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Self-Leveling Concrete Market Analysis | 2023-2028
Self-Leveling Concrete Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The self-leveling concrete market was estimated at USD 4.82 billion in 2022 and is likely to grow at a promising CAGR of 4.01% during 2023-2028 to reach USD 6.1 billion in 2028.
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Self-leveling concrete, also known as self-compacting concrete (SLC), is a specialized type of concrete that is designed to automatically level itself out once it is poured. Unlike traditional concrete mixes, which require significant manual leveling and troweling to achieve a smooth and level surface, self-leveling concrete spreads and settles into place on its own. Self-leveling concrete has high flowability and a relatively low viscosity. It is mixed to be more liquid than traditional concrete, allowing it to flow and settle evenly. It is used in various construction and renovation projects, including leveling floors, resurfacing existing concrete surfaces, and creating a smooth, flat substrate for flooring materials such as tile, hardwood, and carpet.
One of the primary drivers of the self-leveling concrete market's growth is the ongoing global trend of urbanization. As more people move to cities, the demand for infrastructure and housing has surged. Self-leveling concrete has emerged as a preferred choice for construction due to its ability to expedite projects, making it an ideal material for urban development. The ongoing trend of urbanization and substantial investments in infrastructure projects have significantly increased the demand for self-leveling concrete. It finds applications in a wide range of construction projects, from commercial and residential buildings to industrial facilities.
The self-leveling concrete market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing demand for self-leveling concrete in the construction industry, the growing popularity of self-leveling concrete for decorative applications, and the development of new self-leveling concrete products with improved properties.
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the Self-Leveling Concrete market. Most of the major players are providing complete profile systems including profile seals.
Note: The above list does not necessarily include all the top players in the market.
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|
Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
|
Type Analysis |
Underlayment, and Toppings |
Underlayment self-leveling concrete is expected to remain the leading segment during the forecast period. |
|
End-Use Type Analysis |
Commercial [Manufacturing, Retail, Aviation & Transportation, Science and Technology, and Others], and Residential [Single Family Home, Condominium, Town House, and Others] |
The commercial segment is projected to lead the market during the forecast period. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
The European region is estimated to be the largest market for self-leveling concrete. |
The self-leveling concrete market is segmented into two main segments: underlayment and toppings. Underlayment self-leveling concrete is expected to remain the leading segment during the forecast period. This type of concrete is used to create a smooth, even surface on which to install other flooring materials. It can also be used to correct minor unevenness in the underlying surface. Toppings self-leveling concrete is expected to grow at a faster rate during the forecast period. This type of concrete is used to create a decorative finish on concrete floors. It is available in a variety of colors and finishes and can be used to create polished, textured, or stamped concrete floors.
The market is segmented into residential and commercial. Among these, the commercial segment is projected to lead the market during the forecast period. Commercial buildings, such as schools, hospitals, and office buildings, often require smooth floors for safety and aesthetics. Self-leveling concrete is a popular choice for these applications, as it is easy to install and can be used to create a variety of finishes.
The European region is estimated to be the largest market for self-leveling concrete, with Italy and Germany being the major countries. The growth of the European self-leveling concrete market can be attributed to the rise in construction activities and the growing renovation and reconstruction market in the region. These factors are expected to continue to drive the market in the coming years. The Asia-Pacific self-leveling concrete market is expected to grow at the fastest CAGR. This growth can be attributed to the rapid urbanization and industrialization in the region, which is driving the demand for new construction projects. Additionally, the growing disposable income of consumers in the region is leading to an increase in demand for decorative concrete finishes.
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This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The self-leveling concrete market is segmented into the following categories.
By Type
By End-Use Type
By Region
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Company Profiling
Competitive Benchmarking
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Self-leveling concrete, also known as self-compacting concrete (SLC), is a specialized type of concrete that is designed to automatically level itself out once it is poured. Unlike traditional concrete mixes, which require significant manual leveling and troweling to achieve a smooth and level surface, self-leveling concrete spreads and settles into place on its own. Self-leveling concrete has high flowability and a relatively low viscosity. It is mixed to be more liquid than traditional concrete, allowing it to flow and settle evenly. It is used in various construction and renovation projects, including leveling floors, resurfacing existing concrete surfaces, and creating a smooth, flat substrate for flooring materials such as tile, hardwood, and carpet.
The self-leveling concrete market was estimated at USD 4.82 billion in 2022.
The self-leveling concrete market is likely to reach USD 6.1 billion in 2028.
The self-leveling concrete market is likely to grow at a promising CAGR of 4.01% during 2023-2028.
Dayton Superior Corporation, Durabond Products Limited, Edison Coating, Inc., Harricrete Ltd., Köster Bauchemie AG., Laticrete International, Inc., Sakrete, TCC Materials, USG Corporation, and W. R. Meadows, Inc. are the leading players in the market.
Europe is estimated to remain the dominating market for self-leveling concrete in the foreseeable future due to the rise in construction activities, followed by the growing renovation and re-construction market in the region. Also, The European market is characterized by stringent quality standards and environmental regulations, promoting the use of eco-friendly self-leveling concrete solutions.
Asia-Pacific is estimated to remain the fastest-growing market for self-leveling concrete in the foreseeable future due to the rapid urbanization and infrastructure development in countries like China and India, which are driving market growth in the region.
The commercial segment is projected to dominate the market during the forecast period owing to the growing demand for self-leveling concrete from a variety of commercial buildings, such as retail spaces, educational institutions, industrial plants, restaurants, healthcare institutes, and industrial floor spaces, which is expected to drive the self-leveling concrete market during the forecast period.
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