The concrete surface retarders market is estimated to foresee a significant growth with a CAGR of 4.93% and is anticipated to attain a market size of US$942.172 million in 2025 from US$705.882 million in 2019. A ‘retarder’ is a chemical agent that is used for slowing down a chemical reaction. Retarders are used to prolong the hardening of materials such as wallboard, concrete, and adhesives. Therefore, concrete surface retarders are chemical formulations that impede the mortar at the concrete surface. It used to make better designs. It also helps in producing superior finishing to complex structures. These are easy to apply and work effectively in a very limited time. Moreover, being an environment-friendly material because of zero volatile organic compounds (VOC), it is widely used nowadays due to the increasing demand for green construction materials which lowers the adverse impact of construction activities. The market growth of the concrete surface retarders is also propelled due to the increasing demand from modern architecture since its application gives better design along with an excellent finish. Additionally, the improvement in the economic condition of developing countries has also supported the growth. The presence of regulations for the usage of green materials for encouraging the development of environmentally safe commodities is further augmenting the growth of the organic surface retarders in the forecast period and in the coming years.
On the basis of type, organic retarders are expected to grow with a significant CAGR. This is due to the shift in trend to the adoption of green building materials in the construction industry. Furthermore, with technological advancements, the market is expected to grow at a fast pace in the forecast period and in the upcoming years. The presence of stringent regulations for the promotion of the usage of environmentally safe products is burgeoning market demand. Also, the growing green-building activities worldwide are further poised to fuel the market growth in the forecast period and in the upcoming years.
Geographically, North America and Europe are expected to hold a significant market share due to the early technology adopters. The significant construction spending of the United States is further augmenting the market demand. While the APAC region is projected to be the fastest-growing region in the global concrete surface retarders industry. The growth here is majorly attributed to the presence of a large consumer base with the growing middle-class population. Also, with growing urbanization, the demand for the construction of urban cities is further adding to the market demand. Furthermore, with innovations, the repair and renovation of the old infrastructure in the APAC countries are also providing an opportunity for the market to grow at a significant pace in the forecast period.
The fueling construction industry is increasing the market demand in the forecast period.
With the growing new construction activities worldwide, the market is expected to soar in the forecast period. The main reason is attributed to the growing urbanization, especially in the developing economies of the world. In addition, with the advancements in technology, continuous innovations in the field of construction materials in order to produce products faster and reducing time-to-market are further resulting in increased market growth. With urbanization, the shifting of people from the rural areas to the urban areas gave rise to certain challenges, hence, for low-income and lower-middle-income countries, it is becoming a necessity to withstand these challenges and work towards the fulfillment of their needs as per the new urban environment in order to gain sustenance. Hence, this resulted in creating a need for new developments to take place which include constructions to be carried out in all the sectors, residential, commercial, and industrial. In order to facilitate easy movement, the building of several new roads, and highways are in high demand. In addition, the requirement of better healthcare facilities is further providing an opportunity for the concrete surface retarders market to prosper in the forecast period. Moreover, the growing infrastructure spending on novel construction projects, improvement, and repair of the existing buildings is further driving the market growth.
The presence of industry players with several products is bolstering the growth of the global concrete surface retarders market in the forecast period.
The BASF Group, the pioneer chemical manufacturing company provides a range of concrete surface retarders. The company’s surface retarders help in adding decorative finishing to the horizontal concrete surfaces. These are also used for creating an appropriate bonding surface for other materials or concrete layers. The application of surface retarders includes enhancement of the finishing in the precast or prestressed concrete and increasing the finishing in the cast-in-place concrete. Key products include MasterFinish EA, this is a water-based top surface chemical retarder providing simple, economical ways of exposing concrete aggregates for freshly placed concrete flatwork. These retarders allow for a lineup of textures and colorful surfaces for sidewalks, terraces, promenades, and steps. The retarder also holds application in the creation of construction joints. Some of the unique features include Etch retention in temperatures up to 110 degrees Fahrenheit (43 degrees Celsius), color-coded, and available in two strengths namely regular and deep. Other retarder products include MasterFinish HC, MasterFinish HV, MasterFinish QD 200, MasterFinish UC, and MasterFinish XR.
The company, TK Products Construction Coatings, products include TK-Concrete Surface Retarder 6000, and TK-Concrete Form Surface Retarder 6100. These retarders are used for applications to horizontal surfaces for the creation of attractive exposed aggregate finish increasing resistance of the existing surfaces to traffic, weather, and skidding. Furthermore, this will help in improving pedestrian and vehicle traction and will eliminate the cost and labor in surface preparation for later coatings. A separate formula for the vertical surfaces provides a warmer and nature-based look in comparison to that of unfaced concrete. The company’s retarders are designed in a way that a new construction looks like a part of the landscape. The retarders are non-toxic, bio-degradable, safe for use, easy for application, odor, and VOC-free. Also, it dries quickly and provides depth retardation of ¼ inches and 1/8 inches to 3/16 inches.
Frequently Asked Questions (FAQs)