Global Floor Screed Market Overview
As per MRFR analysis, the Floor Screed Market Size was estimated at 10.82 (USD Billion) in 2022.
The Floor Screed Market Industry is expected to grow from 11.33 (USD Billion) in 2023 to 17.22 (USD Billion) by 2032. The Floor Screed Market CAGR (growth rate) is expected to be around 4.76% during the forecast period (2024 - 2032).
Key Floor Screed Market Trends Highlighted
The primary influencers that are driving the Floor Screed Market include the upward demand for new construction projects, especially in developing economies, as well as the increasing use of sustainable building materials. Furthermore, legislation from governments and campaigns aimed at conserving energy and the environment will increase demand for thermally insulating and soundproof floor screeds. The emergence of self-leveling screeds and quick-drying formulas that improve performance and reduce installation time is among the opportunities emerging in this market. At the same time, modular construction and prefabrication techniques have also contributed to growth in this sector. In recent years, there has been a shift in trends regarding Floor Screed Markets towards sustainable products with low environmental impact and underfloor heating systems. Moreover, high energy efficient rating and low emission levels necessitate the green building standards that are being adopted globally which further drives up the demand for floor screeds.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Floor Screed Market Drivers
Rising Demand for Floor Screeding in the Construction Industry
Due to its capability of offering a flat and smooth surface on which floor coverings are laid, such as carpet, tiles, and vinyl, floor screeding has become more important in the construction industry. The rise in the number of residential, commercial and industrial construction activities globally is mainly responsible for the growth in demand for floor screeding. The use of floor screeds is projected to increase steadily over the next few years due to rapid urbanization and population growth that creates demand for new housing and business premises. The construction industry is changing significantly as it pursues sustainability and energy efficiency. To do this it must have a subfloor that’s able to accommodate whatever flooring system will be placed on top of it; this is where floor screeding comes into play.
Furthermore, the application of this technique can help improve soundproofing capabilities while at the same time enhancing insulation so as to reduce energy consumption levels. Governments across the globe are enacting strict building requirements and guidelines designed to ensure proper safety and quality in construction projects.
The minimum standards normally stipulate floor screed as a way of achieving certain structural threshold limits while also protecting against fire hazards or moisture damages. In general, compliance with codes has really encouraged the uptake of floor screeding by various builders. Technological advancements have also played a critical role in driving the Floor Screed Market Industry growth.
Technological advances have led to the development of new materials and techniques used in designing advanced types of flooring systems that provide better performance, faster installation times as well as lower costs.
For example, self-leveling compounds together with fast-drying cementitious leveling compounds have gained popularity since they offer efficiency during their application process. As more cities emerge worldwide, there will be high demand for these types of buildings, leading to more uptake on non-residential facilities requiring flooring solutions.
Rising need for floor screeding across the building sector combined with factors like urbanization pressures, green concerns about buildings, strict regulatory frameworks and recent breakthroughs in technology will be the key drivers of global demand for floor screeding over the next few years.
Growing Adoption of Underfloor Heating Systems
Underfloor heating systems are becoming increasingly popular in residential and commercial buildings, as they offer several advantages over traditional heating methods. Floor screeding plays a vital role in the installation of underfloor heating systems by providing a smooth and level surface for the heating elements and ensuring proper heat distribution. The growing adoption of underfloor heating systems is driven by factors such as increased energy efficiency, improved comfort levels, and space-saving advantages.Underfloor heating systems distribute heat evenly throughout the room, eliminating cold spots and creating a more comfortable living environment. Additionally, these systems can be integrated with renewable energy sources such as geothermal heat pumps, further reducing energy consumption and carbon footprint. The rising demand for underfloor heating systems is expected to positively impact the Floor Screed Market Industry, as floor screeding is an essential component of these systems.The growth of the underfloor heating market is particularly evident in regions with cold climates, where homeowners and businesses are seeking efficient and comfortable heating solutions.
Increasing Focus on Sustainable Building Practices
The construction industry is increasingly focused on adopting sustainable building practices to reduce environmental impact and promote energy efficiency. Floor screeding can contribute to sustainable construction by utilizing recycled materials and incorporating energy-saving features. The use of recycled materials in floor screeds, such as fly ash and recycled aggregates, reduces the consumption of natural resources and promotes waste reduction.Additionally, floor screeds can be formulated with low-VOC (volatile organic compound) materials to improve indoor air quality and reduce environmental pollution. Furthermore, floor screeds can contribute to energy efficiency in buildings by providing a solid and well-insulated base for flooring systems. This reduces heat loss and improves the overall thermal performance of the building, leading to lower energy consumption and reduced carbon emissions. As governments and organizations implement stricter environmental regulations and promote sustainable building practices, the demand for eco-friendly floor screeding solutions is expected to grow. This trend is expected to drive the adoption of sustainable floor screeding products and services, further contributing to the growth of the Floor Screed Market Industry.
Floor Screed Market Segment Insights
Floor Screed Market Type Insights
The Floor Screed Market is segmented by Type into Cementitious Screed, Sulfate-free Screeds, Resin Screeds, and Calcium Sulfate Screeds. Cementitious Screed: Cementitious screed is the most commonly used type of floor screed, accounting for over 60% of the global market in 2023. It is made from a mixture of cement, sand, and water and is typically installed over a concrete subfloor. Cementitious screed is strong and durable and can be used in a variety of applications, including commercial, industrial, and residential buildings. The global cementitious screed market is expected to grow at a CAGR of 4.5% from 2023 to 2032, reaching a value of USD 7.6 billion by 2032.Sulfate-free Screeds: Sulfate-free screeds are a type of floor screed that is made from a mixture of sand, aggregate, and a binder that does not contain sulfates. Sulfates are a type of salt that can cause corrosion in metal, and can also lead to the formation of cracks in concrete. Sulfate-free screeds are therefore used in applications where there is a risk of sulfate attack, such as in areas with high levels of groundwater or in areas where the soil contains sulfates. The global sulfate-free screeds market is expected to grow at a CAGR of 4.2% from 2023 to 2032, reaching a value of USD 2.2 billion by 2032.Resin Screeds: Resin screeds are a type of floor screed that is made from a mixture of resin and aggregate. Resin screeds are strong and durable and are resistant to chemicals and moisture. They are also self-leveling, which makes them easy to install. Resin screeds are typically used in industrial and commercial applications, such as in warehouses, factories, and hospitals. The global resin screeds market is expected to grow at a CAGR of 5.1% from 2023 to 2032, reaching a value of USD 3.2 billion by 2032. Calcium Sulfate Screeds: Calcium sulfate screeds are a type of floor screed that is made from a mixture of calcium sulfate, sand, and water.Calcium sulfate screeds are strong and durable and are also fire-resistant. They are typically used in commercial and industrial applications, such as in schools, hospitals, and office buildings. The global calcium sulfate screeds market is expected to grow at a CAGR of 4.8% from 2023 to 2032, reaching a value of USD 2.5 billion by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Floor Screed Market Application Insights
The Floor Screed Market is segmented by application into residential, commercial, industrial, and infrastructure. Among these, the residential segment is expected to account for the largest share of the market in 2023, owing to the increasing demand for floor screed in new residential construction projects. The commercial segment is also expected to witness significant growth, driven by the rising number of commercial construction projects, such as offices, retail stores, and hotels. The industrial segment is expected to grow at a steady pace, driven by the increasing demand for floor screed in industrial facilities, such as warehouses and factories.The infrastructure segment is also expected to experience growth, driven by the increasing government spending on infrastructure development projects.
Floor Screed Market End-Use Insights
The end-use segment of the Floor Screed Market is categorized into new construction, renovation, and repair. Among these, new construction is expected to dominate the market with a larger share, driven by the increasing number of residential and commercial construction projects. For instance, according to the International Monetary Fund (IMF), global construction output is projected to grow by 4.2% in 2024 and 4.5% in 2025. Renovation and repair activities are also expected to contribute significantly to the market growth, as old buildings require regular maintenance and upgrades to maintain their structural integrity and aesthetic appeal.
Floor Screed Market Installation Method Insights
The installation method segment of the Floor Screed Market comprises various techniques used to apply floor screed to a floor surface. Key installation methods include pumped screed, floor screed leveling compounds, and self-leveling floor screed. Each method offers distinct advantages and is suited for specific applications. Pumped screed involves pumping a liquid floor screed mixture through hoses to the desired location, ensuring a smooth and consistent finish. Floor screed leveling compounds are manually applied and leveled using a trowel or screed, providing a smooth and flat surface.Self-leveling floor screed, as the name suggests, self-levels after pouring, resulting in a perfectly flat and even surface. The choice of installation method depends on factors such as the size and shape of the area, the desired finish, and the skill level of the installer.
Floor Screed Market Regional Insights
The regional segmentation of the Floor Screed Market offers valuable insights into market behavior and growth dynamics across different regions. North America is projected to hold a significant share of the market in 2023, driven by increasing construction activities and the growing popularity of sustainable building practices. Europe is another major market, with strong demand from countries such as Germany, France, and the United Kingdom. The Asia Pacific region is expected to witness significant growth in the coming years, fueled by rapid urbanization and infrastructure development in countries like China, India, and Vietnam.South America and the Middle East and Africa (MEA) regions are also expected to contribute to the overall market growth, albeit with a smaller market share.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Floor Screed Market Key Players And Competitive Insights
Major players in the Floor Screed Market industry are constantly innovating and developing new products to meet the changing needs of customers. Some of the leading Floor Screed Market players include BASF, Sika, Mapei, and Saint-Gobain Weber. These companies are investing heavily in research and development to improve the performance and quality of their products. The Floor Screed Market is expected to witness significant growth in the coming years, driven by the increasing demand for new construction and renovation projects.One of the leading players in the Floor Screed Market is BASF. The company offers a wide range of floor screed products, including self-leveling screeds, cementitious screeds, and epoxy screeds. BASF's floor screed products are known for their high quality and performance, and they are used in a variety of applications, including residential, commercial, and industrial buildings. BASF is also committed to sustainability, and its floor screed products are designed to be environmentally friendly.Another major player in the Floor Screed Market is Sika. The company offers a comprehensive range of floor screed products, including self-leveling screeds, cementitious screeds, and epoxy screeds. Sika's floor screed products are known for their durability and reliability, and they are used in a wide variety of applications, including airports, hospitals, and shopping malls. Sika is also a leader in the development of innovative floor screed products, and it has recently introduced a new line of self-leveling screeds that are designed to be more sustainable.
Key Companies in the Floor Screed Market Include
- AkzoNobel
- Master Builders Solutions
- Uzin Utz
- Mapei
- Basf
- Ardex
- Wacker
- Flowcrete
- Soprema
- GCP Applied Technologies
- Sika
- Cemex
- Fosroc
- Tarmac
Floor Screed Market Industry Developments
The Floor Screed Market is projected to reach USD 17.22 billion by 2032, exhibiting a CAGR of 4.76% during the forecast period (2024-2032). The increasing demand for floor screeds in the construction industry, particularly in residential and commercial buildings, is driving market growth. Floor screeds provide a smooth, level surface for floor coverings, improving aesthetics and durability. The rising popularity of underfloor heating systems is also contributing to the growth of the floor screed market, as screeds are essential for distributing heat evenly throughout the floor. Furthermore, government regulations and building codes that emphasize energy efficiency are endorsing the use of floor screeds with insulation properties. Key market players are focusing on product innovations and sustainability initiatives to cater to evolving customer demands.
Floor Screed Market Segmentation Insights
- Floor Screed Market Type Outlook
- Cementitious Screed
- Sulfate-free Screeds
- Resin Screeds
- Calcium Sulfate Screeds
- Floor Screed Market Application Outlook
- Residential
- Commercial
- Industrial
- Infrastructure
- Floor Screed Market End-Use Outlook
- New Construction
- Renovation
- Repair
- Floor Screed Market Installation Method Outlook
- Pumped Screed
- Floor Screed Leveling Compounds
- Self-Leveling Floor Screed
- Floor Screed Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.82 (USD Billion) |
| Market Size 2023 |
11.33 (USD Billion) |
| Market Size 2032 |
17.22 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.76% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
AkzoNobel, Master Builders Solutions, Uzin Utz, Mapei, Basf, Ardex, Wacker, Flowcrete, Soprema, GCP Applied Technologies, Sika, Cemex, Fosroc, Tarmac |
| Segments Covered |
Type, Application, End-Use, Installation Method, Regional |
| Key Market Opportunities |
Growing construction industry Increasing demand for sustainable building materials The rising popularity of self-leveling screeds Growing adoption of advanced technologies Expansion into emerging markets |
| Key Market Dynamics |
Growing construction industryRising demand for sustainable building materialsTechnological advancementsEmphasis on energy efficiencyGovernment regulations on energy consumption |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global floor screed market is expected to reach a valuation of USD 17.22 billion by 2032, exhibiting a CAGR of 4.76% during the forecast period (2024-2032).
The North America region is projected to dominate the global floor screed market, primarily driven by the increasing construction activities in developing economies such as Canada and the US.
Floor screed finds applications in various sectors, including residential, commercial, and industrial buildings. It is primarily used to level and smooth uneven surfaces, providing a base for floor coverings such as tiles, carpets, and wooden flooring.
Key players in the global floor screed market include BASF, Cemex, Saint-Gobain Weber, Mapei, and Ardex. These companies offer a range of floor screed products and solutions to meet the diverse needs of customers.
The growth of the global floor screed market is attributed to several factors, including rising construction spending, increasing demand for durable and sustainable flooring solutions, and growing urbanization.
The global floor screed market faces certain challenges, such as fluctuating raw material prices, intense competition, and stringent environmental regulations. These factors can impact the profitability and growth prospects of market players.
Emerging trends in the global floor screed market include the adoption of eco-friendly and sustainable materials, the use of self-leveling and fast-drying screeds, and the integration of smart technologies for improved efficiency and quality control.
The global floor screed market is anticipated to expand at a CAGR of 4.76% during the forecast period from 2024 to 2032.
The global floor screed market is segmented based on type (traditional, self-leveling, and fast-drying), application (residential, commercial, and industrial), and region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).
Growth opportunities in the global floor screed market lie in the increasing demand for sustainable and energy-efficient buildings, the expansion of the construction industry in emerging economies, and the development of innovative floor screed products with enhanced properties.
