Concrete Surface Retarders Market Size And Forecast
Concrete Surface Retarders Market size was valued at USD 75 Million in 2022 and is projected to reach USD 122.1 Million by 2030, growing at a CAGR of 4.5% from 2023 to 2030.
The rising demand from the residential and non-residential construction sectors worldwide leading to infrastructure development and industrialization has anticipated fueling the growth of the Concrete Surface Retarders Market. Technological advancements are the crucial aspect of the rise in market revenue. This will foster market growth. The Global Concrete Surface Retarders Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Concrete Surface Retarders Market Definition
Concrete surface retarders can be defined as a deactivator that is applied to fresh concrete to chemically delay the set of the surface mortar. Concrete Surface Retarders are a product that is primarily applied to fresh concrete in order to delay the setting process chemically, without affecting the setting rate of the underlying cement. These products are easy to apply and effectively work in a very limited time.
The application of concrete surface retarders enables better design and superior finish to complex structures. It can be applied for bond improvement of waterproofing materials and the creation of exposed aggregate surfaces. Growing demand from modern architecture is likely to further fuel the growth over the forecast period.
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Global Concrete Surface Retarders Market Overview
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Concrete Surface Retarders Market is growing at a fast rate due to the growing acceptance of sustainable and green building construction concepts. The idea and development of smart cities have speeded the market demand. The smart city comprises buildings with design, construction, and operation practices that use sustainable materials in construction, for an excellent surface finish and an improved aesthetic appeal in turn propelling Concrete Surface Retarders Market. Additionally, rising demand from the residential and non-residential construction sector worldwide leading to infrastructure development is anticipated to fuel the market growth.
The increasing demand for modern architecture with complex structures drives the Market for the forecast period. There are certain restraints and challenges faced which will hinder the overall Market growth. The factors such as varying governmental regulations restrict the market and its revenue. The varying governmental regulations and the presence of cheap alternatives are the potential restraints hampering the overall growth of the Market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Concrete Surface Retarders Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.
Global Concrete Surface Retarders Market Segmentation Analysis
The Global Concrete Surface Retarders Market is segmented on the basis of Raw Material, Type, Application, And Geography.
Concrete Surface Retarders Market, By Raw Material
- Organic Agents
- Inorganic Agents
Based on Raw Material, The market is bifurcated into Organic Agents and Inorganic Agents. The organic segment held the largest market share. The factors can be attributed to the lower cost and broader application areas in precast concrete, slip-resistance surfaces, and architectural concrete.
Concrete Surface Retarders Market, By Type
- Water Based
- Solvent Based
Based on Type, The market is bifurcated into Water Based and Solvent Based. The water-based type is predicted to hold the most significant CAGR in the forecast period due to the properties of water-based retarders such as eco-friendly, non-hazardous, and odorless.
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Concrete Surface Retarders Market, By Application
- Residential
- Commercial
Based on Application, the market is bifurcated into Residential and Commercial. The commercial segment is anticipated to have the highest CAGR in the forecast period. The factors can be attributed to the growing demand for concrete surface retarders in bridge decks, sidewalks, curbs, and concrete segment joints. The rise in public and private investments boosts the commercial segment.
Concrete Surface Retarders Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Concrete Surface Retarders Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America. The growing demand for high-quality green buildings, reduced environmental impact, time-cost efficiency, and favorable government regulations foster the demand in this region.
Key Players
The “Global Concrete Surface Retarders Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Sika AG, BASF SA, Mapei AS, and CEMEX S.A.B. de C.V, Parchem Construction Supplies, Russtech, The Euclid Chemical Company, GCP Applied Technologies.
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