Plaster Retarder Market Size, Share, Growth Analysis, By End use (Finishing plaster, Conventional plaster), By Application (Refurbishments, New Construction), By Sector, By Region - Industry Forecast 2025-2032
MUHU(China) Construction Materials Co. Ltd.(China)
Sakarni Plaster(India) Private Limited(India)
JK Lakshmi Cement Ltd(India)
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Global Plaster Retarder Market size was valued at USD 240.3 million in 2023 and is poised to grow from USD 249.91 million in 2024 to USD 342.02 million by 2032, growing at a CAGR of 4.0% during the forecast period (2025-2032).
The global construction industry is poised for significant growth driven by economic expansion, increased government support, and a focus on modernization and infrastructure development. This growth trajectory is set to positively influence the gypsum plaster market, significantly due to rising usage in both single-family and multi-family residential projects. Key factors propelling the plaster retarder market include heightened government investment in commercial real estate and surging demand for upscale residential properties. Plaster retarders play a vital role by extending the workability of various plaster types-such as veneer, standard, and setting-type joint compounds-by slowing down the curing process and minimizing chemical crystal formation. This enhancement facilitates optimal application and finish, catering to the evolving needs of the construction sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Plaster Retarder market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Plaster Retarder Market Segmental Analysis
Global Plaster Retarder Market is segmented by End use, Application, Sector and region. Based on End use, the market is segmented into Finishing plaster, Conventional plaster, Veneer plaster, Lime finish plaster, Setting-type joint compounds and Gypsum or gypsum-containing blended materials. Based on Application, the market is segmented into Refurbishments and New Construction. Based on Sector, the market is segmented into Residential Construction, Commercial Construction, Institutional Construction and Industrial Construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Plaster Retarder Market
The global plaster retarder market is significantly driven by the surge in residential renovations, fueled by consumers' growing desire for luxurious living spaces. As individuals increasingly invest in upgrading their homes, there is a marked demand for more sophisticated features such as spacious kitchens, elaborate bathrooms, and dedicated home office areas. The pandemic has further intensified this trend, as many people now engage in cooking and remote work from home, leading to a rise in remodeling projects. This uptick in renovation activities has consequently boosted the usage of plaster retarders, contributing to the market's expansion during this period.
Restraints in the Global Plaster Retarder Market
The global plaster retarder market faces certain limitations related to the potential for bleeding and cracking in the material. The incorporation of retarders can delay the hydration process, thereby heightening the risk of both bleeding and shrinkage cracks in the plaster mix. It is crucial to exercise caution when utilizing retarders and water-reducing agents, as overuse can exacerbate these issues by diminishing the water volume. Additionally, the introduction of retarders can lead to the formation of air pockets within the concrete, ultimately compromising its structural integrity. Therefore, it is essential to carefully regulate the quantity of retarders used to minimize adverse effects on the strength of the plaster.
Market Trends of the Global Plaster Retarder Market
The Global Plaster Retarder market is witnessing a notable upward trend, fueled by the rising demand for specialized retarders and the innovative formulations developed by major industry players. This surge is closely linked to the growing preference for lightweight construction materials designed to minimize structural load, a key focus in modern architecture. As sustainability and efficiency become paramount in construction practices, the need for advanced plaster solutions that enhance workability and extend setting times is anticipated to further propel market growth. This evolution reflects a broader shift towards more efficient building materials that meet contemporary construction challenges.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Plaster Retarder Market Size by End use & CAGR (2025-2032)
Market Overview
Finishing plaster
Conventional plaster
Veneer plaster
Lime finish plaster
Setting-type joint compounds
Gypsum or gypsum-containing blended materials
Global Plaster Retarder Market Size by Application & CAGR (2025-2032)
Market Overview
Refurbishments
New Construction
Global Plaster Retarder Market Size by Sector & CAGR (2025-2032)
Market Overview
Residential Construction
Commercial Construction
Institutional Construction
Industrial Construction
Global Plaster Retarder Market Size & CAGR (2025-2032)
North America (End use, Application, Sector)
US
Canada
Europe (End use, Application, Sector)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (End use, Application, Sector)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (End use, Application, Sector)
Brazil
Rest of Latin America
Middle East & Africa (End use, Application, Sector)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
BASF SE (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dow Chemical Company (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Evonik Industries AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Wacker Chemie AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
AkzoNobel N.V. (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
USG Boral (Australia/USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Fritz-Pak Corporation (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Grace Construction Products (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sika AG (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mapei S.p.A. (Italy)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Saint-Gobain (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Vinayak Gypsum & Interiors Pvt. Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Paras Enterprises (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Eazymix Ltd. (UK)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sidley Chemical Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lawrence Industries (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hebei Yida Cellulose Co. Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
MUHU (China) Construction Materials Co. Ltd. (China)