Self-leveling Concrete Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Self-leveling Concrete Market Growth & Trends

The global self-leveling concrete market size is anticipated to reach USD 6.83 million by 2030, expanding at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for leveling compounds is increasing on account of the benefits such as ease of installation, lower cost, and labor & time savings. Self-leveling concrete settles down faster and provides a pleasant aesthetic look with the evenness of the floor. It is also durable and crack-resistant. Other factors such as rapid industrialization and the growing residential & commercial construction industries, are expected to drive the overall growth.

The growing construction along with the government subsidies for the renovation and redevelopment of floor surfaces and anticipated to boost the market’s growth. For instance, under the HUD home improvement loan programs, the U.S. government provides financial assistance for home improvements at the state level. This, in turn, increases the spending capacity and eventually leads to the rise in home renovations. Besides, most manufacturers are also increasingly investing in research & development (R&D) for the development of various additives and cements where the settling is done with less or no human intervention. DIY trend further supports the demand in the market due to lower labor requirements for flooring preparation compared to conventional methods.

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Self-leveling Concrete Market Report Highlights

• Underlayment systems dominated the system type segment with more than 71% of the revenue share in 2023, owing to prominent application for sub-floor preparation for residential and commercial building construction. Most underlayment systems can improve the adhesion of self-leveling concrete to the substrate, thereby minimizing the risk of failure and delamination. These systems often achieve the desired results with a thinner level of concrete, which eventually saves time and material. These factors will drive the overall growth of the segment
• The overlay system segment is expected to grow at a steady CAGR from 2024 to 2030. Using an overlay system takes worn-looking concrete and restores it with an aesthetic look with a finished surface level
• Based on end-use, the commercial segment held the largest market share of around 65% in 2023. Commercial projects, including hotels, office buildings, and retail spaces, require large, smooth floor spaces. Implementing self-leveling concrete on account of its ability to achieve a level finish and ease of application is expected to fuel the demand throughout the forecast period
• Factors such as the increasing renovations and growing awareness regarding self-leveling compounds among architects, builders, and contractors are expected to drive the demand for the self-leveling concrete during the forecast period
• Asia Pacific dominated the market for self-leveling concrete in 2023, owing to factors such as rising disposable income and rapid urbanization & industrialization. The increase in construction activities is another primary growth driver. This region is expected to continue witnessing a significant growth rate during the forecast period
• In September 2023, Ardex launched a binder, Ardex K34, which will make the concrete lightweight, provide extended coverage, and settle faster as compared to conventional concrete systems

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Self-leveling Concrete Market Segmentation

Grand View Research has segmented the global self-leveling concrete market based on system type, end-use, and region:

Self-leveling Concrete System Type Outlook (Revenue, USD Million, 2018 - 2030)

• Underlayment System
• Overlay System

Self-leveling Concrete End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial
• Industrial

Self-leveling Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Central & South America
• Middle East & Africa

List of key Players in the Self-leveling Concrete Market

• Sika AG
• USG Corporation
• Duraamen Engineered Products, Inc.
• Durabond Products Limited
• Larsen Building Products
• TCC Materials
• MYK Shomburg
• Harricrete Ltd
• Koster Bauchemie AG
• Laticrete International, Inc.
• CTS Cement
• Dayton Superior Corporation
• R. Meadows, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.