The Sub-slab Market Size is valued at USD 5.16 billion in 2023 and is predicted to reach USD 7.90 billion by the year 2031 at a 5.6% CAGR during the forecast period for 2024-2031.
The space just below a concrete slab foundation is referred to as a sub-slab. Installing ventilation systems to control gasses like radon, moisture barriers, insulation, drainage, and utilities like plumbing and electrical conduits is crucial while building. Ensuring indoor air quality and building integrity is facilitated by effective sub-slab management.
The sub-slab market is mostly driven by the construction industry's general growth, which is fueled by factors like infrastructure development, urbanization, and economic expansion. Robust sub-slabs are necessary for large-scale infrastructure projects like highways, bridges, and airports in order to handle huge loads and endure challenging circumstances. Sub-slabs are necessary because there is a growing need for additional housing, including single-family homes and multi-family apartments. The construction of commercial buildings, such as workplaces, retail establishments, and industrial buildings, also impacts the sub-slab market.
However, the economic situation, unfavourable meteorological circumstances, including heavy rain or extremely high temperatures, modifications to building rules or regulations, variations in sub-slab preparation materials' costs and availability, and the advent of substitute technology or construction techniques are factors that may limit the growth of the target market during the forecast period. Furthermore, there is growing demand from the commercial and industrial sectors; government restrictions, sustainable construction practices, indoor air quality awareness, and technical improvements are factors likely to create significant growth opportunities in revenue for players operating in the global sub-slab market over the forecast period.
The sub-slab market is segmented on the basis of slab type, building type, and application. Based on slab type, the market is segmented as flat slabs, hollow core slabs, pre-tensioned slabs, pre-stressed slabs, post-tension slabs, composite slabs, and others. Based on the building type segment, the market is segmented as new construction and existing homes. By application, the market is segmented into moisture control, radon mitigation, insulation, storage and access, and others.
The flat slabs category is expected to hold a major share of the global sub-slab market in 2023. Flat slabs are a popular choice for many construction projects since they are simple and easy to manufacture. Columns or walls commonly support them and can be used in a number of settings. Concerns about environmental degradation are also fueling sub-slab market demand. Modular building technology, as opposed to traditional on-site concrete casting, involves fewer on-site activities and human resources. It also results in reduced environmental pollution. According to an Environmental Protection Agency study, the construction sector in the United States accounts for 25% of all non-industrial waste created annually. As a result, the increased emphasis on waste reduction and pollution reduction is driving market growth in the sub-slab sector.
The new construction segment is predicted to grow at a rapid rate in the global sub-slab market. The sub-slab market is an essential part of the larger construction industry; it consists mostly of materials used beneath concrete slabs in construction projects. Sub-slab material demand is significantly influenced by new construction projects, especially in the residential as well as commercial sectors. Sub-slab materials that boost energy efficiency and lessen environmental effects are in higher demand due to the growing trend toward sustainable construction techniques.
The North American sub-slab market is expected to report the most heightened market share in terms of revenue in the near future. A developing section of the construction industry, the sub-slab market in North America is being propelled by factors including growing urbanization, infrastructure development, and the increasing demand for long-lasting and energy-efficient building solutions. The term "sub-slab" describes the layer of material positioned beneath a building's concrete slab; it is usually utilized for radon mitigation, moisture control, and insulation. In addition, Asia Pacific is likely to grow at a rapid rate in the global sub-slab market due to growing awareness among architects, engineers, and builders about the benefits of using sub-slab products, growing infrastructure development, and rapid urbanization.
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 5.16 Bn |
|
Revenue Forecast In 2031 |
USD 7.90 Bn |
|
Growth Rate CAGR |
CAGR of 5.6% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Slab Type, Building Type And Application, |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Nucor Corporation, Oldcastle Infrastructure, CRH, Holcim, Myers Group Ltd., Larsen & Toubro Limited, Gulf Precast Concrete Co. LLC, and Julius Berger Nigeria Plc. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Sub-slab Market Snapshot
Chapter 4. Global Sub-slab Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Sub-slab Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Sub-slab Industry Trends
Chapter 5. Sub-slab Market Segmentation 1: By Slab Type, Estimates & Trend Analysis
5.1. Market Share by Slab Type, 2023 & 2031
5.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Slab Type:
5.2.1. Flat Slabs
5.2.2. Hollow Core Slabs
5.2.3. Pre-tensioned Slabs
5.2.4. Pre-stressed Slabs
5.2.5. Post-tension Slabs
5.2.6. Composite Slabs
5.2.7. Others
Chapter 6. Sub-slab Market Segmentation 2: By Building Type, Estimates & Trend Analysis
6.1. Market Share by Building Type, 2023 & 2031
6.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Building Types:
6.2.1. New Construction
6.2.2. Existing Homes
Chapter 7. Sub-slab Market Segmentation 3: By Application, Estimates & Trend Analysis
7.1. Market Share by Application, 2023 & 2031
7.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
7.2.1. Moisture Control
7.2.2. Radon Mitigation
7.2.3. Insulation
7.2.4. Storage and Access
7.2.5. Others
Chapter 8. Sub-slab Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Sub-slab Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Country, 2024-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Slab Type, 2024-2031
8.2.3. North America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Building Type, 2024-2031
8.2.4. North America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
8.3. Europe
8.3.1. Europe Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Country, 2024-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Slab Type, 2024-2031
8.3.3. Europe Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Building Type, 2024-2031
8.3.4. Europe Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Country, 2024-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Slab Type, 2024-2031
8.4.3. Asia Pacific Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Building Type, 2024-2031
8.4.4. Asia Pacific Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts By Application, 2024-2031
8.5. Latin America
8.5.1. Latin America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Country, 2024-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Slab Type, 2024-2031
8.5.3. Latin America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Building Type, 2024-2031
8.5.4. Latin America Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2024-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Slab Type, 2024-2031
8.6.3. Middle East & Africa Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Building Type, 2024-2031
8.6.4. Middle East & Africa Sub-slab Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Nucor Corporation
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Oldcastle Infrastructure
9.2.3. CRH
9.2.4. HOLCIM
9.2.5. Myers Group Ltd.
9.2.6. LARSEN & TOUBRO LIMITED
9.2.7. Gulf Precast Concrete Co. LLC
9.2.8. Julius Berger Nigeria Plc
9.2.9. Other Prominent Players
Sub-slab Market By Slab Type-
Sub-slab Market By Building Type-
Sub-slab Market By Application-
Sub-slab Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
