Self-Leveling Concrete Market Size & Share, by Type (Underlayment, Toppings); Surface (Concrete, Ceramic Tiles, Vinyl Composition Tiles, Wood); End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3885
  • Published Date: Aug 08, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Self-Leveling Concrete Market
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Self-Leveling Concrete Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Popularity of Self-Leveling Concrete for Construction Activities – Self-leveling concrete is largely being adopted for construction activities as it is a common construction material that is simple to install, may be used before or after construction, and also helps to reduce damage and maintenance expenses.
  • Increasing Spending on Infrastructure- Since many countries across the globe are dealing with the challenge of aging infrastructure, therefore, governments in those countries are increasing spending to modernize their infrastructure systems. According to estimates, global capital project and infrastructure spending are estimated to exceed USD 8 trillion by 2025.

Challenges

  • Exorbitant Cost of Raw Materials - The high cost is one of the major factors predicted to slow down the market growth. For instance, raw materials such as polymer-based compounds used as adhesives, and grout materials which are added in the process of production are quite expensive. The availability of these materials depends on quality, and market conditions which increase their overall cost.
  • Insufficient Awareness about Concrete Items
  • Needs Proper Handling owing to its Volatile Nature

Self-Leveling Concrete Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~5%

Base Year Market Size (2022)

~ USD 7 Billion

Forecast Year Market Size (2035)

~ USD 9 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Self-Leveling Concrete Segmentation

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:

          Type

  • Underlayment
  • Toppings

         Surface

  • Concrete
  • Ceramic Tiles
  • Vinyl Composition Tiles
  • Wood

          End User

  • Residential
  • Commercial
  • Industrial

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Self-Leveling Concrete Industry- Regional Synopsis

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.

Research Nester
Self-Leveling Concrete Market Size
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Companies Dominating the Self-Leveling Concrete Landscape

top-features-companies
    • Durex Coverings, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sika AG
    • CEMEX S.A.B. de C.V.
    • MAPEI SpA
    • Arcosa Inc.
    • ARDEX GmbH
    • Duraamen Engineered Products Inc.
    • Fosroc International Ltd.
    • LafargeHolcim Ltd.
    • RPM International Inc.

In the News

  • MAPEI SpA introduced Novoplan HFL with strong flow properties for interior concrete. Further, it is made of calcium aluminate and is designed to be used on interior concrete and engineer-approved concrete floors. It is also VOC-free and resistant to moisture vapor.
  • LafargeHolcim Ltd. a global leader in environmentally friendly building solutions acquired Chrono Chape to broaden their service offerings and geographic reach in France.

Author Credits:  Rajrani Baghel


  • Report ID: 3885
  • Published Date: Aug 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing count of infrastructural activities about remodeling and restructuring of buildings and the growing industrialization across the globe are the major factors driving the market growth.

The market size of self-leveling concrete is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Durex Coverings, Inc., Sika AG, CEMEX S.A.B. de C.V., MAPEI SpA, Arcosa Inc.

The commercial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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