Concrete Surface Retarders Market Size (2024 - 2029)

The Concrete Surface Retarders Market is anticipated to experience significant growth during the forecast period, driven by the expansion of the construction sector and increasing infrastructure development projects. Despite the challenges posed by high raw material costs, the market is expected to recover and grow steadily, with water-based products leading the market. The Asia-Pacific region is projected to be the largest and fastest-growing area, fueled by rising demand in countries like China, India, and Japan.

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Market Size of Concrete Surface Retarders Industry

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Concrete Surface Retarders Market Summary
Study Period 2019-2029
Market Size (2024) USD 3.97 Billion
Market Size (2029) USD 5.19 Billion
CAGR (2024 - 2029) 5.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Concrete Surface Retarders Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Concrete Surface Retarders Market Analysis

The Concrete Surface Retarders Market size is estimated at USD 3.97 billion in 2024, and is expected to reach USD 5.19 billion by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).

  • The market was affected negatively by the COVID-19 outbreak in 2020. However, with the resumption of operations in major end-user industries, it recovered significantly in 2021 and 2022. Furthermore, the market is projected to grow steadily in the forecast period owing to global growth in the construction sector.
  • The increasing infrastructure development projects and growing commercial construction are driving the demand for concrete surface retarders.
  • On the flip side, high raw material costs are likely to hinder the growth of the market.
  • Water-based concrete surface retarders are forecasted to dominate the market studied over the forecast period.
  • The Asia-Pacific region is the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Concrete Surface Retarders Industry Segmentation

Concrete surface retarders are the chemical substances used in the construction industry to delay the setting time of the concrete by expanding the dormant period of the hydration of the cement paste. These retarders offer various advantages to concrete surfaces, including structural integrity, slip resistance, and aesthetic appeal.

The concrete surface retarders market is segmented by raw materials, product type, applications, and geography. By raw material, the market is segmented into organic and inorganic. By product type, the market is segmented into water-based and solvent-based. By application, the market is segmented into residential, commercial, infrastructure, and other applications (institutional, industrial, etc). The report also covers the market size and forecasts for the concrete surface retarders market in 15 countries across major regions. 

Each segment's market sizing and forecasts are based on value (USD).

Raw Materials
Organic
Inorganic
Product Type
Water-based
Solvent-based
Application
Residential
Commercial
Infrastructure
Other Applications (Institutional, industrial, etc)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Concrete Surface Retarders Market Size Summary

The concrete surface retarders market is poised for significant growth, driven by the resurgence of the construction sector post-COVID-19. The market is experiencing a steady recovery, with increasing demand fueled by infrastructure development and commercial construction projects worldwide. The Asia-Pacific region stands out as the largest and fastest-growing market, propelled by substantial construction activities in countries like China, India, and Japan. The preference for water-based concrete surface retarders is on the rise due to their eco-friendly properties and lower VOC content, aligning with global environmental regulations. Despite challenges such as high raw material costs, the market is expected to expand as these retarders are integral to producing exposed aggregate concrete finishes and are favored for their ease of use and effectiveness in various construction applications.

The demand for concrete surface retarders is further bolstered by the growing residential construction and renovation activities, particularly in developing regions. In China, massive urbanization and commercial building expansions are driving the market, while India is set to witness significant investments in housing, enhancing the demand for construction chemicals. The United States and Europe are also experiencing a rebound in commercial construction, with new projects and investments contributing to market growth. The market is characterized by a consolidated landscape, with key players like Sika AG, RussTech, Inc., and W. R. Meadows, Inc. leading the charge. These companies are actively involved in advancing the market through strategic developments and innovations, ensuring a robust competitive environment.

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Concrete Surface Retarders Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Residential and Commercial Construction

      2. 1.1.2 Increasing Government Investment in Infrastructure Development Projects

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Raw Material Cost

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Raw Materials

      1. 2.1.1 Organic

      2. 2.1.2 Inorganic

    2. 2.2 Product Type

      1. 2.2.1 Water-based

      2. 2.2.2 Solvent-based

    3. 2.3 Application

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Infrastructure

      4. 2.3.4 Other Applications (Institutional, industrial, etc)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Concrete Surface Retarders Market Size FAQs

The Concrete Surface Retarders Market size is expected to reach USD 3.97 billion in 2024 and grow at a CAGR of greater than 5.5% to reach USD 5.19 billion by 2029.

In 2024, the Concrete Surface Retarders Market size is expected to reach USD 3.97 billion.

Concrete Surface Retarders Market Report Snapshots

Concrete Surface Retarders Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)