Global Polished Concrete Market Size By Type (Densifier, Sealer And Crack Filler), By Construction Type (New Construction, Renovation), By Method (Dry, Wet), By End User (Residential, Non-Residential), By Geographic Scope And Forecast

Polished Concrete Market Size And Forecast

Polished Concrete Market size was valued at USD 2.3 Billion in 2022 and is projected to reach USD 3.4 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030.

You know, Polished Concrete is getting really popular, especially when it comes to things like hotel flooring and other big commercial projects. A big reason for this is that it just looks fantastic on floors, plus it's super slip-resistant and can handle tons of foot traffic without wearing down. We're expecting to see a huge jump in demand in places like the Asia-Pacific region, and also in the Middle East and Africa. With all the building going on, especially new homes and industrial sites in those up-and-coming countries, people are going to be using a lot more Polished Concrete. Ultimately, it's the way it makes buildings and facilities look so much better that's really driving the demand for Polished Concrete Market size.

Global Polished Concrete Market Definition

Polished Concrete is a concrete conditioner that is used on hard and polished surfaces. Due to the image and value that is projected by the looks of the spaces, which may increase and keep the customer base in hotels or other commercial buildings, there has been a huge need for aesthetic infrastructure all over the world. The Polished Concrete has a rich and glossy appearance and does not create floor wear and tear. Global population increase and demand for private residences are expected to fuel Polished Concrete Market expansion over the forecast period.

Increased investment in housing construction is expected to drive revenue growth in the Polished Concrete Market in Asia-Pacific, the Middle East, and Africa. The presence of synthetic chemicals in Polished Concrete may provide a health risk, which is expected to hamper the growth of the Polished Concrete Market throughout the forecast period. Some research investigations suggest that exposure to Polished Concrete may raise the risk of cancer. Furthermore, Polished Concrete is combustible and poisonous.

Global Polished Concrete Market Overview

People are really loving Polished Concrete these days, especially for sprucing up hotel flooring and other commercial buildings. What's fueling this demand? Well, it's got a lot going for it! Polished Concrete looks fantastic on floors and can really take a beating from all those footsteps without getting slippery or worn out. We're expecting to see a big jump in popularity in places like the Middle East, Africa, and across Asia. All that building going on—new houses and factories popping up everywhere—is likely to send the worldwide Polished Concrete industry soaring. Basically, if you want your place to look amazing, Polished Concrete is a great choice, and that’s only making it more and more popular worldwide.

Furthermore, development and renovation initiatives in the residential and commercial sectors are likely to raise demand for smooth and aesthetically appealing flooring at affordable rates throughout the projection period. Growing client preferences for improving the aesthetic appeal of their homes, lowering energy consumption, and repairing their aging heating and cooling systems can be attributed to the rise in building and renovation projects. The price of raw materials and energy required to manufacture Polished Concrete varies, and this trend is projected to continue during the projection period.

So, here's the dealWhen crude oil and petroleum prices jump around, it hits the cost of the stuff that Polished Concrete is made from – cement, adhesives, all those sealants. That means your Polished Concrete project could cost more! Suppliers are feeling the pinch, too. They're either hiking up their prices or taking a smaller cut, which isn't great for the whole global Polished Concrete market. And there's another thingPolished Concrete isn't exactly eco-friendly. All that cement? It's a big source of greenhouse gases and carbon dioxide. That environmental impact? Yeah, it could slow down how much the Polished Concrete market grows in the future.

Expect to see more makeovers and renovations in places like offices and stores this year. Hotel and resort folks are sprucing up their buildings too, all to bring in more guests and make stays even better. Take JW Marriott, for instance—they're opening a shiny new hotel in Canberra, Australia, in September 2021! It's got Polished Concrete flooring, which really makes the floors pop and shows off the latest design trends. Plus, with more money going into shops and homes, Polished Concrete is likely to become even more popular. Why? Well, it's super reflective, doesn't get slippery, is easy on the wallet, and resists stains. All those perks could mean some great opportunities for companies in the Polished Concrete business.

Global Polished Concrete Market Segmentation Analysis

The Global Polished Concrete Market is Segmented on the basis of Type, Construction Type, Method, End User, and Geography.

Polished Concrete Market, By Type

• Densifier
• Sealer & Crack Filler
• Conditioner

Based on Type, the market is segmented into Densifier, Sealer & Crack Filler, and Conditioner. Over the next year, the densifier Polished Concrete sub-segment is predicted to command a large market share on the international stage. A concrete densifier is used as a chemical hardener on top of the concrete slab. In addition, a densifier is used in the slab polishing refinement stage. Concrete densifiers fill the pores of the slab and raise the surface density.

Manufacturers are employing novel ways to gain a substantial market share. W.R. Meadows, for example, invented Induroshine, a green concrete grinding and polishing densifier. This densifier is long-lasting and VOC-free. Try the Induroshine densifier if you require flooring that is thick, resilient, and visually pleasing. This densifier is utilized in a range of applications, including mall floors, hospitals, schools, airports, galleries, stadiums, and factories.

Polished Concrete Market, By Construction Type

• New Construction
• Renovation

Based on Construction Type, the market is segmented into New Construction and Renovation. Due to the high demand for new development projects such as office buildings, warehouses, and residential dwellings. In the United States, for example, which is known for its expanding infrastructure and building projects, USD 20,000 million was invested in the development of Hudson Yards in New York. This is one of the greatest development projects in Chelsea and Hudson Yards. A lot of these new building projects are projected to boost the worldwide industry in the coming years.

Polished Concrete Market, By Method

• Dry
• Wet

When it comes to how it's done (we call that "Method"), the Polished Concrete market is split into two main typesDry and Wet. Guess what? Back in 2022, the dry method totally dominated, grabbing the biggest slice of the global Polished Concrete pie! And get thisthe dust extraction systems they use for dry polishing are approved with super fancy HEPA filters. This amazing tech keeps workers safe from that nasty respirable silica dust, which means a much safer working environment. Plus, if you're after that extra shine and a really great finish, the dry method wins hands down. Oh, and did we mention it's usually cheaper and works well whether you're dealing with a tiny space or a huge warehouse? All these things could really boost profits and help the dry method keep growing in the years to come.

Polished Concrete Market, By End User

• Residential
• Non-residential

Based on End User, the market is segmented into Residential and Non-residential. In 2022, the non-residential segment of the Global Polished Concrete Market had the lion’s share of the market. The rapid development of hospitals, commercial complexes, hotels, and industrial buildings has lately been observed, resulting in an exponential demand from the non-residential segment for Polished Concrete. For example, according to statistics given by the United States Census Bureau on April 1, 2021, total construction spending on non-residential building in the United States was USD 35,1200 million and is predicted to rise throughout the projection year.

Polished Concrete Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on regional analysis, the Polished Concrete Market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market is dominated by the North American area. Technology advancements, the expansion of the construction and building industries, the rising demand for glossy and aesthetically pleasing flooring systems in residential areas, and the high demand for the construction of logistic hubs are just a few of the factors driving the company’s robust revenue growth.

The rapid growth of the e-commerce business has increased the demand for new warehouses and logistical hubs in North America. To attract major e-commerce businesses such as Amazon and Home Depot, for example, developers in the metro Atlanta region have built 18 million square feet of warehouse space, according to The Atlanta Business Chronicles. Finally, all of these factors will have an impact on Polished Concrete demand in North America.

Key Players

The “Global Polished Concrete Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as 3M, The Sherwin Williams Company, Pittsburgh Plate Glass Industries, Inc., Sika AG, Vexcon Chemicals Inc., BASF SE, Ultra Tech Cement Limited, Envision Polished Concrete, Solomon Colors Inc., The Euclid Chemical Company, dmf concrete, Pasadena Concreteworks, Inc., Boral Limited, CHARLOTTES CONCRETE, Fairfax Concrete, TSIAC International, BGSB, Polished Concrete Systems Inc., Craft Polished Concrete, Danek Flooring, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2022, UltraTech Cement has agreed to invest Rs 12,886 crore to increase its annual production capacity by 22.6 million tonnes. The expansion programme is scheduled to be completed by the end of fiscal year 23.
• In March 2021, Sika AG has purchased DriTac, and the acquisition will assure Sika AG’s industry’s market expansion.
• In 2020, PPG Industries, Inc. has acquired Tikkurila (Finland), a maker of finish paints and coatings. Tikkurila’s ornamental trademarks and product lines are well-established in several Northern and Eastern European nations where PPG has a low market presence. This purchase is intended to provide PPG Industries with additional cross-selling opportunities, employee growth prospects, and product solutions for new segments and customers.
• In 2020, Sika AG has increased its production capacity in the UAE by launching a new manufacturing unit in Dubai. Sika invested in the diversification of its manufacturing facilities in Dubai in order to boost production flexibility, cut delivery times, optimise cost structures, and reduce inventory.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Polished Concrete Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Polished Concrete Market gauge the attractiveness of a certain sector, and assess investment possibilities.