The self-leveling concrete market is estimated to be USD 4.93 Billion in 2017 and is projected to reach USD 6.22 Billion by 2022, at a CAGR of 4.7% from 2017 to 2022
Surge in demand for self-leveling concrete in developing nations and the growing construction market are anticipated to drive the self-leveling concrete market in the coming years.
Based on type, the underlayment segment is projected to lead the global self-leveling concrete market during the forecast period. Self-leveling underlayment provides smooth and accurate surfaces, and helps to minimize surface imperfections and irregularities to an existing floor. The underlayment type self-leveling concrete is placed over existing subfloors before the installation of floor coverings, such as tiles, carpets, wood, and other polymer-based coverings. Rapid industrialization, growing residential and commercial construction market, along with initiatives of governments of emerging economies for the development of public infrastructure are anticipated to drive the self-leveling concrete market for underlayment in the coming years.
Commercial and residential are the key end users of the global self-leveling concrete market. Commercial is the largest end user segment of the global self-leveling market in 2017. It is also the fastest-growing end-use industry and is projected to lead the global market in the future. The growing demand for self-leveling concrete from retail spaces, educational institutions, industrial plants, restaurants, healthcare institutes, and industrial floor spaces are anticipated to drive the self-leveling concrete market during the forecast period.
The Europe region is estimated to be the largest market for self-leveling concrete in 2017. Italy and Germany are the major countries in the Europe self-leveling concrete market. The growth of the Europe self-leveling concrete market can be attributed to the rise in construction activities, followed by the growing renovation and re-construction market in the region. These factors are anticipated to drive the self-leveling concrete market in the coming years. The Asia Pacific self-leveling concrete market is expected to grow at the highest CAGR from 2017 to 2022.
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