The "global self-leveling concrete (SLC) market" reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
In contrast to traditional concrete, self-leveling concrete contains polymer-modified cement with high flow properties and does not require the addition of excessive volumes of water for placing. Prior to applying interior floor coverings, self-leveling concrete provides a flat and smooth surface with a compressive strength similar to or higher than ordinary concrete. Self-leveling concrete has grown in popularity as the degree of flatness and smoothness required for floor covering products has increased. As vinyl goods are becoming thinner and floor tiles are becoming larger, the degree of flatness and smoothness required for floor covering products has increased.
There are two types of materials in self-leveling concrete: underlayments and toppings. Before installing any floor covering, such as sheet vinyl, vinyl composition tile (VCT), wood, ceramic tile, or carpet, an underlayment is laid over the existing subfloor to level it out and address any surface imperfections. A topping serves a similar purpose, but it also serves as the final floor, eliminating the need for a floor covering. Warehouse floors, institutional buildings, light industrial applications and retail stores are familiar places where concrete toppings are employed. Color, stains, saw cuts and mechanical polishing can be applied to concrete toppings to create a decorative concrete finished worn surface.
. Source: Source: DataM Intelligence Analysis (2022)
The growing industrialization and rapid growth in the construction sector are considered major drivers. Nonetheless, the complexities involved in utilizing self-leveling concrete act as a market restraint.
Growing industrialization and rapid growth in the construction sector
In many aspects, modern construction has evolved and improved. Due to industrialization, construction, cement and other associated businesses have all sprung up. Rapid industrialization eventually led to a rise in construction activity, which fueled the growth of concrete and allied products. The need for self-leveling concrete increases as the number of construction operations increases.
By 2025, the construction sector is expected to be worth $8 trillion, which is good news for the self-leveling concrete industry. The need for self-leveling concrete has risen due to increased industrial and building activity. The construction sector has many tasks, such as renovation and re-building, that require self-leveling concrete as a basic raw material to complete. Self-leveling concrete has several advantages, including quick-drying, smoothness and increased surface area, which is why it is the favored type of concrete in today's building sector. As a result, growing industrialization and rapid growth in the construction sector could be recognized as primary drivers for the self-leveling concrete market.
Complexities involved in utilizing self-leveling concrete
Self-leveling concrete dries quickly, so it's important to have the job done as soon as possible. After a self-leveling substance has been blended for a few minutes, it tends to solidify. The product must be mixed quickly, as per the product and the purpose for which it is being used, as it tends to dry up quickly. As a result, the product is a little too volatile and it must be handled with caution and expertise. Self-leveling concrete is quite sticky by nature and is difficult to remove once it has become adhered to a surface. As a result, the product must be handled with extreme caution and responsibility, particularly when it comes to preservation and storage.
Due to the complex nature of self-leveling concrete, the utilization of the product requires experts that can understand the aforementioned properties of the product and handle it accordingly. However, since this limits the product's demand in the market, the same factor could be concluded as a market restraint for the global self-leveling concrete market.
The COVID-19 epidemic significantly impacted the self-leveling concrete (SLC) business. The pandemic's impact on the respective market might be seen in three ways: The COVID-19 pandemic's lockdowns and government regulations have restricted the availability of raw materials and final product sales. Second, creating self-leveling concrete (SLC) needs multiple industrial procedures, which have been impeded significantly by the COVID-19 pandemic's lockdowns and government controls. As a result, the majority of self-leveling concrete (SLC) operations have shut down or are operating at a reduced capacity.
Demand for self-leveling concrete (SLC) was dropped due to the overall drop in end-user activity, leading demand-supply dynamics to alter. Nevertheless, the predicted rise in the construction industry, on the other hand, is expected to revive the market's prospects.
The global self-leveling concrete (SLC) market is classified based on type, surface, application and region.
The underlayment sector dominates the type segment due to rapid industrialization and commercialization
The self-leveling concrete (SLC) market's type segment consists of underlayment and topping. Based on type, the self-leveling concrete market can be divided into toppings and underlayment. Underlayment is expected to increase at a high rate during the predicted period. Before installing tiles, floor coverings and other items, self-leveling concrete underlayment is put on the existing subfloor surface. During the projected period, demand for underlayment self-leveling concrete will be driven by rapid expansion in industrialization and commercialization, as well as an increase in residential applications.
Source: DataM Intelligence Analysis (2022)
Asia-Pacific is expected to dominate the self-leveling concrete (SLC) market’s regional segment due to extensive investments in building projects in the region
During the projected period, Asia-Pacific is expected to develop at a faster rate and dominate the market. Self-leveling concrete is widely used in the world's most populous countries, such as India and China. During the projected period, rising demand for commercial and residential projects, as well as government initiatives to build industry hubs, educational institutes and health care institutes, would drive demand for self-leveling concrete in these nations.
Source: DataM Intelligence Analysis (2022)
The global self-leveling concrete (SLC) market is highly dynamic in terms of the number and strength of global and local producers. Because of the large number of manufacturers such as Flowcrete Group Ltd, KÖSTER BAUCHEMIE AG, LATICRETE International, Inc, CTS Cement Manufacturing Corporation, TCC Materials, Larsen Building Products, GCT Gulf Concrete Technology, Sakrete and Arkema Group, the market is classified as fragmented. To achieve competitive advantages and recognition in their particular markets, significant market stakeholders use market techniques such as mergers, acquisitions, product launches, contributions and collaborations.
Flowcrete Group Ltd
Overview: Flowcrete is a global pioneer in the production of coving solutions, seamless resin floor, wall, industrial and commercial walls and other specialty coating technologies, with manufacturing plants in the Americas, Europe, Africa and Central and Southeast Asia. The company was founded in 1892 and is headquartered in Cheshire, UK. Decorative seamless resins, waterproof car park, deck coating systems, seamless resin terrazzo, durable antimicrobial flooring, corrosion protection, self-leveling underlayments, underfloor heating and underfloor acoustic insulation are all available from Flowcrete to transform environments around the world. Flowcrete uses its global knowledge to produce ecologically friendly, hygienic and visually appealing floors to create a better and more sustainable society.
The global self-leveling concrete (SLC) market report would provide approximately 61 tables, 60 figures and almost 203 pages.
Get your free sample proposal with a single click!