Floor Screed Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Floor Screed Market was valued at USD 10.9 billion in 2024 and is estimated to grow at a CAGR of 4.9% to reach USD 17.4 billion by 2034.
The growth is driven by rising construction activity across residential, commercial, and industrial sectors, along with increased renovation and remodeling projects worldwide. Floor screeds play a critical role in providing smooth, durable, and level surfaces for final floor finishes such as tiles, wood, and vinyl. Advancements in screed formulations, including polymer-modified and fast-drying products, are further enhancing installation efficiency and reducing overall project timelines. The increasing adoption of underfloor heating systems is also supporting market expansion, as screeds are essential for effective heat distribution and long-term structural performance. The market is further benefiting from the growing emphasis on sustainability and energy-efficient building practices. Manufacturers are increasingly focusing on low-VOC, low-carbon, and eco-friendly screed solutions to comply with stringent environmental regulations and green building certifications. Technological advancements in screed manufacturing, including improved flowability, higher compressive strength, and reduced shrinkage, are enabling their use in demanding applications such as high-rise buildings, commercial complexes, and industrial facilities. Additionally, urbanization and infrastructure development in emerging economies continue to create strong demand for reliable and cost-effective flooring solutions, positioning floor screeds as a foundational component of modern construction projects.
By material type, the cementitious screed segment reached USD 6.8 billion in 2024, driven by its versatility, cost-effectiveness, and wide applicability across residential and commercial projects. Cementitious screeds are preferred for their excellent compressive strength, durability, and compatibility with a wide range of floor coverings. Their adaptability to underfloor heating systems and availability in rapid-drying variants make them particularly attractive for fast-track construction and renovation projects. Continuous improvements in polymer-modified cement screeds are further enhancing performance characteristics, reinforcing the segment’s leadership position.
In terms of screed type, the bonded screed segment accounted for the highest revenue share, generating USD 3.3 billion in 2024. Bonded screeds are widely used due to their strong adhesion to concrete substrates, making them suitable for areas subjected to heavy loads and high foot traffic. These screeds are commonly applied in commercial buildings, industrial facilities, and institutional infrastructure where long-term durability and structural integrity are critical. Their ability to provide thinner applications without compromising strength also supports their growing adoption, particularly in renovation and refurbishment projects where floor height constraints are a concern.
Asia Pacific Floor Screed Market accounted for USD 3.4 billion in 2024, supported by rapid urbanization, large-scale infrastructure investments, and expanding residential and commercial construction activities across countries such as China, India, and Southeast Asia. The region’s strong reliance on new housing developments, transportation infrastructure, and industrial expansion is driving consistent demand for high-performance screed solutions. Additionally, increasing awareness of quality flooring systems and the adoption of modern construction technologies are further strengthening Asia Pacific’s dominance in the global floor screed market.
Key players operating in the Global Floor Screed Market include Ardex Group, Sika Group, Saint-Gobain, Flowcrete, Terraco Group, Colmef Monneli, Edilteco Group, CES Quarry Products, Polycote, Simcrete India, Floorex, and SMET Building Products. These companies are actively competing through product innovation, geographic expansion, and strategic collaborations to strengthen their market position. Companies in the floor screed market are strengthening their market foothold through a combination of innovation, expansion, and strategic partnerships. Leading players are investing heavily in R&D to develop advanced screed formulations, including rapid-drying, fiber-reinforced, and low-carbon products that meet evolving sustainability standards.
The growth is driven by rising construction activity across residential, commercial, and industrial sectors, along with increased renovation and remodeling projects worldwide. Floor screeds play a critical role in providing smooth, durable, and level surfaces for final floor finishes such as tiles, wood, and vinyl. Advancements in screed formulations, including polymer-modified and fast-drying products, are further enhancing installation efficiency and reducing overall project timelines. The increasing adoption of underfloor heating systems is also supporting market expansion, as screeds are essential for effective heat distribution and long-term structural performance. The market is further benefiting from the growing emphasis on sustainability and energy-efficient building practices. Manufacturers are increasingly focusing on low-VOC, low-carbon, and eco-friendly screed solutions to comply with stringent environmental regulations and green building certifications. Technological advancements in screed manufacturing, including improved flowability, higher compressive strength, and reduced shrinkage, are enabling their use in demanding applications such as high-rise buildings, commercial complexes, and industrial facilities. Additionally, urbanization and infrastructure development in emerging economies continue to create strong demand for reliable and cost-effective flooring solutions, positioning floor screeds as a foundational component of modern construction projects.
By material type, the cementitious screed segment reached USD 6.8 billion in 2024, driven by its versatility, cost-effectiveness, and wide applicability across residential and commercial projects. Cementitious screeds are preferred for their excellent compressive strength, durability, and compatibility with a wide range of floor coverings. Their adaptability to underfloor heating systems and availability in rapid-drying variants make them particularly attractive for fast-track construction and renovation projects. Continuous improvements in polymer-modified cement screeds are further enhancing performance characteristics, reinforcing the segment’s leadership position.
In terms of screed type, the bonded screed segment accounted for the highest revenue share, generating USD 3.3 billion in 2024. Bonded screeds are widely used due to their strong adhesion to concrete substrates, making them suitable for areas subjected to heavy loads and high foot traffic. These screeds are commonly applied in commercial buildings, industrial facilities, and institutional infrastructure where long-term durability and structural integrity are critical. Their ability to provide thinner applications without compromising strength also supports their growing adoption, particularly in renovation and refurbishment projects where floor height constraints are a concern.
Asia Pacific Floor Screed Market accounted for USD 3.4 billion in 2024, supported by rapid urbanization, large-scale infrastructure investments, and expanding residential and commercial construction activities across countries such as China, India, and Southeast Asia. The region’s strong reliance on new housing developments, transportation infrastructure, and industrial expansion is driving consistent demand for high-performance screed solutions. Additionally, increasing awareness of quality flooring systems and the adoption of modern construction technologies are further strengthening Asia Pacific’s dominance in the global floor screed market.
Key players operating in the Global Floor Screed Market include Ardex Group, Sika Group, Saint-Gobain, Flowcrete, Terraco Group, Colmef Monneli, Edilteco Group, CES Quarry Products, Polycote, Simcrete India, Floorex, and SMET Building Products. These companies are actively competing through product innovation, geographic expansion, and strategic collaborations to strengthen their market position. Companies in the floor screed market are strengthening their market foothold through a combination of innovation, expansion, and strategic partnerships. Leading players are investing heavily in R&D to develop advanced screed formulations, including rapid-drying, fiber-reinforced, and low-carbon products that meet evolving sustainability standards.
Table of Contents
187 Pages
- Chapter 1 Methodology
- 1.1 Industry coverage
- 1.2 Market scope and definitions
- 1.3 Research design
- 1.4 Market size estimates and calculations
- 1.4.1 Approach 1: Company revenue share analysis
- 1.4.2 Approach 2: Data mining approach (investor presentations)
- 1.5 Key trends for market estimates
- 1.6 Forecast model
- 1.7 Primary research & validation
- 1.8 Primary sources
- 1.8.1 Data mining sources
- 1.8.1.1 Paid sources 24
- 1.8.1.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- 2.1.1 Business trends
- 2.1.2 Material Type trends
- 2.1.3 Delivery method trends
- 2.1.4 Screed Type trends
- 2.1.5 Thickness trends
- 2.1.6 End User trends
- 2.1.7 Region trends
- 2.2 CXO perspectives: Strategic imperatives
- 2.2.1 Key decision points for industry executives
- 2.2.2 Critical success factors for market players
- 2.3 Future outlook and strategic recommendations
- 2.4 Decision framework
- 2.4.1 Investment priority matrix
- 2.4.2 Investment priority matrix
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing construction activities
- 3.2.1.2 Expansion of the renovation and remodeling sector
- 3.2.1.3 Technological advancements in floor screed materials
- 3.2.2 Industry pitfall
- 3.2.2.1 Fluctuating raw material prices
- 3.2.2.2 Intense competition among market players
- 3.2.3 Opportunities
- 3.2.3.1 Technological innovation and advanced screed solutions
- 3.2.3.2 Expansion in renovation and remodeling projects
- 3.3 Growth potential analysis
- 3.3.1 By material type
- 3.4 Regulatory landscape
- 3.4.1 Standards and certifications
- 3.4.2 Environmental regulations
- 3.4.3 Import export regulations
- 3.5 Future market trends
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
- Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Company matrix analysis
- 4.3.1 Product Positioning
- 4.3.2 Price-Performance Positioning
- 4.3.3 Geographic Presence
- 4.3.4 Innovation Capabilities
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Key developments
- 4.6.1 Mergers & acquisitions
- 4.6.2 Partnerships & collaborations
- 4.6.3 New Product Launches
- 4.6.4 Expansion Plans
- 4.6.5 R&D Investment Analysis
- Chapter 5 Global Floor Screed Market, By Material Type
- 5.1 Cementitious screed
- 5.2 Calcium sulphate screed
- 5.3 Synthetic resin screed
- Chapter 6 Global Floor Screed Market, By Delivery method
- 6.1 Bags
- 6.2Silos
- 6.3 Transmit trucks
- 6.4 Pump trucks
- 6.5 Ready mix trucks
- 6.6 Others
- Chapter 7 Global Floor Screed Market, By Screed type
- 7.1 Bonded screed
- 7.2 Unbonded screed
- 7.3 Floating screed
- 7.4 Flowing screed
- 7.5 Heated screed
- Chapter 8 Global Floor Screed Market, By Thickness
- 8.1 Less than 30 MM
- 8.2 30 MM to 60 MM
- 8.3 Above 60 MM
- Chapter 9 Global Floor Screed Market, By End use
- 9.1 Residential
- 9.2 Commercial
- 9.3 Industrial
- Chapter 10 Global Floor Screed Market, By Region
- 10.1 North America
- 10.2 Europe
- 10.3 Asia Pacific
- 10.4 Latin America
- 10.5 Middle East & Africa
- Chapter 11 Company Profiles
- 11.1 Ardex
- 11.1.1 Financial data
- 11.1.2 Product landscape
- 11.1.3 Strategic outlook
- 11.1.4 SWOT analysis
- 11.2 CES Quarry
- 11.2.1 Financial data
- 11.2.2 Product landscape
- 11.2.3 Strategic outlook
- 11.2.4 SWOT analysis
- 11.3 Colmef_Monnell
- 11.3.1 Financial data
- 11.3.2 Product landscape
- 11.3.3 Strategic outlook
- 11.3.4 SWOT analysis
- 11.4 Edilteco Group
- 11.4.1 Financial data
- 11.4.2 Product landscape
- 11.4.3 Strategic outlook
- 11.4.4 SWOT analysis
- 11.5 FLOOREX
- 11.5.1 Financial data
- 11.5.2 Product landscape
- 11.5.3 Strategic outlook
- 11.5.4 SWOT analysis
- 11.6 Flowcret
- 11.6.1 Financial data
- 11.6.2 Product landscape
- 11.6.3 Strategic outlook
- 11.6.4 SWOT analysis
- 11.7 Polycote
- 11.7.1 Financial data
- 11.7.2 Product landscape
- 11.7.3 Strategic outlook
- 11.7.4 SWOT analysis
- 11.8 Saint Gobain
- 11.8.1 Financial data
- 11.8.1.1 Sales revenue, 2021-2024 (USD Million)
- 11.8.2 Product landscape
- 11.8.3 Strategic outlook
- 11.8.4 SWOT analysis
- 11.9 Sika Group
- 11.9.1 Financial data
- 11.9.1.1 Sales revenue, 2021-2024 (USD Million)
- 11.9.2 Product landscape
- 11.9.3 Strategic outlook
- 11.9.4 SWOT analysis
- 11.10 Simcrete India
- 11.10.1 Financial data
- 11.10.2 Product landscape
- 11.10.3 SWOT analysis
- 11.11 SMET Building Products
- 11.11.1 Financial data
- 11.11.2 Product landscape
- 11.11.3 Strategic outlook
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