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Market Overview of Global Under Floor Moisture Mitigation market:
According to our latest research, the global Under Floor Moisture Mitigation market looks promising in the next 5 years. As of 2022, the global Under Floor Moisture Mitigation market was estimated at USD 519.35 million, and it's anticipated to reach USD 667.5 million in 2028, with a CAGR of 4.27% during the forecast years.
Under Floor Moisture Mitigation is a dehumidification system used to relieve moisture release under the floor.
The industrial chain is affected
The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Under Floor Moisture Mitigation market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Under Floor Moisture Mitigation market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.
The production cost of enterprises increases
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.
Strength
The demand for products is stable. In the past few decades, due to changes in the flooring industry and changes in government regulations on adhesives and flooring materials, the number of moisture-related failures on concrete floors has increased. For floors adhering to concrete slabs, achieving and maintaining a strong bond is essential to prolong the life of the floor and satisfactory performance. There are many factors that may affect adhesion and shorten the service life of flooring products, which may result in expensive floor repair or even replacement costs. In response, many concrete dehumidification systems have been developed to reduce moisture emissions and floor failures. These systems can take the form of concrete admixtures, topical coatings, sheet membranes or permeable surface treatments.
Weakness
The lack of high-performance adhesives
A key cause of adhesive failure is alkalinity. When the moisture is highly alkaline, it will degrade most water-based adhesives. If the adhesive is not specifically designed for high alkalinity environments, it may re-emulsify. When this happens, the product will not be able to effectively provide adhesion or humidity control. At this point, the floor itself may become a victim of moisture and alkalinity damage.
Insufficiency of silicate products
After the concrete subfloor is poured, a sprayer is used to inject a silicate mixture into the concrete to apply a lot of silicate. In large construction projects, this process can be time-consuming and expensive-but to make matters worse, this method can produce extremely inaccurate silicate delivery.
High-cost moisture problems, such as bonding failure and mold, are caused by water vapor under the floor or on the ground being trapped under the impermeable layer. This condenses the moisture vapor into liquid water, destroys the adhesive, and creates an ideal breeding ground for mold spores to fester.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (35.16% in 2022).
Company Overview:
MAPEI is one of the major players operating in the Under Floor Moisture Mitigation market, holding a share of 19.56% in 2023.
MAPEI
Mapei S.PA provides adhesives, sealants, and chemical products for building industry. The Company design products for ceramics and stone materials such as cement-based adhesives and concrete restoration products. Mapei distributes products globally.
United States Gypsum
United States Gypsum Corp manufactures construction materials. The Company produces drywall, panels, primers, roofing panels, backboard plasters, and other related building materials. USG offers its products to commercial and residential builders around the world.
Segmentation Overview:
As for product types, the 2-part Epoxy Products segment held the largest market share in 2022.
2-part Epoxy Products
Two-part epoxy products are alkali-resistant, two-component epoxy coatings with high solid content, which can effectively prevent moisture-related problems in floor coverings.
Silicate Products
Silicate Products aims to increase the strength and reduce the porosity of the cast concrete surface. It penetrates deeply into the base material and chemically reacts in the base material to form a hydrated calcium silicate barrier in the pores, thereby reducing the strength and density of concrete by up to 45%. This will help reduce concrete dust and reduce the flow of groundwater and moisture in the concrete.
Application Overview:
By application, the Commercial segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Under Floor Moisture Mitigation market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Under Floor Moisture Mitigation Market Report:
Market Size Estimates: Under Floor Moisture Mitigation market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Under Floor Moisture Mitigation market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Under Floor Moisture Mitigation market
Segment Market Analysis: Under Floor Moisture Mitigation market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Under Floor Moisture Mitigation market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Under Floor Moisture Mitigation Market: Revenue and sales volume of major countries in each region
Under Floor Moisture Mitigation Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Under Floor Moisture Mitigation market in major regions.
Under Floor Moisture Mitigation Industry Value Chain: Under Floor Moisture Mitigation market raw materials & suppliers, manufacturing process, distributors, downstream customers
Under Floor Moisture Mitigation Industry News, Policies & Regulations
Key players in the global Under Floor Moisture Mitigation market are covered in Chapter 12:
Crossfield Products Corp.
Armstrong Flooring Inc.
LATICRETE International
United States Gypsum Company
Schomburg GmbH & Co. KG
MAPEI
GCP Applied Technologies
KÖSTER Group
In Chapter 2 and Chapter 15.1, based on types, the Under Floor Moisture Mitigation market from 2018 to 2028 is primarily split into:
2-part Epoxy Products
Silicate Products
Others
In Chapter 3 and Chapter 15.2, based on applications, the Under Floor Moisture Mitigation market from 2018 to 2028 covers:
Commercial
Personal
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Under Floor Moisture Mitigation market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028