USD 207.2 million
Global Plaster Retarder Market Size, Share, Growth Analysis, By End use(Finishing plaster, Conventional plaster), By Application(Refurbishments, New Construction), By Sector(Residential Construction, Commercial Construction) - Industry Forecast 2023-2030
Report ID:
SQSG20J2002 |
Region:
Global |
Published Date: February, 2024
Pages:
284
|
Tables:
93 |
Figures:
75
Global Plaster Retarder Market Insights
Global Plaster Retarder Market size was valued at USD 207.2 million in 2021 and is poised to grow from USD 242.42 million in 2022 to USD 252.6 million by 2030, growing at a CAGR of 4.2% in the forecast period (2023-2030).
Economic growth, increasing government aid, and a strong emphasis on modernization and infrastructure development have all contributed to the global expansion of the construction business. The expansion of the construction industry is expected to have a direct impact on market growth in the future.
The market for gypsum plaster is expected to develop in the future due to the rising usage of this product in single-family and multi-family residential buildings. Other important factors driving the growth of the plaster retarder market include increased government investment in the real estate industry for commercial buildings and rising demand for high-end residential residences.
Plaster Retarder is a common addition used to reduce the curing process of any sort of plaster, including veneer, standard plasters, and setting-type joint compounds, by reducing the chemical crystal formation that causes the gypsum plaster to set or harden. This, in turn, allows the plaster to remain workable for a longer period of time, allowing for ideal final placement and smoothening.
US Plaster Retarder Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Refurbishments
Fastest Growth
Refurbishments
Growth Rate
4.2% CAGR
Global Plaster Retarder Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Plaster Retarder Market Size by Application, 2021-2028 ($ Bn)
Global Plaster Retarder Market Size by Application, 2021-2028 (%)
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Global Plaster Retarder Market Segmental Analysis
The Global Plaster Retarder Market is segmented based on Application, End-Use, Sector, and region. Based on the Application, the Global Plaster Retarder Market is segmented into Refurbishments, New Construction. Based on the End-Use, the Global Plaster Retarder Market is segmented as Finishing plaster, Conventional plaster, Veneer plaster, Lime finish plaster, Setting-type joint compounds, Gypsum or gypsum-containing blended materials. Based on the Sector, the Global Plaster Retarder Market is segmented as Residential Construction, Commercial Construction, Institutional Construction, and Industrial Construction. Based on Region Plaster Retarder Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Plaster Retarder Market Analysis by Application
In terms of application, the global Plaster Retarder market is largely dominated by the new construction sector. Gypsum mortar is a typical building material that is especially useful for plastering walls. This mortar has three significant flaws that limit its use in building and statue construction. For starters, it has a poor compressive strength. It also has a fast water absorption rate and a short setup time. Plaster retarder is extensively used in gypsum mortar to delay the setting time of the gypsum and increase its strength. Gypsum retarders may limit the setting time of gypsum and keep it fluid for a specified amount of time, reducing waste and loss and improving building efficiency.
Global Plaster Retarder Market Share By Application, 2021 (%), 2021 (%)
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Global Plaster Retarder Market Regional Insights
The Asia Pacific is projected to show the fastest growth over the forecast period. Rising consumer preferences for energy-saving solutions, the EU's 2020 energy efficiency refurbishment initiative, an increasing preference for do-it-yourself projects and green construction approaches, and the provision of sustainable infrastructure will drive growth in the gypsum retarder market across Europe. Furthermore, rising FDI investments, particularly in the hotel, education, healthcare, and other commercial sectors, are strengthening the commercial renovation industry, which can help drive the region's plaster retarder market expansion.
Global Plaster Retarder Market By Geography, 2021 - 2028, 2023-2030
- Largest
- Fastest
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Global Plaster Retarder Market Dynamics
Plaster Retarder Market Driver
Rising Residential Renovations Will Aid Penetration in the Worldwide Plaster Retarder Market
- Rising consumer desires for opulent houses, as well as growing requests for larger and more gourmet kitchens, gigantic bathtubs, and private office spaces in their present homes, have resulted in an increase in domestic remodelling activities during the current pandemic, as more and more people are cooking and working from home, which assists in the increased consumption of the retarder during this period of time.
Plaster Retarder Market Restraint
Bleeding and cracks
- Due to the delayed hydration process, the insertion of retarders increases the likelihood of bleeding and shrinkage cracks. When using retarders and water reducers, be cautious since excessive use might induce bleeding and cracking owing to the reduced volume of water. Retarders create concrete with air holes, which weakens the strength of the concrete. The amount of retarders added should be such that it has the least detrimental impact on concrete strength.
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Global Plaster Retarder Market Competitive Landscape
The Global Plaster Retarder Market is relatively consolidated, with a very high level of competition. Companies are working on R&D and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Plaster Retarder Market Top Player's Company Profiles
- Mapei S.p.A.
- Sika AG
- Saint-Gobain S.A.
- BASF SE
- Knauf Gips KG
- W.R. Grace & Co.
- Dow Chemical Company
- Henkel AG & Co. KGaA
- RPM International Inc.
- Arkema S.A.
- Pidilite Industries Ltd.
- Akzo Nobel N.V.
- Fosroc International Limited
- USG Corporation
- Parex Group
- Koster Bauchemie AG
- ParexDavco Australia Pty Ltd
- Modern Waterproofing Company
- Perma Construction Aids Pvt. Ltd.
Plaster Retarder Market Recent Developments
- In July 2022, USG Corporation's Canadian business announced to develop a new, cutting-edge wallboard manufacturing factory in Wheatland County, Alta. This CAD 210 million investment demonstrates CGC's commitment to the Canadian market and will enable the company to better serve its loyal clients in Alberta and the West. The plant's construction is set to commence in 2023.
- In April 2021, USG announced the opening of a new factory in Denver, Colorado, to produce joint compounds and other interior finishing products for our clients in the western United States. The business, which will also function as a distribution hub, will improve customer service by reducing lead times for clients in Colorado, Nebraska, South Dakota, Wyoming, and Montana.
Global Plaster Retarder Key Market Trends
- The increased use of specific retarders and the development of innovative chemical combinations by numerous key players in the present gypsum plaster market are expected to drive market expansion. Furthermore, the spike in demand for lightweight construction materials, as well as the emphasis on decreasing building structural load, is expected to drive the expansion of the worldwide gypsum plaster market in the coming years.
- Industry participants in the gypsum plaster market are progressively leaning toward improving their current manufacturing infrastructure in order to launch high-quality gypsum plaster and shorten production cycles in order to save money. During the assessment period, the introduction of new and improved machinery for the manufacturing of gypsum plaster is likely to play a critical role in driving the gypsum plaster market.
Global Plaster Retarder Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Plaster Retarder Market Analysis, Plasters are now designed goods that incorporate at least one retarder to give a wider window of workability. The strength and porosity of construction materials are determined by production procedures, the use of suitable additives, and the water/gypsum ratio. In particular, additives must be carefully chosen in order to produce the optimum results in relation to established requirements.
The market holds huge potential in developing economies such as Asia Pacific followed by MEA and Latin America. China and India are the fastest growing market followed by EU nations.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 207.2 million |
| Market size value in 2030 | USD 252.6 million |
| Growth Rate | 4.2% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Plaster Retarder Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Plaster Retarder Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Plaster Retarder Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Plaster Retarder Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Plaster Retarder Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Plaster Retarder Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Plaster Retarder Market Report Snapshots
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