NEWARK, Del, April 18, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global floor screed market value is expected to increase from US$ 14,231.7 million in 2024 to US$ 25,610.9 million by 2034. The market is projected to surge at a CAGR of 6.0% by 2034.
The increasing construction activity worldwide is the key factor contributing to the floor screed market growth. The need for dependable, high-quality flooring solutions is surging due to the fast urbanization, population growth, and infrastructure development projects in developed and emerging economies.
The demand for floor screed is anticipated to be fueled by technological developments and advancements in the construction industry. Floor screed performance features, like strength, durability, and application ease, are always being enhanced by manufacturers through research and development. It is anticipated that introducing eco-friendly formulations, self-leveling, and quickly drying floor screeds would expand the market and draw in more consumers.
Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-9593
Sustainable and energy-efficient construction solutions are becoming increasingly popular as governments impose more stringent environmental laws and green building standards worldwide. Producers are poised to benefit from this trend and get a competitive edge in the market by providing sustainable floor screed solutions, such as those derived from recycled materials or with reduced carbon footprints.
Key Takeaways from the Report
- The global market for floor screed is projected to thrive at 6.0% CAGR through 2034.
- By material type, the synthetic resin screed segment is expected to reach US$ 13,726.3 million by 2034.
- By end-use, the residential segment is set to hold a market share of 49.6% in 2024.
- East Asia is expected to account for a significant share of about 26.3% in 2034.
- The United States is anticipated to reach US$ 2,461 million by 2034.
- China is projected to attain a valuation of US$ 2,850 million by 2034.
"The global floor screed market is expected to rise due to increased infrastructure, real estate investment, and a shift toward beautiful buildings with improved interiors. The rising disposable income and preference for high-quality flooring are projected to boost demand, taking the market to a profitable position due to the rise of the middle class and increased housing & commercial space.” - says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights! https://www.futuremarketinsights.com/checkout/9593
Competitive Landscape
Key players are focusing on expanding domestic production and technology areas of floor screed to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovating existing ones to meet end-user demand.
Key Companies Profiled
- Sika Group
- Saint-Gobain Weber
- Holcim
- Edilteco Group
- Flexcrete
- Colmef Monneli
- Terraco
- Knauf
- Pretoria Portland Cement
- Pidilite Industries Ltd.
- Anhydritec Ltd.
- Uzin Utz SE
- Cemex
- Flowcrete Group Ltd.
- Sto SE
- UltraTech Cement
- Mapei
- Ronacrete
Recent Developments-
- In May 2023, Sika acquired MBCC Group, formerly BASF Construction Chemicals. The acquisition is expected to support Sika's growth and market penetration in Eastern Canada.
- In March 2021, CEMEX launched a Supaflo® Rapide self-smoothing, leveling screed with significant drying time and sustainability solutions.
Request Report Methodology! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-9593
Floor Screed Market Segmentation by Category
By Material Type:
- Cementitious Screed
- Calcium Sulphate Screed
- Synthetic Resin Screed
By Floor Thickness:
- Less than 30mm
- 30mm to 60mm
- Above 60mm
By Delivery Method:
- Bags
- Silos
- Transmix Trucks
- Pump Trucks
- Ready-mix Trucks
- Others
By Screed Type:
- Bonded Screed
- Unbonded Screed
- Floating Screed
- Flowing Screed
- Heated Screed
By End-use:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
Authored by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore FMI's Extensive Coverage in the Chemical and Materials Domain:
As per the updated report by Future Market Insights analysis, the lead research consultant expects the polymer concrete market value to reach US$ 541.4 million in 2024.
The global specialty polystyrene resin (SPR) market is assessed to reach a valuation of US$ 135 million by 2024 and is estimated to reach a value of US$ 195 million by 2034,
With a steady CAGR of 5.4% from 2023 to 2033, this concrete floor coatings market is expected to reach USD 5.16 Billion by 2023 and USD 8.74 Billion by 2033.
The geotextile tube market is expected to be valued at US$ 3.7 billion in 2024. The market is projected to witness healthy progress from 2024 to 2034, registering an expected CAGR of 9.9%.
The global vinyl flooring market Size is projected to attain a valuation of US$ 29,885.25 million in 2023 and is estimated to reach US$ 57,699.15 million by 2033 while exhibiting a CAGR of 6.8% during the forecast period.
From 2023 to 2033, the wood plastic composite (WPC) floorings market is to register a 7.0% CAGR, reaching US$ 4.19 billion by 2033.
The consistent growth forecasts indicate that the global textile flooring market is poised to achieve an impressive valuation of US$ 10,251.42 million by 2033.
The global water proof coatings market is set to thrive at a CAGR of 4.02% between 2022 and 2032 while holding a value of US$ 15.81 Billion in 2022. The anticipated value of US$ 23.45 Billion by 2032.
Construction chemical market valuation expected to a staggering US$ 79,548.1 million as of 2034.
Overall demand for construction fabrics rising at a compound annual growth rate (CAGR) of 4.1%. By 2034, the total market valuation is set to reach US$ 18.0 billion.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
