The self-leveling concrete market is estimated to be USD 4.93 billion in 2017 and is projected to reach USD 6.22 billion by 2022, at a CAGR of 4.7% during the forecast period. The self-leveling concrete market is mainly driven by the growing demand for self-leveling concrete from various end-use markets, such as commercial and residential. Self-leveling concrete products are mostly preferred in the commercial construction sector for making floors. Hence, the growth of the commercial construction sector is anticipated to drive the self-leveling concrete market in the future. Some of the key players in the self-leveling concrete market are Ardex Group (Germany), Mapei S.p.A (Italy), LafargeHolcim (Germany), Arkema Group (France), Saint-Gobain S.A. (France), Sika AG (Switzerland), USG Corporation (US), The Quikrete Companies (US), Duraamen Engineered Products, Inc. (US), Durabond Products Limited (Canada), Fosroc (UK), MYK Shomburg (India), Harricrete Ltd. (Trinidad and Tobago), Flowcrete (UK), Koster Bauchemie AG (Germany), Sakrete (US), Laticrete International, Inc. (US), CTS Cement (US), Dayton Superior Corporation (US), W.R. Meadows, Inc. (US), TCC Materials (US), Larsen Building Products (UK), Durex Coverings, Inc. (US), Edison Coatings Inc. (US), ACG Materials (US), etc. Expansions and joint ventures are the strategies adopted by the key companies in the self-leveling concrete market.
The Arkema Group is one of the leading producers of self-leveling concrete and accounts for a major market share, in terms of development of the self-leveling concrete market due to its high customer base and global presence across regions. In May 2017, Arkema Group announced the acquisition of CMP Specialty Products (US), a floor and floor preparation business, for USD 15 million. This acquisition will help the Arkema Group to provide innovative solutions to its customers, especially to the flooring market in the North American region. In May 2016, the company opened a new manufacturing plant in Helsingborg (Sweden) to provide cement-based construction products, including tile adhesives, mortars, flooring products, and Bostik 1055 Fiber Maxi floor screed. This expansion helped the company to meet the demand for construction products from various end-use markets in the European region.
The Ardex Group is another leading producer of self-leveling concrete offering products for both underlayment and toppings that can be installed over interior concrete, terrazzo, ceramic, quarry tile, epoxy coating systems, and non-water soluble adhesive residue on concrete. ArdexEndura India Pvt. Ltd (AEIPL), a joint venture between the ARDEX Group (Germany) and the Prism Cement Limited (India) established two manufacturing plants in India. These manufacturing plants helped the company to strengthen its market position for various products, such as sealants, adhesives, flooring, water proofing, and allied products in the Asia Pacific region.
Self-Leveling Concrete Market by Type (Underlayment and Toppings), End User (Residential and Commercial), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2022
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