Self-Levelling Concrete Market

CITY, Country, 2019-Jul-17 — /EPR Network/ —The market growth is mainly driven by the growing use of self-levelling concrete in the commercial and residential construction sectors. The increasing demand for renovation and repairment of schools, hospitals, offices, and malls is primarily contributing to the increase in the demand of self-levelling products in the commercial sector.

On the basis of type, the self-levelling concrete market is categorized into underlayment and toppings. Underlayment is estimated to be a larger category in the market, with more than 75.0% in 2017. The larger share of underlayment is attributable to its wide use in the levelling of concrete subfloors for interior applications, in both residential and commercial buildings.

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North America is the second largest revenue generating region in the self-levelling concrete market. The market in North America is primarily driven by high infrastructure investment by government and private sectors. As per Brooking Institution data, in 2016, the U.S. president announced to invest $1 trillion in the next 10 years towards the development of America’s infrastructure such as schools, hospitals, and ports. High construction spending by top cities of the region also fuels the self-levelling concrete market growth.

In terms of end-user, the self-levelling concrete market is categorized into commercial and residential sectors. The commercial end user is estimated to account for a larger share in the market, with more than 70.0% contribution in 2017. The large share of commercial end user can be ascribed to the increasing demand of renovation of many commercial buildings, and increased funding by government for civil engineering projects. For instance, as per the German Finance Ministry data, in 2015, about $0.039 billion was invested by the government for the infrastructural development of schools and hospitals in Germany.

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The existing concrete materials require high consumption of water, need experts for handling, and have low tensile strength. The use of such concrete materials is least durable and causes opening of floor joints, laitance, and cracks in floor coverings. There have been taking place improvements in the properties of existing concrete materials to solve these flooring problems. Many companies in the market are undergoing extensive R&D in order to bring innovation to concrete and flooring materials. Hence, improvement in the properties of the existing concrete material is the major trend witnessed in the self-levelling concrete market.

Some of the key players operating in the global self-levelling concrete market are Arkema Group, Saint-Gobain S.A., Duraamen Engineered Products Inc., Durex Covering Inc., ARDEX Group, LafargeHolcim Ltd., ACG Materials, Durabond Products Ltd, The QUIKRETE Companies Inc., and CTS Cement Manufacturing Corporation.

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