by Self leveling concrete, also known as self-leveling underlayment or self smoothing concrete, offers benefits such as ease of application, better load distribution, and excellent leveling properties. It is widely used in construction applications such as overlaying wood subfloors, patching and repairing surfaces, filling cracks and holes, and creating smooth surfaces for installing finishing flooring materials like tile, wood floors, carpet and more. The growing construction industry driven by rapid urbanization around the world has been fueling the demand for self leveling concrete globally.
The global self leveling concrete market is estimated to be valued at US$ 5.70 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the self leveling concrete market are CEMEX, S.A.B. de C.V., Holcim, MAPEI S.p.A., Saint-Gobain, Sika AG, LATICRETE International, Inc., Ardex Group, MBCC Group, Vicat, Arkema, BASF SE, Fischer Group, Duraamen Engineered Products Inc., Flowcrete, Nexus Floors, Tremco Incorporated, USG Corporation, R.T. Vanderbilt Company, Inc., Mapei Corporation, and Cemstone Products Company. The demand for self leveling concrete is growing significantly driven by the booming construction industry globally as developers focus on enhanced floor leveling solutions. The market is also witnessing expansion in regional markets with growing infrastructure and real estate development activities in emerging economies of Asia Pacific, Middle East, and Latin America.
Key players operating in the self leveling concrete market are focusing on new product development and launches to cater to the increasing demand. For instance, in 2022, CEMEX launched two new self-leveling underlayments – CEMEX Self Level Plus and CEMEX Self Level Smooth for residential and commercial construction applications. The growing demand in the construction industry and rapid urbanization are fueling the global self leveling concrete market.
The Self Leveling Concrete Market Growth is expanding globally led by in developed regions including North America and Europe. However, emerging economies of Asia Pacific and Middle East regions are also witnessing increased demand driven by strong economic growth, and rapid infrastructure and real estate development. Countries like China, India, Indonesia, Vietnam, Saudi Arabia, and UAE are expected to be high growth markets for self leveling concrete over the coming years.
Market Key Trends
One of the key trends gaining traction in the self leveling concrete market is the rising popularity of acid-resistant and moisture tolerant self leveling compounds. Conventional self leveling concrete products can degrade when exposed to acids or high moisture levels. However, new acid-resistant and moisture tolerant varieties available in the market offer enhanced durability even in demanding industrial and commercial applications involving exposing to spills of chemicals and liquids. They are witnessing increased adoption from manufacturing facilities, laboratories, warehouses, and other commercial spaces. The development of sustainable and eco-friendly self leveling concrete products incorporating recycled content is also expected to be a major trend in the coming years.
Porter’s Analysis
Threat of new entrants: Self-leveling concrete requires large capital investment in production facilities. Established brands have strong brand recognition and supply chain network.
Bargaining power of buyers: Buyers have moderate bargaining power as self-leveling concrete has substitutes like traditional concrete.
Bargaining power of suppliers: Suppliers of raw materials like cement have some bargaining power as switching costs are high for manufacturers.
Threat of new substitutes: Substitutes like traditional concrete slurry pose some threat. However, processing advantages of self-leveling concrete reduces threat from substitutes.
Competitive rivalry: The market has many global and regional players leading to high competitive rivalry.
Geographical Regions
North America holds the largest share in Self Leveling Concrete Market Regional in terms of value owing to large construction industry in the US and Canada. Growing demand for floor leveling in commercial and residential projects drives the market.
Asia Pacific is expected to witness fastest growth during the forecast period due to rising construction activities in developing nations like China and India. Increasing spending on infrastructure modernization and real estate development is propelling the demand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
