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

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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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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Hey there! You know how those flooring guys are always looking for better ways to do their job? Well, some smart cookies have come up with new and improved floor screeds. These are the materials that go underneath your flooring to make it strong and smooth. These new screeds are drying faster, are even stronger than before, and are way easier to work with. They're not only making life better for contractors, but they're also helping the flooring industry grow bigger and better. And get thisas we're fixing up old buildings and making them look pretty again, we need more of these screeds. So, companies that make and sell them are in for a sweet ride!

Floor Screed Market Report Attributes
Report Attribute Details
Base Year 2023
Floor Screed Market Size in 2023 USD 13.6 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 6.2%
2032 Value Projection USD 23.4 Billion
Historical Data for 2021 - 2023
No. of Pages 250
Tables, Charts & Figures 250
Segments covered Type, Application
Growth Drivers
  • Increasing construction activities
  • Expansion of the renovation and remodeling sector
  • Technological advancements in floor screed materials
Pitfalls & Challenges
  • Fluctuating raw material prices
  • Intense competition among market players

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Imagine you're planning to build or fix up your home. You've got the plans and the crew lined up, but there's just one problemthe cost of the materials you need keeps going up and down like a roller coaster. That's because things like cement, gravel, and those special additives they use in flooring can cost a lot more or less depending on what's happening around the world. If other countries suddenly want more of these materials, or if there are political problems, or even if the exchange rate for our money changes, the prices can jump or drop. This makes it tough for companies that make floor screed, which is the stuff that goes under your tiles or carpet. They might have to pay more for the materials, which means they have to charge you more. It's not easy for them to stay profitable when the costs are up and down so much. And for you, it means that planning a project can be a headache because you're not sure what things will cost in the future. Oh, and if the prices go up too fast, it can even cause delays because suppliers may not be able to get the materials they need. It's a bumpy ride for everyone involved!

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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The market for screeds, which are layers of material laid over a floor to smooth it out, is booming! Bonded screeds, which create a strong connection with the floor below, are a popular choice for commercial and residential buildings, and their sales reached a whopping $6.9 billion in 2023. Experts predict they'll climb to over $10.5 billion by 2032. Unbonded screeds, which sit on a separating layer, are also doing well in the market. They're a good option for projects where you need some wiggle room or extra insulation between the screed and the floor. Finally, floating screeds are the floating stars of the market, especially for projects that need soundproofing or temperature control. These screeds rest on top of insulation material and aren't attached to the floor below.

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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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Hey there! You won't believe this, but the floor screed market in Asia-Pacific has just blown past a whopping $5.2 billion in 2023. And get thisit's on track to smash through $9 billion by 2032! Why the sudden boom? Well, it's all thanks to the construction frenzy that's gripping the region. With cities expanding faster than ever, new buildings popping up like mushrooms, and infrastructure getting a major makeover, the demand for floor screeds is skyrocketing. It's not just big cities like Beijing, Delhi, and Bangkok that are driving this growth. Even smaller towns and rural areas are getting in on the action, as urbanization and economic growth spread across the Asia-Pacific like wildfire. And guess what? Floor screeds are essential for creating those smooth, even surfaces we all love in our homes, offices, and factories. So, it's no wonder that the floor screed market is on fire in Asia-Pacific. With the construction industry humming along, there's going to be a huge appetite for these trusty materials for many years to come.

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

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1   Market scope & definition

1.2   Base estimates & calculations

1.3   Forecast calculation

1.4   Data sources

1.4.1   Primary

1.4.2   Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1   Industry 360-degree synopsis

Chapter 3   Industry Insights

3.1   Industry ecosystem analysis

3.1.1    Key manufacturers

3.1.2    Distributors

3.1.3    Profit margins across the industry

3.2   Industry impact forces

3.2.1    Growth drivers

3.2.1.1    Increasing construction activities

3.2.1.2    Expansion of the renovation and remodeling sector

3.2.1.3    Technological advancements in floor screed materials

3.2.2    Market challenges

3.2.2.1    Fluctuating raw material prices

3.2.2.2    Intense competition among market players

3.2.3    Market opportunity

3.2.3.1    New opportunities

3.2.3.2    Growth potential analysis

3.3   Raw material landscape

3.3.1    Manufacturing trends

3.3.2    Technology evolution

3.3.2.1    Sustainable manufacturing

3.3.2.1.1    Green practices

3.3.2.1.2    Decarbonization

3.3.3    Sustainability in raw materials

3.3.4    Raw material pricing trends (USD/Ton)

3.3.4.1    U.S.

3.3.4.2    European Union

3.3.4.3    UK

3.3.4.4    China

3.3.4.5    Southeast Asia

3.3.4.6    GCC

3.4   Regulations & market impact

3.5   Porter’s analysis

3.6   PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1   Company market share analysis

4.2   Competitive positioning matrix

4.3   Strategic outlook matrix

Chapter 5   Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)

5.1   Key trends

5.2   Bonded screed

5.3   Unbonded screed

5.4   Floating screed

5.5   Heated screed

Chapter 6   Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)

6.1   Key trends

6.2   Residential

6.3   Non-Residential

6.3.1    Commercial

6.3.2    Industrial

6.3.3    Other

Chapter 7   Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

7.1   Key trends

7.2   North America

7.2.1   U.S.

7.2.2   Canada

7.3   Europe

7.3.1   Germany

7.3.2   UK

7.3.3   France

7.3.4   Italy

7.3.5   Spain

7.3.6   Rest of Europe

7.4   Asia Pacific

7.4.1   China

7.4.2   India

7.4.3   Japan

7.4.4   South Korea

7.4.5   Australia

7.4.6   Rest of Asia Pacific

7.5   Latin America

7.5.1   Brazil

7.5.2   Mexico

7.5.3   Argentina

7.5.4   Rest of Latin America

7.6   MEA

7.6.1   Saudi Arabia

7.6.2   UAE

7.6.3   South Africa

7.6.4   Rest of UAE

Chapter 8   Company Profiles

8.1   Ardex

8.2   CES Quarry Products

8.3   Colmef Monneli

8.4   Edilteco Group

8.5   Floorex

8.6   Flowcrete

8.7   Polycote

8.8   Saint Gobian

8.9   Sika Group

8.10   Simcrete India

8.11   SMET Building Products

8.12   Terraco Group

   

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

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