Concrete Surface Retarders Market Revenue, Regional & Country Share, Key Factors, Trends & Analysis, To 2028
The global concrete
surface retarders market is forecast to reach USD 105.8 Million
by 2028, according to a new report by Reports and Data. Retarders for concrete
surfaces are used to delay the initial setting time of the concrete up to an hour.
They are generally used in the hot weather conditions to counter the rapid
hardening due to high temperature, thus allowing them time for mixing,
transporting, and placing. Retarders also act as water reducers. The increasing
construction activities across the globe, coupled with the rising population
and changing lifestyles are propelling the growth of the market. Rapid
urbanization will also drive the demand for concrete surface retarders during
the forecast period. The increasing upcoming commercial, industrial, and
residential projects will contribute to the growth of the market throughout the
forecast period.
In 2018, the European market held the
largest market share, and the region is expected to retain its dominance during
the forecast period. North America accounted for the second-largest market
share, followed by Asia Pacific, owing to the increasing construction
activities in the regions. Increasing population in the regions, contribute
directly to the GDP and employment. Investment in infrastructure has also
created job opportunities both directly and indirectly, as these projects had
and will have wide spin-offs into other industries. This led to the application
of surface retarders in the commercial construction sector.
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Further
key findings from the report suggest
- Among the
agent types, organic agents account for a larger market share of ~60% in
the year 2018 and are forecasted to grow further with a CAGR of 4.1%
during the forecast period. Common varieties of organic retarders are
hydroxyl carboxylic acids & their salts, polyhydric alcohols &
their derivatives, sugars, and other carbohydrates. Most of these
retarders typically have hydrophilic active groups, with water-reducing
effects, so they are also known as retarding water-reducing agents.
- The
inorganic agents are anticipated to grow at a rate of 3.2% during the
forecast period. Some examples of inorganic salt retarders include borax,
zinc carbonate & sulfates, zinc chloride, phosphates, and
metaphosphates of iron, copper, & zinc.
- The European
region held the largest market share of ~30% in the year 2018 and is
anticipated to witness a CAGR of 3.0% during the forecast period. Rapid
growth of the construction & infrastructure industry in the region are
majorly escalating the demand for concrete surface retarders. Stringent
environmental norms and policies in the region are also responsible for
the growth of the market. Raw materials of concrete contain cement, which
are produced using recycled waste.
- Key
participants include Adomast
Manufacturing, BASF, Cemex, Chemmasters, Dayton Superior, Fosroc,
Fritz-Pak, GCP Applied Technologies, Interstar Materials, Kingdom
Products, Larsen Building Products, 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.
- The companies
have adopted various strategies, including mergers, acquisitions, and
partnerships to hold ongoing trails and come up with new developments in
the market.
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For this report, Reports and Data have
segmented into the global concrete surface retarders market on the basis of
product type, agent type, end-user, and region:
Product Type
Outlook (Volume, Kilo Tons and Revenue, USD Million; 2018-2028)
- Water-based
- Solvent-based
Agent type
Outlook (Volume, Kilo Tons and Revenue, USD Million; 2018-2028)
- Inorganic Agents
- Organic Agents
End-User Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2018-2028)
- Industrial
- Commercial
- Residential
- Others
The regional analysis covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of
EU)
· Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
· Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
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Competitive Landscape:
The report offers a comprehensive
overview of the competitive landscape of the market to provide an advantage to
the reader. This segment focuses on the initiatives and innovations adopted by
the key players to gain a strong foothold in the market. The report also sheds
light on mergers and acquisitions, joint ventures, collaborations,
partnerships, and agreements, among others, to offer a better understanding of
the market. The report also offers insights into revenue, gross profit margin,
financial standing, market position, product portfolio, and other vital aspects
of each player. The report also includes a thorough SWOT analysis and Porter’s
Five Forces analysis.
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