The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Concrete Surface Retarders Market.
It was estimated prior to this unanticipated outbreak that the Concrete Surface Retarders Market was expected to grow at a CAGR of 4.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Concrete surface retarders are applied to fresh concrete to chemically retard the set of the surface mortar. They are also known as deactivators. They permit the rest of the concrete to cure normally, without distressing the strength gain or setting rate.
Concrete surface retarders are made of different raw material types, such as organic and inorganic. They are used in different applications such as residential and commercial.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the concrete type, the market is segmented as water-based and solvent-based. The water-based is expected to remain dominant during the forecast period owing to usage of these retarders in various applications, such as artificial stones, concrete cladding, architectural facade elements, and roughing of separating joints.
Based on the application type, the concrete surface retarders market is segmented as residential and commercial. The commercial segment dominated the market, owing to rising public and private investments for infrastructure development in the emerging economies. Growing construction of decks, curbs, bridge sidewalks, facade cladding, ramps, facade cladding is also driving the market.
In terms of regions, Europe is estimated to be the largest as well as fastest growing concrete surface retarders market during the forecast period owing to growing demand for green building structures, supportive government initiatives in the region, and increasing number of new residential construction activities. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Some of the major concrete surface retarders manufacturers are-