Concrete surface retarders market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Concrete surface retarders are the materials that are commonly used to reduce the time for settling process chemically on fresh concrete. These products do not affect the settling rate of the cement that is underlying.  The concrete surface retarders are simple to apply and work effectively in a short span of time. The concrete surface retarders are classified into two types that are water-based and solvent-based. These products have zero volatile organic compound (VOC) content in them which makes them eco-friendly. Also, the concrete surface retarders are a cost-effective solution for the removal of uneven concrete surfaces. These features of concrete surface retarders provide superior finish and better designs to complex structures.

COVID-19 Scenario analysis:

• Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export throughout the globe.
• Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
• Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
• Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
• The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
• Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.
• Therefore, the concrete surface retarders market is expected to be negatively affected in 2020.

Drivers, restraints, and opportunities

Escalating demand for concrete surface retarders for residential and non-residential applications is a major factor that is expected to drive the growth of the concrete surface retarders in the upcoming years. Also, the wide range of applications of concrete surface retarders like better finish and better design for complex structures is another factor that can propel the growth of the market. In addition, due to absence of volatile organic compounds (VOCs), an increasing demand for concrete surface retarders for green buildings can be seen soon that can fuel the growth of the concrete surface retarders market. However, lack of awareness about concrete surface retarders is a factor that is limiting the growth of the concrete surface retarders market. Moreover, rising demand for modern architecture supported with huge investments for public infrastructure by governments of different countries can provide lucrative growth opportunities for the concrete surface retarders market during the forecast period. 

Trends in concrete surface retarders market

Rise in construction activities

The construction industry faced a severe downfall during the global recession in 2008, thereafter the construction industry is witnessing a steady positive growth worldwide. Countries like China and the U.S. are experiencing massive construction activity lately. In 2018, the number of new skyscrapers that were built in China were 76 and 10 in the U.S that shows the humongous construction activity in these countries. Besides, construction industry is also booming in emerging countries. For instance, the government of India introduced the “Make in India” program to encourage new construction projects in India. Notable growth in the construction industry in developed and developing countries can create a promising future for the growth of the concrete surface retarders market.

Growing demand for green buildings

The construction industry worldwide has been witnessing new technological advancements, techniques, and product developments lately. With the support of the government implemented stringent regulations for environmental safety, new eco-friendly technologies are emerging lately. For instance, one of the fast-growing technology in the construction industry is Green Building technology. The green building technology is the implementation of design in buildings, commercial spaces, and structures that are resource-efficient and environmental friendly throughout the structure’s life cycle. Green buildings are made up of sustainable materials like bamboo, rubber, recycled glass, and more. Besides, green building technology is not only eco-friendly but also very cost-efficient by saving energy consumption. These factors are helping in propelling the demand for green buildings. A growth in demand for green buildings that can reduce the ill effects of construction activities on environment can eventually result in the positive growth of the concrete surface retarders market. 

Key benefits of the report:

• This study represents the analytical representation of the global concrete surface retarders market combined with the ongoing trends and future predictions to determine investment opportunities.
• The present market is thoroughly analyzed from 2019 to 2027 to enlighten the concrete surface retarders market growth.
• The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global concrete surface retarders market.
• Segmentation details of the global concrete surface retarders market.
• The report gives a comprehensive global concrete surface retarders market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 

 Key Market Segments & Key Market Players