Concrete Surface Retarders Market Research Report – Global Forecast to 2030

Concrete Surface Retarders Market Research Report, By Material (Organic Agents, Inorganic Agents), Type (Water-based, Solvent-based), Application (Residential, Commercial) and Region - Global Forecast till 2030

ID: MRFR/CO/5275-HCR | February 2021 | Region: Global | 100 pages

Concrete Surface Retarders Market Overview


In 2020, the global concrete surface retarders market value is registered as USD 79.8 million and is expected to grow at a significant rate of 4.5% CAGR with the market size of USD 105.8 million during the forecast period (2021-2028).


Concrete surface retarders are also known as surface retarders. To delay the setting process chemically, the product should primarily be applied to fresh concrete to avoid affecting the setting rate of the underlying cement. The concrete surface retarders offer the best design and superior finish to complex structures. These retarders are very easy to apply and work effectively in a very short time. This product can be used for the improvement of waterproofing materials and the creation of exposed aggregate surfaces.


Concrete surface retarders is an easy and cost-effective solution to eliminate unevenly concrete surface. Moreover, it does not contain Volatile Organic Compounds (VOC) content, which makes this product environmentally friendly.


COVID-19 Analysis:


The COVID-19 outbreak is drastically impacted all over the world mentally, physically, and financially by the spread of the virus and the imposing of lockdowns. To control the spread of the virus, most of the country’s governments imposed lockdowns and various stringent rules like the shutdown of public places such as theatres, restaurants, schools, and offices. Due to this work from the home system was developed in various countries. Due to the lockdown, the manufacturing industries halts the production due to the lack of raw materials and shortage of manpower.


The market is also severely impacted due to the pandemic. By reducing the construction activities due to the pandemic and lockdowns, the demand for the market was declined. Moreover, the production halts also declined the market growth. After the lifting of lockdowns by governments, the growth of the market has rapidly increased.


Competitive Landscape


The prominent key players in the global concrete surface retarders market outlook are the following:



  • Sika AG (Switzerland)

  • BASF SA (Germany)

  • Mapei AS (Italy)

  • CEMEX S.A.B de C.V (Mexico)

  • GCP Applied Technologies (US)

  • The Euclid Chemical Company (US)

  • R.Meadows (US)

  • Fosroc (UAE)

  • Parchem Construction Supplies

  • RussTech, Inc.


Market Dynamics:


Drivers:


A surge in demand for green buildings, rapid industrialization,  infrastructure developments, and a rise in urban population are the major factors driving the growth of the market. Growing demand from both the residential and non-residential construction sectors is expected to propel market growth. Rising demand from modern architecture is bolstered market growth.


Increasing the surface retarders demand in various applications like slip resistance surfaces, precast concrete, and decorative sidewalks is anticipated to boost the market growth. Water-based concrete surface retarders are having various benefits like solvent-less, eco-friendly, and have less odor which makes it preferable in green buildings for horizontal and vertical surface applications like vertical construction joints, sidewalks, floors, driveways, and paving slabs.


Restraint:


Lack of awareness among the consumers regarding concrete surface retarders is limiting the growth of the market.


Opportunities:


The rise in construction activities is creating an opportunity to increase market growth. After the economic slowdown of 2008, the new constructions for both commercial and non-commercial have risen. The construction industry has been growing in the Middle East countries like Qatar, Saudi Arabia, and the UAE. Between 2015 and 2020, the Asia-Pacific region witnessed the maximum number of new constructions. Moreover, the program ‘Make in India’ was introduced by the Government of India is promoting various new construction projects across the country. As per Oxford Economics, the global construction industry is going to be increased by one-tenth of the global GDP, and by 2030, it is estimated to reach about USD 8 trillion.


Challenges:


Lack of awareness regarding the benefits of concrete surface retarders in developing countries like Africa, South America, and Asia-Pacific is hindering the market growth. Educating the consumers regarding the benefits of concrete surface retarders in vertical and horizontal concrete surfaces will boost the market growth. To create awareness and increase the usage of concrete surface retarders in developing countries, advertisements, trade shows, and exhibitions are helpful.


Study Objectives -



  • To provide detailed information about the market structure along with various forecast segments and subsegments for the next 10 years.

  • To provide the factors that are affecting the growth of the market value.

  • To analyze the market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the concrete surface retarders market revenue for the main geographies.

  • To provide the country-level analysis of the current market size and future prospective.

  • To provide country-level analysis of the market industry growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global market research.


Segment Overview:


The global concrete surface retarders market has been divided into four segments based on material, type, application, and region.


Based on Material


The global market based on material is classified into two types as organic and inorganic agents. Among these two, the organic agent’s segment holds the largest market share of 60% in the overall market and is also predicted to continue this significant growth rate in the coming years. Due to the widely used application used in both vertical and horizontal concrete surface retarders in the construction industry.                                                                                   


Based on Type


The global market by type is bifurcated into water-based and solvent-based. Due to the widespread use of water-based concrete surface retarders and their advantages like the absence of volatile organic compounds (VOCs) and biodegradability, water-based concrete surface retarders are leading the market across the globe and is anticipated to continue their growth in the review period.


Based on Application


By application, the global market is categorized into residential and commercial. Out of these two, the commercial segment is holding the largest market share and is also expected to witness a significant growth rate in the forecast period owing to the high demand for concrete surface retarders majorly from commercial construction activities. In developing countries, the rapid expansion of multinational companies requires more space for offices which leads to an increase in commercial construction activities.


Based on Region


Region-wise, the global concrete surface retarders market is divide into four main geographies such as Europe, Asia-Pacific, North America, and the Rest of the World. Among them, Europe is holding the largest market share due to the technological developments in residential building construction in emerging countries like Italy, Germany, UK, and France.


Regional Analysis -


Geographically, the concrete surface retarders market based on regions is analyzed into four major regions like Asia-Pacific, North America, Europe, and the Rest of the World. Out of these regions, Europe is dominating the largest market share in the overall market and it is further followed by North America and Asia-Pacific. This dominance is due to the technological development in residential building construction across emerging countries like Italy, Germany, UK, and France. In these countries, the market is expected to grow at a sustainable growth rate. Moreover, subsequent growth of the public and private sector investments in infrastructural construction projects is anticipated to create significant opportunities to boost the demand for the market in this region.


North America and Asia-Pacific regions are predicted to exhibit sustainable growth rates during the review period in terms of value and volume. Rapid urbanizations along with the huge amount of investments in commercial as well as residential constructions in emerging economies like China and India are accelerating the growth of the concrete surface retarders market in the Asia-Pacific regions.


Recent Developments



  • In June 2018, in Saudi Arabia, the most popular enterpriser, Sika started a production plant for concrete admixtures to strengthen its foothold in the Middle East region. This new expansion may favor this company to increase its production capacity and optimize logistics by decreasing the transportation costs incurred in serving the adjacent markets across the Persian Gulf.

  • In May 2018, in Yangon, Myanmar, the leading key player BASF opened its first production plant which is predicted to serve the rising demand for high quality, tailor-made concrete admixtures by the increasing industrial, residential, and infrastructure construction sectors in Myanmar.

  • In April 2018, one of the top key players, Sika opened its new expansion concrete admixture factory in Senegal, Africa which is predicted to favor the company to increase its presence in Senegal and serve customers in West Africa.


Report Overview:


This global concrete surface retarders market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the market drivers, restraints, challenges, and opportunities. The market forecast segments are material, type, application, and region.


Segmentation Table


Globally, the concrete surface retarders market trends have been segmented into four types based on the material, type, application, and region.


By Material


Organic and inorganic agents.


By Type


Water-based and solvent-based.


By Application


Residential and commercial.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 105.8 Million
  • 2030 : Significant value
  •   CAGR   4.5% CAGR (2022-2030)
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Material, Type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Sika AG (Switzerland), BASF SA (Germany), Mapei AS (Italy), CEMEX S.A.B. de C. V (Mexico), GCP Applied Technologies (US), The Euclid Chemical Company (US), W. R. Meadows (US), Fosroc (UAE), Parchem Construction Supplies, and RussTech, Inc.
      Key Market Opportunities

  • Rapid urbanization and increasing disposable income
  • Increase in commercial construction activities, globally
  •   Key Market Drivers   Growth of public and private sector investments in infrastructural construction projects


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    Frequently Asked Questions (FAQ) :


    The valuation of concreter surface retarders market would be USD 105.8 Million.

    Concreter surface retarders market CAGR would be 4.5% during the forecast period.

    Europe would dominate concreter surface retarders market.

    Asia and China would drive the APAC concreter surface retarders market.

    Rapid urbanization and increasing disposable income would trigger concreter surface retarders market growth in the APAC.