Concrete Surface Retarders Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Organic Agents, Inorganic Agents), Type (Water-based, Solvent-based), Application (Residential, Commercial) and Region - Global Forecast till 2023 —
Concrete surface retarders fall under the concrete additive's category. These materials control the hardening process of the concrete, thereby increasing its durability and enhancing its quality, which further assures low maintenance and long life of the construction. Resultantly, concrete surface retarders have become an integral material in all building & construction projects.
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Over the period, these concrete retarders have significantly evolved, and therefore, their market has been growing consistently. The burgeoning construction sector, backed by the rising population worldwide, predominantly drives the growth of the market. Moreover, rapidly erecting construction projects worldwide are escalating the market on the global platform, prompting the scope of opportunities.
Considering the kind of traction garnered by this market, Market Research Future (MRFR) in its recently published study report asserts that the global concrete surface retarders market is projected to reach the valuation of USD 90 MN by 2023, registering a CAGR of over 4.5% over the forecast period (2018-2023).
Additional factors that are contributing to the growth of the market include rising population, industrialization, and urbanization. Certainly, rapidly improving economic conditions, worldwide is a significant driving force behind the growth of the market. Also, favorable government policies & initiatives such as infrastructure development projects are acting as a major tailwind that is pushing up the market further.
On the flipside, factors such as the imposition of stringent regulations by government entities worldwide to restrict the use of toxic chemicals in the production of these retarders are restricting the growth of the market. Also, volatility in the prices and supply of raw materials is impeding market growth. Nevertheless, technological advancements are likely to present some bio-based concrete retarders soon, which, in turn, will foster the market growth to an extent.
Key players leading the global concrete surface retarders market include-
• BASF SA (Germany)
• Sika AG (Switzerland)
• Mapei AS (Italy)
• GCP Applied Technologies (US)
• CEMEX S.A.B. de C. V (Mexico)
• The Euclid Chemical Company (US)
• Fosroc (UAE)
• W. R. Meadows (US)
• Parchem Construction Supplies Pty Ltd. (Australia)
• Russ Tech Inc. (the US)
Concrete Surface Retarders Market – Competitive Analysis
Highly competitive, the global concrete surface retarders market appears to be fiercely fragmented due to the presence of many well-established players. These players adopt various strategies such as brand reinforcement, mergers & acquisitions, and innovation to expand their global presence and increase their shares in the market.
Industry/ Innovation/ Related News:
September 07, 2018 ---- CEMEX S.A.B. de C.V.(Mexico), a multinational building materials company announced the opening of its first admixture blending plant in Florida, the US. Admixtures include many products such as setting accelerators and retarders, normal and high range water reducers, air-entraining agents, and specialty products.
The new facility is spread over 21 000 ft2 which will provide the company’s 160 nearby ready-mixed concrete plants with up to 16 different products for regular and high-performance concrete applications.
The centralized location of the facility will allow the company to deliver those unique admixtures, providing its ready-mix customers with exceptional value-added products. CEMEX also confirmed that additional plants scheduled to open in Texas and California in the coming months.
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Concrete Surface Retarders Market – Segmentation
For a better understanding of the market, the report is segmented into four key dynamics
By Material : Organic Agents and Inorganic Agents.
By Type : Water-based and Solvent-based.
By Application : Residential and Commercial.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Concrete Surface Retarders Market – Geographical Analysis
European region heading with the technological developments in residential buildings construction would retain its dominance over the global concrete surface retarders market throughout the forecast period. Furthermore, rapidly increasing residential buildings construction projects across countries such as Germany, the UK, Italy, and France are expected to help the region to grow at a sustainable growth rate.
Additionally, growing investments by the public and private sector for infrastructural construction projects are expected to create lucrative opportunities in the overall European concrete surface retarders market. Moreover, augmented demand for the product, backed by the increasing expenditure in innovation and growing purchasing power of consumers in the region drives the regional market.
The concrete surface retarders market in North America and Asia Pacific region are anticipated to exhibit sustainable growth rates over the forecast period, in terms of both value and volume.
In North America, the concrete surface retarders market is growing constantly owing to the high consumption potential, increasing production capacities, and the well-developed economy. The US accounts for the key contributor to the growth of the regional market and is expected to perceive significantly augmenting demand for the product during the review period.
Whereas, the Asia Pacific concrete surface retarders market is expanding rapidly in the global market. Factors such as the rapid urbanizations alongside the robust investments in commercial as well as residential construction projects in the emerging economies such as China and India are impacting the growth of the regional market significantly.
Moreover, the booming construction industry alongside the growing population in India, China, and Indonesia attributes to the market growth in the region. Furthermore, factors such as the ample availability of land, raw material, and cost-competitive labor coupled with the favorable development strategies for these additives, sufficing the demand gap for raw materials are encouraging foreign manufacturers to shift their bases to the rapidly growing countries of the APAC.
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Name: Abhishek Sawant
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Organization: Market Research Future
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