Concrete Surface Retarders Market size was valued at USD 63.2 million in 2023 and is expected to exceed USD 136.46 million by 2036, registering over 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of concrete surface retarders is assessed at USD 66.28 million. Concrete surface retarders delay the setting or drying of the top most surface of concrete, which is desired for various purposes. The growth of the market can be attributed to the growing application of these retarders amongst various verticals, backed by the advantages for concrete surface retarders for creating slip-resistant surfaces. The increasing construction of sidewalks or pavements, and inclined surfaces in underground parking lots, are estimated to boost the market growth. The growing application of concrete surface retarders for making precast panels, bricks, and exposed aggregate surfaces, among others, are estimated to boost the market growth. More than 1,500 million bricks are being produced globally, and this is estimated to grow with the growth of construction activities. Along with this, these are sometimes used to counter the fast-drying action caused by high temperature, which is projected to boost their demand significantly in various regions.
Growth Drivers
Challenges
|
2023 |
|
|
Forecast Year |
2024–2036 |
|
CAGR |
6.1% |
|
Base Year Market Size (2023) |
USD 63.2 million |
|
Forecast Year Market Size (2036) |
USD 136.46 million |
|
Regional Scope |
|
The market is bifurcated by type into water-based and solvent-based, out of which, the water-based segment is anticipated to hold the notable share in the market over the forecast period on account of easy application, reasonable cost, and eco-friendly nature. Water-based retarders contain lesser amount of VOC (volatile organic compounds), and hence, are non-hazardous, which is estimated to boost their demand in the upcoming years.
Our in-depth analysis of the global market includes the following segments:
|
By Type |
|
|
By Application |
|
|
By End-User |
|
On the basis of geographical analysis, the concrete surface retarders market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is estimated to hold largest revenue share by 2036, ascribed to growing construction activities in the region. Out of the total production of concrete bricks, more than 85% are produced in the Asia Pacific region. China is one of the top exporters of bricks in the world.
The market in the North America region is anticipated to gain significant market share throughout the forecast period owing to the rising urbanization, construction of highways, bridges, and parking lots, and growing industrial construction activities in the developed nations.
April, 2021: Sika AG to develop a range of lower CO2 concrete admixtures implementing the LC3 technology. Sika is focusing on the R&D activities to reduce carbon footprint in the upcoming years.
January, 2019: In-transit Concrete Management System, named VERIFI, made by the leading provider of construction products, GCP Applied Technologies, was bestowed as one of the best construction technology products of the year.
May, 2021: Saint-Gobain to acquire CHRYSO SAS, which is a leading global player in the construction chemicals. The acquisition aims to promote sustainable construction.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?