Global Self-leveling Concrete Market, By Type (Underlayment, Topping), Application (Residential Building, Commercial Building) - Industry Trends and Forecast to 2023 to 2030.
Self-leveling Concrete Market Analysis and Size
The essential factors contributing to the growth of the self-leveling concrete market in the forecast period of 2023 to 2020 include ease of application, time and labor savings and high-quality surface finish. Moreover, the rising use in commercial, industrial, and residential sectors is significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the self-leveling concrete market, which was USD 6,032.20 million in 2022, is expected to reach USD 9,542.09 million by 2030, growing at a CAGR of 5.9% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Self-leveling Concrete Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Underlayment, Topping), Application (Residential Building, Commercial Building)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Ardex Group (Germany), Mapei S.p.A. (Italy), LafargeHolcim Ltd (Switzerland), Saint-Gobain Weber (France), The Quikrete Companies, Inc. (U.S.), Laticrete International, Inc. (U.S.), Sika AG (Switzerland), Bostik (France), Duraamen Engineered Products Inc. (U.S.), CTS Cement Manufacturing Corporation (U.S.), Fosroc International Limited (U.K.), Durex Coverings, Inc. (U.S.), Schönox GmbH (Germany), Level-Tech Systems (U.S.), Euclid Chemical Company (U.S.), among others
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Market Opportunities
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Market Definition
Self-leveling concrete, which is also known as self-leveling cement or self-leveling floor compound, is a specialized type of cementitious material used to create smooth, level surfaces. It is designed to flow and settle into a level position without the need for extensive manual leveling or troweling.
Global Self-leveling Concrete Market Dynamics
Drivers
- Ease of Application
One of the primary drivers for self-leveling concrete is its ease of application. Unlike traditional concrete, which requires extensive manual leveling, self-leveling concrete is designed to flow and spread evenly across a surface, eliminating the need for extensive manual intervention. This characteristic makes it a preferred choice for projects that require a smooth and level surface.
- Time and Labor Savings
Self-leveling concrete can significantly reduce the time and labor required for floor preparation and leveling. Its self-leveling properties minimize the need for manual effort, speeding up the installation process. This time-saving feature is particularly beneficial in commercial and industrial projects where project timelines and productivity are crucial.
- Improved Floor Durability and Performance
Self-leveling concrete can enhance the durability and performance of the finished floor. It can provide a high-strength surface resistant to wear, abrasion, and impact. Additionally, self-leveling concrete can offer improved resistance to moisture, chemicals, and other environmental factors, making it suitable for a wide range of applications, including industrial, commercial, and residential projects.
Opportunities
- Growing Construction Industry
The overall growth in the construction industry, including residential, commercial, and infrastructure sectors, is a significant driver for the self-leveling concrete market. As construction activities increase, the demand for efficient and high-quality flooring solutions rises, creating opportunities for self-leveling concrete.
- Increasing Focus on Sustainable Construction
Sustainability is a key driver across the construction industry. Self-leveling concrete can contribute to sustainable construction practices due to its durability, reduced material wastage, and potential for incorporating recycled materials. Additionally, self-leveling concrete can be compatible with energy-efficient underfloor heating systems, further enhancing its appeal for sustainable building designs.
Restraints/Challenges
- High Initial Investment Costs
Self-leveling concrete can be more expensive compared to traditional concrete mixes. The cost of raw materials, specialized additives, and the manufacturing process involved in producing self-leveling concrete contribute to its higher price. The increased cost can be a limiting factor, particularly for projects with budget constraints or where cost competitiveness is a priority.
- Limited Load-Bearing Capacity
Self-leveling concrete typically has a lower load-bearing capacity compared to traditional concrete. It may not be suitable for applications that require heavy loads or areas subject to frequent heavy traffic, such as industrial facilities or heavy machinery areas. In such cases, alternative flooring solutions or additional reinforcement measures may be necessary, limiting the use of self-leveling concrete.
This self-leveling concrete market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the self-leveling concrete market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2023, The ARDEX Group announced that it has further strengthened its market position in Hong Kong by acquiring Score Tech Mortars, a leading manufacturer of construction chemicals for the Hong Kong and Macau markets.
- In March 2020, Mapei South Africa announced the launch of its new locally manufactured self-leveling compound – ULTRAPLAN ECO 20. This has expanded Company’s product portfolio for construction materials.
Global Self-leveling Concrete Market Scope
The self-leveling concrete market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Underlayment
- Topping
Application
- Residential Building
- Commercial Building
Global Self-leveling Concrete Market Regional Analysis/Insights
The self-leveling concrete market is analyzed, and market size insights and trends are provided by site location and foundation type, as referenced above.
The countries covered in the self-leveling concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the self-leveling concrete market owing to the government's surging and favourable investment policies in construction, which is boosting the market’s growth in the region.
Asia-Pacific is expected to grow during the forecast period of 2023 to 2030 owing to technological advancements in the development of concrete technology, along with the surging demand for renewable energy in various end use industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Self-leveling Concrete Market Share Analysis
The self-leveling concrete market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the self-leveling concrete market.
Some of the major players operating in the self-leveling concrete market are:
- Ardex Group (Germany)
- Mapei S.p.A. (Italy)
- LafargeHolcim Ltd (Switzerland)
- Saint-Gobain Weber (France)
- The Quikrete Companies, Inc. (U.S.)
- Laticrete International, Inc. (U.S.)
- Sika AG (Switzerland)
- Bostik (France)
- Duraamen Engineered Products Inc. (U.S.)
- CTS Cement Manufacturing Corporation (U.S.)
- Fosroc International Limited (U.K.)
- Durex Coverings, Inc. (U.S.)
- Schönox GmbH (Germany)
- Level-Tech Systems (U.S.)
- Euclid Chemical Company (U.S.), among others
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