Market Size of Concrete Surface Retarders Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 3.97 Billion |
| Market Size (2029) | USD 5.19 Billion |
| CAGR (2024 - 2029) | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Concrete Surface Retarders Market Analysis
The Concrete Surface Retarders Market size is estimated at USD 3.97 billion in 2024, and is expected to reach USD 5.19 billion by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).
- The market was affected negatively by the COVID-19 outbreak in 2020. However, with the resumption of operations in major end-user industries, it recovered significantly in 2021 and 2022. Furthermore, the market is projected to grow steadily in the forecast period owing to global growth in the construction sector.
- The increasing infrastructure development projects and growing commercial construction are driving the demand for concrete surface retarders.
- On the flip side, high raw material costs are likely to hinder the growth of the market.
- Water-based concrete surface retarders are forecasted to dominate the market studied over the forecast period.
- The Asia-Pacific region is the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
