Self-Leveling Concrete Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific industry is poised to account for largest revenue share of 37% by 2035, impelled by rising smart city initiatives in the region. For instance, smart city initiatives are leading to increased infrastructure development in the region which results in growing demand for self-leveling concrete to create smooth floors required to support the installation of smart sensors, and other devices. Within India's smart cities mission effort, about two thousand projects totaling over USD 4 billion were completed by 2020. According to the Indian Brand Equity Foundation (IBEF), the total allocated investments for the Smart City Mission in 2020 was reported over USD 28 billion. Also, more than 85% of the entire projects worth USD 24 billion have been offered by the same year.
European Market Insights
The European self-leveling concrete market is estimated to be the second largest, during the forecast timeframe. The growth of the market can be led by the increasing manufacturing of self-leveling concrete in Italy and Germany. Owing to the growing production of self-leveling concrete their availability has become easier in these regions which has increased its adoption in various construction projects. Besides this, Europe also has a majority of aging infrastructure as it is rich in rich in historical landmarks and has the oldest cities. Therefore, the region often requires the need for repair and renovation of old buildings which leads to market growth.
