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Concrete surface retarders are greatly influenced by several market aspects that play a major role in shaping their dynamics. The construction industry is one of the main drivers of this market globally. According to Transparency Market Research, the global concrete surface retarders market is expected to be worth USD 121 Mn by 2030 at a CAGR of 4.5% from 2022 up to 2030. Additionally, stringent environmental regulations and increasing focus on green building practices have had significant implications for the market. Concrete surface retarders are particularly favored for their efficacy in reducing laitance at the surface, thereby enhancing the quality of resulting concrete structures. Further, as the building industry becomes more focused on sustainability, there will be an expected growth in demand for these retardants.
Furthermore, technological advancements in the formulation of concrete surface retarders have played a major role in driving their markets further ahead. Companies involved in the production of concrete surface retarders are making huge investments in research activities, which enable them to develop products that augur well with current needs. Global economic trends and government initiatives also impact this business line. For instance, changes in economies directly determine the rates at which construction takes place, hence influencing demand for concrete surface retardants (EPA). Likewise, some governments have come up with policies aimed at promoting infrastructure growth, especially within developing nations, thus boosting this sector too. Moreover, competition among multiple players operating within these sectors has shaped its trajectory so far, such as mergers and acquisitions with strategic partners. The growth potential for each type during the forecast period is defined after analyzing several factors, such as technological advancements and government support.
Geographical factors also play a critical role in determining how markets operate when it comes to retarders formulated for use on concrete surfaces. Different geographical regions exhibit different construction practices, while others may experience diverse weather conditions affecting certain types of retards demand. Market challenges that include fluctuations witnessed in the prices of raw materials and the existence of available substitutes must be addressed by the industry participants. For example, changes in market demand for construction inputs may result in price fluctuations due to the high sensitivity of this industry to costs. The concrete surface retarders market is a very dynamic and fast-changing business that depends on several factors. This interaction between worldwide construction patterns, technological advancements, economies, competition dynamics, and regional variations controls the directionality of progress in this field. In line with the growing need for sustainable construction solutions, coupled with a rising construction industry globally, it is projected that there will be increased demand for high-quality concrete surface retardants, which will provide challenges.
Concrete Surface Retarders Market Highlights:
Concrete Surface Retarders Market Overview
Concrete Surface Retarders Market Size was valued at USD 94.1 million in 2023. The Concrete Surface Retarders industry is projected to grow from USD 98.1 million in 2024 to USD 142.8 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period (2024 - 2032). The Concrete surface retarders are the surface deactivators that delay the set of the fresh concrete, which allows the concrete to cure normally and helps the concrete to harden properly, where the surface paste can be removed easily after. The surface retarders stop the hydration process and don’t affect the setting rare or the strength of the laid concrete. Concrete surface retarders are used to cure the concrete and to provide protection from extreme environmental conditions. The professionals who apply the surface retarders have to ensure that they apply the surface retarders evenly on the surface and visually monitor the process. Some professionals utilize dyes to monitor the sprayed concrete surface retarders and whether or not they are applied evenly. However, the dye tends to disintegrate after drying.
The increasing development in the roadways to connect the key urban regions in several countries and the increasing economic condition of several countries are propelling the overall growth of the concrete surface retarders industry. The manufacturers are developing concrete surface retarders with zero non-volatile organic compounds to make them environmentally friendly. Such factors are further fuelling the overall growth of the concrete surface retarders industry.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
COVID 19 Analysis
The COVID-19 pandemic has affected the growth of several industrial sectors, including the construction sector. The transportation of the raw materials and goods required for the construction activities was reduced or completely hindered due to the lockdown and restrictions imposed by several countries. The economic decline in the countries like China has significantly reduced the concrete surface retarder’s market value.
The travel prohibitions imposed across the globe have also affected the price of construction materials, which have also negatively influenced the growth of the concrete surface retarders industry. Some of the other factors such as reduced demand and consumption have also affected the overall growth of the concrete surface retarders industry.
Concrete Surface Retarders Market Dynamics
Market drivers
The potential benefits of concrete surface retarders such as easier application, effective functioning, eco-friendly and non-hazardous properties of the concrete surface retarders are considered as the major drivers of concrete surface retarders' market growth. They perform efficiently while laying the roads, they are cost-effective and offer superior finish for the rough surfaces, therefore the road developments utilize the concrete surface retarders intensively.
The advancements in the construction industry with the technological developments in the countries such as Italy, Germany, the UK, and France are augmenting the overall growth of the concrete surface retarders industry.
Market opportunities
The increasing applications such as slip resistance surfaces, precast concrete, sidewalks, decorative concrete, and other significant applications that are utilized in the industrial regions, commercial space to attract consumers and offer better experience across the developed regions are expected to increase the overall growth of concrete surface retarders industry.
The manufacturers are focusing on developing concrete surface retarders that are efficient, yet eco-friendly and odorless. Also, the growth of green buildings across the developed countries like European countries are intensively utilizing water-based concrete surface retarders and thereby promoting the growth of the concrete surface retarders industry. Moreover, the rapid urbanization and industrialization of several developed countries are presenting lucrative opportunities for the overall growth of the concrete surface retarders industry.
Market restraints
The solvent-based concrete surface retarders are used in the industrial regions; however, they are restricted by the regulations imposed by government organizations in several developed countries. Such stringent regulations are expected to hinder the overall growth of the concrete surface retarders industry.
Lack of awareness regarding the varied benefits of applying the concrete surface retarders among developing regions is expected to hinder the concrete surface retarder’s market growth. The roadways are not modified or developed in certain regions. Such factors are expected to hinder the concrete surface retarders’ market growth.
Market challenges
The lower penetration of the internet and basic amenities in the developing regions such as Africa, South America, Asia-pacific region are considered as the major challenge for concrete surface retarders market growth. Also, the availability of cheaper alternatives in those regions is affecting the concrete surface retarders' market growth.
The presence of a competitive industry of the cheaper alternatives against the growth of concrete surface retarders is expected to hinder the overall growth of the concrete surface retarders industry.
Cumulative growth analysis
The concrete surface retarders market growth is highly influenced by the growth of construction activities across the globe, especially the commercial sector in the developed countries are rapidly developing and are inclined towards sophisticated amenities. The decorative artwork across the borders of the roads, sidewalks, and pavements is expected to be laid with supreme quality. Such increasing demand is propelling the overall growth of the concrete surface retarders industry. Therefore the concrete surface retarder’s market value was at USD 79.8 million in the year 2020 and it is expected to surpass the market value of USD 121 million by the year 2030 while registering a CAGR of 4.5% during the forecast period.
Also the increasing trend for green buildings and the eco-friendly amenities across the globe and the developments and operation practices that utilizes sustainable materials and water-based retarders are some of the key factors that are improving the overall growth of the concrete surface retarders industry.
Value chain analysis
The demand for sustainable and higher quality construction and roadways are increasing in recent times, the increasing migration and the higher foot traffic in the industrial sectors are propelling the overall growth of the concrete surface retarders industry. The higher quality roadways are improving the productivity in the industrial sectors. Additionally, the manufacturers are increasing the production of water-based concrete surface retarders over solvent-based that don’t comply with several regulations imposed by the government authorities.
Some potential factors such as the cost-effective and efficient operation of these concrete surface retarders are increased the concrete surface retarder’s market value in recent years. The industrial sectors are rapidly developing their infrastructure with slip-resistance surfaces, architectural concrete, and precast concrete. Such increasing demand in the industry is also considered as the major driver of concrete surface retarders’ market growth.
Concrete Surface Retarders Market Segment Overview
Based on Raw Material
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Organic Agents
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Inorganic Agents
Based on Type
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Water-Based
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Solvent-Based
Based on Application
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Commercial
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Residential
Regional Analysis
The commercial application segment in several developed countries is expected to stimulate the overall growth of the concrete surface retarders industry. The increasing construction projects such as bridge decks, sidewalks, curbs, ramps, and so on across the developed regions such as European countries are presenting lucrative opportunities for the concrete surface retarder’s market growth.
On the other hand, North America is expected to have a substantial growth in the concrete surface retarders industry which is due to the changing lifestyle of the population present there. The plans for the single-family housing, multi-family constructions across North America are also presenting a lucrative opportunity for the overall growth of the concrete surface retarders industry. Similarly, the increasing investment for infrastructural development in the countries like India is expected to propel the concrete surface retarders market growth during the forecast period. A program such as “Make in India” which was introduced to develop the infrastructure of the country has encouraged the sophisticated amenities and roadways across the region.
However, the countries such as Africa, South America are adopting the cheaper alternatives that are expected to affect the concrete surface retarder’s market value.
Competitive landscape
List of the key major companies in the Concrete Surface Retarders Market are
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Sika AG
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BASF SA
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CEMEX S.A.B
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GCP applied technologies
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Euclid Chemical Company
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Fosroc
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Parchem Construction Supplies
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RussTech Inc.
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 report has covered:
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Market Overview
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COVID 19 Analysis
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Market dynamics
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Cumulative growth analysis
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Value chain analysis
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Segment overview
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Regional analysis
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Competitive landscape
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Recent developments
Concrete Surface Retarders Market Segmentation Table
Based on Raw Material
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Organic Agents
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Inorganic Agents
Based on Type
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Water-Based
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Solvent-Based
Based on Application
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Commercial
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Residential
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