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Floor Screed Market Trends

Report ID: GMI9190
Published Date: Apr 2024
Report Format: PDF

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Floor Screed Market Trends

One prominent trend is the increasing demand for sustainable and eco-friendly floor screed solutions. With growing awareness about environmental issues and the push towards green building practices, there is a rising preference for floor screeds that are manufactured using recycled materials, produce lower carbon emissions, and contribute to energy efficiency. This trend is driving manufacturers to innovate and develop eco-friendly formulations while also prompting construction professionals and end-users to prioritize sustainable flooring options.

Another significant trend is the adoption of advanced technologies in floor screed production and application. Manufacturers are leveraging innovations such as self-leveling screeds, rapid-drying formulations, and automated application systems to enhance efficiency, reduce installation time, and improve overall product performance. These technological advancements not only offer benefits in terms of speed and quality but also address challenges such as labor shortages and skilled workforce requirements in the construction industry.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of floor screed was crossed USD 13.5 billion in 2023 and is anticipated to register over 6.2% CAGR between 2024 and 2032, due to their crucial role in providing a smooth, level surface for the installation of various floor finishes, such as tiles, carpets, vinyl, and wood.

Bonded floor screed market size reached USD 6.9 billion in 2023 and is expected surpass USD 10.5 billion by 2032, owing to their widespread use in both commercial and residential construction projects.

The residential application segment accounted for over 58% share of the floor screed market in 2023 and is projected to grow through 2032, driven by the extensive use in residential construction projects such as single-family homes, apartments, and condominiums.

Asia Pacific floor screed market generated a revenue of USD 5.2 billion in 2023 and is expected to reach over USD 9 billion by 2032, led by the burgeoning construction industry, fueled by rapid urbanization, infrastructure development, and economic growth.