Plaster Retarder Market Size, Share, Growth Analysis, By End use(Finishing plaster, Conventional plaster, Veneer plaster, Lime finish plaster), By Application(Refurbishments, New Construction), By Sector(Residential Construction, Commercial Construction, Institutional Construction, Industrial Construction), By Region - Industry Forecast 2024-2031

Global Plaster Retarder Market size was valued at USD 207.2 million in 2019 and is poised to grow from USD 242.42 million in 2023 to USD 252.6 million by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

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.