The research report on ‘global polished concrete market’ elucidates detailed information on crucial aspects like growth catalysts, restraints, and opportunities defining the growth trajectory of the business sphere.
According to MarketStudyReport, global polished concrete market size was worth USD 2.2 billion in 2020 and is anticipated to register an annul growth rate of 5.6% during 2021-2026, thereby amassing USD 3.22 billion by the end of the forecast duration.
The study further assesses the various segments and sub segments to determine the size and scope of the market. Besides, a deep dive evaluation of the geographical landscape consisting of the key benefactors to the industry progression is incorporated. Lastly, it offers valuable insights to the competitive arena of this business vertical inclusive of the major players and other pivotal data related to them.
Increasing demand for polished concrete for flooring applications and rising adoption of cost-effective and green flooring systems are aiding market expansion.
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For the unversed, polished concrete refers to a multi-step process where the concrete floor is honed, mechanically grinded and is polished with bonded abrasives to cut the floor’s surface.
In addition, growing construction and building activities driven by swift urbanization and population expansion is augmenting industry outlook.
As per a data released by Statista, the total expenditure on construction globally was USD 11.5 trillion in 2018 which jumped to USD 12.5 trillion in 2020 which is further projected to reach USD 19.2 trillion by 2035.
On the contrary, the progression of global polished concrete market could be hampered by the frequent fluctuation in the prices of raw materials.
Elaborating regional landscape
Regions like North America, Europe, Asia Pacific, and Latin America are considered to understand the dynamics of this business vertical. Among these, North America presently holds a significant market share owing to rapid technological advancements in the construction and building sector.
Moreover the region is also poised to amass notable gains during 2021-2027 accreditable to the widespread usage of glossy, shiny, and aesthetically appealing flooring system across residential establishments.
Expounding the competitive arena
The major companies operating in global polished concrete market are Vexcon Chemicals Inc., The Euclid Chemical Company, Solomon Colors Inc., UltraTech Cement Limited, Sika AG, Boral Limited, Sherwin-Williams Company, The 3M Company, BASF SE, and PPG Industries Inc.
The aforementioned companies are adopting various effective strategies like partnerships, mergers & acquisitions, product launches, and investment deals to strengthen the foothold in the overall market.
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Global Polished Concrete Market by Type (Revenue, USD Billion, 2018-2027)
- Densifier
- Sealer & crack filler
- Conditioner
Global Polished Concrete Market by Method (Revenue, USD Billion, 2018-2027)
- Dry
- Wet
Global Polished Concrete Market by Construction Type (Revenue, USD Billion, 2018-2027)
- New Construction
- Renovation
Global Polished Concrete Market By End-User Reach (Revenue, USD Billion, 2018-2027)
- Residential
- Non-residential
Global Polished Concrete Market Regional Analysis (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Rest of The World
Global Polished Concrete Market Competitive Hierarchy (Revenue, USD Billion, 2018-2027)
- Vexcon Chemicals Inc.
- The Euclid Chemical Company
- Solomon Colors Inc.
- UltraTech Cement Limited
- Sika AG
- Boral Limited
- Sherwin-Williams Company
- The 3M Company
- BASF SE
- PPG Industries Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Polished Concrete Market, by region, 2019-2027 (USD Billion)
1.2.2. Polished Concrete Market, by type, 2019-2027 (USD Billion)
1.2.3. Polished Concrete Market, by Method, 2019-2027 (USD Billion)
1.2.4. Polished Concrete Market, by Construction Type, 2019-2027 (USD Billion)
1.2.5. Polished Concrete Market, by End use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polished Concrete Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polished Concrete Market Dynamics
3.1. Polished Concrete Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for polished concrete for flooring applications
3.1.1.2. Rise in the demand for cost-effective and green flooring system
3.1.2. Market Restraint
3.1.2.1. Volatility in raw material prices
3.1.3. Market Opportunities
3.1.3.1. Population growth and rapid urbanization translating to large number of construction projects
Chapter 4. Global Polished Concrete Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Polished Concrete Market, by type
5.1. Market Snapshot
5.2. Global Polished Concrete Market by type, Performance – Potential Analysis
5.3. Global Polished Concrete Market Estimates & Forecasts by type 2018-2027 (USD Billion)
5.4. Polished Concrete Market, Sub Segment Analysis
5.4.1. Densifier
5.4.2. Sealer & crack filler
5.4.3. Conditioner
Chapter 6. Global Polished Concrete Market, by Method
a. Market Snapshot
6.1. Global Polished Concrete Market by Method, Performance – Potential Analysis
6.2. Global Polished Concrete Market Estimates & Forecasts by Method 2018-2027 (USD Billion)
6.3. Polished Concrete Market, Sub Segment Analysis
6.3.1. Dry
6.3.2. Wet
Chapter 7. Global Polished Concrete Market, by Construction Type
b. Market Snapshot
7.1. Global Polished Concrete Market by Construction Type, Performance – Potential Analysis
7.2. Global Polished Concrete Market Estimates & Forecasts by Construction Type 2018-2027 (USD Billion)
7.3. Polished Concrete Market, Sub Segment Analysis
7.3.1. New construction
7.3.2. Renovation
Chapter 8. Global Polished Concrete Market, by End Use
c. Market Snapshot
8.1. Global Polished Concrete Market by End-use, Performance – Potential Analysis
8.2. Global Polished Concrete Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
8.3. Polished Concrete Market, Sub Segment Analysis
8.3.1. Residential
8.3.2. Non-residential
Chapter 9. Global Polished Concrete Market, Regional Analysis
Related Report:
Non-Residential Polished Concrete Market Size By Application (New Floors, Retrofit Floors), By End-user (Industrial, Commercial, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
The non-residential polished concrete market is expected to witness a lucrative rate of growth over the forthcoming time period owing to favorable government initiatives towards developing regional infrastructure facilities, increasing revamping activities of hotels & restaurants in developed countries, high consumer preference for positive outlook, and better aesthetics for decorative concrete in retail stores, and rising construction activities of non-residential buildings backed by private & public sector investment. From a regional frame of reference, non-residential polished concrete market in Latin America will be accounting for limited share throughout the study timeframe. This can be majorly due to developing construction industry in major countries. Polished concrete has long been trending with homeowners, interior designers especially for its unique style and aesthetic appeal. It is known as a very versatile and durable material which is effortlessly customized in its appearance, utilizing stunning colors, quartz, and aggregates to form a sense of industrial sophistication across commercial areas. The reflective surface of polished concrete makes an reminiscent quality under light, which can be appropriate for an assortment of programs.
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