The surging construction and infrastructure development activities, such as the development and renovation of malls, commercial buildings, apartments, and hospitals, especially in the Middle East and Africa (MEA) and Asia-Pacific (APAC) regions, are propelling the demand for self-levelling concrete across the world. Moreover, the traditional methods of floor levelling are highly labor intensive and need excessive use of water, which is also driving the demand for self-levelling concrete. Additionally, self-levelling products have various other benefits, such as eight times faster setting speed and the ability to be walked on within a few hours after setting, unlike traditionally used concrete. .
This reduces the time taken for construction or renovation. Furthermore, the water used for mixing this concrete is less than that required in traditional concrete, which also has low tensile strength and requires expert handling, which makes it less durable and leads to cracks in floor coverings. Owing to these factors, the worldwide demand for self-levelling concrete is rising, which is propelling the growth of the global self-levelling concrete market.
According to the estimates of the market research company, PS Intelligence, the market will reach a revenue of $6,726.3 million by 2023. Furthermore, the market will demonstrate a CAGR of 5.1% from 2018 to 2023. Between underlayment and toppings, which are the most commonly used types of self-levelling products, the demand for the former was found to be higher in the past. This was because underlayment assists in reducing surface irregularities and imperfections, as a result of which, it is being increasingly used in the commercial and residential sectors.
Between these two sectors, the demand for self-levelling concrete was found to be higher in the commercial sector in the years gone by. This was because of the increasing number of retail stores, hospitals, and educational institutes across the world. Geographically, the demand for self-levelling concrete was observed to be quite high in Europe in the past. This was because of the booming real estate construction industry in the region.
Additionally, the growing focus of real estate experts on supply chain integration in the construction industry also fueled the demand for self-levelling concrete in the region in the past. Whereas, in the coming years, the sales of these materials will rise enormously in the APAC region in the coming years. This will be because of the increasing construction activities, especially in China, which is also known as the construction capital of the world. Additionally, the rapid urbanization in Taiwan, Japan, and South Korea is also driving the demand for self-levelling concrete in the region. .
Hence, it can be said without hesitation that the demand for self-levelling concrete will soar in the coming years, primarily because of increasing construction and infrastructure development activities across the world and the beneficial traits of this material.
