Global concrete surface retarders market is predicted to proliferate during the forecast period 2024-2028F, because of the expansion of building activities, the development of infrastructure, and rising demand from aesthetically pleasing applications such as pool decks, patios, and driveways, etc.
Chemical compounds called “concrete retarders” are used to slow down the cement’s curing process. Typically, concrete retarders are used to stop the concrete’s surface from chemically hardening, allowing the cement to be washed off the following day to reveal the aggregate. Concrete surface retarders are simple to use and have a very short effective lifetime.
The substance can be used to strengthen the bonds between waterproofing materials and to make surfaces with exposed aggregate. Over the anticipated period, the market is anticipated to be driven by rising product demand in applications such as precast concrete, slip-resistant surfaces, and decorative pavements.
For removing uneven concrete surfaces, the product provides a simple and affordable option. It is ecologically beneficial because it contains no volatile organic compounds (VOCs). Growth in the market is anticipated to be fueled by rising demand for green building materials, which would help reduce the damaging effects of construction operations on the environment.
The market for concrete surface retarders is anticipated to increase as sustainable and green building construction methods gain popularity. A green building employs sustainable materials in its construction for superior surface polish and improved aesthetic appeal, among other quantifiable aims. Water-based retarders are good for the environment and add an aesthetic touch to buildings. They give concrete surfaces an anti-slip quality.
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There is a growth in demand for green buildings, especially in Europe and North America, because of various regulations that mandate the use of sustainable concrete in both commercial and residential constructions. Water-based concrete surface retarders are ideal for green buildings for vertical concrete surfaces and various horizontal applications, including sidewalks, driveways, construction joint floors, vertical construction joints, floors, and paving slabs, because they are solvent-free, environment friendly and have low odor. Precast concrete, slip-resistant surfaces, and aesthetically pleasing pavements are few examples of the applications that are projected to boost demand for the products and hence, the global concrete surface retarders market is expected to boost in the upcoming years.
The Leadership in Energy and Environmental Design (LEED) certification is a globally recognized label for eco-friendly construction projects in India. The only organization in India that offers LEED certification is called Green Business Certification Inc. (GBCI). In addition to LEED, GBCI in India manages a number of other certifications, including PEER, TRUE, EDGE, and SITES. In India, several states and central government organizations are putting more focus on green buildings to encourage energy-saving practices, and each state has already started to offer incentives for green certifications. These incentives aim to encourage private sector investment in sustainable building practices in India and to increase the financial viability of LEED-certified construction projects. The Indian government offers a number of incentives to promote LEED certifications and green development in India. Some examples include:
Green Buildings Present a Multi-Trillion-Dollar Opportunity – As a result of new legislation and rising demand for sustainable solutions, green buildings will keep expanding their market share. The United States, China, Canada, and India are among the top 10 markets where the U.S. Green Building Council certified over 432 million square feet of LEED space in 2021. The greatest potential exists in emerging markets (EMs) for new green building initiatives. Globally, green buildings provide a USD 24.7 trillion investment potential by 2030 in EMs alone, led by the EMs projected to have the highest rate of urban population increase. According to population and urbanization estimates, the East Asia and Pacific area offers the highest investment potential at USD 16.0 trillion, followed by Latin America at USD 4.1 trillion.
The global recession of 2008 caused a significant dip in the construction sector, but since, it has continued to grow positively around the globe. Construction activity has increased recently in nations including China, India, and the United States. With 76 new skyscrapers constructed in China and 10 in the United States in 2022, both nations are experiencing rapid development. Additionally, emerging markets are seeing an increase in the building industry. For instance, the “Make in India” campaign was started by the Indian government to encourage new development projects in the nation. A significant increase of the construction industry in both developed and developing countries might lead to a positive future for the market for concrete surface retarders. The market is expanding because of the increasing use of concrete surface retarders in a variety of applications, including bridge decks, sidewalks, curbs, ramps, facade cladding, and concrete segment joints.Additionally, various countries such as India and China has invested in the infrastructure sector to enhance the lifestyle of the population, providing better facility in term of hospitality & highly advanced hospital, and helps to boost the tourism sector among others across the world. Some investments are below:
Global concrete surface retarders market is segmented based on raw material, type, and end user. Based on the raw material, the market is segmented into organic agents and inorganic agents. Based on type, the market is segmented into water-based and solvent-based. Based on end user, the market is segmented into residential, commercial. infrastructure, and others. The market analysis studies the regional segmentation divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
BASF SE, MAPEI S.p.A, TK Products Construction Coatings, CEMEX S.A.B. de C.V., W. R. Meadows, Inc., Fosroc Inc., Sika AG, GCP Applied Technologies Inc, The Euclid Chemical Company, RussTech Inc. are among the major players that are driving the growth of the global concrete surface retarders market.
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Raw Material Type End User Region |
Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa, and South America |
Key Companies Profiled | BASF SE, MAPEI S.p.A, TK Products Construction Coatings, CEMEX S.A.B. de C.V., W. R. Meadows, Inc., Fosroc Inc., Sika AG, GCP Applied Technologies Inc, The Euclid Chemical Company, RussTech Inc |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
In this report, the global concrete surface retarders market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global concrete surface retarders market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
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1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Raw Material (Organic Agents, Inorganic Agents)
5.2.2. By Type (Water-Based, Solvent-Based)
5.2.3. By End User (Residential, Commercial, Infrastructure, and Others)
5.2.4. By Region
5.3. By Company (2022)
5.4. Market Map
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Raw Material
6.2.2. By Type
6.2.3. By End User
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Concrete Surface Retarders Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Raw Material
6.3.1.2.2. By Type
6.3.1.2.3. By End User
6.3.2. Canada Concrete Surface Retarders Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Raw Material
6.3.2.2.2. By Type
6.3.2.2.3. By End User
6.3.3. Mexico Concrete Surface Retarders Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Raw Material
6.3.3.2.2. By Type
6.3.3.2.3. By End User
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