The market growth is mainly driven by the growing use of self-levelling concrete in the commercial and residential construction sectors. The increasing demand for renovation and repair of schools, hospitals, offices, and malls is primarily contributing to the increase in the demand of self-levelling products in the commercial sector.
The end user areas of the self-levelling concrete market are segmented into commercial and residential. Commercial is a larger end user than residential, with an estimated share of 73.4% in 2017, in the global self-levelling concrete market, owing to increasing construction activities in the commercial sector worldwide.
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On the basis of type, the self-levelling concrete market is segmented into underlayments, and toppings. The self-levelling underlayments provides smooth surfaces for covering the floor. Underlayments helps in minimizing surface irregularities and imperfections, which is promoting its growth in the residential and commercial sectors. Toppings act as finished floor without the need for a floor covering. Some of the application areas of toppings are industrial, retail stores, and warehouse floors.
Increase in the growth of the construction industry directly impacts the demand of self-levelling concrete. This is due to the fact that self-levelling products are a preferred choice in the commercial construction sector for making floor surfaces, new buildings, renovations, non-building structures, and restructuring. The main quality of self-levelling which makes it highly used in construction is that it retains the viscosity of the product. The typical installation thickness of self-levelling concrete is around 0.25 inches, which ensures that there is enough mass present for the material to flow. This further raises the demand for self-levelling concrete from commercial and residential construction industries, thereby driving the growth of the self-levelling concrete market.
Latin America is estimated to hold 9.3% share in the global self-levelling concrete market in 2017. Latin America is the fourth largest producer and consumer of construction materials in the world. Hence, the demand for construction materials and equipment is growing at a fast rate in the region. The market in the region is also driven by the growing demand for housing and increasing middle-class population in the region. As per Homeless World Cup Foundation data, in 2014, a large number of people in Brazilian cities were homeless. For instance, about 5,500 people in Rio de Janeiro, and around 15,000 in São Paulo were homeless in 2014. Therefore, in 2014, the government of Brazilian cities planned to build 55,000 housing units over the next three years. This has led to the increase in the demand of construction materials, which in turn has fueled the growth of the market.
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Europe is estimated to account for the largest share in the self-levelling concrete market, with more than 30.0% contribution in 2017. The market in Europe is primarily driven by the growing local real estate construction industry. In Europe, the local real estate experts have witnessed an increase in focus on supply chain integration in the construction market in 2016. This has increased the commercial construction activity in the region, which in turn has propelled the market growth.
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.
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