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Concrete Retarders Market Size

The concrete retarders market is projected to experience significant growth, driven by increasing demand in the infrastructure and residential construction sectors. The market's expansion is particularly notable in the Asia-Pacific region, which is expected to dominate in terms of market size due to its robust construction activities and urbanization trends. The residential sector, being the largest consumer, is anticipated to witness the fastest growth, fueled by the need for affordable housing and supportive government policies. This growth trajectory highlights the rising market size and share of concrete retarders globally, with a strong emphasis on the Asia-Pacific market's potential.

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Market Size of concrete retarders Industry

Concrete Retarders Market Summary
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Icons Lable Value
svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 4.21 Billion
svg icon Market Size (2030) USD 5.98 Billion
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 6.04 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Concrete Retarders Market Analysis

The Concrete Retarders Market size is estimated at 4.21 billion USD in 2024, and is expected to reach 5.98 billion USD by 2030, growing at a CAGR of 6.04% during the forecast period (2024-2030).

4.21 Billion

Market Size in 2024 (USD)

5.98 Billion

Market Size in 2030 (USD)

3.71 %

CAGR (2018-2023)

6.04 %

CAGR (2024-2030)

Largest Market by End Use Sector

36.90 %

value share, Residential, 2023

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Due to the increasing usage of concrete retarders to build high-quality and durable homes, apartments, etc., coupled with rising residential constructions, the sector holds the largest share of the market.

Fastest Market by End Use Sector

6.62 %

Projected CAGR, Residential, 2024-2030

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With the increasing need for concrete with high strength and workability, coupled with the growing usage of concrete in the sector, the residential sector is projected to witness the fastest growth.

Largest Market by Region

30.45 %

value share, Asia-Pacific, 2023

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Owing to the growing construction industrial activity in the region coupled with the increasing demand for concrete retarders in countries like China, India, Japan, and South Korea, the region has dominated the market.

Fastest Market by Region

7.54 %

Projected CAGR, Asia-Pacific, 2024-2030

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Owing to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization, Asia-Pacific is expected to witness the fastest growth.

Leading Company

13.62 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Leading countries such as the United States plan to build 11.5 million households between 2025 and 2035, which may drive the concrete retarders demand

  • In 2022, the global consumption value of concrete retarders saw a 1.81% growth, driven by rising demand from the infrastructure and residential construction sectors. In 2023, the concrete retarders market was expected to occupy approximately 27.96% of the global concrete admixtures market.
  • With a 37.11% share in 2022, the residential sector stood as the largest consumer of concrete retarders. The global new floor area in residential construction is expected to rise by 6.34 billion square feet between 2025 and 2030, propelled by sustained housing demand, increased investments, and supportive government policies. Notably, the United States plans to add 11.5 million households between 2025 and 2035. Consequently, the global demand for concrete retarders in the residential sector is projected to surge by USD 632 million in 2030 compared to 2025.
  • Not only is the residential sector the leading consumer, but it is also poised to be the fastest-growing, registering a CAGR of 6.57%. The sector's new floor area is expected to reach 29.27 billion square feet in 2024, up from 28.23 billion square feet in 2023. The push for affordable housing may rejuvenate the residential construction sector. For instance, Germany aims to construct 4.0 thousand new housing units by 2024, while the Malaysian government has plans for around 500 thousand affordable housing units by 2025. Consequently, the global demand for concrete retarders in the residential sector is projected to hit USD 2.28 billion in 2030, up from USD 1.65 billion in 2025.
Global Concrete Retarders Market

Rise in demand for housing units in the Asia-Pacific region is likely to boost the demand for concrete retarders globally

  • The global concrete retarders market witnessed a 1.81% growth in value in 2022, surpassing the figures of 2021. Asia-Pacific and Europe emerged as the leading regions, capturing 30.37% and 22.34% of the market's value, respectively. The market was projected to grow by 4.79% in 2023 compared to 2022.
  • In 2023, the Asia-Pacific region was poised to solidify its position as the largest consumer of concrete retarders, accounting for 30.45% share of the global market. This surge in demand can be attributed to the region's construction activities, fueled by investments in infrastructure and residential sectors. For instance, projections indicate that by 2030, Asia-Pacific's infrastructure needs will surpass USD 1.74 trillion. Additionally, it is anticipated that over 40% of India's population will reside in urban areas by 2030, translating to a demand for 25 million affordable housing units. Consequently, the value of the region's concrete retarders market is forecasted to surge by 66.77% by 2030 compared to 2023.
  • Not only is Asia-Pacific poised to be the dominant consumer of concrete retarders, but it is also expected to witness the highest CAGR of 7.58% in value during the forecast period. This growth is primarily driven by the region's robust demand for concrete retarders in the residential sector. Notably, the region's new residential floor area is projected to expand by 524 million sq. ft between 2023 and 2024. In line with this, the government of Indonesia has set an ambitious target of constructing 1 million housing units by 2025, as the country's housing requirements are expected to reach 30 million units. As a result, the value of the Asia-Pacific concrete retarders market is anticipated to surge from USD 1.20 billion in 2023 to USD 2.01 billion by 2030.

Concrete Retarders Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • In 2022, the global consumption value of concrete retarders saw a 1.81% growth, driven by rising demand from the infrastructure and residential construction sectors. In 2023, the concrete retarders market was expected to occupy approximately 27.96% of the global concrete admixtures market.
  • With a 37.11% share in 2022, the residential sector stood as the largest consumer of concrete retarders. The global new floor area in residential construction is expected to rise by 6.34 billion square feet between 2025 and 2030, propelled by sustained housing demand, increased investments, and supportive government policies. Notably, the United States plans to add 11.5 million households between 2025 and 2035. Consequently, the global demand for concrete retarders in the residential sector is projected to surge by USD 632 million in 2030 compared to 2025.
  • Not only is the residential sector the leading consumer, but it is also poised to be the fastest-growing, registering a CAGR of 6.57%. The sector's new floor area is expected to reach 29.27 billion square feet in 2024, up from 28.23 billion square feet in 2023. The push for affordable housing may rejuvenate the residential construction sector. For instance, Germany aims to construct 4.0 thousand new housing units by 2024, while the Malaysian government has plans for around 500 thousand affordable housing units by 2025. Consequently, the global demand for concrete retarders in the residential sector is projected to hit USD 2.28 billion in 2030, up from USD 1.65 billion in 2025.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Region
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East and Africa
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Concrete Retarders Market Size Summary

The Concrete Retarders Market is poised for significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The market is expected to expand steadily over the forecast period, with the residential sector emerging as the largest and fastest-growing consumer of concrete retarders. This growth is fueled by sustained housing demand, increased investments, and supportive government policies, particularly in regions like Asia-Pacific and Europe. The Asia-Pacific region, in particular, is set to solidify its position as the dominant consumer, with robust demand driven by extensive construction activities and urbanization trends. The region's market is anticipated to experience the highest growth rate, supported by ambitious housing and infrastructure projects.

The global market for concrete retarders is characterized by a fragmented landscape, with major players such as CEMEX, MBCC Group, RPM International Inc., Saint-Gobain, and Sika AG holding significant shares. Recent strategic moves, including acquisitions and divestitures, highlight the dynamic nature of the market as companies seek to consolidate their positions and expand their portfolios. The market's growth trajectory is further supported by the recovery of commercial construction activities post-pandemic, with regions like Asia-Pacific leading the charge. As the demand for affordable housing and energy-efficient buildings continues to rise, the concrete retarders market is well-positioned to capitalize on these trends, ensuring sustained growth and development in the coming years.

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Concrete Retarders Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Region

      1. 1.2.1 Asia-Pacific

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Australia

          2. 1.2.1.1.2 China

          3. 1.2.1.1.3 India

          4. 1.2.1.1.4 Indonesia

          5. 1.2.1.1.5 Japan

          6. 1.2.1.1.6 Malaysia

          7. 1.2.1.1.7 South Korea

          8. 1.2.1.1.8 Thailand

          9. 1.2.1.1.9 Vietnam

          10. 1.2.1.1.10 Rest of Asia-Pacific

      2. 1.2.2 Europe

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 France

          2. 1.2.2.1.2 Germany

          3. 1.2.2.1.3 Italy

          4. 1.2.2.1.4 Russia

          5. 1.2.2.1.5 Spain

          6. 1.2.2.1.6 United Kingdom

          7. 1.2.2.1.7 Rest of Europe

      3. 1.2.3 Middle East and Africa

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 Saudi Arabia

          2. 1.2.3.1.2 United Arab Emirates

          3. 1.2.3.1.3 Rest of Middle East and Africa

      4. 1.2.4 North America

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Canada

          2. 1.2.4.1.2 Mexico

          3. 1.2.4.1.3 United States

      5. 1.2.5 South America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Argentina

          2. 1.2.5.1.2 Brazil

          3. 1.2.5.1.3 Rest of South America

Concrete Retarders Market Size FAQs

The Global Concrete Retarders Market size is expected to reach USD 4.21 billion in 2024 and grow at a CAGR of 6.04% to reach USD 5.98 billion by 2030.

In 2024, the Global Concrete Retarders Market size is expected to reach USD 4.21 billion.

Concrete Retarders Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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