The global floor screed industry value reached USD 13578.8 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR. The market is predicted to increase from USD 14231.7 million in 2024 to USD 25610.9 million in 2034.
Urbanization is boosting construction in residential and commercial spaces, leading to a rising demand for high-quality, durable, and visually appealing flooring solutions. This demand is becoming paramount as cities grow vertically and horizontally, fueling sales of floor screed.
Mohawk, for instance, introduced screeds designed for urban lifestyles, focusing on durability and design versatility. These solutions combine aesthetic appeal with advanced materials, meeting the needs of urban dwellers.
| Attributes | Description |
|---|---|
| Estimated Global Floor Screed Market Size (2024E) | USD 14231.7 million |
| Projected Global Floor Screed Market Value (2034F) | USD 25610.9 million |
| Value-based CAGR (2024 to 2034) | 6.1% |
Builders and contractors prioritize performance aspects, leading to innovation in screed compositions and installation processes. The rising popularity of underfloor heating systems has increased the demand for compatible screeds, reflecting a trend towards energy-efficient building techniques. The industry environment is also influenced by advancements in material types like cementitious, calcium sulfate, and synthetic resin screed.
Demand for decorative flooring solutions is driving epoxy and polyurethane resin screeds popularity in the construction industry. These versatile materials are being sought after by architects, designers, and homeowners for ability to enhance the visual appeal of spaces and achieve customizable flooring finishes.
Sika introduced advanced epoxy and polyurethane resin screeds for flooring solutions. These innovative technologies offer a durable, seamless finish and enhance design possibilities, allowing intricate designs that mimic natural materials like stone or wood.
Synthetic resin screeds are gaining traction due to high adaptability and durability, making these screeds a desirable choice for residential and commercial construction projects. Self-leveling floor screeds are on the rise due to its ease of use and ability to generate smooth surfaces.
The market is increasingly focusing on sustainability and environmental responsibility, with builders choosing eco-friendly screeds with low carbon footprints.
Increasing demand for cutting-edge floor screed solutions that provide longevity, efficiency, and environmental advantages are set to fuel sales of floor screed. To stay competitive, producers are investing in research to launch new products and technologies, such as lightweight screeds, low-emission formulations, and bespoke solutions.
Technological advancements have resulted in innovative floor-screed products, such as rapid-setting screeds and specialty compositions designed to improve strength and crack resistance.
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Demand for Floor Screeds in Renovation Projects to Surge
Self-leveling screeds are gaining traction due to ease of application, faster installation times, and superior surface finish, making them popular in residential and commercial construction projects. Furthermore, there is a growing demand for specialty floor screeds for specific applications like underfloor heating systems, acoustic insulation, and rapid drying solutions.
Impact of Environmental Regulations on the Floor Screed Market
Advanced additives and admixtures have improved floor screeds' properties, enhancing durability, reducing cracking, and workability, and accelerating curing times. Environmental sustainability is a driving force in the sector, with manufacturers developing eco-friendly screeds with recycled materials or low-carbon footprints. This trend is driven by regulatory requirements, consumer preferences, and corporate sustainability initiatives.
Trend towards Sustainable and Eco-friendly Floor Screed Products
As building regulations become stricter, there's a demand for floor screeds that meet or exceed fire safety, acoustic performance, thermal conductivity, and environmental sustainability standards. Adhering to these standards boosts market credibility and competitiveness.
Educational and training programs are needed to equip contractors and construction professionals with the necessary skills. Leading companies and manufacturers are expected to provide technical support, training workshops, and certification programs to employees.
High Initial Cost and Lack of Awareness to Hamper Growth
Advanced floor screeds, with specialized additives and eco-friendly formulations, are expensive and deter cost-sensitive buyers and projects with tight budgets. Lack of awareness among contractors, architects, and developers about the benefits and proper application of new screed technologies often leads to resistance and preference for less efficient methods.
The floor screed sector grew at a CAGR of 3.3% from 2019 and 2023. The industry reached USD 13578.8 million in 2023. The market has evolved significantly due to advancements in materials, construction techniques, and environmental considerations.
Traditionally, screeds were made of sand and cement and applied manually, but this method was labor-intensive and limited in speed and performance. Technological advancements introduced additives and admixtures, improving durability, workability, and curing times, leading to modern screeding solutions for diverse construction needs.
During 2019 and 2023, sustainability became a significant factor in trends, leading to the development of eco-friendly screeds using recycled materials or low-carbon formulations. This trend aligned with regulatory requirements and consumer demand for sustainable building practices.
Rapid urbanization and the construction boom further increased demand for efficient screeds, such as self-leveling screeds, which offer faster installation times and reduced construction schedules.
Specialty screeds, designed for underfloor heating systems, acoustic insulation, and rapid drying, gained traction due to advancements in building technology and consumer preferences. Globalization and consolidation among key companies have standardized product offerings, enabling access to advanced screeding solutions and promoting innovation in product development and distribution channels.
The industry is poised for continued growth due to advancements in materials science, digital technologies, and sustainability practices, focusing on high-performance, environmentally friendly products. Over the forecast period, the sector is poised to exhibit healthy growth, reaching USD 25610.9 million by 2034.
Prominent companies within Tier 1 include Sika AG, BASF SE, Saint-Gobain, Ardex Group, and Cemex. Tier 1 companies are experiencing growth due to increased demand for innovative products, growth into new regions, strong brand recognition, and strategic partnerships.
Prominent companies in Tier 2 include Fosroc International Ltd., CEMEX S.A.B. de C.V., MAPEI S.p.A., Flowcrete, and Weber (Saint-Gobain). Tier 2 companies are focusing on research and development to introduce innovative sheets, aiming to enhance performance, sustainability, and cost-effectiveness.
Companies are growing their reach by forming strategic partnerships with suppliers, distributors, and end-users, prioritizing customer service, and providing personalized support.
Tier 3 companies, with a strong local presence, can swiftly adapt to industry changes or opportunities. These players excel in customized solutions, flexible services, and accommodating special requests, offering a competitive advantage in small batches. Companies in Tier 3 are Tarmac, Ronacrete Ltd., Ardex Group, Instarmac Group, and Isocrete (Flowcrete).
Tier 3 players are also strategically using technology and digital transformation to gain a competitive edge. These often embrace artificial intelligence, machine learning, and advanced analytics to optimize operations, push innovations, and enhance customer experiences.
The table below exhibits the estimated CAGRs of key countries. The United States, China, and India are set to record high CAGRs of 3.4%, 6.8%, and 9%, respectively, through 2034. The data would enable potential clients to chalk out innovative growth strategies to strengthen position in these countries.
| Countries | CAGR 2024 to 2034 |
|---|---|
| United States | 3.4% |
| United Kingdom | 2.4% |
| China | 6.8% |
| Japan | 2.5% |
| India | 9% |
The United States floor screed market is undergoing technological advancements, including digital technologies and automation, to improve efficiency and compliance with regulatory requirements. The market is also experiencing business consolidation and globalization, leading to increased competition and standardized quality across regions.
High-performance materials, such as lightweight screeds, are gaining popularity due to superior strength, durability, and resistance to cracking. Adoption of these materials is also gaining traction in the landscape. The use and installation of floor screeds require educational initiatives, training programs, technical support, workshops, and certification programs from industry associations and manufacturers.
India is experiencing a shift towards self-leveling screeds due to ease of application, improved surface finish, and reduced labor costs, particularly in commercial and residential construction projects. Specialty screeds are also in high demand, catering to specific applications like underfloor heating systems, acoustic insulation, rapid drying, and enhanced durability.
Manufacturers are focusing on sustainability by creating eco-friendly screeds that use recycled materials, have low VOC emissions, and contribute to LEED certification points. This trend is driven by builders and developers prioritizing green building practices and the adoption of sustainable floor screed solutions.
The rise in residential, commercial, and industrial developments, coupled with government infrastructure improvements and affordable housing programs, is expected to boost floor screed sales. Initiatives and policies from the government, such as "Housing for All" and "Smart Cities Mission," are expected to enhance the growth prospects in India.
China's rapid urbanization and infrastructure development are fueling demand for floor screeds, particularly for residential, commercial, and industrial construction. Regulatory developments, particularly related to fire safety, thermal insulation, and environmental protection, are influencing the development and adoption of floor screeds.
Manufacturers are focusing on innovation to meet these requirements while ensuring product performance and reliability. Economic factors like construction spending, labor costs, and industry competition also influence the industry dynamics in China. Manufacturers in the country balance these factors while maintaining competitive pricing and product quality to capture share.
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The section below shows the bonded screed segment dominating based on screed type. It is forecast to account for a 35.8% share in 2024. Based on end-use, the residential segment is anticipated to hold a dominant share of 49.6% through 2034.
| Segment | Bonded Screed (Screed Type) |
|---|---|
| Value Share (2024) | 35.8% |
Bonded screeds are being developed and innovated to improve performance characteristics like strength, durability, and workability. Leading manufacturers are developing advanced cementitious and polymer-modified screeds, offering enhanced bonding properties and crack resistance.
Rapid-drying bonded screeds are gaining traction due to the ability to shorten construction schedules and reduce downtime. Sustainability and eco-friendly formulations are also being emphasized, with manufacturers using recycled materials or reducing carbon footprints. Additives and admixtures are being integrated to enhance performance attributes like flexural strength, abrasion resistance, and moisture tolerance of bonded screed.
High-performance bonded screeds are in high demand, meeting stringent performance criteria like compatibility with underfloor heating systems, low shrinkage, and improved acoustic insulation. These screeds are also being customized as per customer needs for specific applications, such as healthcare, education, hospitality, and industrial facilities.
| Segment | Residential (End-use) |
|---|---|
| Value Share (2024) | 49.6% |
Demand for sustainable floor screeds is on the rise due to environmental awareness and regulatory requirements in the residential sector. Underfloor heating systems are gaining traction in residential construction, with screeds compatible with these systems enhancing energy efficiency and comfort.
Technological advancements, such as digital monitoring systems and automated application equipment, are influencing the installation of floor screeds in residential settings, improving accuracy, consistency, and efficiency. Based on end-use, the residential segment is set to account for 49.6% share in 2024.
Sika Group, Saint-Gobain Weber, Holcim, Edilteco Group, Flexcrete, Colmef Monneli, Terraco, Knauf, Pretoria Portland Cement, Pidilite Industries Ltd., and Anhydritec Ltd. are the key manufacturers in the industry. Leading floor-screed companies are focusing on economies of scale and integrating across the value chain to increase sales and production.
The market is expected to grow due to increasing product penetration and favorable economic conditions. Key companies are investing heavily in research and development to improve the performance and functionality of new chemicals.
Leading companies are developing floor screeds with superior properties, extended durability, and environmental consciousness, aligning with sustainability goals. This focus on innovation and material science ensures long-lasting utilization in the landscape.
Industry Updates
Based on material type, the industry is segmented into cementitious screed, calcium sulfate screed, and synthetic resin screed.
The sector is split into less than 30mm, 30mm to 60mm, and above 60mm.
In terms of screed type, the sector is categorized into bonded screed, unbonded screed, floating screed, flowing screed, and heated screed.
Depending on delivery methods, the industry is branched into trans-mix trucks, pump trucks, ready-mix trucks, and others.
Based on end-use, the sector is segmented into residential, commercial, and industrial.
A regional analysis of the floor screed market is conducted across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
The sector is set to witness a CAGR of 6.1% by 2034.
The sector witnessed a CAGR of 3.3% from 2019 to 2023.
In 2034, the sector is anticipated to reach USD 25610.9 million.
Sika Group, Saint-Gobain Weber, Holcim, and Edilteco Group.
The sector is set to reach USD 14231.7 million by 2024.
The bonded screed segment is estimated to hold a significant share in 2024.
| Market Value for 2024 | USD 541.4 million |
|---|---|
| Market Value for 2034 | USD 1,518 million |
| Market Forecast CAGR (2024 to 2034) | 7.9% |
| Estimated Market Size (2024E) | USD 135 million |
|---|---|
| Projected Industry Value (2034F) | USD 195 million |
| Value-based CAGR (2024 to 2034) | 3.7% |
| Estimated Market Value in 2024 | USD 3.7 billion |
|---|---|
| Projected Market Value by 2034 | USD 9.6 billion |
| Forecasted Value-based CAGR (2024 to 2034) | 9.9% |
| Market Value (2023) | USD 5.16 Billion |
|---|---|
| Market Value (2033) | USD 8.74 Billion |
| Market CAGR (2023 to 2033) | 5.4% |
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