Due to the expanding construction industry and increasing shift to self-levelling concrete from the conventional one, the self-levelling concrete market is flourishing significantly. In the year 2017, the market generated a revenue of $5,000.3 million, and it is predicted to witness a 5.1% CAGR during the forecast period (2018–2023). Such concrete is a mixture of water and powder that has a specific flow viscosity, which permits it to gain its own level on the floor prior to setting.
Based on end-user, the self-levelling concrete market is bifurcated into residential and commercial sectors, of which, in 2017, the commercial sector led the market with a revenue generation of more than 70.0%, and it is anticipated to maintain its lead during the forecast period. The dominating position of the commercial sector can be attributed to the surging consumption of the material in commercial spaces, such as hospitals, educational institutes, and retail stores, around the globe.
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On the basis of type, the self-levelling concrete market is bifurcated into toppings and underlayment. Of the two, in 2017, underlayment held the larger share of more than 75.0% in the market, and it is expected to continue dominating it during the 2018–2023 period. Underlayment corrects and smooths any surface irregularities before the layering of ceramic tiles, wooden flooring or carpet, which is why these are widely being adopted in the residential and commercial construction sectors.
On the basis of type, the self-levelling concrete market is bifurcated into toppings and underlayment. Of the two, in 2017, underlayment held the larger share of more than 75.0% in the market, and it is expected to continue dominating it during the 2018–2023 period. Underlayment corrects and smooths any surface irregularities before the layering of ceramic tiles, wooden flooring or carpet, which is why these are widely being adopted in the residential and commercial construction sectors.
Based on end-user, the self-levelling concrete market is bifurcated into residential and commercial sectors, of which, in 2017, the commercial sector led the market with a revenue generation of more than 70.0%, and it is anticipated to maintain its lead during the forecast period. The dominating position of the commercial sector can be attributed to the surging consumption of the material in commercial spaces, such as hospitals, educational institutes, and retail stores, around the globe.
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Conventional concrete materials lead to high water consumption, require professional handling, and have low-tensile strength, which causes the opening of floor joints and cracking of coverings. As a result, many organizations operating in the self-levelling concrete market are engaging in extensive research and development to offer better concrete and flooring materials. Modern self-levelling concrete requires less water and has higher flow properties in comparison to traditional cement. These materials help in creating a smooth and flat surface with significant compressive strength.
In addition, with the innovation in the self-levelling concrete technology, enhanced materials can be mounted at a moderate thickness of just 0.125 inches, increasing up to 3 inches for highly undulated places. The expansion of the construction industry is directly influencing the demand for self-levelling concrete. This is attributed to the fact that owing to their viscosity-retention capability, these products are an ideal choice in the commercial construction niche for new buildings, floor surfaces, renovations, and non-building structures. The normal installation thickness of such concrete is nearly 0.25 inches, which ensures that enough mass is present for the flow of materials.
Browse overview of this report @ Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023
In the last two decades, the constriction niche has observed immense growth in developing economies due to rapid industrialization, which has led to the introduction of a new series of construction materials, such as isocrates and screeds in the self-levelling concrete market. The surging usage of flooring materials is expected to offer huge opportunities to financers, who are interested in investing in this fast-growing market. Further, the conventional method of floor smoothing is labor-intensive and consumes excessive water.
This has led to the adoption of self-levelling concrete in place of the traditional variant. By using this type of concrete, people can easily walk on the floor within few hours as it has eight-times faster setting power. Furthermore, it is water-resistant, has high compressive strength, and can be coated from few edges to certain inches in just one pour. Owing to these benefits, the consumption of such concrete is expected to increase during the forecast period.
Hence, the expanding construction industry is predicted to boost the market for self-levelling concrete across the world.
Conventional concrete materials lead to high water consumption, require professional handling, and have low-tensile strength, which causes the opening of floor joints and cracking of coverings. As a result, many organizations operating in the self-levelling concrete market are engaging in extensive research and development to offer better concrete and flooring materials. Modern self-levelling concrete requires less water and has higher flow properties in comparison to traditional cement. These materials help in creating a smooth and flat surface with significant compressive strength.
In addition, with the innovation in the self-levelling concrete technology, enhanced materials can be mounted at a moderate thickness of just 0.125 inches, increasing up to 3 inches for highly undulated places. The expansion of the construction industry is directly influencing the demand for self-levelling concrete. This is attributed to the fact that owing to their viscosity-retention capability, these products are an ideal choice in the commercial construction niche for new buildings, floor surfaces, renovations, and non-building structures. The normal installation thickness of such concrete is nearly 0.25 inches, which ensures that enough mass is present for the flow of materials.
Browse overview of this report @ Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023
In the last two decades, the constriction niche has observed immense growth in developing economies due to rapid industrialization, which has led to the introduction of a new series of construction materials, such as isocrates and screeds in the self-levelling concrete market. The surging usage of flooring materials is expected to offer huge opportunities to financers, who are interested in investing in this fast-growing market. Further, the conventional method of floor smoothing is labor-intensive and consumes excessive water.
This has led to the adoption of self-levelling concrete in place of the traditional variant. By using this type of concrete, people can easily walk on the floor within few hours as it has eight-times faster setting power. Furthermore, it is water-resistant, has high compressive strength, and can be coated from few edges to certain inches in just one pour. Owing to these benefits, the consumption of such concrete is expected to increase during the forecast period.
Hence, the expanding construction industry is predicted to boost the market for self-levelling concrete across the world.
