Self Leveling Concrete - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2030)
The Self Leveling Concrete Market size is estimated at 23.64 million Cubic meters in 2024, and is expected to reach 30.01 million Cubic meters by 2030, growing at a CAGR of 4.06% during the forecast period (2024-2030).
Government initiatives and investments in residential building construction are likely to boost the self-leveling concrete market’s growth
In 2022, global consumption of self-leveling concrete saw a modest uptick of 0.73% from the previous year, buoyed by heightened demand from the commercial construction segment. Notably, the global commercial new floor area expanded by 0.15% in 2022. The global self-leveling concrete market was projected to record a more robust growth of approximately 8.28% in 2023.
The commercial sector, commanding a significant share of 61.25% in 2022, stands as the primary consumer of self-leveling concrete. The global commercial new floor area was estimated to scale up to 6.83 billion sq. ft in 2023, driven by surging demand for shopping malls, office spaces, and retail outlets. For instance, Indonesia is set to witness the completion of six shopping malls, adding 292 thousand sq. m by 2025. Consequently, the self-leveling concrete demand in the commercial sector is estimated to surge by 31.43% by 2030 compared to 2023.
Anticipated as the fastest-growing segment, the residential sector is projected to register a robust CAGR of 4.46% during the forecast period. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling housing demand, leading to an uptick in residential construction. For instance, Germany aims to construct a minimum of 4.0 thousand new housing units by 2024, while the Malaysian government has set a target of 500 thousand affordable housing units by 2025. Consequently, the self-leveling concrete demand in the residential sector is expected to surge by 9.23 million cubic meters by 2030 compared to 2023.
Expeditious construction activities in Asia-Pacific and South America may bolster the demand for self-leveling concrete
The global self-leveling concrete market experienced a marginal volume growth of 0.73% in 2022 compared to the previous year. Factors such as inflation, surging raw material costs, and an impending recession led to a decline in construction investments, resulting in project delays and a subsequent dip in self-leveling concrete demand. However, a rebound was anticipated in 2023, with the European self-leveling concrete market leading the way with a robust 10.85% volume growth over 2022.
Europe emerged as the dominant player in the global self-leveling concrete market in 2022, capturing a significant market share of approximately 7.5 million cubic meters. In 2023, the market was estimated to witness a growth of 0.8 million cubic meters, largely driven by heightened demand from the commercial construction sector. This surge can be attributed to the uptick in retail shopping mall constructions as consumers pivot from online to in-person retail experiences. Additionally, the push for high-energy-efficient office buildings to meet Europe's 2030 carbon emission targets is further bolstering the commercial construction sector, thereby amplifying the demand for self-leveling concrete.
Asia-Pacific is projected to lead the self-leveling concrete market, with a CAGR of 4.78% in terms of volume, closely followed by South America at 4.28% during the forecast period. Government-backed investments and foreign direct inflows are fueling major residential, industrial, and commercial construction projects, thus creating a favorable landscape for self-leveling concrete demand.
Global Self Leveling Concrete Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
Self Leveling Concrete Industry Overview
The Self Leveling Concrete Market is fragmented, with the top five companies occupying 17.79%. The major players in this market are CEMEX, S.A.B. de C.V., Holcim, MAPEI S.p.A., Saint-Gobain and Sika AG (sorted alphabetically).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Government initiatives and investments in residential building construction are likely to boost the self-leveling concrete market’s growth
In 2022, global consumption of self-leveling concrete saw a modest uptick of 0.73% from the previous year, buoyed by heightened demand from the commercial construction segment. Notably, the global commercial new floor area expanded by 0.15% in 2022. The global self-leveling concrete market was projected to record a more robust growth of approximately 8.28% in 2023.
The commercial sector, commanding a significant share of 61.25% in 2022, stands as the primary consumer of self-leveling concrete. The global commercial new floor area was estimated to scale up to 6.83 billion sq. ft in 2023, driven by surging demand for shopping malls, office spaces, and retail outlets. For instance, Indonesia is set to witness the completion of six shopping malls, adding 292 thousand sq. m by 2025. Consequently, the self-leveling concrete demand in the commercial sector is estimated to surge by 31.43% by 2030 compared to 2023.
Anticipated as the fastest-growing segment, the residential sector is projected to register a robust CAGR of 4.46% during the forecast period. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling housing demand, leading to an uptick in residential construction. For instance, Germany aims to construct a minimum of 4.0 thousand new housing units by 2024, while the Malaysian government has set a target of 500 thousand affordable housing units by 2025. Consequently, the self-leveling concrete demand in the residential sector is expected to surge by 9.23 million cubic meters by 2030 compared to 2023.
Expeditious construction activities in Asia-Pacific and South America may bolster the demand for self-leveling concrete
The global self-leveling concrete market experienced a marginal volume growth of 0.73% in 2022 compared to the previous year. Factors such as inflation, surging raw material costs, and an impending recession led to a decline in construction investments, resulting in project delays and a subsequent dip in self-leveling concrete demand. However, a rebound was anticipated in 2023, with the European self-leveling concrete market leading the way with a robust 10.85% volume growth over 2022.
Europe emerged as the dominant player in the global self-leveling concrete market in 2022, capturing a significant market share of approximately 7.5 million cubic meters. In 2023, the market was estimated to witness a growth of 0.8 million cubic meters, largely driven by heightened demand from the commercial construction sector. This surge can be attributed to the uptick in retail shopping mall constructions as consumers pivot from online to in-person retail experiences. Additionally, the push for high-energy-efficient office buildings to meet Europe's 2030 carbon emission targets is further bolstering the commercial construction sector, thereby amplifying the demand for self-leveling concrete.
Asia-Pacific is projected to lead the self-leveling concrete market, with a CAGR of 4.78% in terms of volume, closely followed by South America at 4.28% during the forecast period. Government-backed investments and foreign direct inflows are fueling major residential, industrial, and commercial construction projects, thus creating a favorable landscape for self-leveling concrete demand.
Global Self Leveling Concrete Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
Self Leveling Concrete Industry Overview
The Self Leveling Concrete Market is fragmented, with the top five companies occupying 17.79%. The major players in this market are CEMEX, S.A.B. de C.V., Holcim, MAPEI S.p.A., Saint-Gobain and Sika AG (sorted alphabetically).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 End Use Sector Trends?
4.1.1 Commercial
4.1.2 Industrial and Institutional
4.1.3 Infrastructure
4.1.4 Residential
4.2 Major Infrastructure Projects (current And Announced)
4.3 Regulatory Framework
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS UP TO 2030 AND ANALYSIS OF GROWTH PROSPECTS.)
5.1 End Use Sector
5.1.1 Commercial
5.1.2 Industrial and Institutional
5.1.3 Infrastructure
5.1.4 Residential
5.2 Product
5.2.1 Topping
5.2.2 Underlayment
5.3 Region
5.3.1 Asia-Pacific
5.3.1.1 By Country
5.3.1.1.1 Australia
5.3.1.1.2 China
5.3.1.1.3 India
5.3.1.1.4 Indonesia
5.3.1.1.5 Japan
5.3.1.1.6 Malaysia
5.3.1.1.7 South Korea
5.3.1.1.8 Thailand
5.3.1.1.9 Vietnam
5.3.1.1.10 Rest of Asia-Pacific
5.3.2 Europe
5.3.2.1 By Country
5.3.2.1.1 France
5.3.2.1.2 Germany
5.3.2.1.3 Italy
5.3.2.1.4 Russia
5.3.2.1.5 Spain
5.3.2.1.6 United Kingdom
5.3.2.1.7 Rest of Europe
5.3.3 Middle East and Africa
5.3.3.1 By Country
5.3.3.1.1 Saudi Arabia
5.3.3.1.2 United Arab Emirates
5.3.3.1.3 Rest of Middle East and Africa
5.3.4 North America
5.3.4.1 By Country
5.3.4.1.1 Canada
5.3.4.1.2 Mexico
5.3.4.1.3 United States
5.3.5 South America
5.3.5.1 By Country
5.3.5.1.1 Argentina
5.3.5.1.2 Brazil
5.3.5.1.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Ardex Group
6.4.2 Arkema
6.4.3 CEMEX, S.A.B. de C.V.
6.4.4 Holcim
6.4.5 LATICRETE International, Inc.
6.4.6 MAPEI S.p.A.
6.4.7 MBCC Group
6.4.8 Saint-Gobain
6.4.9 Sika AG
6.4.10 Vicat
7 KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 End Use Sector Trends?
4.1.1 Commercial
4.1.2 Industrial and Institutional
4.1.3 Infrastructure
4.1.4 Residential
4.2 Major Infrastructure Projects (current And Announced)
4.3 Regulatory Framework
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS UP TO 2030 AND ANALYSIS OF GROWTH PROSPECTS.)
5.1 End Use Sector
5.1.1 Commercial
5.1.2 Industrial and Institutional
5.1.3 Infrastructure
5.1.4 Residential
5.2 Product
5.2.1 Topping
5.2.2 Underlayment
5.3 Region
5.3.1 Asia-Pacific
5.3.1.1 By Country
5.3.1.1.1 Australia
5.3.1.1.2 China
5.3.1.1.3 India
5.3.1.1.4 Indonesia
5.3.1.1.5 Japan
5.3.1.1.6 Malaysia
5.3.1.1.7 South Korea
5.3.1.1.8 Thailand
5.3.1.1.9 Vietnam
5.3.1.1.10 Rest of Asia-Pacific
5.3.2 Europe
5.3.2.1 By Country
5.3.2.1.1 France
5.3.2.1.2 Germany
5.3.2.1.3 Italy
5.3.2.1.4 Russia
5.3.2.1.5 Spain
5.3.2.1.6 United Kingdom
5.3.2.1.7 Rest of Europe
5.3.3 Middle East and Africa
5.3.3.1 By Country
5.3.3.1.1 Saudi Arabia
5.3.3.1.2 United Arab Emirates
5.3.3.1.3 Rest of Middle East and Africa
5.3.4 North America
5.3.4.1 By Country
5.3.4.1.1 Canada
5.3.4.1.2 Mexico
5.3.4.1.3 United States
5.3.5 South America
5.3.5.1 By Country
5.3.5.1.1 Argentina
5.3.5.1.2 Brazil
5.3.5.1.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Ardex Group
6.4.2 Arkema
6.4.3 CEMEX, S.A.B. de C.V.
6.4.4 Holcim
6.4.5 LATICRETE International, Inc.
6.4.6 MAPEI S.p.A.
6.4.7 MBCC Group
6.4.8 Saint-Gobain
6.4.9 Sika AG
6.4.10 Vicat
7 KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
