The new Polished Concrete Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country. Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polished concrete market include BASF SE (Germany), 3M Company (US), Sika AG (Switzerland), The Sherwin Williams Company (US), PPG Industries Inc. (US), UltraTech Cement Limited (India), Boral Limited (Australia). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The increasing demand for visually appealing and modern flooring options fuels the market, with polished concrete offering a sleek and glossy appearance. Its design flexibility, including decorative options, caters to diverse architectural styles and interior designs. The high durability and resistance to wear, stains, and impacts make it a popular choice, leading to its long-lasting nature and minimal maintenance requirements. The sustainability aspect of polished concrete, utilizing existing concrete slabs and improving lighting efficiency, aligns with environmental considerations. This system's low maintenance and cost savings further drive market growth. Its hypoallergenic properties and the ability to enhance indoor air quality are attractive features. The industrial and commercial sectors, retrofitting and renovation projects, and the growth of the construction industry contribute to the demand for polished concrete.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polished concrete. The growth and trends of Polished Concrete Industry provide a holistic approach to this study.
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Market Segmentation
This section of the polished concrete market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Densifier
- Sealer & Crack Filler
- Conditioner
By Method
- Dry
- Wet
By Construction Type
- New Construction
- Renovation
By End-Use Sector
- Residential
- Non-Residential
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polished Concrete market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The Global Polished Concrete Market size is projected to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast year.COVID-19 impact on global polished concrete marketThe global polished concrete market is expected to witness the impact of the pandemic on its demand, in 2020-2021.
Moreover, due to the COVID-19, the market is being hampered owing to slowing raw material production, supply chain disruption, hampered trade movements, declining construction demand, and reduced demand for new projects.Polished Concrete Market DynamicsDriver: Increased demand for polished concrete for flooring applicationsThe high demand for polished concrete, especially for constructing hotel flooring and other commercial buildings, is a primary factor resulting in an upsurge in demand.
This is mainly due to the widespread benefits of the polished concrete, such as good esthetic appeal to floors, along with its resistance to skidding and wear & tear caused by heavy footfall.
The cement industry is one of the key producers of carbon dioxide, a potent greenhouse gas.
For the dry concrete polishing method, the surface of the concrete is ground using commercial-scale polishing machines.
Each stage of the process requires a different abrasive polishing disk, often incorporating diamond grit, with coarser textures for earlier stages and finer ones to get the final shine.New construction segment to dominate the polished concrete market in 2019.New construction, by construction type, accounted for the largest demand for polished concrete in 2019, in terms of value and volume.
