Polished Concrete Market

Introduction of the Polished Concrete Market Report

Polished concrete is a supreme no-wax flooring material. With the proper floor grinding equipment and experience, concrete polishing contractors can grind concrete surfaces, whether new or old, to a high-gloss finish. It is replacing conventional floor coverings in the commercial arena across a wide range of sectors.

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Market Dynamic

Key Drivers and Emerging Trends

The polished concrete market is forecast to witness remarkable growth in the forecast period, primarily because of the rapid urbanization and the expansion of construction industry. For example, in 2019, China disbursed nearly USD 4 trillion in construction activities, in which commercial sector stood for nearly 40%. Growing commercial and residential industries in emerging economies and increasing demand for polished concrete for durable and low maintenance flooring options will further expand the polished concrete market growth. In addition, rapid industrialization in developing nations and exceptional benefits of polished concrete, such as improved aesthetics and resistance to skidding and wear & tear are forecast to propel the polished concrete market size. Moreover, the increase in remodeling projects and real estate development drive the demand for concrete floor coating formulations. According to the report published by Business Standard, the Real Estate Market is forecast to account for USD 1 trillion by 2030 in India and is expected to contribute 10% to India’s GDP in 2030. Further, as per the polished concrete market global forecast, the rising disposable incomes, better living standards and increasing economic activities in the developing nations such as India, Indonesia, and Brazil, have positively impacted the overall market growth.

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Type – Segment Analysis

Based on the Type, the Densifier segment is expected to grow at a higher CAGR during the forecast period. This can be attributed owing to the numerous advantages it offers, like protection to the concrete flooring system against chemical spillage, staining, permeable fluids, wear and tear. It is widely preferred and demanded concrete polishing, and its demand is expected to stimulate during the forecast period, with the increase in the demand from the non-residential sector.

Construction Type – Segment Analysis

Based on the Construction Type, the New Construction segment is expected to grow at a higher CAGR during the forecast period. This can be attributed mainly due to the high demand for polished concrete products, mostly for warehousing and office applications. They are also preferred for industrial and commercial spaces or floorings. The growth in the need for polished concrete in this segment is because of the long life, esthetic appeal, and high-performance properties of polished concrete.

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Regional – Segment Analysis:

Based on the region, the North-America is projected to dominate the market during the forecast period. The growth of the polished concrete market in this region is driven by advancements in the technological field in the building & construction sector. In the US, single-family homes are growing, such as in Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina. The usage of shiny, glossy, and aesthetic appeal flooring systems in residential applications has been a key factor driving the polished concrete market share in North America region.

Top Market Players

Various notable players operating in the market include BASF SE, 3M, Sika AG, The Sherwin-Williams Company, PPG Industries, Inc., UltraTech Cement Ltd., Boral, Pasadena Concreteworks, Inc., CHARLOTTES CONCRETE, Fairfax Concrete LLC, among others. 

Key Developments:

• • In 2022, UltraTech Cement decided to invest ₹12,886 crore to expand the production capacity by 22.6 million tons per annum. The expansion program us expected to be completed by the end of FY23.
  • In 2020, PPG Industries, Inc. procured Tikkurila (Finland), a finish paint and coatings manufacturer. Tikkurila’s is established decorative brands and product offerings in many Northern and Eastern European countries where PPG has a minimal market penetration. This acquisition focuses on providing PPG Industries with new cross-selling opportunities, growth opportunities for employees, and product solutions for new segments and customers.
  • In 2020, Sika AG expanded its production capacity in the United Arab Emirates with the commissioning of a new manufacturing plant in Dubai. Sika invested in the diversification of its manufacturing plant at the Dubai site to increase flexibility in production, minimize delivery times, optimize cost structures, and reduce inventories.

Segments covered in the Report:

The global Polished Concrete market has been segmented on the basis of Type, Method, Construction Type, End-Use Sector and regions. Based on Type, the market is segmented into Densifier, Sealer & Crack Filler and Conditioner. Based on Method, the market is segmented into Dry and Wet. Based on Construction Type, the market is segmented into New Construction and Renovation. Based on End-Use Sector the market is segmented into Residential and Non-residential. 

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Key questions answered in this research report:

• • At what pace is global Polished Concrete market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Polished Concrete market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Polished Concrete market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Method areas of global Polished Concrete market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Method, By Construction Type, By End-Use Sector, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, 3M, Sika AG, The Sherwin-Williams Company, PPG Industries, Inc., UltraTech Cement Ltd., Boral, Pasadena Concreteworks, Inc., CHARLOTTES CONCRETE, Fairfax Concrete LLC, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Polished Concrete Market by Type

• • Densifier
  • Sealer & Crack Filler
  • Conditioner

Global Polished Concrete Market by Method

• • Dry
  • Wet

Global Polished Concrete Market by Construction Type

• • New Construction
  • Renovation

Global Polished Concrete Market by End-Use Sector

• • Residential
  • Non-residential

Global Polished Concrete Market by Region

• • North America Polished Concrete Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Method
    • By Construction Type
    • By End-Use Sector
    • US Market All-Up
    • Canada Market All-Up
  • Europe Polished Concrete Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Method
    • By Construction Type
    • By End-Use Sector
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Polished Concrete Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Method
    • By Construction Type
    • By End-Use Sector
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Polished Concrete Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Method
    • By Construction Type
    • By End-Use Sector
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Polished Concrete (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • 3M
  • Sika AG
  • The Sherwin-Williams Company
  • PPG Industries, Inc.
  • UltraTech Cement Ltd.
  • Boral
  • Pasadena Concreteworks, Inc.
  • CHARLOTTES CONCRETE
  • Fairfax Concrete LLC