Concrete Surface Retarders Market - By Raw Material (Organic Agents, Inorganic Agents), By Application (Residential Building, Commercial Building), By Product (Solvent-Based, Water-Based) & Global Forecast, 2023 - 2032
Global Concrete Surface Retarders Market will witness commendable growth over 2023-2032.
The escalating demand for decorative and aesthetically appealing concrete surfaces in various construction projects, such as buildings, pavements, and bridges, is driving the adoption of surface retarders. These chemicals allow controlled etching of the concrete surface, creating unique textures and patterns, leading to increased product uptake. Governments across the globe have been implementing sustainable construction practices. For instance, the UK government has set a target of making all new buildings zero-carbon by 2050. In 2022, they launched the Future Homes Standard, which will require all new homes to be more energy-efficient and sustainable.
These initiatives will lead to increased use of surface retarders to minimize waste and achieve eco-friendly concrete finishes, which, in consequence, will stimulate product demand. This apart, the rise in urbanization and infrastructure development projects worldwide is fueling the need for high-quality and visually appealing concrete surfaces, contributing to market expansion.
The overall concrete surface retarders market share is segregated based on raw material, application, product, and region.
Regarding the raw material, the business outlook from the organic agents segment will strengthen over 2023-2032. Concrete surface retarders made of organic agents are becoming popular due to their eco-friendly and sustainable attributes. As environmental concerns rise, construction industries seek greener alternatives. Organic retarders offer a safe, biodegradable option that doesn't harm the environment or pose health risks to workers. Additionally, their ability to produce precise and intricate surface patterns contributes to their growing popularity among architects and designers for decorative concrete applications.
Based on application, commercial buildings could dominate the application landscape of the concrete surface retarders industry over 2023-2032. Concrete surface retarders can enhance the aesthetic appeal of concrete surfaces, thus, gaining popularity in commercial applications. With increasing emphasis on modern and visually appealing designs, commercial spaces are opting for decorative concrete finishes. Surface retarders enable precise customization, creating attractive patterns and textures that elevate the overall appearance of these buildings, making them a favored choice among architects and developers.
Regarding the product, solvent-based concrete surface retarders could gain commendable traction through 2032. Due to their efficient performance in various weather conditions, solvent-based concrete surface retarders are becoming increasingly popular. They offer greater control over the depth of surface etching and are highly effective in hot and dry climates, where water-based alternatives may evaporate too quickly. Additionally, solvent-based retarders provide a faster and more predictable concrete curing process, making them a preferred choice for time-sensitive construction projects.
Asia Pacific concrete surface retarders industry will expand at an appreciable CAGR from 2023 to 2032. The sales of concrete surface retarders across the Asia Pacific is rising primarily due to the rapid growth of the construction industry in the region. As countries in the Asia Pacific undergo extensive infrastructure development and urbanization, there is a greater need for decorative and visually appealing concrete surfaces. Surface retarders provide a cost-effective solution to achieve various architectural designs and patterns, driving their popularity in the region.