Concrete Surface Retarders Market size will witness significant growth with an increasing demand from the residential and non-residential construction sectors during 2021 to 2027. The increased demand from the commercial, industrial, education, healthcare, and residential sectors are the major driving forces supporting the market growth.
Currently, energy consumption and environmental problems have increased worldwide. Therefore, eco-friendly solutions are taken into consideration as concrete surface retarders are free from VOC content. They are increasingly used as an environmental-friendly building material. Organic surface retarders are predicted to contribute more to concrete surfaces due to their increasing use in both vertical and horizontal directions. Additionally, their demand in applications including precast panels, decorative sidewalks, and slip resistance surfaces is also proliferating the concrete surface retarders market outlook.
There are certain restraints and challenges that are holding back the growth of the concrete surface retardant market. Factors such as various government regulations and the availability of inexpensive alternatives are potential constraints hindering the overall growth of the surface retarder market.
Surface retardants, also known as surface deactivators, are applied to fresh concrete to chemically retard the setting of the surface mortar. In contrast to concrete retarders, they allow the rest of the concrete to harden normally without affecting the set speed or the gain in strength. They are produced by adding surface structure by using color TAggregates such as, basalt, marble, traditional gravel, and granite.
Technological advancements in surface retarders offer unmatched reliability and control for aggregate finishes. High investment in technologies has made the product highly durable with premium finishing properties. They offers competitive product advantage such as a comprehensive range of etch depth, excellent depth-of-etch control, improved flexibility, products are available in both in-form & surface, VOC compliant, easy application, and short drying times. Therefore, the demand for the concrete surface retarders market is surging through 2027.
Based on raw materials, the market is segmented into organic and inorganic agents. Organic surface retarders are set to gain a high market share compared to inorganic agents due to rising green movements across the industries. The low cost of organic agents is offering a competitive advantage over their counterparts.
In terms of product type, the concrete surface retarders market is bifurcated into water and solvent-based retarders. Water-based retarders will be an attractive segment due to their low health hazards. They have excellent properties, such as they are odorless and eco-friendly, which drive the market forces across the globe.
Based on application, the commercial sector is likely to open new business avenues from 2021 to 2027. The non-residential construction sector includes the construction of concrete joints, sidewalks, facade, curbs, cladding, ramps, and bridge decks. The sector will witness a high demand for the product from emerging countries.
Europe concrete surface retarders market is expected to hold significant share as regional nation-building activities increase. The Asia Pacific region is poised to become the largest consumer of surface retarders in the construction sector in the near future due to growing urbanization and increasing employment in emerging countries including China, India, and Japan. In North America, Canada's New Construction Program (NBCP) supports building and construction projects that aims to promote economic growth and job creation, stimulating market demand in the region. The need for housing solutions to improve living standards, purchasing power, and population growth will propel the of the construction industry growth and have a positive impact on the market.
Some of the major players involved in the concrete surface retarders market include RussTech, GCP Applied Technologies, BASF, W. R. Meadows, Sika, MAPEI, Fosroc, The Euclid Chemical Company, Parchem Construction Supplies, and Fosroc, among others. Market players are engaged in mergers & acquisitions to satisfy the needs of the niche markets and to strengthen their global presence. For an instance, Sika has opened a concrete industry in Saudi Arabia to consolidate its base in the Middle East, which will reduce travel costs and operate in markets near Persia. This strategy is anticipated to increase production capacity and improve consumer experience.
The above information is provided on a regional and country basis for the following: