Floor Screed Market Size - By Type (Bonded screed, Unbonded screed, Floating screed, Heated screed), Application (Residential, Non-Residential {Commercial, Industrial}), Regional outlook & Global Forecast, 2024 – 2032

Floor Screed Market Size

Floor Screed Market was valued at around USD 13.6 billion in 2023 and is anticipated to register a CAGR of over 6.2% between 2024 and 2032, owing to the booming construction industry worldwide, particularly in emerging economies where rapid urbanization and infrastructure development projects are underway. As more commercial, residential, and industrial buildings are being constructed, the need for durable, level flooring solutions becomes paramount, thereby driving the demand for floor screeds.

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The advancements in materials and technology have led to the development of innovative floor screed products that offer enhanced performance characteristics such as rapid drying, improved strength, and superior workability. These innovations not only cater to the evolving needs of contractors and developers but also contribute to the overall growth and competitiveness of the market. Additionally, the rise of the renovation and remodeling sector has further bolstered the demand for floor screeds, as older buildings and structures undergo refurbishment to meet modern standards and aesthetic preferences. This presents lucrative opportunities for manufacturers and suppliers operating in the floor screed industry to capitalize on the growing demand for renovation projects.
 

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The prices of key raw materials such as cement, aggregates, and additives can be highly volatile due to various factors including changes in global demand, geopolitical tensions, and fluctuations in currency exchange rates. These price fluctuations can disrupt production schedules, increase manufacturing costs, and ultimately lead to higher prices for floor screed products. Manufacturers may struggle to maintain profitability and competitiveness in the face of unpredictable raw material costs, while consumers may experience price instability and budgetary constraints when planning construction or renovation projects. Moreover, sudden spikes in raw material prices can strain supply chains and cause delays in product delivery, further exacerbating the challenges faced by both suppliers and end-users.

Floor Screed Market Trends

One prominent trend is the increasing demand for sustainable and eco-friendly floor screed solutions. With growing awareness about environmental issues and the push towards green building practices, there is a rising preference for floor screeds that are manufactured using recycled materials, produce lower carbon emissions, and contribute to energy efficiency. This trend is driving manufacturers to innovate and develop eco-friendly formulations while also prompting construction professionals and end-users to prioritize sustainable flooring options.

Another significant trend is the adoption of advanced technologies in floor screed production and application. Manufacturers are leveraging innovations such as self-leveling screeds, rapid-drying formulations, and automated application systems to enhance efficiency, reduce installation time, and improve overall product performance. These technological advancements not only offer benefits in terms of speed and quality but also address challenges such as labor shortages and skilled workforce requirements in the construction industry.

Floor Screed Market Analysis

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Based on type, the bonded screed segment was crossed USD 6.9 billion in 2023 and is expected to reach over USD 10.5 billion by 2032, owing to widespread use in commercial and residential construction projects, where a strong bond to the substrate is essential. Unbonded screeds, on the other hand, enjoy a sizable market share due to their versatility and suitability for projects where a separation layer is needed between the screed and the substrate to accommodate movement or insulation. Floating screeds, which are not bonded to the substrate and are instead laid over insulation material, hold a notable market share, particularly in projects requiring acoustic or thermal insulation properties.

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Based on application, the residential applications accounted for over 58% share of the floor screed market in 2023 and is projected to grow through 2032. The residential segment holds a significant portion, driven by the extensive use of floor screeds in residential construction projects such as single-family homes, apartments, and condominiums. The demand for smooth, level surfaces in residential settings, along with the popularity of various floor finishes, underscores the importance of floor screeds in this segment. The non-residential sector, encompassing commercial, industrial, and other specialized applications, also commands a considerable market share.

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Asia Pacific floor screed market size surpassed USD 5.2 billion in 2023 and is likely to exceed USD 9 billion by 2032. The region's burgeoning construction industry, fueled by rapid urbanization, infrastructure development, and economic growth, drives the demand for floor screeds across various residential, commercial, and industrial projects. Countries in Asia Pacific are experiencing robust construction activities, particularly in emerging economies such as China, India, and Southeast Asian nations, where large-scale urbanization and infrastructure investments are underway. This creates a substantial demand for floor screeds to provide smooth, level surfaces for diverse flooring finishes in both new construction and renovation projects.

As the world's most populous country and a global manufacturing hub, China exhibits a massive demand for floor screeds across residential, commercial, and industrial sectors. The country's rapid urbanization, along with government initiatives to promote sustainable development and green building practices, further amplifies the demand for high-quality and eco-friendly floor screed solutions. Additionally, China's robust manufacturing sector supports the production of a wide range of floor screed materials, contributing to its dominance in the regional market.

Floor Screed Market Share

Flowcrete stands out as a prominent player, known for its innovative range of high-performance flooring solutions catering to various industries worldwide. Sika Group, with its global presence and comprehensive portfolio of construction chemicals, including floor screeds, poses stiff competition, leveraging its expertise in research and development to drive product innovation and customer satisfaction. Saint Gobain, a leader in sustainable building materials, offers a diverse range of floor screeds under its Weber brand, emphasizing quality, durability, and environmental responsibility.

Floor Screed Market Companies

Major players operating in the floor screed industry include

• Ardex
• CES Quarry Products
• Colmef Monneli
• Edilteco Group
• Floorex
• Flowcrete
• Polycote
• Saint Gobian
• Sika Group
• Simcrete India
• SMET Building Products
• Terraco Group

Floor Screed Industry New

• In October 2023, Flowcrete, a Tremco CPG UK brand, introduced Isocrete Ultimate K-Screed, an innovative addition to its screed range. Designed for semi-dry cementitious screeds, this liquid additive, when used with approved sand and cement, is ideal for various commercial applications.
• In March 2023, Ligchine, a Wisconsin-based manufacturer specializing in remote-control, laser-guided concrete screeds, announced the development of its most productive ScreedSaver model yet. Unveiled at the World of Concrete event in January, the new ScreedSaver Ultra Plus is designed for contractors engaged in flatwork concrete projects. It features a heavy-duty boom extending up to 20 feet, surpassing its predecessors by 2 feet. Equipped with the new Ultra Performance 14.5-foot screed head, the longest in the company's lineup, the screed can efficiently level 240 square feet per pass. This productivity represents a significant increase, with 20 more square feet per pass compared to the company's next largest machine, the ScreedSaver Pro. Additionally, the ScreedSaver Ultra Plus can be conveniently operated from an onboard station, enhancing ease of use and control for operators during concrete placement.

This floor screed market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments

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Market, By Type

• Bonded screed
• Unbonded screed
• Floating screed
• Heated screed

Market, By Application

• Residential
• Non-Residential
  • Commercial
  • Industrial
  • Other

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA