According to Future Market Insights (FMI), the global floor screed market value is expected to increase from US$ 14,231.7 million in 2024 to US$ 25,610.9 million by 2034. The market is projected to surge at a CAGR of 6.0% by 2034.
The increasing construction activity worldwide is the key factor contributing to the floor screed market growth. The need for dependable, high-quality flooring solutions is surging due to the fast urbanization, population growth, and infrastructure development projects in developed and emerging economies.
The demand for floor screed is anticipated to be fueled by technological developments and advancements in the construction industry. Floor screed performance features, like strength, durability, and application ease, are always being enhanced by manufacturers through research and development. It is anticipated that introducing eco-friendly formulations, self-leveling, and quickly drying floor screeds would expand the market and draw in more consumers.
Request Your Sample Report Now!
Sustainable and energy-efficient construction solutions are becoming increasingly popular as governments impose more stringent environmental laws and green building standards worldwide. Producers are poised to benefit from this trend and get a competitive edge in the market by providing sustainable floor screed solutions, such as those derived from recycled materials or with reduced carbon footprints.
Key Takeaways from the Report
- The global market for floor screed is projected to thrive at 6.0% CAGR through 2034.
- By material type, the synthetic resin screed segment is expected to reach US$ 13,726.3 million by 2034.
- By end-use, the residential segment is set to hold a market share of 49.6% in 2024.
- East Asia is expected to account for a significant share of about 26.3% in 2034.
- The United States is anticipated to reach US$ 2,461 million by 2034.
- China is projected to attain a valuation of US$ 2,850 million by 2034.
“The global floor screed market is expected to rise due to increased infrastructure, real estate investment, and a shift toward beautiful buildings with improved interiors. The rising disposable income and preference for high-quality flooring are projected to boost demand, taking the market to a profitable position due to the rise of the middle class and increased housing & commercial space.” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
Sika Group, Saint-Gobain Weber, Holcim, Edilteco Group, Flexcrete, Colmef Monneli, Terraco, Knauf, and Pretoria Portland Cement are the leading manufacturers and suppliers of floor screed listed in the report. Key players are focusing on expanding domestic production and technology areas of floor screed to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovating existing ones to meet end-user demand.
Leading Floor Screed Brands
- Sika Group
- Saint-Gobain Weber
- Holcim
- Edilteco Group
- Flexcrete
- Colmef Monneli
- Terraco
- Knauf
- Pretoria Portland Cement
- Pidilite Industries Ltd.
- Anhydritec Ltd.
Recent Developments-
- In May 2023, Sika acquired MBCC Group, formerly BASF Construction Chemicals. The acquisition is expected to support Sika’s growth and market penetration in Eastern Canada.
- In March 2021, CEMEX launched a Supaflo® Rapide self-smoothing, leveling screed with significant drying time and sustainability solutions.
Get the Insights You Need – Connect with Sales to Secure Your Copy of Report:
More Insights into the Floor Screed Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global floor screed market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope, the market is segmented based on material type (cementitious screed, calcium sulfate screed, synthetic resin screed), floor thickness (less than 30mm, 30mm to 60mm, above 60mm), delivery method (bags, silos, transmix trucks, pump trucks, ready-mix trucks, others), screed type (bonded screed, unbonded screed, floating screed, flowing screed, heated screed), end-use (residential, commercial and industrial), and region.
Key Segments of Market Report
By Material Type:
Based on material type, the industry is segmented into cementitious screed, calcium sulfate screed, and synthetic resin screed.
By Floor Thickness:
The sector is split into less than 30mm, 30mm to 60mm, and above 60mm.
By Screed Type:
In terms of screed type, the sector is categorized into bonded screed, unbonded screed, floating screed, flowing screed, and heated screed.
By Delivery Method:
Depending on delivery methods, the industry is branched into trans-mix trucks, pump trucks, ready-mix trucks, and others.
By End-use:
Based on end-use, the sector is segmented into residential, commercial, and industrial.
By Region:
A regional analysis of the floor screed market is conducted across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
