Floor Screed Market: Global Industry Analysis and Forecast (2023-2029)

Floor Screed Market has valued at US$ 1.32 Bn. in 2022. The Global Floor Screed Market size is estimated to grow at a CAGR of 4.9% over the forecast period.
Floor Screed Market Overview:
A Floor Screed is often a cementitious material with a cement-to-sharp-sand ratio of 1:3 or 1:4.5. It is applied to a precast concrete floor unit or a solid in-situ concrete ground floor slab.

Cement, sand (fine or sharp), and fine aggregates make up floor screeds, which resemble soil. The maximum grain size for dry screed varies between 4mm and 5mm. An internal floor screeds are a common material for floor finishing. They provide a sleek finish to the flooring. The screed is applied on a suitable membrane that is either set on top of the slab or directly on the base floor. As floating screeds are laid to an insulating surface, they are often utilized for underfloor heating systems. Liquid screeds are also known as flowing screeds. By using coarser materials, industrial screeds can be used for more heavy-duty applications.To know about the Research Methodology :- Request Free Sample Report
Floor Screed Market Dynamics:
The building and construction businesses have exploded in response to the world's growing population and urbanization. The growth of the building industry and the development of infrastructure have resulted in a significant increase in demand for construction materials, such as floor screeds. During the forecast period, the construction industry's growth is expected to be fueled by continued infrastructure development and increased building and construction activities, implying an increase in the use of construction materials like floor screeds.

For Instance, cities are home to around 55% of the world's population or 4.2 billion people. According to MMR’s estimates, by 2050, the urban population will have more than doubled from its current level, and about 7 out of 10 people are expected to live in cities across the globe. Indeed, with cities accounting for more than 80% of global GDP, urbanization has the potential to foster long-term growth if properly managed, allowing for innovation and new ideas to emerge. As a result, increased urbanization across the globe is hastening the improvement of global infrastructure, resulting in an increase in construction projects worldwide.

The global floor screeds market will benefit from increased infrastructure and real estate investment, as well as shifting attitudes toward the development of more beautiful buildings with improved interiors. In addition, the growing disposable income and shifting preferences for high-quality flooring are expected to boost demand for floor screeds through the forecast period. The rise of the middle class, along with an increase in housing and commercial space, has positioned the floor screeds market in a very profitable position.
Floor Screed Market Segmentation:
Based on the Product Type, the Floor Screed Market is divided into Bonded, Un-bonded, Floating, Flowing, Heated, and Others. The Un-bonded type segment held the largest market share accounting for 39.2% in 2022. The growing adoption of segment due to un-bonded screed is applied on a water-resistant membrane over a concrete-based surface..

Based on End Use Industry, the Floor Screed Market is segmented into Residential, Commercial, and Industrial. Due to the extensive use of floor screed in the residential segment, the residential segment is likely to grow at a large rate throughout the forecast period.
Floor Screed Market Regional Insights:
The North America region held the largest market share accounting for 43.1% in 2022. The construction and infrastructure business in Asia Pacific is growing steadily, due to the rising urbanization and population in the region, along with an increase in the number of government-sponsored construction projects, making Asia Pacific a significant market for floor screeds. Due to the infrastructure development in North America and Europe being a top priority, countries in these regions are expected to be a prospective market for floor screeds.

South America's growing industrialization and urbanisation have fueled the growth of the building and construction sector, making the region a promising market for floor screeds. Meanwhile, the Middle East and Africa region are focusing on infrastructure development, making it a potential growth market for floor screeds during the forecast period.

The objective of the report is to present a comprehensive analysis of the Floor Screed Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Floor Screed Market dynamics, and structure by analyzing the market segments and projecting the Floor Screed Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Floor Screed Market make the report investor’s guide.
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Floor Screed Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 1.32 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US$ 1.84Bn.


 Segments Covered:
by Screed Type
Bonded
Un-bonded
Floating
Flowing
Heated
Others


by Material Type
Sand/cement
Calcium sulfate
Synthetic resin screed


by End Use Industry
Residential
Commercial
Industrial



Floor Screed Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Floor Screed Market, Key Players are
1. Longcliffe Quarries
2. Flowcrete Group
3. Munster Floor Screed
4. Sika Group
5. Rapid ReadyMix Concrete
6. Cemex UK
7. Tarmac
8. EasyMix Concrete UK
9. Base Concrete Company
10. Premier Floor Screed
11. GM Floor Screeds
12. LKAB Minerals
13. Saint-Gobain Weber
14. PC Flooring
15. Ronacrete
16. Others

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global  Market?
Ans: The Global  Market is growing at a CAGR of 4.9% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global  Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global  market?
Ans: The important key players in the Global Market are – Longcliffe Quarries, Flowcrete Group, Munster Floor Screed, Sika Group, Rapid ReadyMix Concrete, Cemex UK, Tarmac, EasyMix Concrete UK, Base Concrete Company, Premier Floor Screed, GM Floor Screeds, LKAB Minerals, Saint-Gobain Weber, PC Flooring, Ronacrete, and Others

5. What is the study period of this market?
Ans: The Global Market is studied from 2022 to 2029.