Increasing construction activities owing to rapid urbanization is increasing the consumption of self-leveling concrete

The global self-leveling concrete market is expected to showcase growth of ~5% during the forecast period (2021-2027). The global self-leveling concrete is growing on account of increasing urbanization in developing economies resulting in the construction of houses. Further, government initiatives to boost the infrastructure projects is likely to push the demand of self-leveling concrete.

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Self-leveling concrete is a type of cementitious mixture like concrete having properties of concrete however it flows much easier and sets up faster than traditional concrete, owing to which consumer are preferring the materials in order to make the flooring smooth and durable. Further, the global self-leveling concrete market is expected to showcase substantial growth during the forecast period owing to rising construction activities across the globe couple with increasing infrastructure development in developing countries like India and China. For instance, according to India Brand Equity Foundation, the India plans to spend USD 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country. The Government has suggested investment of USD 750 billion (INR 5,000,000 crore) for railways infrastructure from 2018-30. In addition, consumers are getting more aware about the different types of construction materials and quality of materials when choosing the right materials for construction activities. This will further, expected to increase the market size of self-leveling concrete.

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Based on type, the market is categorized into underlay and topping. Among these, self-leveling concrete is widely used for underlay purpose due to its ability to make the floor smooth and durable by removing patches, hole, and scratches, thus providing a smooth surface for the top flooring which might of ceramic tile, laminates, or any other materials. Moreover, it may set up smooth and flat within 1-2 hours. Further in about 6 hours, it may be completely hardened and ready for use, depending on the flooring material being installed on top.

Topping is also expected to showcase considerable growth during the forecast period as self-leveling concrete with coloring additives can help create beautiful finishes that complement planned or existing paint, décor or accessory features such as accent tiling or backsplashes. Since consumer are nowadays giving more importance to aesthetic appearance, therefore it is likely to grow the topping category as well.

Based on end-user, the market is categorized into residential and non-residential. Non-residential sector held the significant share in the market owing to large number of commercial establishments which required both aesthetic and durability. Further, the category is expected to showcase significant growth during the forecast period as large number of commercial and industrial facilities are increasingly developing in developing economies to tap the growing markets.

Further, rapid urbanization in developing nations and robust growth in US and Germany residential sector is boosting the demand of self-leveling concrete in residential sector.

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For a better understanding of the market adoption of self-leveling concrete, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for significant share in the market and is expected to showcase substantial growth during the forecast period owing to large base of population, growing commercial spaces, and increasing foreign companies’ investment in the region to build new facilities in the region. Further, increasing urbanization resulting in the development of houses for accommodation purpose, this is expected to increase the consumption of self-leveling concrete in the region.

Global Self-Leveling Concrete Market Segmentation

Market Insight, by Type

• Underlay
• Topping

Market Insight, by End-User

• Residential
• Non-Residential

Market Insight, by Region

• North America Self-Leveling Concrete Market
  • United States
  • Canada
  • Rest of North America
• Europe Self-Leveling Concrete Market
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific Self-Leveling Concrete Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Self-Leveling Concrete Market

Top Company Profiles

• SIKA AG
• Arkema S.A.
• USG Corporation
• Holcim Limited
• Mapei S.p.A.
• ARDEX GmbH
• Quikrete Holdings Inc.
• Duraamen Engineered Products Inc.
• Durabond Products Limited
• Fosroc Inc.