Concrete Surface Retarders Market Growth Statistics & Future Prospects by 2031 | At a CAGR of 4.7%

The concrete surface retarders market size was valued at $82.7 million in 2021, and is estimated to reach $131.5 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031. The market for concrete surface retarders is witnessing growth largely owing to increased investments in the development of residential and commercial buildings as well as infrastructure development. In addition, various advantages of concrete surface retarders over other methods of concrete etching such as acid etching, and abrasive blasting are also positively affecting the concrete surface retarders market growth.

Depending on raw material, concrete surface retarders constitute organic agents and inorganic agents. Out of these, the organic agents segment accounted for a larger market share in terms of revenue in 2021. This is attributed to it being relatively environment friendly. Moreover, the inorganic agents segment is expected to grow with a higher CAGR during the forecast period. Furthermore, on the basis of type, the concrete surface retarders market is divided as per the medium that holds the active agents. Thus, by raw material, the market is bifurcated into water-based and solvent-based.

Out of these two segments, the water-based concrete surface retarders segment dominated the concrete surface retarders market in terms of revenue in 2021. This is largely attributed to easy and safe usability of water-based concert surface retarders. Furthermore, solvent-based concrete surface retarders are expected to dominate the concrete surface retarders market forecast by growing with a higher CAGR owing to their quick performance.

Click Here for More Information of this Report @
https://www.alliedmarketresearch.com/request-sample/8240

Moreover, since concrete surface retarders are widely used in residential and commercial buildings, the market is bifurcated on the basis of the application of concrete surface retarders in residential construction and commercial construction. Out of these two segments, the commercial segment accounted for a higher concrete surface retarders market share in terms of revenue in 2021. This is largely attributed to wide-scale usability of concrete surface retarders in commercial buildings. In addition, the residential segment is expected to grow with a higher CAGR during the forecast period.

In 2021, Asia-Pacific dominated the global concrete surface retarders market, in terms of revenue, and the same segment is anticipated to grow with the highest CAGR, owing to increased investments for building development in countries such as India, Vietnam, and China

Countries in Latin America such as Brazil, and Argentina, are developing at a rapid pace, and their potential for growth is very high. Furthermore, countries in Middle East are focusing on the rapid development of infrastructure for boosting their tourism industry. This creates a demand for hotels, resorts, and other tourist accommodations; thereby positively influencing the growth of the construction industry. In addition, South Africa is one of the most developed countries in the African region, with a population growth rate of 1.3% as of 2021. Such key factors offer lucrative growth opportunities for the key players in concrete surface retarders market.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/8240

Top Players:
Competitive analysis and profiles of the major players in the concrete surface retarders, such as Sika AG, BASF SE, MAPEI S.p.A., GCP Applied Technologies Inc., TK Products Construction Coatings, The Euclid Chemical Company, CEMEX S.A.B DE C.V., W. R. Meadows, Inc., RussTech, Inc., and Fosroc, Inc. are provided in this report.

Key findings of the study:

• The report provides an extensive analysis of the current and emerging Concrete surface retarders market trends and dynamics.
• Depending on raw material, the organic agents segment dominated the concrete surface retarders market, in terms of revenue in 2021. Moreover, the inorganic agents segment is expected to dominate the market forecast by growing at a higher CAGR.
• By type, the water based segment accounted for a higher revenue share of the market share in 2021. Furthermore, the solvent based segment is expected to grow with a higher CAGR.
• By application, the commercial segment dominated the concrete surface retarders market, in terms of revenue in 2021; however, the residential segment is anticipated to grow with a higher CAGR during the forecast period.
• Asia-Pacific dominated the concrete surface retarders market share in terms of revenue in 2021, and is projected to register the highest growth rate in the coming years.

Read Full Research Report @ https://www.alliedmarketresearch.com/concrete-surface-retarders-market-A07875

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

This release was published on openPR.