Self-levelling concrete market
The self-levelling concrete market is estimated to be USD 4.93bn (INR 100bn) in 2017 and is projected to reach USD 6.22bn by 2022, growgin at a CAGR of 4.7% from 2017 to 2022. This growth can be attributed to increasing demand from commercial and residential construction markets .
Based on type, the underlayment segment of the self-levelling concrete market is anticipated to grow at the highest CAGR during the forecast period. Underlayment concrete is placed over the surface of existing subfloors before the installation of floor coverings, such as tiles, carpets, wood, or polymer-based coverings. Rapid industrialisation and growth of the residential construction market, followed by government initiatives for the development of public infrastructures are anticipated to drive the underlayment segment of the self-levelling concrete market in future.
The major end-user market for self-levelling concrete is commercial, which includes retail spaces, educational institutions, industrial plants, restaurants, healthcare institutes, and others, where it is used for making new floors, and repairing and renovating existing floors.
The self-levelling concrete market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. China, India, Japan, Taiwan, and South Korea are the key countries contributing to high demand.
Key players in the market are Ardex Group (Germany), Mapei S.p.A (Italy), LafargeHolcim (Germany), Arkema Group (France), Saint-Gobain S.A. (France), Sika AG (Switzerland), USG Corporation (US), The Quikrete Companies (US), Duraamen Engineered Products, Inc. (US), Durabond Products Limited (Canada), Fosroc (UK), MYK Shomburg (India), Harricrete Ltd. (Trinidad and Tobago), Flowcrete (UK), Koster Bauchemie AG (Germany), Sakrete (US), Laticrete International, Inc. (US), CTS Cement (US), Dayton Superior Corporation (US), W.R. Meadows, Inc. (US), TCC Materials (US), Larsen Building Products (UK), Durex Coverings, Inc. (US), Edison Coatings Inc. (US) and ACG Materials (US).
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