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Impact of Covid-19 Outbreak on Concrete Surface Retarders Market

07.29.2020 · Posted in Writing and Speaking

As the report published by Market Research Future (MRFR) on the global concrete surface retarders market states, the market is likely to expand at a CAGR of nearly 4.5% and to touch USD 90 million across the forecast years of 2018 to 2023.

Market Insights

The burgeoning construction sector is expected to aid the concrete surface retarders market in gaining global foothold. MRFR reveals that market has great potential to exhibit an expeditious growth in the years to come. Technical advancements, rise in urban population, and expansion of industrial space are causes that are likely to encourage the market growth. Concrete surface retarders are used in the creation of exposed aggregated surface and decorative sidewalks. They are also used for slip-resistant surfaces. The widespread utility of the market is expected to surge the market. The market is expected to capitalize on various advantages of concrete surface retarders. The ability to eliminate sandblasting is it major benefit that is popularizing the product among builders, which, in turn, is expected to impel its market growth. Concrete surface retarders also provide waterproofing surfaces at a lower rate. These factors are expected to boost the market.

Segmental Overview

The concrete surface retarders market is segmented by type, material, and application.

Based on material, the market is bifurcated into inorganic and organic agents. About 60% share of the market share is occupied by the organic segment, which shows the command of the segment on the market. Changes in The organic agents segment is expected to massively impact the market growth. It is attributed to large-scale application of concrete surface retarders.

By type, the market is divided into solvent-based and water-based. The water-based segment is projected to grow at a high rate. It is due to the growing popularity of water-based concrete surface retarders. The absence of biodegradability and volatile organic compounds (VOCs) in water-based concrete surface retarders are features that are gain attention of builders.

By application, the market is classified into commercial and residential. The commercial segment is anticipated to expand at a high rate. It is due to the expansion of multinational companies that is leading  to the rise in need for office spaces. Hence, increase in commercial constructions is expected to escalate the market growth.

Regional Outlook

The Europe concrete surface retarders market is expected to hold a global foothold in the years to come. Technological developments bolstering effective residential buildings construction in countries, such as the UK, Italy, Germany, and France, are expected to surge the regional market. Furthermore, the increase in investment by governments across the world, in development of private and public infrastructure is likely to wind in high profit for the market. The concrete surface retarders market in North America is expected to exhibit sustainable growth across the review period. In Asia Pacific, fourth industrial revolution resulted in expansion of corporate and industrial space. Alongside, the urban populace is also surging. These factors are expected to upscale the APAC market.

Key Players

MRFR enlisted key players of the concrete surface retarders market. They are; BASF SA (Germany), Sika AG (Switzerland), CEMEX S.A.B. de C. V (Mexico), Mapei AS (Italy), The Euclid Chemical Company (US), Parchem Construction Supplies, GCP Applied Technologies (US), Fosroc (UAE), W. R. Meadows (US), and RussTech, Inc. The market is highly competitive, which is expected to intensify in the years to come. Marketers are adopting several strategies that are likely to make the market trend up. Moreover, these key players as they expand global presence are expected to rise the profit margin.

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