The global floor screed market was valued at US$ 11.4 Billion in 2024 and is projected to reach US$ 19.7 Billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2035. Market growth is being driven by rising global construction and infrastructure development investments, along with the increasing adoption of fast-track and modern flooring installation solutions across residential, commercial, and industrial sectors.
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Key Market Growth Drivers
Rising Global Construction and Infrastructure Development Investments
One of the primary drivers of the floor screed market is the steady increase in global construction and infrastructure spending. New residential housing projects, commercial complexes, hospitality facilities, healthcare institutions, and educational buildings continue to generate strong demand for reliable and high-performance flooring substrates.
Governments and private developers across Asia-Pacific, the Middle East, and Africa are investing heavily in infrastructure projects such as airports, railway stations, industrial parks, logistics hubs, and manufacturing facilities. These developments require durable, load-bearing flooring systems capable of withstanding heavy traffic and mechanical stress, thereby increasing demand for advanced screed solutions.
Increased Adoption of Fast-Track, Modern Flooring Installation Solutions
The growing emphasis on speed, efficiency, and reduced downtime in construction projects has accelerated the adoption of fast-track building methods. As a result, rapid-setting, self-leveling, and polymer-modified screeds are increasingly replacing traditional slow-curing solutions.
Modern screed formulations allow faster drying times and earlier installation of final floor coverings, helping developers reduce labor costs, shorten project timelines, and accelerate project handovers. This trend is particularly prominent in commercial spaces such as retail outlets, office buildings, and hospitality venues, where faster reopening or occupancy directly impacts revenue generation.
Technological advancements have also enabled the development of screeds with improved flow, higher compressive strength, and enhanced compatibility with underfloor heating systems. These innovations are reshaping flooring installation practices across residential, commercial, and industrial applications.
Analysis of Key Players
• Sika AG
• MAPEI S.p.A
• Saint-Gobain
• Fosroc International Ltd.
• Master Builders Solutions
• Flowcrete Group Ltd
• Ardex GmbH
• Cemex
• Holcim Group
• UZIN UTZ Group
• Others
Competition within the market is largely driven by innovation, product performance, technical support, and the ability to meet evolving construction standards. Manufacturers continue to invest in research and development, expand distribution networks, and collaborate with contractors to strengthen their market presence.
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Market Segmentations
By Type
• Bonded Screed (Largest segment, accounting for 51% market share in 2024)
• Unbonded Screed
• Floating Screed
Bonded screeds dominate due to their excellent adhesion, high load-bearing capacity, low thickness, and superior resistance to cracking and impact, making them ideal for commercial, industrial, and renovation projects.
By Region
• Asia Pacific (Leading region with 43% revenue share in 2024)
• North America
• Europe
• Latin America
• Middle East & Africa
Asia Pacific leads the market due to large-scale urbanization, government-led infrastructure upgrades, rapid residential and commercial construction, and increasing demand for fast-installation screed solutions in China, India, and Southeast Asia.
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