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.
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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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.
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.
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
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