Concrete Surface Retarders Market: Global Industry analysis and Forecast (2024-2030) by raw material, type, application and region

Concrete Surface Retarders Market Overview:

 Concrete Surface Retarders Market report examines the market's growth drivers as well as its segments. Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Concrete Surface Retarders market’s, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Concrete Surface Retarders market.

 

Concrete surface retarders are surface deactivators that delay the set of fresh concrete, allowing the concrete to cure regularly and harden appropriately, and allowing the surface paste to be readily removed thereafter. Surface retarders inhibit the hydration process but have no effect on the setting time or strength of the concrete. The concrete surface retarders are used to cure the concrete and preserve it from harsh weather conditions. Surface retarder application professionals shall ensure that the surface retarders are applied evenly and that the process is visually monitored. Some specialists use dyes to check whether or not the sprayed concrete surface retarders are applied uniformly. The dye, on the other hand, has a tendency to disintegrate after drying.

 

Concrete surface retarders are simple to use and effective. The material improves the bonding of waterproofing materials while also creating exposed areas. Growing demand for products such as precast concrete, decorative sidewalks, and slip-resistant surfaces is propelling the industry forward.

 

The overall growth of the concrete surface retarders market is being fueled by the expanding building of roadways to connect significant urban districts in various nations, as well as the improving economic conditions of several countries. To be environmentally sustainable, producers are designing concrete surface retarders that include no non-volatile organic chemicals. 

 

 

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Concrete Surface Retarders Market dynamics:

The growing use of slip-resistant surfaces, precast concrete, sidewalks, decorative concrete, and other significant applications in industrial regions, commercial space, and other significant applications to attract consumers and provide a better experience across developed regions is expected to boost the overall growth of the concrete surface retarders market.

 

Manufacturers are concentrating on creating concrete surface retarders that are effective while remaining environmentally friendly and odourless.

 

Furthermore, the expansion of green buildings in developed nations such as Europe is heavily utilising water-based concrete surface retarders, encouraging the growth of the concrete surface retarders market.

 

The potential benefits of concrete surface retarders, such as ease of application, effective functioning, eco-friendliness, and non-hazardous qualities, are reported to be the major drivers of concrete surface retarders market expansion. They work well when creating roads, are cost-effective, and provide a superior finish for rough surfaces, therefore road constructions make extensive use of concrete surface retarders.

 

A major element that is predicted to fuel the rise of concrete surface retarders in the coming years is the increasing demand for them in both residential and non-residential applications. As a result of the absence of volatile organic compounds (VOCs), an increase in demand for concrete surface retarders for green buildings is expected to emerge in the near future, fueling the concrete surface retarders market.

 

The overall growth of the concrete surface retarders market is being aided by technological breakthroughs in the construction industry in nations such as Italy, Germany, the United Kingdom, and France.

 

Solvent-based concrete surface retarders are utilised in industrial areas; however, restrictions enforced by government organisations in numerous developed countries limit their use. Such strict limitations are likely to stifle the concrete surface retarders market overall growth.

 

The lack of awareness about concrete surface retarders is one of the factor that is limiting the market's growth. In certain areas, the roads have not been updated or developed. Such limitations are projected to stifle the market for concrete surface retarders.

 

COVID-19 Impact on Concrete Surface Retarders Market:

The import and export of construction materials has been hampered by the Coronavirus. China is the world's leading exporter of construction materials. The global import and export of goods is expected to be reduced as a result of negative trends in China's economy.

 

Since the corona outbreak in December 2019, demand for new construction materials has shifted dramatically negative, with manufacturers and investors predicting an extremely sluggish economy.

 

Travel restrictions have had an impact on the construction materials trade all around the world. As a result, the global supply and demand for construction materials has nearly come to a halt.

 

The greatest impediment to the worldwide construction materials industry is government-issued home quarantine orders, which have resulted in the stoppage of construction material manufacturing. Over the course of the current economic year, decreased consumer demand and consumption has resulted in sales of construction materials being reduced and slowed all over the world. As a result, the concrete surface retarders market is likely to suffer in coming years.

 

Concrete Surface Retarders Market segment analysis:

By raw material: The concrete surface retarders market is segmented into organic agents and inorganic agents on the basis of raw material.  The organic surface retarder category is predicted to be the largest, with a faster CAGR than the inorganic product type. These materials are appropriate for a wide range of residential and non-residential applications in both vertical and horizontal concrete surfaces. Furthermore, organic agents are predicted to be less expensive than their counterparts, giving this market a competitive advantage.

 

Organic agents are widely used in concrete surface retarders due to their lower cost and greater application areas in architectural concrete, precast concrete, and slip-resistance surfaces, among others.

 

By type: The concrete surface retarders market is segmented into water based and solvent based on the basis of type. Water-based concrete surface retarders are projected to dominate the market because of their negligible health risks. Water-based products are gaining popularity around the world due to their odourless characteristics and environmentally friendly nature. Over the projection period, more strict laws for the building and construction industry, which demand environmentally friendly and sustainable products, are expected to bring up new business opportunities.

 

 

By application: The concrete surface retarders market is segmented into residential and commercial on the basis of application. The commercial category is expected to grow faster than the residential segment because of increased public and private investments in infrastructure development in Asia Pacific, the Middle East, and South America. Concrete surface retarders are used in commercial construction, including bridge decks, walkways, curbs, ramps, facade cladding, and concrete segment joints, among other places.

 

Concrete Surface Retarders Market Regional Insights:

Europe has emerged as the largest market for concrete surface retarder, with water-based surface retarders having seen the most growth in the past. This increase in product demand has resulted due to increase in regional construction activity during the last five years. North America is predicted to grow due to a significant increase in single-family and multi-family housing building. Over the forecast period, this aspect is expected to drive regional market growth.

 

Similarly, rising infrastructural development investments in countries such as India are likely to propel the concrete surface retarders market forward throughout the forecast period. The introduction of programmes like "Make in India" to build the country's infrastructure has promoted the development of advanced amenities and motorways throughout the region.

 

However, countries such as Africa and South America are embracing cheaper alternatives, which is projected to affect the market value of concrete surface retarders.

 

In Canada, government efforts and investments to provide affordable housing to the lower classes through the Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to drive residential construction.

 

In the concrete surface retarders market, China, the United States, the United Kingdom, France, Germany, and Japan are expected to develop faster than other nations.

 

The objective of the report is to present a complete picture of global Concrete surface retarders market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the concrete surface retarders market. It also helps to understand bargaining power of suppliers and consumers.

 

The report also presents PESTLE analysis which helps to gain a macro picture of concrete surface retarders market.  Political factors help to identify the influence of government over concrete surface retarders market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in concrete surface retarders price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the concrete surface retarders market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements. 

 

Concrete surface retarders market scope:

Concrete Surface Retarders Market
Market Size in 2023	USD 93.06 Mn.
Market Size in 2030	USD 124.12 Mn.
CAGR (2024-2030)	5.35%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Raw Material Organic agents Inorganic agents
	By Type Water based Solvent based
	By Application Commercial Residential
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Concrete surface retarders market key players:

• Chryso Group (UK)
• Sika AG (Switzerland)
• W. R. Meadows, Inc. (US)
• Mapei (Italy)
• GCP Applied Technologies (US)
• BASF (Germany)
• CEMEX (Mexico)
• Fosroc (UAE)
• RussTech (US)
• The Euclid Chemical Company (US)
• Parchem Construction. (Australia)