The North American floor screeds market is poised for significant growth throughout the forecast period. This growth can be attributed to the rapid expansion of infrastructure, increased government investments and initiatives, elevated construction expenditures, and the prominent presence of leading floor screed manufacturers. In recent years, construction spending has experienced remarkable increases in countries such as the United States and Canada. This rise is primarily driven by changing lifestyles, higher disposable incomes, and the introduction of innovative building materials.
A significant factor driving the need for floor screeds is the rapid global expansion of the building and construction industry. The size of the global floor screeds market is anticipated to increase steadily between 2022 and 2032, with a CAGR of about 5%, exceeding a valuation of US$ 2.16 Bn by that year.
Floor screeds typically are cementitious material 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 floor or concrete ground floor units.
Floor screeds are often confused with concrete as they are quite similar. Cement, water and aggregates are the important materials used in the formulation of floor screeds. Floor screeds are smooth, soil-like mixture made from cement and fine, sharp sand with fine aggregates.
The maximum grain size for dry screed is around 4 to 5mm. Floor screeds are most commonly used finishing material on internal floors, generally floor screeds are 50–100mm thick. Floor screeds offers smooth finish to the flooring.
There are various types of floor screeds used across the world. Bonded screeds, unbonded screeds, floating screeds and flowing screeds are the types of floor screeds. Bonded screeds are applied directly to concrete base, on the contrary unbonded screeds are applied to a water-resistant membrane that on top of the concrete.
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Floating screeds are commonly used for underfloor heating systems, as floating screeds are applied onto insulating surface. Flowing screeds are also known liquid screeds. Industrial screed can be used for more heavy duty applications by using a more coarse aggregates.
Floor Screeds Market: Dynamics
Continuously growing population and increasing urbanization has led to the escalated the growth of building & construction industries. Growth in construction industries and the development of infrastructure has in turn led to the substantial increase in the demand for construction materials including floor screeds.
Considering the future prospective, growth of construction industry will be driven by continuous development of infrastructure and increasing building & construction activities, which suggests that there will be growth in the usage of construction materials such as floor screeds. Increasing infrastructural and real-estate investment, and shifting trends towards the construction of more aesthetic buildings with superior interior will positively influence the global floor screeds market.
Increasing disposable income and changing preference for good quality of flooring is projected to augment the demand for the floor screeds market over the forthcoming years. The growth if middle class population and increasing housing & commercial spaces has brought the floor screeds market in a very lucrative position in the global market.
The global floor screeds market is anticipated to create substantial amount of revenue for all the market participants across the market value chain, thus creating lucrative CAGR (Compound Annual Growth Rate) in near future.
Floor Screeds Market: Regional Outlook
The construction & infrastructure industry in Asia Pacific is witnessing stable growth, owing to the rising urbanization and population in the region, supported by the increasing number of construction projects started by government, owing to which Asia Pacific can be considered as prominent market for floor screeds.
North America and the European region is mainly focused on the Infrastructural development therefore countries under these regions could be also be a potential market for floor screeds. Increasing industrialization and urbanization have led to the growth of the building & construction sector in Latin America and hence, the region is pegged to be a promising market for floor screeds, whereas Middle East is also focused on the development of infrastructure which makes it a potential growth market for floor screeds in the forthcoming period.
Floor Screeds Market: Key Participants
Longcliffe Quarries Ltd., Sika Group, Cemex UK, Munster Floor Screed, Base Concrete Company, EasyMix Concrete UK Ltd., Rapid Readymix Concrete Limited, Flowcrete Group Ltd., Premier Floor Screed, Tarmac, LKAB Minerals and PC Flooring Ltd among others.
The Floor screeds market research report presents a comprehensive assessment of the Floor screeds market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
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The Floor screeds market research report provides analysis and information according to Floor screeds market segments such as geographies, application and industry.
The Floor screeds Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Floor screeds market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Floor screeds market segments and geographies.
Key Segments Profiled in the Floor Screeds Industry Survey
By Material Type:
- Cementitious screed
- Calcium sulphate screed
- Synthetic resin screed
By Screed Type:
- Bonded Screed
- Unbonded Screed
- Floating Screed
- Flowing Screeds
- Heated Screeds
By Floor Thickness:
- Less than 30mm
- 30mm to 60mm
- Above 60mm
By End Use:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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