How is Growing Construction Industry Driving Self-Levelling Concrete Market?


Posted June 17, 2020 by ManishBaghel

According to a P&S Intelligence report, the global self-levelling concrete market is projected to generate a revenue of $6,726.3 million by 2030, rising from $5,000.3 million in 2017.
 
As the population and migration rate to urban areas are increasing swiftly, the demand for commercial and residential spaces for accommodating people is growing as well. Because of this, the construction industry all across the globe is witnessing substantial growth. Furthermore, the disposable income of people has been increasing because of strong economic growth, primarily in developing nations, which is why people are investing more in construction projects. In 2018, the total construction expenditure in the U.S. alone was over $1.29 trillion. As concrete is a major product required on construction sites, its demand is also rising due to all these factors.

The conventional methods of pouring concrete on a surface and then levelling it, however, lead to excessive consumption of water and are labor intensive. Attributed to this, the demand for self-levelling concrete, which is a high-performance polymer modified concrete, is rising in the construction industry. This concrete possesses the ability to compact, flow, and provide a levelled surface after being poured over an area. Stability, low plastic viscosity, low bleeding, high flowability, and low segregation are some of the properties of self-levelling concrete. It is due to these attributed that the demand for self-levelling concrete is growing.

According to a P&S Intelligence report, the global self-levelling concrete market is projected to generate a revenue of $6,726.3 million by 2030, rising from $5,000.3 million in 2017, progressing at a 5.1% CAGR during the forecast period (2018–2023). Toppings and underlayment are the two types of self-levelling concrete. The demand for underlayment type was higher in the past, which is owing to the extensive utilization of this concrete for levelling concrete subfloors in interior applications, in both commercial and residential buildings. In addition to this, underlayments aid in minimizing surface imperfections and irregularities, which is why their demand is further predicted to grow in the coming years as well.


Get a sample copy of this report:
https://www.psmarketresearch.com/market-analysis/self-levelling-concrete-market/report-sample


Asia-Pacific is expected to be the fastest growing self-levelling concrete market during the forecast period, with a CAGR of 6.1%. The high growth in the region is attributable to the increase in demand for self-levelling products from countries such as China, India, Japan, Taiwan, and South Korea. China is regarded as the construction capital of the world and the scale of construction in the country is continuously gaining momentum at a fast rate, which is further boosting the market growth in the region.
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Industry , Research
Tags global selflevelling concrete market share , selflevelling concrete market , selflevelling concrete market demand , selflevelling concrete market future , selflevelling concrete market growth , selflevelling concrete market share , selflevelling concrete market size , selflevelling concrete market trends
Last Updated June 17, 2020