As the report published by Market Research Future (MRFR) on the global concrete surface retarders market size states, the market is likely to expand at a CAGR of nearly 4.5% and to touch USD 90 million across the forecast years of 2018 to 2023.
Market Insights
The burgeoning construction sector is expected to aid the concrete surface retarders market in gaining global foothold. MRFR reveals that market has great potential to exhibit an expeditious growth in the years to come. Technical advancements, rise in urban population, and expansion of industrial space are causes that are likely to encourage the market growth. Concrete surface retarders are used in the creation of exposed aggregated surface and decorative sidewalks. They are also used for slip-resistant surfaces. The widespread utility of the market is expected to surge the market. The market is expected to capitalize on various advantages of concrete surface retarders. The ability to eliminate sandblasting is it major benefit that is popularizing the product among builders, which, in turn, is expected to impel its market growth. Concrete surface retarders also provide waterproofing surfaces at a lower rate. These factors are expected to boost the market.
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Segmental Overview
The concrete surface retarders market is segmented by type, material, and application.
Based on material, the market is bifurcated into inorganic and organic agents. About 60% share of the market share is occupied by the organic segment, which shows the command of the segment on the market. Changes in The organic agents segment is expected to massively impact the market growth. It is attributed to large-scale application of concrete surface retarders.
By type, the market is divided into solvent-based and water-based. The water-based segment is projected to grow at a high rate. It is due to the growing popularity of water-based concrete surface retarders. The absence of biodegradability and volatile organic compounds (VOCs) in water-based concrete surface retarders are features that are gain attention of builders.
By application, the market is classified into commercial and residential. The commercial segment is anticipated to expand at a high rate. It is due to the expansion of multinational companies that is leading to the rise in need for office spaces. Hence, increase in commercial constructions is expected to escalate the market growth.
Regional Outlook
The Europe concrete surface retarders market is expected to hold a global foothold in the years to come. Technological developments bolstering effective residential buildings construction in countries, such as the UK, Italy, Germany, and France, are expected to surge the regional market. Furthermore, the increase in investment by governments across the world, in development of private and public infrastructure is likely to wind in high profit for the market. The concrete surface retarders market in North America is expected to exhibit sustainable growth across the review period. In Asia Pacific, fourth industrial revolution resulted in expansion of corporate and industrial space. Alongside, the urban populace is also surging. These factors are expected to upscale the APAC market.
Key Players
MRFR enlisted key players of the concrete surface retarders market. They are; BASF SA (Germany), Sika AG (Switzerland), CEMEX S.A.B. de C. V (Mexico), Mapei AS (Italy), The Euclid Chemical Company (US), Parchem Construction Supplies, GCP Applied Technologies (US), Fosroc (UAE), W. R. Meadows (US), and RussTech, Inc. The market is highly competitive, which is expected to intensify in the years to come. Marketers are adopting several strategies that are likely to make the market trend up. Moreover, these key players as they expand global presence are expected to rise the profit margin.
Global Concrete Surface Retarders Market OverviewThe Global Concrete Surface Retarders Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.The valuation for the concrete surface retarders market was USD 73.6 Million in 2018, and it is expected to reach USD 99.4 Million by 2026.This report covers the recent COVID-19 incidence and its impact on Concrete Surface Retarders Market.
: https://www.reportsanddata.com/report-detail/concrete-surface-retarders-marketThe Concrete Surface Retarders market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Leading Players in the Concrete Surface Retarders Market:Adomast Manufacturing, BASF, Cemex, Chemmasters, Dayton Superior, Fosroc, Fritz-Pak, GCP Applied Technologies, Interstar Materials, Kingdom Products, Larsen Building Products, Mapei, Norsekem, Parchem Construction Supplies, Premiere Concrete Admixtures, Prime Exposure, Reckli, Russtech, Sika, TK Products, The Euclid Chemical Company, Thermax, Twin City Concrete Products, and W. R. Meadows, among others.Competitive landscapeThe Concrete Surface Retarders Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.
