Market Overview

The concrete surface retarders market is projected to grow at a CAGR of 4.2%

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The concrete surface retarders market is projected to grow at a CAGR of 4.2%

PR Newswire

LONDON, Sept. 12, 2018 /PRNewswire/ -- The concrete surface retarders market is projected to grow at a CAGR of 4.2%.
The concrete surface retarders market is projected to grow at a CAGR of 4.2% from 2018 to 2023, reaching USD 89.4 million by 2023 from an estimated USD 72.7 million in 2018. The growth of this market is propelled by factors such as increasing urban population, demand for green buildings, and growth in infrastructure and industrialization. Improvement in the economic condition of developing countries is expected to drive infrastructure growth, subsequently increasing the demand for concrete surface retarders in various applications, such as bridge decks, sidewalks, curbs, ramps, facade cladding, and concrete segment joints.

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The commercial segment is projected to witness a higher growth rate during the forecast period.
Based on application, the commercial segment is projected to grow at a higher rate than the residential segment due to rising public and private investments for infrastructure development in the emerging economies of Asia Pacific, the Middle East, and South America. The higher growth is also supported by the usage of concrete surface retarders in commercial construction, in bridge decks, sidewalks, curbs, ramps, facade cladding, and concrete segment joints, among others.

Europe is projected to be the largest market for concrete surface retarders during the forecast period.
Europe is projected to be to be the largest market between 2018 and 2023.Acceptance of new technologies in the infrastructure sector for a decorative finish, coupled with the growing commercial sector, is expected to drive the concrete surface retarders market growth in this region.

The other factors driving the growth of the market in Europe include an increasing number of new residential construction activities, growing demand for green building structures, and supportive government initiatives.Factors such as high quality of building components and government regulations are fueling the growth of the market for concrete surface retarders in the North American region.

In Asia Pacific, the growth of the market is attributed to increasing population, rising disposable income, and an increase in investments in the residential and commercial sectors.

Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the concrete surface retarders market.Estimates reached after analyzing secondary sources were validated through these interviews.

Primary sources included professionals such as concrete surface retarders manufacturers, raw material providers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation: C-level Executives – 35%, Directors – 30%, and Others* – 35%
• By Region: North America – 25%, Europe – 20%, Asia Pacific – 45%, and RoW** – 10%
*Others include sales managers, marketing managers, and product managers.
**RoW includes the Middle East & Africa and South America.
The tier of the companies is defined on the basis of their total revenues, as of 2017.

Tier 1: Revenue > USD 500 Million

Tier 2: Revenue between USD 100 and 500 Million

Tier 3: Revenue < USD 100 Million
The various key players profiled in the report are as follows:
• 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)
• Parchem Construction Supplies (Australia)

Research Coverage
The primary objective of this study is to define, forecast, and segment the concrete surface retarders market on the basis of raw material, type, application, and region.The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market.

It also provides detailed information about the key market dynamics that include drivers, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as acquisitions, expansions, divestments, and joint ventures in the concrete surface retarders market.

Reasons to buy the report

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the concrete surface retarders market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
• The report helps stakeholders to understand the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
• This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes a ranking of the top five players in the concrete surface retarders market.

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