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How is Expanding Construction Industry Driving Self-Levelling Concrete Market?

04-06-2020 09:26 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

The construction industry is witnessing rapid growth, primarily in developing countries, due to globalization, high migration rate from rural to urban areas, and increasing middle-class population. The economic growth of a country is directly linked with infrastructural development, which is why, the governments of the emerging economies are increasingly focusing on construction of new buildings, in both commercial and residential sectors, and repairing the old, worn-out infrastructure. It is due to these factors, that the demand for self-levelling concrete is growing. Self-levelling concrete is basically a mixture of water and powder and has exclusive flow viscosity that allows it to attain its own level in the floor before setting.

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Self-levelling products are majorly preferred in the commercial sector for making new buildings, non-building structure, renovations, restructuring, and making floor surfaces, as the viscosity is retained of the product. The typical installation thickness of self-levelling concrete is approximately 0.25 inches, which ensures that there is enough mass present for the material to flow. Attributed to these advantages, the market for self-levelling concrete is registering considerable growth; as per a report by P&S Intelligence, in 2017, the global self-levelling concrete market reached a value of $5,000.3 million and is predicted to advance at a 5.1% CAGR during the forecast period (2018-2023).

Among the different regions, namely Latin America (LATAM), North America, Asia-Pacific (APAC), Middle East and Africa (MEA), and Europe, the highest demand for self-levelling concrete was created by Europe during 2013-2017 and the situation is expected to be the same in the coming years as well. The reason for this is the rising requirement for repair and renovation of commercial buildings, schools, malls, and houses. The fastest growth in demand is projected to be registered by the APAC region during the forecast period due to the increasing demand for self-levelling products from countries including India, South Korea, China, Taiwan, and Japan.

The shift from traditional methods of levelling to self-levelling concrete is a major driving factor of the self-levelling concrete market. The conventional methods of floor labelling require excess of water and are labor-intensive. In addition to this, stiffness caused because of the usage of concrete in traditional flooring process results in the need for more labor in order to set them in place for proper finishing. Due to these factors, the end-users are moving towards self-levelling concrete. It has eight times faster setting power as compared to traditional concrete and can be walked upon in a few hours after setting, which is why its demand is increasing.

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Competitive Landscape

Some of the key players operating in the global self-levelling concrete market are Arkema Group, Saint-Gobain S.A., Duraamen Engineered Products Inc., Durex Covering Inc., ARDEX Group, LafargeHolcim Ltd., ACG Materials, Durabond Products Ltd, The QUIKRETE Companies Inc., and CTS Cement Manufacturing Corporation.

GLOBAL SELF-LEVELLING CONCRETE MARKET SEGMENTATION

By Type

Underlayment
Toppings
By End-User

Commercial
Residential
By Region

North America
U.S.
Canada
Europe
Italy
Germany
Spain
France
U.K.
Russia
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Taiwan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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