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

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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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

Non-Residential Polished Concrete Market Size

Non-Residential Polished Concrete Market size exceeded USD 7.78 billion in 2020 and will grow at 4.3% CAGR from 2021 to 2027. Superior product features including higher reflectivity, excellent durability and cost-effectiveness as compared to other concrete solutions is driving the industry gowth.

Polished concrete has witnessed tremendous demand in overall building & construction sector over past few years. This can be attributed to its ability to cope up heavy foot traffic along with reasonable cost. Polished concrete surfaces, if maintained at regular interval, may eliminate need for replacement for 20 to 30 years. Growing need for improving aesthetic features of hotels, supermarkets, airports, healthcare facilities, etc. is expected to contribute in success of product’s growth.

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Another key growth enabling factor is increasing construction activities in Asia Pacific related to non-residential sector. In 2019, China has reported to spend over USD 4 trillion in construction activities, in which commercial sector accounted for 40%. China accounts for around 20% of global construction investment, which also makes the country one of the largest buildings market.

Non-Residential Polished Concrete Market Report Attributes
Report Attribute Details
Base Year 2020
Non-Residential Polished Concrete Market Size in 2020 7.78 Billion (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 4.3%
2027 Value Projection 10.27 Billion (USD)
Historical Data for 2017 to 2020
No. of Pages 190
Tables, Charts & Figures 190
Segments covered Application, End-use and Region
Growth Drivers
  • Global Driver
    • Increasing usage of polished concrete in retail and corporate sectors worldwide
  • Regional Driver
    • Increasing construction of nonresidential buildings activities across North America
    • Increasing tourist activities and rising investments in hospitality and aviation sector in Europe
    • Increasing infrastructure development and rising construction activities across the Asia Pacific
    • Improving political stability and expanding presence of major industry players in Latin America
    • Improving government reforms and surge in foreign investments across the Middle East & Africa
Pitfalls & Challenges
  • Environmental concerns associated with production of concrete
  • Changing architectural trends and consumer inclination towards alternatives

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Growing population along with increasing disposable income in different countries has attracted investment in Asia Pacific non-residential construction sector. The region is also experiencing investment from industrial companies, which includes upgradation of existing warehouse and designing & constructing new custom facilities. Such trends will further drive need for installation of new flooring, which will increase product demand over 2021 to 2027.

Although industry is growing at rapid rate, the challenges associated with adverse impact of concrete on environment may slowdown product demand during 2021 to 2027. According to National Ready Mixed Concrete Association (NRMCA), the production of 1 Kg of concrete generates approximately 0.93 kg of carbon emission. Such trends will create necessity of stringent regulations for manufacturing of concrete products, which will again hamper industry growth by 2027.

The coronavirus pandemic has put a damper on the sales of polished concrete for businesses. That's because a lot of construction projects have been put on hold for now. Globally, companies selling building materials have taken a big hit as trade has been disrupted and construction sites have closed. Europe and North America are expected to see a sharp drop in the growth of their polished concrete industries during this pandemic year. How much they drop is tied to how much their countries reduce construction overall. For example, the UK's Construction Product Association estimates that construction in the country will go down by about 25% in 2020, with commercial construction projects dropping by 36%. These trends are likely to slow down the growth of the polished concrete market through 2027.

Non-Residential Polished Concrete Market Analysis

New floors are forecast to hold majority share of global non-residential polished concrete market during 2017 to 2027. The product possess key properties of high light reflectivity, enhanced aesthetics, easy to clean surface finish and low maintenance cost. This factor has propelled polished concrete adoption in buildings such as educational centres, hotels, malls, offices, etc. Increasing investment in construction activities of non-residential buildings & structures will further enhance product demand in new floors segment from 2021 to 2027.

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In 2020, businesses made a killing selling polished concrete for non-residential buildings, like stores and hotels, raking in around $3.5 billion. And get this, building owners all over the world are giving their hotels and restaurants a major makeover, which is like music to the ears of companies that make polished concrete. In Europe alone, they're building like crazy, with a 10% jump in hotel construction year after year. By the beginning of 2020, they had already built over 1,500 new hotels. And the U.S. isn't far behind, with a big uptick in hotel construction too. All this building activity means polished concrete is becoming more and more popular. Experts predict that by the end of 2027, it will be everywhere!

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Get ready! Asia-Pacific is expected to lead the way in non-residential buildings with shiny concrete floors, grabbing around 55% of the market from 2021 to 2027. Why? Because there's a construction boom happening in offices, schools, and other non-living buildings. Countries like Malaysia, Indonesia, Japan, and South Korea are seeing a lot of money being poured into building new non-residential spaces and fixing up old ones. For example, Malaysia spent over $2.5 billion on these kinds of projects in just the first three months of 2018. And Australia reported completing over $1 billion worth of non-residential construction work in early 2020. All this building is a great sign for the construction industry, especially for companies that make and install polished concrete floors.

Additionally, many end-users are focusing on enhancing their existing industrial facilities in order to remain competitive. Doosan Heavy Industries & Construction, a South Korean company, has announced to revamp its business portfolio including renewable energy and gas turbine power generation by raising approximately USD 3 trillion, which will be raised from asset sales, cost reduction and capital increase. Such trends will proliferate expansion and revamping activities of non-residential projects in the region.

Non-Residential Polished Concrete Market Share

The non-residential polished concrete industry is dynamic and harshly competitive owing to presence of large number of small to medium scale product manufacturers. Some of the major players in the market are

  • HeidelbergCement
  • Cemex
  • Vicat
  • Lafarge Holcim
  • Boral
  • US Concrete

The key strategic initiatives adopted by these companies include product launches, merger & acquisitions, capacity expansion, etc. In November 2020, HeidelbergCement AG planned to invest nearly USD 400 million on the reorganization program for its various production sites in France, which includes conversion of the plant and automated cement terminal for the distribution. Similarly, the Cemex s.a.b. de c.v. invested in the GoFor Industries, a distributor in North America. These will enhance company’s delivery capabilities in North America for building materials.

This market research report on non-residential polished concrete includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments

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Market, By Application

  • New floors
  • Retrofit floors

Market, By End-User

  • Industrial
  • Commercial
  • Institutional

The above information is provided on a regional and country basis for the following

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Indonesia
  • LATAM
    • Brazil
    • Mexico
    • Colombia
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
       

 

Table of Content

Report Content

Chapter 1      Methodology & Scope

1.1    Market Definitions

1.2    Base estimates & working

1.2.1 North America

1.2.2 Europe

1.2.3 APAC

1.2.4 LATAM

1.2.5 MEA

1.3    Forecast parameters

1.4    Forecast calculations

1.4.1 COVID-19 impact calculations on industry forecast

1.5    Data Sources

1.5.1 Primary

1.5.2 Secondary

1.5.2.1   Paid Sources

1.5.2.2   Public Sources

Chapter 2   Executive Summary

2.1    Non-residential polished concrete market industry 360° synopsis, 2017 – 2027

2.1.1 Business trends

2.1.2 Application trends

2.1.3 End-User trends

2.1.4 Regional trends

Chapter 3   Non-Residential Polished Concrete Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2017-2027

3.3    Industry ecosystem analysis

3.3.1 Raw material suppliers

3.3.2 Service providers

3.3.3 Profit margin analysis

3.3.4 Value addition at each stage

3.3.5 Distribution channel analysis

3.3.6 Vendor matrix

3.3.6.1   List of key suppliers

3.3.6.2   List of key/potential customers

3.4    Polished concrete maintenance industry landscape

3.5    Maintenance cost analysis

3.5.1 Material cost

3.5.2 Labor cost

3.5.3 Manufacturing & equipment cost

3.5.4 Miscellaneous cost

3.5.4.1   List of maintenance service providers

3.6    Equipment used for floor maintenance

3.6.1.1   List of equipment providers

3.7    Technology Trends

3.7.1 Diamond-polished concrete

3.7.2 Hybrid concrete polish

3.7.3 Future trends.

3.8    Regulatory landscape

3.8.1 Standards American National Standards Institute (ANSI)

3.8.2 European Committee for Standardization (CEN)

3.8.3 Guobiao standards (GB) of China

3.9    COVID-19 impact on concrete industry

3.10  Industry impact forces

3.10.1. Global driver

3.10.1.1 Increasing usage of polished concrete in retail and corporate sectors worldwide

3.10.2. North America

3.10.2.1 Increasing construction of nonresidential buildings activities across North America

3.10.3. Europe

3.10.3.1 Increasing tourist activities and rising investments in hospitality and aviation sector.

3.10.4. Asia Pacific

3.10.4.1 Increasing infrastructure development and rising construction activities

3.10.5. Latin America

3.10.5.1 Improving political stability and expanding presence of major industry players.

3.10.6. Middle East & Africa

3.10.6.1 Improving government reforms and surge in foreign investments.

3.10.7. Industry pitfalls & challenges

3.10.7.1 Environmental concerns associated with production of concrete

3.10.7.2 Changing architectural trends and consumer inclination towards alternatives

3.11  Growth potential analysis, 2020

3.12  Competitive landscape

3.12.1. Company market share analysis, 2020

3.12.2. Brand analysis

3.12.3. Strategy dashboard

3.13  Porter’s analysis

3.13.1. Supplier power

3.13.2. Buyer’s power

3.13.3. Threat of new entrants

3.13.4. Threat of substitutes

3.14  Cost structure analysis

3.14.1. R&D cost

3.14.2. Raw material cost

3.14.3. Manufacturing & equipment cost

3.14.4. Operating cost

3.14.5. Miscellaneous cost

3.15  PESTEL analysis

Chapter 4   Non-Residential Polished Concrete Market, By Application

4.1    Global non-residential polished concrete market application insights

4.2    New floors

4.2.1 Market estimates and forecast, 2017 - 2027

4.2.2 Market estimates and forecast, by region, 2017 - 2027

4.3    Retrofit floors

4.3.1 Market estimates and forecast, 2017 - 2027

4.3.2 Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Non-Residential Polished Concrete Market, By End-user

5.1    Global non-residential polished concrete market end-user insights

5.2    Industrial

5.2.1 Market estimates and forecast, 2017 - 2027

5.2.2 Market estimates and forecast, by region, 2017 - 2027

5.3    Commercial

5.3.1 Market estimates and forecast, 2017 - 2027

5.3.2 Market estimates and forecast, by region, 2017 - 2027

5.4    Institutional

5.4.1 Market estimates and forecast, 2017 - 2027

5.4.2 Market estimates and forecast, by region, 2017 - 2027

Chapter 6   Non-Residential Polished Concrete Market, By Region

6.1    Global non-residential polished concrete market regional insights

6.2    North America

6.2.1 Market estimates and forecast, 2017 - 2027

6.2.2 Market estimates and forecast, by application, 2017 - 2027

6.2.3 Market estimates and forecast, by end-user, 2017 - 2027

6.2.4 U.S.

6.2.4.1   Market estimates and forecast, 2017 - 2027

6.2.4.2   Market estimates and forecast, by application, 2017 - 2027

6.2.4.3   Market estimates and forecast, by end-user, 2017 - 2027

6.2.5 Canada

6.2.5.1   Market estimates and forecast, 2017 - 2027

6.2.5.2   Market estimates and forecast, by application, 2017 - 2027

6.2.5.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3    Europe

6.3.1 Market estimates and forecast, 2017 - 2027

6.3.2 Market estimates and forecast, by application, 2017 - 2027

6.3.3 Market estimates and forecast, by end-user, 2017 - 2027

6.3.4 Germany

6.3.4.1   Market estimates and forecast, 2017 - 2027

6.3.4.2   Market estimates and forecast, by application, 2017 - 2027

6.3.4.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.5 UK

6.3.5.1   Market estimates and forecast, 2017 - 2027

6.3.5.2   Market estimates and forecast, by application, 2017 - 2027

6.3.5.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.6 France

6.3.6.1   Market estimates and forecast, 2017 - 2027

6.3.6.2   Market estimates and forecast, by application, 2017 - 2027

6.3.6.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.7 Italy

6.3.7.1   Market estimates and forecast, 2017 - 2027

6.3.7.2   Market estimates and forecast, by application, 2017 - 2027

6.3.7.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.8 Spain

6.3.8.1   Market estimates and forecast, 2017 - 2027

6.3.8.2   Market estimates and forecast, by application, 2017 - 2027

6.3.8.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.9 Russia

6.3.9.1   Market estimates and forecast, 2017 - 2027

6.3.9.2   Market estimates and forecast, by application, 2017 - 2027

6.3.9.3   Market estimates and forecast, by end-user, 2017 - 2027

6.3.10. Poland

6.3.10.1 Market estimates and forecast, 2017 - 2027

6.3.10.2 Market estimates and forecast, by application, 2017 - 2027

6.3.10.3 Market estimates and forecast, by end-user, 2017 - 2027

6.4    Asia Pacific

6.4.1 Market estimates and forecast, 2017 - 2027

6.4.2 Market estimates and forecast, by application, 2017 - 2027

6.4.3 Market estimates and forecast, by end-user, 2017 - 2027

6.4.4 China

6.4.4.1   Market estimates and forecast, 2017 - 2027

6.4.4.2   Market estimates and forecast, by application, 2017 - 2027

6.4.4.3   Market estimates and forecast, by end-user, 2017 - 2027

6.4.5 India

6.4.5.1   Market estimates and forecast, 2017 - 2027

6.4.5.2   Market estimates and forecast, by application, 2017 - 2027

6.4.5.3   Market estimates and forecast, by end-user, 2017 - 2027

6.4.6 Japan

6.4.6.1   Market estimates and forecast, 2017 - 2027

6.4.6.2   Market estimates and forecast, by application, 2017 - 2027

6.4.6.3   Market estimates and forecast, by end-user, 2017 - 2027

6.4.7 Australia

6.4.7.1   Market estimates and forecast, 2017 - 2027

6.4.7.2   Market estimates and forecast, by application, 2017 - 2027

6.4.7.3   Market estimates and forecast, by end-user, 2017 - 2027

6.4.8 South Korea

6.4.8.1   Market estimates and forecast, 2017 - 2027

6.4.8.2   Market estimates and forecast, by application, 2017 - 2027

6.4.8.3   Market estimates and forecast, by end-user, 2017 - 2027

6.4.9 Indonesia

6.4.9.1   Market estimates and forecast, 2017 - 2027

6.4.9.2   Market estimates and forecast, by application, 2017 - 2027

6.4.9.3   Market estimates and forecast, by end-user, 2017 - 2027

6.5    Latin America

6.5.1 Market estimates and forecast, 2017 - 2027

6.5.2 Market estimates and forecast, by application, 2017 - 2027

6.5.3 Market estimates and forecast, by end-user, 2017 - 2027

6.5.4 Brazil

6.5.4.1   Market estimates and forecast, 2017 - 2027

6.5.4.2   Market estimates and forecast, by application, 2017 - 2027

6.5.4.3   Market estimates and forecast, by end-user, 2017 - 2027

6.5.5 Mexico

6.5.5.1   Market estimates and forecast, 2017 - 2027

6.5.5.2   Market estimates and forecast, by application, 2017 - 2027

6.5.5.3   Market estimates and forecast, by end-user, 2017 - 2027

6.5.6 Colombia

6.5.6.1   Market estimates and forecast, 2017 - 2027

6.5.6.2   Market estimates and forecast, by application, 2017 - 2027

6.5.6.3   Market estimates and forecast, by end-user, 2017 - 2027

6.6    Middle East & Africa

6.6.1 Market estimates and forecast, 2017 - 2027

6.6.2 Market estimates and forecast, by application, 2017 - 2027

6.6.3 Market estimates and forecast, by end-user, 2017 - 2027

6.6.4 Saudi Arabia

6.6.4.1   Market estimates and forecast, 2017 - 2027

6.6.4.2   Market estimates and forecast, by application, 2017 - 2027

6.6.4.3   Market estimates and forecast, by end-user, 2017 - 2027

6.6.5 UAE

6.6.5.1   Market estimates and forecast, 2017 - 2027

6.6.5.2   Market estimates and forecast, by application, 2017 - 2027

6.6.5.3   Market estimates and forecast, by end-user, 2017 - 2027

6.6.6 South Africa

6.6.6.1   Market estimates and forecast, 2017 - 2027

6.6.6.2   Market estimates and forecast, by application, 2017 - 2027

6.6.6.3   Market estimates and forecast, by end-user, 2017 - 2027

Chapter 7   Company Profiles

7.1    LafargeHolcim Ltd.

7.1.1 Business Overview

7.1.2 Financial Data

7.1.3 Product Landscape

7.1.4 Strategic Outlook

7.1.5 SWOT Analysis

7.2    HeidelbergCement AG

7.2.1 Business overview

7.2.2 Financial data

7.2.3 Product landscape

7.2.4 Strategic Outlook

7.2.5 SWOT analysis

7.3    Boral

7.3.1 Business overview

7.3.2 Financial data

7.3.3 Product landscape

7.3.4 Strategic Outlook

7.3.5 SWOT analysis

7.4    CEMEX S.A.B. de C.V.

7.4.1 Business overview

7.4.2 Financial data

7.4.3 Product landscape

7.4.4 Strategic Outlook

7.4.5 SWOT analysis

7.5    UltraTech Cement Ltd.

7.5.1 Business overview

7.5.2 Financial data

7.5.3 Product landscape

7.5.4 Strategic Outlook

7.5.5 SWOT analysis

7.6    Breedon Group plc

7.6.1 Business overview

7.6.2 Financial data

7.6.3 Product landscape

7.6.4 Strategic Outlook

7.6.5 SWOT analysis

7.7    U.S. Concrete, Inc.

7.7.1 Business overview

7.7.2 Financial data

7.7.3 Product landscape

7.7.4 Strategic outlook

7.7.5 SWOT analysis

7.8    Vicat

7.8.1 Business Overview

7.8.2 Financial data

7.8.3 Product landscape

7.8.4 Strategic outlook

7.8.5 SWOT analysis

7.9    Summit Material

7.9.1 Business overview

7.9.2 Financial data

7.9.3 Product landscape

7.9.4 Strategic outlook

7.9.5 SWOT analysis

7.10  RDC Concrete (India) Pvt. Ltd.

7.10.1. Business overview

7.10.2. Financial data

7.10.3. Product landscape

7.10.4. SWOT analysis

7.11  Oyak Beton

7.11.1. Business Overview

7.11.2. Financial data

7.11.3. Product Landscape

7.11.4. SWOT Analysis

7.12  Martin Marietta Materials Inc

7.12.1. Business Overview

7.12.2. Financial data

7.12.3. Product Landscape

7.12.4. Strategic outlook

7.12.5. SWOT Analysis

7.13  CRH plc

7.13.1. Business Overview

7.13.2. Financial data

7.13.3. Product Landscape

7.13.4. Strategic outlook

7.13.5. SWOT Analysis

7.14  River Sands

7.14.1. Business Overview

7.14.2. Financial data

7.14.3. Product Landscape

7.14.4. SWOT Analysis

7.15  Jemkon Pvt. Ltd.

7.15.1. Business overview

7.15.2. Financial data

7.15.3. Product landscape

7.15.4. SWOT analysis

  • HeidelbergCement
  • Cemex
  • Vicat
  • Lafarge Holcim
  • Boral
  • US Concrete

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