Concrete Surface Retarders Market - Commercial Application Segment is Projected to Grow at a Higher Rate

The report "Concrete Surface Retarders Market by Raw Material (Organic Agents and Inorganic Agents), Type (Water-based and Solvent-based), Application (Residential and Commercial), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", The concrete surface retarders market is projected to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% between 2018 and 2023. Increase in urban population, demand for green buildings, and growth in infrastructure and industrialization are the main growth drivers of the concrete surface retarders market. Other factors, such as increasing disposable income of people in developing countries and changing preferences of end-users for aesthetically appealing buildings also drive the market’s growth.

Download FREE PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250702299

Browse 83 market data Tables and 31 Figures spread through 121 Pages and in-depth TOC on "Concrete Surface Retarders Market"

Concrete surface retarders are chemical formulations that delay or retard the setting rate of the top surface (or mortar) of a freshly poured concrete. The top surface paste is removed later by various processes, such as pressure washing and hosing, to give an exposed aggregate finish to the concrete surface. The concrete surface retarders market is expected to be influenced by the growth trends in the construction industry. MarketsandMarkets projects the concrete surface retarders market to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.23% from 2018 to 2023. Factors such as increasing urban population, rising infrastructural investments, and growing demand for green buildings have propelled the growth of the global concrete surface retarders market. However, lack of awareness and varying government regulations across regions act as a challenge to the growth of the global concrete surface retarders market.

Request Sample Pages of this Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=250702299

The key players in the concrete surface retarders market include Sika (Switzerland), BASF (Germany), MAPEI (Italy), GCP Applied Technologies (US), CEMEX (Mexico), W. R. Meadows (US), The Euclid Chemical Company (US), RussTech (US), Fosroc (UAE), and Parchem Construction Supplies (Australia). Developmental strategies adopted by the leading market players include acquisitions, expansions, divestments, and joint ventures.

Sika is a specialty chemicals company and a leading developer & manufacturer of products and systems for sealing, bonding, reinforcing, protecting, and sound damping in the construction and automotive sectors. Its expertise in the construction industry and wide presence across the globe help strengthen its position in the global concrete surface retarders market. Sika’s constant adoption of the acquisition and expansion strategies further enhances its global presence and strengthens its production capacity. In June 2018, Sika opened a production plant in Saudi Arabia for concrete admixtures, in order to strengthen its foothold in the Middle East. This expansion is expected to help the company increase its production capacity and optimize logistics by reducing the transportation costs incurred in serving the neighboring markets around the Persian Gulf. In April 2018, Sika also expanded its presence in Senegal, Africa by opening a concrete admixture factory. This expansion is expected to help the company increase its presence in the growing economy of Senegal and serve customers in West Africa.

BASF is one of the largest chemical manufacturing companies in the world. A leading supplier of construction chemicals, the company consistently focuses on providing innovative technologies and products to the construction market. The company has a strong regional presence with about 347 production sites operating in more than 80 countries across the globe. The company has a broad portfolio of products that serve about 130,000 customers from different sectors. Its broad range of concrete surface retarders serves the horizontal and vertical concrete surface applications. In May 2018, BASF inaugurated its first production plant in Yangon, Myanmar. This expansion is expected to serve the increasing demand for high quality, tailor-made concrete admixtures from the growing residential, industrial, and infrastructure construction sectors in Myanmar.

The commercial application segment is projected to grow at a higher rate in the concrete surface retarders market.

Increasing disposable income in developing countries, rapid urbanization, and increasing investments in infrastructure are some of the factors driving the concrete surface retarders market growth. Based on application, the commercial segment is estimated to account for a large share of the concrete surface retarders market in 2018. This segment is also projected to grow at a higher rate than the residential segment during the forecast period. The commercial market of concrete surface retarders is driven by the economic growth in developing countries, such as China, India, and Brazil. There is a high demand for concrete surface retarders from the commercial sector owing to their increasing use in transportation structures, bridge decks, sidewalks, curbs, and concrete segment joints, among others.

MarketsandMarkets projects the concrete surface retarders market to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% from 2018 to 2023.

Based on raw material, the organic agents segment is projected to grow at a higher rate than the inorganic agents segment from 2018 to 2023. The growing demand for organic agents is attributed to their wide range of applications (in vertical and horizontal concrete surfaces) and cost benefits.

On the basis of type, the concrete surface retarders market has been segmented into water-based and solvent-based. The solvent-based segment is projected to grow at a higher rate during the forecast period, owing to the usage of solvent-based retarders in various applications, such as architectural facade elements, artificial stones, roughing of separating joints, and concrete cladding, among other applications. The growth can be further attributed to the abrasion-resistant and slip-resistant properties of solvent-based retarders.

Europe is projected to be the fastest-growing region in the concrete surface retarders market. In terms of growth rate, Europe was followed by North America. The growth of the market in Europe is expected to be driven by the increasing number of new residential construction activities, growing demand for green building structures, and supportive government initiatives. Increasing demand for new residential units in urban areas, coupled with subsequent private and public sector investments in residential and infrastructural construction projects, is also expected to create growth opportunities for the concrete surface retarders market in the region.

Residential Sector is Estimated to Play a Key Role in the Insulated Concrete Form Market

The report "Insulated Concrete Form Market by Type (Flat, Grid (Screen, and Waffle), and Post & Lintel Systems), Material (Expanded polystyrene Foam, Polyurethane Foam), End-Use Industry (Residential, and Non-residential), and Region - Global Forecast to 2023", The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023. The growth of the insulated concrete form market can be attributed to the increase in demand for new constructions due to rapid urbanization and industrialization, coupled with large-scale investments in the residential sector. The rising number of construction activities in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction techniques, thereby creating growth opportunities for the insulated concrete form market.

Download FREE PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=241701346

                                    
Browse 77 market data Tables and 30 Figures spread through 117 Pages and in-depth TOC on "Insulated Concrete Form Market"

Insulated Concrete Form (ICF) is a system of formwork for reinforced concrete, which is made with a rigid thermal insulation material that stays in place as a permanent interior and exterior substrate for walls, floors, and roofs. Insulated concrete foam blocks or panels are made of expanded polystyrene or other insulating foam, which are stacked to form a building’s wall. It sandwiches a heavy, high-strength material between 2 layers of light and highly insulated foam such as drywall and provides properties such as air-tightness, strength, sound attenuation, and insulation to the structure. This advanced building technology is widely used in the construction of residential and non-residential buildings. The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% during the forecast period. The increase in demand for insulated concrete form from residential buildings is driving the growth of the insulated concrete form market.

Request Sample Pages of this Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=241701346

Key players operating in the insulated concrete form market include NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), AMVIC (Canada), Fox Blocks (US), BASF (Germany), LOGIX Insulated Concrete Forms (UK), ConForm Global (US), KORE (Ireland), Polycrete International (Canada), LiteForm (US), Sunbloc (UK), Rastra (US), SuperForm Products (Denmark), Durisol (Australia), and Beco Products (UK). Fox Blocks adopted the strategy of partnerships to expand its regional presence and increase its market share.

Companies such as NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), and AMVIC (Canada) have adopted organic growth strategies to expand their product & service portfolios and enhance their growth prospects in the insulated concrete form market.

Fox Blocks (US) focuses on maintaining its presence throughout the construction value chain through urban planning, property development, and financial engineering. The company designs and manufactures insulated concrete form products, which offer superior strength and excellent sound protection to buildings and maintain air quality inside them. In May 2018, Fox Blocks entered into a strategic partnership with Helix Steel (US) to offer an ideal solution for reinforcing concrete. Helix Steel Twisted Steel Micro Rebar (TSMR) is a 3-dimensional concrete reinforcement solution, which has international accreditations and approvals covering 99 countries. This partnership is expected to enable Fox Blocks to offer products and solutions with added strength, resiliency, and durability while considering the construction schedules of its customers, along with accomplishing its sustainability objectives.

BASF is a diversified chemical company, which offers chemicals, plastic products, functional solutions, performance products, and agricultural solutions. The company’s business is supported by an extensive marketing and distribution network. BASF is one of the leading companies in the insulated concrete form market, in terms of revenue generation. It offers products and services for a number of applications in various industries.

The residential sector is estimated to play a key role in the insulated concrete form market.

The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023. The construction industry witnessed a significant change with the introduction of insulated concrete form as an energy-efficient, eco-friendly, highly durable, impact resistant, and sound & fireproof material with excellent insulating properties. Insulated concrete form finds its application in roofs, floors, and wall construction. Changing lifestyles, growing urbanization trend, and increasing demand for energy-efficient and eco-friendly residential and non-residential buildings have forced architects and engineers to innovate the design of concrete structures suited for various applications and requirements. Lack of awareness regarding latest technologies in emerging economies is acting as a key challenge to the growth of the insulated concrete form market.

Based on material, the insulated concrete form market has been segmented into expanded polystyrene foam, polyurethane foam, and others (that include cement-bonded wood fiber and cellular concrete). The shifting interest of contractors and builders toward the insulated concrete form method is driving the growth of the insulated concrete form market. Factors such as lightweight, rigid, closed cell insulation, moisture resistance, durability, acoustic absorption, and low thermal conductivity are contributing to the increased consumption of extruded polystyrene foam. This material provides high compressive strength to withstand load and back-fill forces. It is increasingly used in insulated concrete form due to its closed cell structure, which causes minimal water absorption and low vapor permanence. Expanded polystyrene foam is used as a construction material to provide insulation for walls, foundation, and roofs.

Based on end-use industry, the residential segment of the insulated concrete form market is projected to grow at the highest CAGR during the forecast period. The growth of the residential end-use industry segment can be attributed to rapid urbanization, primarily driven by the surge in demand for new residential constructions worldwide. In addition, the increasing demand for energy-efficient and durable residential spaces is also contributing to the growth of the residential end-use industry segment of the insulated concrete form market.

North America accounted for the largest share of the insulated concrete form market in 2017. The increasing number of new housing units and rising investments in public and private sectors are key factors projected to drive the growth of the insulated concrete form in North America.