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Self-Leveling Concrete Market Projected to Reach $5.4 Billion by 2026

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Self-Leveling Concrete Market Projected to Reach $5.4 Billion by 2026

July 29
14:28 2021
Self-Leveling Concrete Market Projected to Reach $5.4 Billion by 2026

Self-Leveling Concrete Market
The Increase in the Number of Construction Activities Is Increasing the Demand for Self-Leveling Concrete Market.

Self-Leveling Concrete Market is projected to reach $5.4 billion by the end of the year 2026 growing at a CAGR of 4.8% during the forecast period 2021-2026. Rising construction activities coupled with growing demand advanced materials especially in developing nations is the prime factor boosting the demand of self-leveling concrete. Self-leveling concrete also known as self-consolidating concrete or self-compacting concrete gives the flooring a smooth finish and is also very strong and can hold huge weights. Self-leveling concrete is a polymer-modified cement that doesn’t quite require addition of large volumes of water for placement. It can be installed on top of many materials such as concrete, ceramic tile, VCT, wood/plywood or any non-flexible surfaces. These factors are hugely driving the self-leveling concrete market.

Covid-19 Impact

Amid the Covid-19 crisis, the self-leveling concrete market witnessed a huge slowdown since the operations of the self-leveling market was affected owing to the market limitations caused by the pandemic. There was restrictions imposed on imports and exports which also caused the slowdown of the self-leveling concrete market. The global shutdown restricted the activities of the self-leveling concrete market such as marketing, sales and distribution. However, the situation is set to ease out by the end of the year 2021

Self-Leveling Concrete Market Segment Analysis – By Type

The underlayment segment lead the global self-leveling market in 2020 with more than 60% of market share. The growth of underlayment segment can be associated to its qualities such as smoothness and accuracy. Underlayment is a thin topping to level, smooth, which fixes imperfections in concrete substrates prior to installation of other floor coverings, such as tile, carpet, or vinyl. It also acts as vapor barrier to the floor which prevents moisture from penetrating through to laminate installation. The normal choice is a thin foam pad material made of polyethylene or polypropylene, which rolls out in sheets. Underlayment are the most preferred type of self-leveling concrete and is extensively used in construction industry. The underlayment segment is expected to grow post covid-19 owing to its flexible nature, as it can be used to correct irregularities and imperfections to an existing floor.

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Self-Leveling Concrete Market Segment Analysis – By Surface

Most type of surface can be laid over self-leveling concrete. But mostly in industrial construction, concrete flooring is preferred, as it is cheaper, easy to move things around and less maintenance. Whereas in commercial construction materials such as Vinyl Composition Tile (VCT) or ceramic is preferred. In the same way, in residential construction, mostly ceramic, tiles and wood/plywood are preferred for as the flooring. Vinyl Composition Tile (VCT) offers excellent dimensional stability that is impact-resistant and cause very little wear and tear. They are very much stable to UV radiation and excess heating that allows this flooring variety of flooring to last long without fading away. This makes Vinyl Composition Tile (VCT) a preferred type of surface in the industrial construction.

Self-Leveling Concrete Market Segment Analysis – By End-User Industry

Commercial construction held the highest share in the global self-leveling concrete market and is expected to register a CAGR of 4.1% during the forecast period.  Commercial industry utilizes concrete the most. The demand for self-leveling concrete in commercial industry can be attributed to many reasons such as increase in retail spaces, healthcare infrastructure, industrial floor spaces and educational institutes.

Construction industry has been in the rise in the present days and it has led to high demand for concrete and related products. APAC region accounted for the largest share holding more than 50% of the revenue in construction industry, mostly in China, India followed by Japan. Amid the corona virus scare and economic stagnation, the relationship between China and other countries will determine the competition and opportunities in the future for Self-Leveling Concrete market. 

Self-Leveling Concrete Market Segment Analysis – By Geography

APAC accounted for the largest share of more than 40% in self-leveling concrete market, with countries like China, India and Japan having the most demand for self-leveling concrete owing to its various uses and purposes across various sectors. The infrastructure industry is expected to grow in the coming years in the South-East Asian countries. The rise in construction activities, renovation and re-construction activities in the APAC region is set to contribute to the growing self-leveling concrete market in the APAC region. APAC region dominated the construction industry in 2020 and is expected to grow at a rate of 3.3% more than the other regions in the upcoming years.  

Self-Leveling Concrete Market Drivers

Rapid Industrialization

The modern-day construction has changed and upgraded in many ways. The industrialization has given birth to the construction industry, cement industry and other related industries as well. This is also one of the major drivers for self-leveling concrete market. Eventually the rapid industrialization has led to increase in construction activities, which in turn has led to the growth of concrete and related products. The increase in the number of construction activities is increasing the demand for self-leveling concrete market. Self-leveling concrete provides a lot of advantages such as fast curing, smoothness and improved surface space which is why it is preferred type of concrete in the construction industry in the present days. 

Growing Industrial and Construction Activities

The construction industry is estimated to reach US$ 8 trillion by 2025 which is a progressive sign for the self-leveling concrete industry as well. The growing industrial and construction activities have contributed to the increase in demand for self-leveling concrete. The number of activities in construction industry is high, such as renovation and re-construction which requires self-leveling concrete as a basic raw material to finish the activities.

Self-Leveling Concrete Market Challenges

Quick-drying and sticky nature of the self-leveling concrete hinders the growth of the market

Self-leveling concrete dries very quick, which means the work needs to be done fast with the product. Self-leveling product tends to get solidified minutes within it has been mixed. The mixing of the product must also be done quickly, depending upon the product and the purpose it is being used since it tends to get dried up really fast. This makes the product a little too volatile and thus it has to be used with proper knowledge and care. The concrete is very sticky in nature. If it gets stuck to any material, it is difficult to remove it after that. Thus, it needs to be handled with utmost care and responsibility. It needs to be preserved and stored properly with good care and safety. It cannot be handled by everyone and has to be handled by people who has knowledge and experience of using the concrete.

Self-Leveling Concrete Market Landscape

Innovation, quality raw materials, acquisitions and mergers and expansion are some of the key strategies adopted by players in the self-leveling concrete market. Major players in the Self-Leveling Concrete Market are Sika AG Groups, Henry, MAPEI, LafargeHolcim, CTS Cement Manufacturing Corporation, Arkema Group, Durabond Products Limited, Sakrete, Larsen Building products and Durex Coverings, Inc. among others.

Acquisitions/Technology Launches

CHRYSO acquired Cemexa, a major player in the cement industry in France on February 25th 2019. It also acquired the Cemexa’s Cemfloor and Mobicem ranges strengthening its overall position in France and abroad.

Sika AG Groups recently acquired Modern waterproofing group, Egypt on June 8th 2020. This acquisition supplements and enhances the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian Construction market.

Key Takeaways

Asia-Pacific market is expected to hold the largest share in the self-leveling concrete market for the next few years owing to the surging demands across various construction fields in countries such as India, China and South Korea.

One of the main driving factor of self-leveling concrete market is rapid industrialization and growing residential construction and commercial construction market.

Governments of various countries are taking initiatives and implementing policies to develop public infrastructure which is expected to drive the self-leveling concrete market.

The various advantages offered by self-leveling concrete such as high-strength and super protection is making it a popular choice among the users.

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A. Decorative Concrete Market 

https://www.industryarc.com/Report/18411/decorative-concrete-market-research-report-analysis.html

B. Concrete Superplasticizers Market 

 https://www.industryarc.com/Report/11683/concrete-superplasticizers-market.html

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