Floor Screed Market Analysis

Floor Screed Market Analysis

Based on type, the bonded screed segment was crossed USD 6.9 billion in 2023 and is expected to reach over USD 10.5 billion by 2032, owing to widespread use in commercial and residential construction projects, where a strong bond to the substrate is essential. Unbonded screeds, on the other hand, enjoy a sizable market share due to their versatility and suitability for projects where a separation layer is needed between the screed and the substrate to accommodate movement or insulation. Floating screeds, which are not bonded to the substrate and are instead laid over insulation material, hold a notable market share, particularly in projects requiring acoustic or thermal insulation properties.
 

Based on application, the residential applications accounted for over 58% share of the floor screed market in 2023 and is projected to grow through 2032. The residential segment holds a significant portion, driven by the extensive use of floor screeds in residential construction projects such as single-family homes, apartments, and condominiums. The demand for smooth, level surfaces in residential settings, along with the popularity of various floor finishes, underscores the importance of floor screeds in this segment. The non-residential sector, encompassing commercial, industrial, and other specialized applications, also commands a considerable market share.
 

Asia Pacific floor screed market size surpassed USD 5.2 billion in 2023 and is likely to exceed USD 9 billion by 2032. The region's burgeoning construction industry, fueled by rapid urbanization, infrastructure development, and economic growth, drives the demand for floor screeds across various residential, commercial, and industrial projects. Countries in Asia Pacific are experiencing robust construction activities, particularly in emerging economies such as China, India, and Southeast Asian nations, where large-scale urbanization and infrastructure investments are underway. This creates a substantial demand for floor screeds to provide smooth, level surfaces for diverse flooring finishes in both new construction and renovation projects.
 

As the world's most populous country and a global manufacturing hub, China exhibits a massive demand for floor screeds across residential, commercial, and industrial sectors. The country's rapid urbanization, along with government initiatives to promote sustainable development and green building practices, further amplifies the demand for high-quality and eco-friendly floor screed solutions. Additionally, China's robust manufacturing sector supports the production of a wide range of floor screed materials, contributing to its dominance in the regional market.