[121 Pages Report] The concrete surface retarders market was valued at USD 70.0 million in 2017 and is projected to reach USD 89.4 million by 2023, at a CAGR of 4.2% from 2018 to 2023.

1. MarketsandMarkets™
Presents
Concrete Surface Retarders
Market by Raw Material,
Type, Application & Region
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2. Concrete Surface Retarders Market worth $89.4 million by 2023
The report "Concrete Surface Retarders Market by Raw Material
(Organic Agents and Inorganic Agents), Type (Water-based and
Solvent-based), Application (Residential and Commercial), and
Region (North America, Europe, Asia Pacific) - Global Forecast to
2023", The concrete surface retarders market is projected to grow
from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a
CAGR of 4.2% between 2018 and 2023. Increase in urban
population, demand for green buildings, and growth in
infrastructure and industrialization are the main growth drivers of
the concrete surface retarders market. Other factors, such as
increasing disposable income of people in developing countries
and changing preferences of end-users for aesthetically appealing
buildings also drive the market’s growth.
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3. Concrete Surface Retarders Market worth $89.4 million by 2023
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83 data tables
31 figures
121 pages and in-depth TOC on “Concrete Surface Retarders Market”
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[121 Pages Report] The concrete surface retarders market was valued at USD 70.0 million
in 2017 and is projected to reach USD 89.4 million by 2023, at a CAGR of 4.2% from 2018
to 2023.
Report Price :
Single User License : US $ 5650
Corporate User License : US $ 8150
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4. Concrete Surface Retarders Market worth $89.4 million by 2023
The organic agents segment is projected to gain maximum
traction during the forecast period.
Based on raw material, the organic agents segment is estimated
to dominate the market in 2018 and is also projected to grow at a
higher rate than the inorganic agents segment over the next five
years. The main factors attributed to the dominance and higher
growth rate of organic agents include their wide range of
applications in vertical & horizontal concrete surfaces and cost
benefits as compared to inorganic agents.
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5. Concrete Surface Retarders Market worth $89.4 million by 2023
The water-based segment is projected to gain maximum traction
during the forecast period.
Based on type, the water-based segment is estimated to
dominate the market in 2018, and this trend is projected to
continue during the forecast period. Water-based retarders are
eco-friendly, non-hazardous, and odorless. The usage of these
retarders is also supported by various regional regulatory bodies
due to their lower VOC content as compared to the solvent-based
retarders. Water-based retarders can be safely applied on
outdoor and low ventilation areas.
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6. Concrete Surface Retarders Market worth $89.4 million by 2023
The commercial segment is estimated to dominate the market, in
terms of value, through 2023.
Based on application, the commercial segment is estimated to dominate
the market in 2018 and is also projected to grow at a higher rate than
the residential segment during the forecast period, in terms of both
value and volume. The growth of the commercial segment can be
attributed to rapid industrialization and rising public & private
investments for infrastructure development in the emerging economies
of Asia Pacific, the Middle East, and South America. Concrete surface
retarders are widely used in commercial applications, such as bridge
decks, sidewalks, curbs, ramps, facade cladding, and concrete segment
joints.
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7. Concrete Surface Retarders Market worth $89.4 million by 2023
The European region accounted for the largest share of the concrete
surface retarders market.
Europe contributes a major share to the global concrete surface
retarders market. Factors such as increasing new residential
construction activities, growing demand for green building structures,
and supportive government initiatives are expected to drive the market
for concrete surface retarders in Europe. Increasing demand for new
residential units in urban areas, coupled with subsequent private and
public sector investments in residential and infrastructural construction
projects, is also expected to create growth opportunities for the
concrete surface retarders market in the region.
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8. Concrete Surface Retarders Market worth $89.4 million by 2023
The global concrete surface retarders market is dominated by
players such as Sika (Switzerland), BASF (Germany), MAPEI (Italy),
GCP Applied Technologies (US), CEMEX (Mexico), W. R. Meadows
(US), The Euclid Chemical Company (US), RussTech (US), Fosroc
(UAE), and Parchem Construction Supplies (Australia).
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9. Concrete Surface Retarders Market worth $89.4 million by 2023
Market Industry Leaders :
Concrete surface retarders are chemical formulations that delay or retard the
setting rate of the top surface (or mortar) of a freshly poured concrete. The
top surface paste is removed later by various processes, such as pressure
washing and hosing, to give an exposed aggregate finish to the concrete
surface. The concrete surface retarders market is expected to be influenced by
the growth trends in the construction industry. MarketsandMarkets projects
the concrete surface retarders market to grow from USD 72.7 million in 2018
to USD 89.4 million by 2023, at a CAGR of 4.23% from 2018 to 2023. Factors
such as increasing urban population, rising infrastructural investments, and
growing demand for green buildings have propelled the growth of the global
concrete surface retarders market. However, lack of awareness and varying
government regulations across regions act as a challenge to the growth of the
global concrete surface retarders market.
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10. Concrete Surface Retarders Market worth $89.4 million by 2023
The key players in the concrete surface retarders market include
Sika (Switzerland), BASF (Germany), MAPEI (Italy), GCP Applied
Technologies (US), CEMEX (Mexico), W. R. Meadows (US), The
Euclid Chemical Company (US), RussTech (US), Fosroc (UAE), and
Parchem Construction Supplies (Australia). Developmental
strategies adopted by the leading market players include
acquisitions, expansions, divestments, and joint ventures.
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11. Concrete Surface Retarders Market worth $89.4 million by 2023
Sika is a specialty chemicals company and a leading developer & manufacturer
of products and systems for sealing, bonding, reinforcing, protecting, and
sound damping in the construction and automotive sectors. Its expertise in the
construction industry and wide presence across the globe help strengthen its
position in the global concrete surface retarders market. Sika’s constant
adoption of the acquisition and expansion strategies further enhances its
global presence and strengthens its production capacity. In June 2018, Sika
opened a production plant in Saudi Arabia for concrete admixtures, in order to
strengthen its foothold in the Middle East. This expansion is expected to help
the company increase its production capacity and optimize logistics by
reducing the transportation costs incurred in serving the neighboring markets
around the Persian Gulf. In April 2018, Sika also expanded its presence in
Senegal, Africa by opening a concrete admixture factory. This expansion is
expected to help the company increase its presence in the growing economy
of Senegal and serve customers in West Africa.
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12. Concrete Surface Retarders Market worth $89.4 million by 2023
BASF is one of the largest chemical manufacturing companies in the
world. A leading supplier of construction chemicals, the company
consistently focuses on providing innovative technologies and products
to the construction market. The company has a strong regional
presence with about 347 production sites operating in more than 80
countries across the globe. The company has a broad portfolio of
products that serve about 130,000 customers from different sectors. Its
broad range of concrete surface retarders serves the horizontal and
vertical concrete surface applications. In May 2018, BASF inaugurated
its first production plant in Yangon, Myanmar. This expansion is
expected to serve the increasing demand for high quality, tailor-made
concrete admixtures from the growing residential, industrial, and
infrastructure construction sectors in Myanmar.
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13. Concrete Surface Retarders Market worth $89.4 million by 2023
New Revenue Pockets :
The commercial application segment is projected to grow at a higher rate in
the concrete surface retarders market.
Increasing disposable income in developing countries, rapid urbanization, and
increasing investments in infrastructure are some of the factors driving the
concrete surface retarders market growth. Based on application, the
commercial segment is estimated to account for a large share of the concrete
surface retarders market in 2018. This segment is also projected to grow at a
higher rate than the residential segment during the forecast period. The
commercial market of concrete surface retarders is driven by the economic
growth in developing countries, such as China, India, and Brazil. There is a high
demand for concrete surface retarders from the commercial sector owing to
their increasing use in transportation structures, bridge decks, sidewalks,
curbs, and concrete segment joints, among others.
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14. Concrete Surface Retarders Market worth $89.4 million by 2023
MarketsandMarkets projects the concrete surface retarders
market to grow from USD 72.7 million in 2018 to USD 89.4 million
by 2023, at a CAGR of 4.2% from 2018 to 2023.
Based on raw material, the organic agents segment is projected
to grow at a higher rate than the inorganic agents segment from
2018 to 2023. The growing demand for organic agents is
attributed to their wide range of applications (in vertical and
horizontal concrete surfaces) and cost benefits.
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15. Concrete Surface Retarders Market worth $89.4 million by 2023
On the basis of type, the concrete surface retarders market has
been segmented into water-based and solvent-based. The
solvent-based segment is projected to grow at a higher rate
during the forecast period, owing to the usage of solvent-based
retarders in various applications, such as architectural facade
elements, artificial stones, roughing of separating joints, and
concrete cladding, among other applications. The growth can be
further attributed to the abrasion-resistant and slip-resistant
properties of solvent-based retarders.
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16. Concrete Surface Retarders Market worth $89.4 million by 2023
Europe is projected to be the fastest-growing region in the
concrete surface retarders market. In terms of growth rate,
Europe was followed by North America. The growth of the market
in Europe is expected to be driven by the increasing number of
new residential construction activities, growing demand for green
building structures, and supportive government initiatives.
Increasing demand for new residential units in urban areas,
coupled with subsequent private and public sector investments in
residential and infrastructural construction projects, is also
expected to create growth opportunities for the concrete surface
retarders market in the region.
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17. Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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18. Thank You !
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