Asia Pacific Polyurethane Screed Market

Asia Pacific Polyurethane Screed Market Outlook 2031

• The industry in Asia Pacific was valued at US$ 427.5 Mn in 2022
• It is estimated to grow at a CAGR of 7.4% from 2023 to 2031 and reach US$ 806.3 Mn by the end of 2031

Analysts’ Viewpoint

Rapid urbanization, infrastructure development, and industrialization, is leading to a surge in demand for high-performance flooring solutions, including polyurethane (PU) screeds, offering lucrative Asia Pacific polyurethane screed market opportunities.

Polyurethane screeds offer excellent durability, chemical resistance, thermal insulation, and ease of application, making them increasingly preferred choices across various sectors, including commercial, residential, industrial, and institutional.

Moreover, the burgeoning construction industry in Asia Pacific, fueled by government infrastructure projects and investments in residential and commercial developments, further drives market progress.

Manufacturers are focusing on product innovation, technological advancements, and strategic partnerships to cater to evolving customer needs.

Furthermore, growth in awareness of sustainability and environmental concerns is expected to influence market dynamics, leading to the development of eco-friendly PU screed formulations, further driving expansion in the region.

Market Introduction

The growth in need for eco-friendly building materials, such as polyurethane screeds, is ascribed to the rise in environmental consciousness and the importance of sustainable practices. Producers can benefit from this trend by creating and marketing eco-friendly substitutes for conventional polyurethane formulas.

Low-VOC formulations, recycled ingredients, and bio-based polyols present ways to lessen the environmental impact of polyurethane screeds without sacrificing client performance standards.

Manufacturers can make use of novel formulations and technologies to improve the sustainability, longevity, and performance of polyurethane screeds as long as research and development efforts persist in pushing the boundaries of material science.

Technological advancements including self-leveling formulas, quick-curing methods, and improved chemical resistance present opportunities to satisfy changing consumer demands in a range of sectors.

Strong building activity is driving demand for high-performance flooring options including polyurethane screeds. Furthermore, the need for sturdy and hygienic flooring solutions is being fueled by the expansion of healthcare, education, hospitality, and retail industries, which fuels the Asia Pacific polyurethane screed market size.

Growth in Emphasis on Hygiene and Safety Standards Augmenting Market Development

Flooring solutions in food and beverage, pharmaceuticals, and healthcare industries must endure strict cleaning procedures and inhibit the growth of microorganisms due to the stringent hygiene and safety standards enforced by regulatory agencies.

Polyurethane screeds ensure a sanitary working environment by lowering the danger of contamination and providing seamless, non-porous surfaces that are simple to clean and disinfect.

Polyurethane screeds are also perfect for areas where harsh cleaning solutions are routinely employed because of their resilience to chemicals and sanitizing agents.

The need for polyurethane screeds is surging as companies place higher priority on safety and hygiene, especially in sectors where hygienic conditions are vital to both consumer safety and product quality.

Businesses are looking for sustainable building materials that have the least negative impact on the environment as a result of rise in environmental consciousness and the need to cut carbon emissions.

The environmental advantages of polyurethane screeds include low volatile organic compound (VOC) emissions, less waste production, and long-term durability.

Their environmental impact can be further decreased by formulating them from recycled or renewable resources. Furthermore, by decreasing landfill waste and the need for regular repairs, the durability and resilience of polyurethane screeds aid in resource conservation.

Demand for Durable and Long-lasting Flooring Solutions

The surge in usage of polyurethane (PU) screeds in a variety of industries can be attributed in large part to the rise in need for resilient and long-lasting flooring solutions.

The need for flooring materials that can tolerate significant wear and tear, provide superior resilience to damage and degradation, and offer long-term cost benefits through decreased maintenance and replacement requirements are some of the factors driving this demand.

Durable flooring solutions that can survive challenging operating conditions are becoming crucial as industries including manufacturing, warehousing, automotive, and food processing continue to grow. Because of their outstanding endurance, polyurethane screeds are a great choice for areas where flooring is subjected to frequent wear and tear.

In contrast to conventional flooring materials such as vinyl or epoxy, which can deteriorate over time as a result of temperature changes, chemical exposure, and mechanical stress, polyurethane screeds remain intact and operate well even in the most severe circumstances.

The exceptional qualities of polyurethane, such as its high tensile strength, flexibility, and resistance to impact, abrasion, and chemical corrosion, are responsible for this longevity.

Hence, polyurethane screeds provide a dependable flooring option that can survive the demands of industrial operations, reducing maintenance expenses and downtime while increasing facility uptime and production. All these characteristics are expected to boost the Asia Pacific polyurethane screed market value.

Polyurethane screeds may require a larger initial expenditure at first than other flooring materials, but over time, the advantages greatly exceed the disadvantages. Businesses may decrease operational disruptions, save costly downtime, and increase the lifespan of their buildings by investing in long-lasting flooring solutions that require little care and repair.

Less than 8mm Segment Gaining Traction

As per the Asia Pacific polyurethane screed market analysis, based on thickness, PU screeds with a thickness of less than 8mm emerges are dominant in the market due to their versatility, adaptability, and widespread applicability across various industries and applications.

Surge in demand for thinner, lightweight flooring solutions that offer high performance without adding excessive weight or thickness to structures is driving the segment.

PU screeds with a thickness of less than 8mm provide an ideal balance of strength, durability, and flexibility, making them suitable for use in diverse environments such as residential buildings, commercial spaces, industrial facilities, and healthcare institutions.

These low-thickness screeds offer environmental benefits such as reduced material usage, lower energy consumption during installation, and improved indoor air quality, aligning with the sustainability goals of building developers, architects, and property owners.

The ease of installation and maintenance associated with thinner PU screeds make them a preferred choice for both new construction projects and renovation projects, driving their widespread adoption and market dominance.

High Demand for Self-leveling Systems Driving Market Statistics

The Asia Pacific polyurethane screed market segmentation based on type includes self-leveling system, plastering system, and wall system. The self-leveling segment is dominant as these screeds offer unparalleled ease of installation to create smooth and level surfaces, even over uneven or irregular substrates.

Moreover, self-leveling PU screeds exhibit excellent flow properties, allowing them to spread evenly and form a seamless, flat surface without the need for extensive manual leveling or troweling.

Their ability to withstand heavy foot traffic, mechanical loads, and exposure to chemicals, oils, and abrasion makes them ideal for applications where durability and longevity are critical.

Advancements in self-leveling PU screed formulations have led to the development of products with enhanced properties such as rapid curing times, improved flexibility, and enhanced resistance to temperature fluctuations and moisture ingress

Regional Outlook of Asia Pacific Polyurethane Screed Industry

Asia Pacific’s robust construction industry fuels the demand for PU screed as it offers superior properties compared to traditional flooring materials. Rapid urbanization, population growth, and infrastructure development initiatives in China, India, and Southeast Asia drive the need for high-performance flooring solutions in commercial and residential spaces.

Consequently, manufacturers in the region focus on increasing production capacity to meet the escalating demand. China and India currently dominate the landscape.

Moreover, the growth in awareness regarding the benefits of PU screed, including its resistance to chemicals, abrasion, and temperature variations, further amplifies its adoption across various sectors, driving production output. The easy availability of raw materials, particularly polyols and isocyanates, significantly influences PU screed production in Asia Pacific.

Analysis of Key Players

The Asia Pacific polyurethane screed market is highly fragmented, with the presence of a large number of players. Manufacturers may differentiate their products, reach a wider audience, and maintain an advantage over rivals in a market that is becoming highly competitive by allocating resources to research and development.

Many polyurethane screed players are collaborating strategically to accelerate innovation and expand their business lines in regional and international markets.

Asian Paints PPG Pvt. Ltd., Flowcrete Group Ltd., Fosroc, Inc., Sika Group, ARDEX Group, KOSTER BAUCHEMIE AG, MC-Bauchemie, Rockmax Company Limited, and Saint-Gobain are the prominent Asia Pacific polyurethane screed market manufacturers.

Each of these companies has been profiled in the Asia Pacific polyurethane screed market report based on parameters such as company overview, business strategies, financial overview, business segments, product portfolio, and recent developments.

Asia Pacific Polyurethane Screed Market Snapshot