Concrete Surface Retarders Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Organic Retarders, Inorganic/Chemical Retarders), By Product Type (Water-Based, Solvent-Based), By Application (Residential, Commercial), And By Geography- Forecasts From 2022 To 2027

The concrete surface retarders market is estimated to witness significant growth with a CAGR of 5.37% and is anticipated to attain a market size of US$1.191 billion by 2030 from US$0.917 billion in 2025.

A ‘retarder’ is a chemical agent that is used to slow down a chemical reaction. Retarders 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 is used to make better designs. It also helps in producing superior finishes for complex structures. These are easy to apply and work effectively in a very limited time.

Moreover, being an environment-friendly material because of its zero volatile organic compounds (VOC), it is widely used nowadays due to the increasing demand for green construction materials, lowering the adverse impact of construction activities.  The market for concrete surface retarders is also growing due to increased demand from modern architecture, as its application provides a better design and an excellent finish. The improvement in developing countries' economic conditions has also supported growth. Implementing regulations promoting green materials is boosting the growth of organic surface retarders in the forecast period.

What are the drivers of the concrete surface retarders market?

• Growing demand in the construction industry

With the growing construction activity worldwide, the market is expected to soar in the forecast period. The main reason is the rising urbanization, especially in the world's developing economies. In addition, with technological advancements, continuous innovations in construction materials to produce products faster and reduce time-to-market are further resulting in increased market growth. For instance, Homes England started 11,530 housing units in England outside of London between April 1 and September 30, 2023, for all programs except GLA (Greater London Authority) programs, whereas housing completion stood at 11,297. Additionally, the Housing Finance Directorate General of the Ministry of Public Works and Public Dwelling is also anticipating that, according to the projection of population growth, Indonesia will require 30 million dwelling units by 2025.

With urbanization, people shifting from rural to urban areas has given rise to certain challenges. Hence, it is becoming necessary for low-income and lower-middle-income countries to withstand these challenges and work towards fulfilling their needs as per the new urban environment to gain sustenance.

Moreover, this resulted in creating a need for new developments to take place, including construction to be carried out in all residential, commercial, and industrial sectors. Several new roads and highways are being built in high demand to facilitate easy movement. In addition, the requirement for better healthcare facilities further allows the concrete surface retarders market to prosper in the forecast period. Moreover, the growing infrastructure spending on novel construction projects, improvement, and repair of existing buildings is further driving the market growth.

• The presence of industry players with several products

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 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, which 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 textures and colorful surfaces for sidewalks, terraces, promenades, and steps. It also holds application in the creation of construction joints. Some of the unique features include Etch retention in temperatures up to 110°Fahrenheit (43°Celsius), color-coded, and available in two strengths: regular and deep. Other retarder products include MasterFinish HC, MasterFinish HV, MasterFinish QD 200, MasterFinish UC, and MasterFinish XR.

The TK Products Construction Coatings products include TK-Concrete Surface Retarder 6000 and TK-Concrete Form Surface Retarder 6100. These retarders are used for applications on horizontal surfaces for creating attractive exposed aggregate finishes, increasing the 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 of surface preparation for later coatings. A separate formula for the vertical surfaces provides a warmer, nature-based look compared to unfaced concrete. The company’s retarders are designed so that new construction looks like a part of the landscape. The retarders are non-toxic, biodegradable, safe for use, easy to apply, and free of odors and VOCs. It dries quickly and provides depth retardation of ¼ inches and 1/8 inches to 3/16 inches.

The concrete surface retarders market challenges:

The concrete surface retarders market faces several challenges, such as fluctuating raw material costs, stringent environmental regulations, intense competition, and technical complexities in product formulation. Moreover, economic downturns and construction slowdowns can affect demand to a great extent. In some regions, there is limited awareness of the benefits and applications of these products, hampering market growth. To overcome these challenges, manufacturers must focus on innovation, environmental sustainability, and strong customer relationships.

The concrete surface retarders market is segmented into five regions worldwide:

Geography-wise, the market of concrete surface retarders is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The significant construction spending of the United States is further augmenting the demand in the North American region. Adding to this, according to the U.S. Department of Commerce, the total construction spending in the United States in July 2024 was US$2,162.7 billion, which was 6.7% higher than that of July 2023, when the spending was US$2,027.4 billion.

The APAC region is projected to be the fastest-growing global concrete surface retarder industry. The growth here is majorly attributed to the presence of a large consumer base with a growing middle-class population. With growing urbanization, the demand for the construction of urban cities is further adding to the 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 significantly in the forecast period.

The concrete surface retarders market is segmented and analyzed as follows:

• By Type
  • Organic Retarders
  • Inorganic/Chemical Retarders
• By Product Type
  • Water-Based
  • Solvent-Based
• By Application
  • Residential
  • Commercial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. CONCRETE SURFACE RETARDERS MARKET BY TYPE

5.1. Introduction

5.2. Organic Retarders

5.3. Inorganic/Chemical Retarders

6. CONCRETE SURFACE RETARDERS MARKET BY PRODUCT TYPE

6.1. Introduction

6.2. Water-Based

6.3. Solvent-Based

7. CONCRETE SURFACE RETARDERS MARKET BY APPLICATION

7.1. Introduction

7.2. Residential

7.3. Commercial

8. CONCRETE SURFACE RETARDERS MARKET BY GEOGRAPHY

8.1. Global Overview

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Rest of South America

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Rest of Europe

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. United Arab Emirates

8.5.3. Rest of the Middle East and Africa

8.6. Asia-Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. BASF Group

10.2. Sika

10.3. MAPEI S.p.A

10.4. GCP Applied Technologies Inc.

10.5. Cemix Products Limited

10.6. W. R. Meadows, Inc.

10.7. RussTech, Inc.

10.8. The Euclid Chemical Company

10.9. Dulux Avista

10.10. Fosroc Inc.

10.11. Tenon Solutions

10.12. Chryso Global

BASF Group

Sika

MAPEI S.p.A

GCP Applied Technologies Inc.

Cemix Products Limited

W. R. Meadows, Inc.

RussTech, Inc.

The Euclid Chemical Company

Dulux Avista

Fosroc Inc.

Tenon Solutions

Chryso Global