Floor Screeds Market: Opportunity Analysis and Future
Reports and Insights © 2021
Assessment 2020 2028
Research Analysis
Detailed historical and forecasted market covering the North America, Latin America, Europe, Asia Pacific, Middle East, and Africa regions from year 2018 to 2028
✓ Includes Country Level Analysis
✓ Segments Analysis in different regions and at country level (optional)
✓ Product Analysis
✓ End Users Analysis
A research report on the global Floor Screeds market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis.
Market Analysis
✓ Brief view of the dynamics flowing through the market
✓ Factors that support the market and the factors that are acting as impedance for the growth of the market
✓ Trends and opportunity in different regions for a better understanding of readers
✓ The report comprehensively lays out the market drivers, restraints, forecast, technologies, investments, risks trends, and leading companies and their strategies to help the reader formulate a better-informed business strategy.
Key Questions and Issues Covered in the Report
✓ What are the opportunities?
✓ Which ones should be captured?
✓ What share can be reached?
✓ What are the trends/ behaviours/ expectations? Interests in new approach?
✓ What are the opportunities?
✓ What are the key success factors?
✓ Key competitors SWOT
✓ Most likely scenarios for supply/demand balance, implications
✓ Transferable best practices?
✓ Does the product need to be adjusted to local specificities?
Research Objective Report Benefits
✓ What’s the impact?
Market Assessment
✓ Segments, Market Value, Addressable market
✓ Customers Needs/ unmet needs, External factors (regulation, etc.)
✓ Competition, Positioning, Distribution, Differentiation strategies
✓ Adjustment by country/ region
Key Drivers
✓ Segmentation, Size & growth; forecast, Market penetration, Product switch
Key Issues and Questions
Key benefits of our report
✓ The report will help to develop Business Strategies by understanding the trends shaping and driving the particular market
✓ Organize sales and marketing efforts by identifying the best opportunities for the particular market
✓ Regulatory & certifications, Characteristics (intrinsic environment), Features/ technologies required, Existing technologies & limits, Decision making
✓ Key players, offering, Distinctive advantages, barriers, Best practices, Economics, Go-to market routes
✓ To understand the future market competition in the particular market/region
2 Reports and Insights © 2021 Report Introduction
Floor Screeds Market Definition
Floor screeds are made up of cementitious materials and sand blended. It is based on a suitable mix design and is applied to provide a leveled surface for the floor finish, which is introduced to the surface of the floor screed. So, floor screed can be acknowledged as a base for the floor finish that directly influences the performance of the floor finish. The major components required for making a floor screed are cement, clean sand, and water. To obtain some specific properties, the mixture is modified with additives.
Based on requirements and application, it can be categorized into unbonded screed floor, bonded screed floor, floating screed floor, and heated screed floor. The screed that does not bond directly to the floor can be categorized as an unbonded screed floor. It makes use of polythene or damp-proof membrane, which is laid on top of the concrete base. As for this category, the thickness of the screed is confined to 50mm for the standard screed.
Besides, the bonded screed floor is bonded onto the substrate with the slurry bonding to the concrete substrate. This type of screed is ideal for thinner applications where heavy loading is anticipated. Thirdly, the floating screed floor is generally applied over insulation. It insulates well itself and should be kept away from cracking due to shrinkage with insulation or edging foaming. Lastly, the heated screed floor is another type of floating screed with underfloor heating, which is a screed laid over an underfloor heating system.
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Global Floor Screeds Market: Taxonomy
Global Floor Screeds Market, Segmentation
By Material Type
o Cementitious Screed
o Calcium Sulphate Screed
o Synthetic Resin Screed
By Screed Type:
o Bonded Screed
o Unbonded Screed
o Floating Screed
o Flowing Screeds
o Heated Screeds
By Floor Thickness:
o Less Than 30mm
o 30mm To 60mm
o Above 60mm
By End User:
o Residential
o Commercial
o Industrial
By Region:
o North America
o Latin America
o Asia Pacific
o Europe
o Middle East
o Africa
North America:
o U.S.
o Canada
Latin America:
o Brazil
o Mexico
o Rest of Latin America
Europe:
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of EU
Asia Pacific:
o China
o India
o Japan
o Australia and New Zealand
o South Korea
o ASEAN
o Rest of Asia Pacific
Middle East:
o GCC Countries
o Israel
o Rest of Middle East
Africa:
o South Africa
o North Africa
o Egypt
o Rest of Africa
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Executive Summary
Market Overview
• The global floor screeds market is segmented by material type, screed type, floor thickness, end-user, and by region
• In 2020, global floor screeds market was valued at US$ 713.6 Mn and expected to grow significantly at a CAGR of 5.1% over the forecast period
• In 2020, Europe region is accounted for the largest market share in comparison to other regions, and expected to maintain its dominance throughout the forecast period (2020–2028)
Global
Global
Market Dynamics
Restraints
Global Floor Screeds Market Regional Split (%), 2020 & 2028
North America Latin America Europe Asia Pacific Middle East Africa
• Strengthening urbanisation and improving infrastructure leading to increased demand of construction materials
• Greater net income of population and uprising preference towards superior-quality flooring
• Higher investments in high-end residential and commercial spaces
• Volatile costs of raw materials
• Economic slowdown after the global pandemic
Top Companies in Floor Screeds Market
Longcliffe Quarries, Tarmac, Sika Group, Munster Floor Screed, Base Concrete Company, Cemex UK, Flowcrete Group, EasyMix Concrete UK, Premier Floor Screed, Rapid ReadyMix Concrete, LKAB Minerals, Saint-Gobain Weber, Ronacrete, GM Floor Screeds, PC Flooring
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Cementitious Screed Calcium Sulphate Screed Synthetic Resin Screed
Floor Screeds Market Split (%) in 2021, By Material Type
Less Than 30mm 30mm To 60mm Above 60mm 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 2020 E 2028 F
Floor Screeds Market Split (%) in 2021, By Floor Thickness
713.6 1066.2 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0 200.0 400.0 600.0 800.0 1000.0 1200.0 2018H 2019H 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F YoY Growth (%) Market Revenue (US$ Mn ) Year Global Floor Screeds Market Size (US$ Mn) And Forecast, & Annual Growth Rate (%), 2020–2028 Revenue (US$ Mn) AGR(%)
Drivers
Global Floor Screeds Market Size & Forecast, 2020–2028
Global Floor Screeds market accounted for US$ XXXX Mn in 2018 and is projected to register a CAGR of 5.1% to reach US$ 1,066.2 Mn by 2028 end
Key Takeaways
Above figures indicates global floor screeds market revenue forecast, annual growth rate (AGR%), & Absolute $ opportunity during the forecast period
❑ In 2019, the global floor screeds market was valued at US$ XXXX Mn and is estimated to reach at a value of US$ XXXX Mn by the end of 2020, with a growth rate of XX%
❑ The global floor screeds market is expected to reach at a value of US$ 1,066.2 Mn by 2028 end at a CAGR of 5.1%
❑ Floor screeds market is expected to create an incremental opportunity of US$ XXXX Mn during the forecast period
❑ Floor screeds market is expected to increase 1.49X during the forecast period
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Figure 01: Global Floor Screeds Market Size And Forecast, & Annual Growth Rate (%), 2020–2028
Figure 02: Global Floor Screeds Market Absolute $ Opportunity, 2020–2028
713.6 1,066.2 0.0% 100.0% 200.0% 300.0% 400.0% 500.0% 600.0% 0.0 200.0 400.0 600.0 800.0 1000.0 1200.0 2018H 2019H 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F Revenue (US$ Mn) AGR(%)
1066.2 0 200 400 600 800 1,000 1,200 2018H 2019H 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F Revenue(US$ Mn) Absolute $ Opportunity
Source: Reports & Insights Analysis
Source: Reports & Insights Analysis
Global Floor Screeds Market Dynamics: Drivers
Strengthening urbanisation and improving infrastructure leading to increased demand of construction materials
In this time and age, around 55% of the global population – about 4.2 billion inhabitants – reside in cities. This trend is projected to stay. According to the estimates, by the year 2050, along with the urban population more than doubling its present-day size, almost 7 out of 10 people across the world are estimated to reside in cities. As a point of fact, with more than 80% of worldwide GDP created in cities, urbanization has the potential to bestow to sustainable growth if administered well by growing productivity, enabling innovation and fresh ideas to emerge. Thus, the strengthening urbanisation all across the globe is further accelerating the improvement in worldwide infrastructure leading its way to increasing construction projects globally.
The soaring construction projects, all over the world, in the form of residential and commercial spaces is majorly elevating the demand of construction materials including floor screeds across the global markets.
Greater net income of population and uprising preference towards superior-quality flooring
Source: Reports & Insights Analysis
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Global Floor Screeds Market Dynamics: Restraints
Volatile costs of raw materials
In favor of companies with significant raw material exposure, specifically manufacturers and those engaged in the process industries, commanding raw material volatility has become crucial for the purpose of short-term growth and long-term competitive advantage.
Moreover, as per the statement of John Robbins, U.S. managing director for construction project management services, in a recent interview, ‘We're witnessing higher prices across the board, and it’s equally affecting residential and commercial construction. Overall, costs are up 3-5% versus the same time last year. That’s outpacing the typical cost performance index.’ Such frequent volatility in the prices of raw materials is estimated to slow down the market growth in the forthcoming years.
Economic slowdown after the global pandemic
Source: Reports & Insights Analysis
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Covid-19 Impact Overview
Effect on Overall Trade
COVID-19 EFFECT IMPACT
Source: Reports & Insights Analysis
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Section 14 Competitive Landscape
Year Founded: 1910
Headquarter: Baar, Switzerland
Company Overview:
• Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry.
• XXXXX
• XXXXX
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Contact Details:
+41 58 436 68 00
Employee Strength:
~25,000 Website: sika.com/en/home.html
Business Strategy:
2020 Revenue:
8.5 Billion USD
Geographical Presence: Switzerland, USA, India
The future success of Sika is not only dependent on pursuing the right strategy but is just as much based on the trust and dedication of all employees. The Sika journey to global leadership is founded on the company's entrepreneurial philosophy and the Sika Spirit.
,,,,,To be continued in Actual Report
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SIKA
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