Self-Leveling Concrete Market size is predicted to reach USD 9 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period i.e. 2023-2035. In the year 2022, the industry size of self-leveling concrete was USD 7 Billion. The increasing count of infrastructural activities about remodeling and restructuring of buildings is anticipated to elevate the market’s growth. For instance, to renovate an old building there is often a need to level damaged floors which necessitates the use of self-leveling concrete to make a flat, smooth surface with compressive strength.
The growing industrialization across the globe is believed to fuel self-leveling concrete market. For instance, rapid urbanization has raised the need for goods & services which has resulted in rising production of industries to fulfill this demand. According to data, global industrial production, excluding the United States, increased by over 1% in 2022.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 7 Billion |
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Forecast Year Market Size (2035) |
~ USD 9 Billion |
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Regional Scope |
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Growth Drivers
Challenges
End-User Industry (Residential, Commercial, Industrial)
The commercial segment in the self-leveling concrete market is estimated to gain a robust revenue share of 40 % in the coming years. The segment growth can be attributed to the increasing need for self-leveling concrete from several industries such as educational institutions, restaurants and healthcare institutes. Commercial buildings such as malls, restaurants, and other institutes often require smooth flooring for safety and various purposes. To meet this need self-leveling concrete is increasingly being used to correct uneven or sagging floors and make them safer. It is also known as a popular industrial flooring solution.
Type (Underlayment, Toppings)
Self-leveling concrete market from the underlayment segment is set to garner a notable share in the near future. The growth of the segment is driven by the rising residential construction market. As the population across the globe is rising the need for more houses can be witnessed. For instance, underlayment self-leveling concrete is used to level up shallow dips and humps in the subfloor in residential construction 4.0. Therefore, as the residential construction industry grows the demand for subfloor repair also rises.
Our in-depth analysis of the global self-leveling concrete market includes the following segments:
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Type |
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Surface |
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End User |
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Asia Pacific Market Statistics
Self-leveling concrete market in Asia Pacific, is predicted to account for the largest gain of 37 % by the end of 2035. The market growth in the region is impelled by rising smart city initiatives. For instance, smart city initiatives are leading to increased infrastructure development in the region which results in growing demand for self-leveling concrete to create smooth floors required to support the installation of smart sensors, and other devices. Within India's smart cities mission effort, about two thousand projects totaling over USD 4 billion were completed by 2020. According to the Indian Brand Equity Foundation (IBEF), the total allocated investments for the Smart City Mission in 2020 was reported over USD 28 billion. Also, more than 85% of the entire projects worth USD 24 billion have been offered by the same year.
European Market Forecast
The European self-leveling concrete market is estimated to be the second largest, during the forecast timeframe. The growth of the market can be led by the increasing manufacturing of self-leveling concrete in Italy and Germany. Owing to the growing production of self-leveling concrete their availability has become easier in these regions which has increased its adoption in various construction projects. Besides this, Europe also has a majority of aging infrastructure as it is rich in rich in historical landmarks and has the oldest cities. Therefore, the region often requires the need for repair and renovation of old buildings which leads to market growth.
Author Credits: Smruti Ranjan, Rajrani Baghel
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