Global Floor Screeds Market, By Material Type (Cementitious Screed, Calcium Sulphate Screed, and Synthetic Resin Screed), By Screed Type (Bonded Screed, Unbonded Screed, Floating Screed, Flowing Screeds, and Heated Screeds), By Floor Thickness (Less Than 30mm, 30mm To 60mm, and Above 60mm), By End Use (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2028.
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 are made up of cementitious materials and sand blended. It is based on a suitable mix design and is applied to provide a levelled 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 categorised 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 categorised 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.
Over the past few years, there has been a rapid growth in the net income of the working population all across the world and a boost in the growth of the middle-class population. As stated by the World Bank, the low-income countries portray 9 percent of the global population, 76 percent of the world population is represented by the middle-income countries, and lastly, the remaining 16 percent of the world population is high-income countries.
The greater net income of the population is on an equal footing with a supreme lifestyle and changing preferences towards luxurious alternatives. Attributing to said facts, the growing disposable income and altering preferences of the population is further accelerating the demand of excellent-quality flooring, essentially boosting the demand of floor screeds across the markets. On this account, the global floor screeds market is projected to rise significantly in the forthcoming future.
It is no mystery that an investment in real estate is a wise and sensible decision that can be made in the matter of branching out the investment portfolio. Along with the tremendous ROI one is likely to get as a property owner, it is also an appealing fact that the property being an investment will never likely to lose its value, and might even enhance in value the whole time it stays on the books. Irrespective of the investments in residential or commercial space, there is always going to be a requirement for property for either living in or doing business – which turns out to be another reason for it being an incredible idea to add some to the books.
Moreover, the rising disposable income of the population worldwide is further surging the number of investments in high-end real estate properties. Such factors are also projected to contribute positively to the growth of the global floor screeds market in the future years
Reports and Insights Study identifies some of the key participating players in global floor screeds market are 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, and PC Flooring