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Asia Pacific Polyurethane Screed Market Trends Driving Growth from US$ 427.5 Million to 806.3 Million by 2031 | TMR Research
Asia Pacific Polyurethane Screed Market
It is estimated to grow at a CAGR of 7.4% from 2023 to 2031 and reach US$ 806.3 Mn by the end of 2031
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Market Overview
The Asia Pacific region has seen significant growth in the polyurethane screed market, driven by rapid industrialization, urbanization, and stringent hygiene and safety regulations. Countries like China, India, Japan, and South Korea are leading markets, supported by expanding manufacturing bases and infrastructure development. The food and beverage industry is a major consumer of polyurethane screeds due to the need for seamless, hygienic, and durable flooring. Additionally, rising investments in healthcare and pharmaceuticals are contributing to the demand for specialized flooring solutions.
Key Drivers of Growth
Several factors drive the growth of the polyurethane screed market in Asia Pacific. The rapid industrialization across the region has increased the demand for durable flooring solutions in factories and warehouses. Growing awareness of hygiene and safety standards, particularly in food processing and pharmaceutical industries, has led to the adoption of polyurethane screeds. Additionally, the construction industry's growth, supported by urbanization and government infrastructure projects, has further boosted demand. The material's excellent resistance to abrasion, thermal shock, and chemicals positions it as an ideal solution for high-performance environments.
Recent Trends
The Asia Pacific polyurethane screed market is witnessing several trends that are reshaping its landscape. Sustainability is becoming a key focus, with manufacturers introducing eco-friendly and low-VOC (volatile organic compounds) screed solutions. Technological advancements in application methods are reducing installation times and costs, enhancing market adoption. Customization options, such as varied colors and finishes, are gaining popularity to meet specific aesthetic and functional requirements. Additionally, growth in e-commerce and cold storage facilities is driving demand for durable and temperature-resistant flooring solutions.
Top Companies:
Asian Paints PPG Pvt. Ltd.
Flowcrete Group Ltd.
Fosroc
Sika Group
ARDEX Group
KOSTER BAUCHEMIE AG
MC-Bauchemie
Rockmax Company Limited
Saint-Gobain
Others
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Challenges
Despite its growth potential, the market faces challenges such as high initial installation costs compared to traditional flooring options, which may deter cost-sensitive customers. The complexity of application and the need for skilled labor also pose challenges, particularly in developing economies. Additionally, competition from alternative flooring solutions, such as epoxy coatings and vinyl tiles, adds pressure on market players to differentiate their offerings.
Future Outlook
The Asia Pacific polyurethane screed market is poised for significant growth in the coming years, supported by rising industrial activities and stringent regulatory standards for hygiene and safety. Emerging economies in Southeast Asia, such as Indonesia, Vietnam, and Thailand, present lucrative opportunities as infrastructure development accelerates.
The market is expected to witness advancements in sustainable polyurethane screed formulations and application technologies, enhancing performance and reducing environmental impact. As industries prioritize durability, hygiene, and sustainability, polyurethane screed is set to remain a preferred choice in flooring solutions across the Asia Pacific region.
Market Segmentation
By Thickness
Less than 8mm
8mm to 12mm
Above 12mm
By Type
Self-leveling System
Plastering System
Wall System
By End-use
Food & Beverage
Dairy Plants
Breweries
Food Packaging Facilities
Others
Healthcare Facilities
Pharmaceuticals
Chemical Plants
Automotive
Industrial
Others
Regions
North America
Europe
Asia Pacific
Middle East & Africa
South America
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About Transparency Market Research
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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