Concrete Retarders Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 4.21 Billion |
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Market Size (2030) | USD 5.98 Billion |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 6.04 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Concrete Retarders Market Analysis
The Concrete Retarders Market size is estimated at 4.21 billion USD in 2024, and is expected to reach 5.98 billion USD by 2030, growing at a CAGR of 6.04% during the forecast period (2024-2030).
4.21 Billion
Market Size in 2024 (USD)
5.98 Billion
Market Size in 2030 (USD)
3.71 %
CAGR (2018-2023)
6.04 %
CAGR (2024-2030)
Largest Market by End Use Sector
36.90 %
value share, Residential, 2023
Due to the increasing usage of concrete retarders to build high-quality and durable homes, apartments, etc., coupled with rising residential constructions, the sector holds the largest share of the market.
Fastest Market by End Use Sector
6.62 %
Projected CAGR, Residential, 2024-2030
With the increasing need for concrete with high strength and workability, coupled with the growing usage of concrete in the sector, the residential sector is projected to witness the fastest growth.
Largest Market by Region
30.45 %
value share, Asia-Pacific, 2023
Owing to the growing construction industrial activity in the region coupled with the increasing demand for concrete retarders in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
7.54 %
Projected CAGR, Asia-Pacific, 2024-2030
Owing to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization, Asia-Pacific is expected to witness the fastest growth.
Leading Company
13.62 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Leading countries such as the United States plan to build 11.5 million households between 2025 and 2035, which may drive the concrete retarders demand
- In 2022, the global consumption value of concrete retarders saw a 1.81% growth, driven by rising demand from the infrastructure and residential construction sectors. In 2023, the concrete retarders market was expected to occupy approximately 27.96% of the global concrete admixtures market.
- With a 37.11% share in 2022, the residential sector stood as the largest consumer of concrete retarders. The global new floor area in residential construction is expected to rise by 6.34 billion square feet between 2025 and 2030, propelled by sustained housing demand, increased investments, and supportive government policies. Notably, the United States plans to add 11.5 million households between 2025 and 2035. Consequently, the global demand for concrete retarders in the residential sector is projected to surge by USD 632 million in 2030 compared to 2025.
- Not only is the residential sector the leading consumer, but it is also poised to be the fastest-growing, registering a CAGR of 6.57%. The sector's new floor area is expected to reach 29.27 billion square feet in 2024, up from 28.23 billion square feet in 2023. The push for affordable housing may rejuvenate the residential construction sector. For instance, Germany aims to construct 4.0 thousand new housing units by 2024, while the Malaysian government has plans for around 500 thousand affordable housing units by 2025. Consequently, the global demand for concrete retarders in the residential sector is projected to hit USD 2.28 billion in 2030, up from USD 1.65 billion in 2025.
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Rise in demand for housing units in the Asia-Pacific region is likely to boost the demand for concrete retarders globally
- The global concrete retarders market witnessed a 1.81% growth in value in 2022, surpassing the figures of 2021. Asia-Pacific and Europe emerged as the leading regions, capturing 30.37% and 22.34% of the market's value, respectively. The market was projected to grow by 4.79% in 2023 compared to 2022.
- In 2023, the Asia-Pacific region was poised to solidify its position as the largest consumer of concrete retarders, accounting for 30.45% share of the global market. This surge in demand can be attributed to the region's construction activities, fueled by investments in infrastructure and residential sectors. For instance, projections indicate that by 2030, Asia-Pacific's infrastructure needs will surpass USD 1.74 trillion. Additionally, it is anticipated that over 40% of India's population will reside in urban areas by 2030, translating to a demand for 25 million affordable housing units. Consequently, the value of the region's concrete retarders market is forecasted to surge by 66.77% by 2030 compared to 2023.
- Not only is Asia-Pacific poised to be the dominant consumer of concrete retarders, but it is also expected to witness the highest CAGR of 7.58% in value during the forecast period. This growth is primarily driven by the region's robust demand for concrete retarders in the residential sector. Notably, the region's new residential floor area is projected to expand by 524 million sq. ft between 2023 and 2024. In line with this, the government of Indonesia has set an ambitious target of constructing 1 million housing units by 2025, as the country's housing requirements are expected to reach 30 million units. As a result, the value of the Asia-Pacific concrete retarders market is anticipated to surge from USD 1.20 billion in 2023 to USD 2.01 billion by 2030.
Global Concrete Retarders Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Concrete Retarders Industry Overview
The Concrete Retarders Market is fragmented, with the top five companies occupying 24.80%. The major players in this market are CEMEX, S.A.B. de C.V., MBCC Group, RPM International Inc., Saint-Gobain and Sika AG (sorted alphabetically).
Concrete Retarders Market Leaders
CEMEX, S.A.B. de C.V.
MBCC Group
RPM International Inc.
Saint-Gobain
Sika AG
Other important companies include Fosroc, Inc., Ha-Be Betonchemie GmbH, Jiangsu Subote New Material Co., Ltd., MAPEI S.p.A., MC-Bauchemie.
*Disclaimer: Major Players sorted in alphabetical order.
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Concrete Retarders Market News
- May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.
- March 2023: Sika AG announced its plan to divest its MBCC admixture assets to Cinven, a global private equity firm, as part of its strategy to secure full ownership of MBCC Group.
- March 2023: The Admixture business of Sodamco Qatar WLL was transferred to the management of Saint-Gobain's subsidiary, CHRYSO Gulf LLC, as per the objective to consolidate all of the group’s Concrete Admixtures and Cement Additives businesses under Saint-Gobain Construction Chemicals.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Concrete Retarders Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Region
- 5.2.1 Asia-Pacific
- 5.2.1.1 By Country
- 5.2.1.1.1 Australia
- 5.2.1.1.2 China
- 5.2.1.1.3 India
- 5.2.1.1.4 Indonesia
- 5.2.1.1.5 Japan
- 5.2.1.1.6 Malaysia
- 5.2.1.1.7 South Korea
- 5.2.1.1.8 Thailand
- 5.2.1.1.9 Vietnam
- 5.2.1.1.10 Rest of Asia-Pacific
- 5.2.2 Europe
- 5.2.2.1 By Country
- 5.2.2.1.1 France
- 5.2.2.1.2 Germany
- 5.2.2.1.3 Italy
- 5.2.2.1.4 Russia
- 5.2.2.1.5 Spain
- 5.2.2.1.6 United Kingdom
- 5.2.2.1.7 Rest of Europe
- 5.2.3 Middle East and Africa
- 5.2.3.1 By Country
- 5.2.3.1.1 Saudi Arabia
- 5.2.3.1.2 United Arab Emirates
- 5.2.3.1.3 Rest of Middle East and Africa
- 5.2.4 North America
- 5.2.4.1 By Country
- 5.2.4.1.1 Canada
- 5.2.4.1.2 Mexico
- 5.2.4.1.3 United States
- 5.2.5 South America
- 5.2.5.1 By Country
- 5.2.5.1.1 Argentina
- 5.2.5.1.2 Brazil
- 5.2.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 CEMEX, S.A.B. de C.V.
- 6.4.2 Fosroc, Inc.
- 6.4.3 Ha-Be Betonchemie GmbH
- 6.4.4 Jiangsu Subote New Material Co., Ltd.
- 6.4.5 MAPEI S.p.A.
- 6.4.6 MBCC Group
- 6.4.7 MC-Bauchemie
- 6.4.8 RPM International Inc.
- 6.4.9 Saint-Gobain
- 6.4.10 Sika AG
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 6:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 7:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN COMMERCIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 9:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN COMMERCIAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 10:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 11:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 12:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN INFRASTRUCTURE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 13:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN INFRASTRUCTURE SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 14:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN RESIDENTIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 15:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED IN RESIDENTIAL SECTOR BY REGION, %, GLOBAL, 2018 - 2030
- Figure 16:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY REGION, USD, GLOBAL, 2018 - 2030
- Figure 17:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 20:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, AUSTRALIA, 2018 - 2030
- Figure 21:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 22:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, CHINA, 2018 - 2030
- Figure 23:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 24:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, INDIA, 2018 - 2030
- Figure 25:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 26:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, INDONESIA, 2018 - 2030
- Figure 27:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 28:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, JAPAN, 2018 - 2030
- Figure 29:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 30:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, MALAYSIA, 2018 - 2030
- Figure 31:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 32:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, SOUTH KOREA, 2018 - 2030
- Figure 33:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 34:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, THAILAND, 2018 - 2030
- Figure 35:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 36:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, VIETNAM, 2018 - 2030
- Figure 37:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 38:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 39:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 40:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, USD, EUROPE, 2018 - 2030
- Figure 41:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 42:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, FRANCE, 2018 - 2030
- Figure 43:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 44:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, GERMANY, 2018 - 2030
- Figure 45:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 46:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, ITALY, 2018 - 2030
- Figure 47:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 48:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, RUSSIA, 2018 - 2030
- Figure 49:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 50:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, SPAIN, 2018 - 2030
- Figure 51:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 52:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, UNITED KINGDOM, 2018 - 2030
- Figure 53:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 54:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, REST OF EUROPE, 2018 - 2030
- Figure 55:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 56:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, USD, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 57:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 58:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, SAUDI ARABIA, 2018 - 2030
- Figure 59:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 60:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 61:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 62:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 63:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 64:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2018 - 2030
- Figure 65:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 66:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, CANADA, 2018 - 2030
- Figure 67:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 68:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, MEXICO, 2018 - 2030
- Figure 69:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 70:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, UNITED STATES, 2018 - 2030
- Figure 71:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 72:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
- Figure 73:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 74:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, ARGENTINA, 2018 - 2030
- Figure 75:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 76:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, BRAZIL, 2018 - 2030
- Figure 77:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 78:
- VALUE OF RETARDER CONCRETE ADMIXTURES CONSUMED, USD, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 79:
- VALUE SHARE OF RETARDER CONCRETE ADMIXTURES CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 80:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 81:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 82:
- REVENUE SHARE OF RETARDER CONCRETE ADMIXTURES BY MAJOR PLAYERS, %, GLOBAL, 2022
Concrete Retarders Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In 2022, the global consumption value of concrete retarders saw a 1.81% growth, driven by rising demand from the infrastructure and residential construction sectors. In 2023, the concrete retarders market was expected to occupy approximately 27.96% of the global concrete admixtures market.
- With a 37.11% share in 2022, the residential sector stood as the largest consumer of concrete retarders. The global new floor area in residential construction is expected to rise by 6.34 billion square feet between 2025 and 2030, propelled by sustained housing demand, increased investments, and supportive government policies. Notably, the United States plans to add 11.5 million households between 2025 and 2035. Consequently, the global demand for concrete retarders in the residential sector is projected to surge by USD 632 million in 2030 compared to 2025.
- Not only is the residential sector the leading consumer, but it is also poised to be the fastest-growing, registering a CAGR of 6.57%. The sector's new floor area is expected to reach 29.27 billion square feet in 2024, up from 28.23 billion square feet in 2023. The push for affordable housing may rejuvenate the residential construction sector. For instance, Germany aims to construct 4.0 thousand new housing units by 2024, while the Malaysian government has plans for around 500 thousand affordable housing units by 2025. Consequently, the global demand for concrete retarders in the residential sector is projected to hit USD 2.28 billion in 2030, up from USD 1.65 billion in 2025.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- END-USE SECTOR - Concrete retarder admixtures consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of water-based and solvent-based concrete retarders are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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