Polished Concrete Market: 5.67% CAGR Forecast
Evolve Business Intelligence has published a research report on the Global Polished Concrete Market, 2021–2034. The global Polished Concrete market is projected to exhibit a CAGR of around 4.41%during the forecast period of 2021 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Polished Concrete Market: PPG INDUSTRIES, INC., BASF SE, 3M COMPANY, THE SHERWIN-WILLIAMS COMPANY, BORAL LIMITED, SIKA AG, ULTRATECH CEMENT LIMITED, SOLOMON COLORS INC, THE EUCLID CHEMICAL COMPANY, VEXCON CHEMICALS, INC.
More Information: https://evolvebi.com/report/polished-concrete-market-analysis/
Market Highlights
The Polished Concrete Market size accounted for USD 3.41 Billion in 2023 and is estimated to account for 4.78 Billion in 2024. The Market is expected to reach USD 6.88 Billion by 2034 growing at a compound annual growth rate (CAGR) of 5.67% from 2024 to 2034. The polished concrete market involves the use of advanced techniques to achieve a smooth, glossy finish on concrete surfaces. This market includes products and services related to concrete polishing, such as equipment, chemicals, and finishing services. Key drivers include increasing demand for durable and low-maintenance flooring solutions in commercial, industrial, and residential spaces. The market is influenced by trends towards sustainable building practices and aesthetic preferences for modern, sleek interiors. Growth factors include the rise in construction activities, renovations, and upgrades of existing buildings. The market is segmented by type (e.g., grinding machines, densifiers) and application (e.g., retail spaces, warehouses, residential buildings).
Segmental Analysis
The global Polished Concrete market has been segmented based on Basis of type, Basis of method, Construction type, End Use
Based on the Basis of type, the market is segmented based on Densifier, Sealer & Crack Filler, Conditioner. the densifier segment dominates as it is crucial for strengthening and enhancing the hardness of the concrete surface, which is essential for achieving a durable and high-quality finish.
Based on Basis of method, the market has been divided into Dry, Wet. the wet method dominates due to its ability to achieve a higher quality finish and more refined surface by using water during the grinding and polishing process.
Based on the Construction type, the market has been divided into New Construction, Renovation. the new construction segment dominates as it often integrates polished concrete into the initial design and building phases, leveraging its benefits from the outset.
Based on End Use, the market has been divided into Residential, Non-residential. the non-residential segment dominates due to its widespread use in commercial, industrial, and institutional buildings, where durability and low maintenance are highly valued
More Information: https://evolvebi.com/report/polished-concrete-market-analysis/
Regional Analysis
The Polished Concrete market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. The Asia Pacific region holds a dominant position in the Polished Concrete market. In 2022, the polished concrete market in Asia Pacific held a 45.80% market share. The reasons for this expansion are Asia-Pacific’s increased industrialization, urbanization, and residential construction. During the epidemic, for example, the China State Construction Engineering Corporate (CSCEC) constructed two hospitals in Wuhan in ten or twelve days. This is one of the largest construction companies in China. It is anticipated that this rapid development and building will spur market expansion, which will ultimately improve the Asia-Pacific polished concrete market in the ensuing years. The North America region is witnessing rapid growth and emerging as a significant market for the Polished Concrete industry. From 2023 to 2032, the polished concrete market in North America is anticipated to rise significantly. The polished concrete market in North America is expanding due to advancements in technology within the architecture and construction industry. Single-family homes are becoming more common in the US, especially in Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina.
