There is an increase in the number of commercial buildings such as office buildings, shopping malls, airports, hospitals, and others with the surge in population and urbanization across the world. Countries such as India, China, Indonesia, and others are among the top countries where commercial development is significantly visible. Moreover, residential buildings also make use of concrete surface retarders. However, concrete surface retarder reduces effective depth of the concrete slab, which is negatively affecting the market growth.
Furthermore, demand for sustainable methods of etching the concrete surface to achieve an exposed aggregate concrete surface is expected to provide lucrative opportunities for the concrete surface market growth.
The concrete surface retarders market is segmented on the basis of raw material, type, application, and region. By raw material, it is divided into organic agents, and inorganic agents. By type, it is classified into water-based concrete surface retarders and solvent-based concrete surface retarders. By application, it is categorized into residential and commercial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
Key companies profiled in the concrete surface retarders market report include Sika AG, BASF SE, MAPEI S.p.A., GCP Applied Technologies Inc., TK Products Construction Coatings, The Euclid Chemical Company, CEMEX S.A.B DE C.V., W. R. Meadows, Inc., RussTech, Inc., and Fosroc, Inc.Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging concrete surface retarders market trends and dynamics.In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the concrete surface retarders market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global concrete surface retarders market forecast analysis from 2022 to 2031 is included in the report.
The key market players within concrete surface retarders market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the concrete surface retarders industry.
Key Market Segments
By Raw material
- Organic Agents
- Inorganic Agents
By Type
- Water Based
- Solvent Based
By Application
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- BASF SE
- MAPEI S.p.A.
- TK Products Construction Coatings
- CEMEX S.A.B DE C.V.
- W. R. Meadows, Inc.
- RussTech, Inc.
- Fosroc, Inc.
- Sika AG
- GCP Applied Technologies Inc.
- The Euclid Chemical Company
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Table of Contents
Executive Summary
According to the report titled, “Concrete surface retarders Market," the concrete surface retarders market was valued at $82.7 million in 2021, and is estimated to reach $131.5 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031.Concrete surface retarders are a type of chemical used in the construction sector for etching off the top layer of freshly poured concrete. Concrete surface retarders work by delaying the setting of the top layer while leaving the rest of the concrete unaffected. The delayed setting allows an easy etching of the top layer when the rest of the concrete has been set. This is used in residential as well as commercial construction, including small scale applications in infrastructure construction as well.Key factors driving the growth of the concrete surface retarders market include growth in infrastructural development projects, increased demand for residential, commercial, and industrial buildings, and safer and easier method for exposing concrete aggregate. The global population and urbanization are expected to rise significantly in the coming decades, leading to an increased demand for residential and commercial buildings. This increase in demand for buildings is expected to drive demand for concrete surface retarders. Concrete surface retarders are used by many building contractors to achieve an exposed aggregate surface of the concrete for decorative as well as functional purposes, such as achieving a slip-resistant surface. Places that require slip-resistant surface include swimming pool decks, parking areas or walkways of a house or a commercial place, and many other similar places. In addition, a slip-resistant surface in an industrial building is highly required. Furthermore, concrete retarders are also used for creating appealing facade in a building. According to the United Nations, the global population and urbanization is expected to rise, and Asia and Africa are the regions that are expected to contribute majorly to the increase in urbanization. Thus, a major growth in building construction sector can be seen in these regions. For instance, in October 2021, the Dubai and Indian governments agreed to develop infrastructures such as industrial parks, multipurpose towers, logistics centers, a medical college, and a specialized hospital in the state of Jammu & Kashmir of India. Such growth in the building construction sector is driving the need for concrete surface retarders.
Moreover, increasing demand for sustainable building materials is expected to provide growth opportunities to the key players in the market. Building materials such as superplasticizers, retarders, and others are known to be hazardous to the environment as well as to the workers’ health. Thus, there is a constant demand for building materials that are environment-friendly and non-hazardous to workers. Especially water-based concrete surface retarders are more environment-friendly and odourless, as there is a less concentration of volatile organic compounds (VOC). The government across the world regulates the use of chemical based on its VOC and encourage the use of products with less VOC concentration. For example, the U.S. government through its Environment Protection Agency (EPA) regulates VOCs at the national level in 40 CFR 59. According to this guideline, there should not be more than 780 grams VOC per litre of concrete surface retarders. Thus, companies offer concrete surface retarders within the VOC limits. For instance, Tenon a manufacturer of concrete surface retarders offers Tenon™ Concrete Surface Retarder. The company claims it to be safe, non-toxic, and biodegradable, along with other features. Thus, the rise in demand for sustainable building materials is expected to provide lucrative growth opportunities to the key players in the market.
The concrete surface retarders market is segmented on the basis of raw material, type, application, and region. By raw material, it is divided into organic agents, and inorganic agents. By type, it is classified into water-based concrete surface retarders and solvent-based concrete surface retarders. By application, it is categorized into residential and commercial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competitive analysis and profiles of the major players in the concrete surface retarders, such as Sika AG, BASF SE, MAPEI S.p.A., GCP Applied Technologies Inc., TK Products Construction Coatings, The Euclid Chemical Company, CEMEX S.A.B DE C.V., W. R. Meadows, Inc., RussTech, Inc., and Fosroc, Inc. are provided in this report. Major players have adopted business expansion as key developmental strategies to improve the product portfolio of the concrete surface retarders market. For instance, in May 2022, Sika, a major producer of concrete admixtures including concrete surface retarders opened a new production facility in Stafford, Virginia.
Key Market Insights
- By raw material, the organic agents segment was the highest revenue contributor to the market and is estimated to reach $78,625.5 thousand by 2031. Moreover, the inorganic agents segment is estimated to be the fastest-growing segment during the forecast period.
- By type, the hot water based concrete surface retarders segment dominated the global market. However, the solvent based concrete surface retarders segment is expected to be the fastest growing segment with a CAGR of 5.0% during the forecast period.
- By application, the commercial segment was the highest revenue contributor to the market in 2021, and the residential segment is expected to grow with a CAGR of 4.9% during the forecast period
- Based on region, Asia-Pacific garnered the largest revenue share in 2021, and the same is anticipated to grow at the highest CAGR of 5.0% during the forecast period.
Companies Mentioned
- BASF SE
- MAPEI S.p.A.
- TK Products Construction Coatings
- CEMEX S.A.B DE C.V.
- W. R. Meadows, Inc.
- RussTech, Inc.
- Fosroc, Inc.
- Sika AG
- GCP Applied Technologies Inc.
- The Euclid Chemical Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 293 |
Published | February 2023 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 82.7 million |
Forecasted Market Value ( USD | $ 131.5 million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |