The market is expected to generate an incremental $ opportunity of US$ 0.65 Bn between 2022 and 2030
Category: Chemicals & Materials Published Date : June 2022 ID: CVC-00125-CH Format: PDF Pages: 285
Floor Screeds Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Floor Screeds Market was worth US$ 1.37 Bn and is expected to grow at a CAGR of 5.0% over the forecast period. The market is expected to hit US$ 2.02 Bn by 2030 end.
Floor screeds typically are cementitious materials made up of a 1:4:5 or 1:3 ratio of cement to sharp sand. These floor screeds have increasing applications in the solid in-situ precast concrete or concrete ground floor units.
Soaring development projects in residential and commercial spaces worldwide significantly increase the demand for construction materials such as floor screeds in international markets.
What are the causes driving the rise in demand for Floor Screeds?
The global building and construction business is driven by increased urbanization and population growth. The expansion of the infrastructure business is rising demand for building materials such as floor screeds.
Factors driving the global floor screed market include an increase in real estate and infrastructure investment, disposable income, the trend of aesthetic buildings, the availability of high-quality flooring, and a demand for improved interiors.
What are the opportunities in the Floor Screeds Market?
The development of infrastructure and increased building and construction activities will fuel the growth of the construction industry, implying an increase in construction materials such as floor screeds.
Increased infrastructure and real estate investment, as well as shifting trends toward constructing more aesthetically pleasing buildings with improved interiors, will benefit the worldwide floor screeds market.
Which Material type segment is expected to grow at the fastest CAGR?
During the projected period, the Cementitious screed segment is expected to account for a significant proportion of the market.
Cementitious screed is a common type of material. It is made of sand, cement, and water and has a semi-dry consistency. It is typically blended on-site or transported from a manufacturer.
Which End-Use segment is predicted to expand the most?
During the forecast period, residential is expected to be a very profitable segment of the global floor screed market. From 2022 to 2030, the segment is expected to grow rapidly.
Why is the Unbonded type segment growing in popularity?
In 2021, the Unbonded type segment accounted for 39.5% of the market. Because an un-bonded screed is applied on a water-resistant membrane over a concrete-based surface, the segment is becoming more popular.
Why is the Asia-Pacific region cementing its global dominance in the Floor Screeds Market?
Within the forecast period, Asia Pacific is expected to account for a significant proportion of the worldwide floor screed market. China will likely control a sizable portion of the Asia Pacific market during the projected period.
The Asia Pacific construction sector is being driven by urbanization and population increase. As a result, demand for floor screed in the region is increasing.
The global floor screed market is fragmented, with various regional and international producers active in the industry. Market leaders spend on mergers, acquisitions, growth, and new product releases to preserve their market leadership.
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Material Type:
By Screed Type:
By Floor thickness:
By Region and Country:
Global Floor Screeds Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material Type, Screed Type, Floor Thickness, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|