Non-Residential Polished Concrete Market

Non-Residential Polished Concrete Market Size, Share, Growth Analysis, By Application(New floors, Retrofit floors), By End-User(Industrial, Commercial), By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG15F2101 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Non-Residential Polished Concrete Market Insights

Market Overview:

The Non-Residential Polished Concrete Market witnessed substantial growth, surpassing USD 7.78 billion in 2020, and is expected to continue expanding at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2027. This upward trajectory can be attributed to the increasing adoption of polished concrete in non-residential sectors such as commercial buildings, retail spaces, and industrial facilities. The market's positive outlook reflects the growing recognition of polished concrete's durability, aesthetics, and sustainability features, driving its demand across various industries.

Non-Residential Polished Concrete Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Non-Residential Polished Concrete Market is segmented by Application, End-User, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Non-Residential Polished Concrete Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Application the market is segmented as, New floors, Retrofit floors
  • Based on End-User the market is segmented as, Industrial, Commercial, Institutional
  • Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Regional Analysis:

Non-Residential Polished Concrete Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Non-Residential Polished Concrete Market Attractiveness Analysis, By Region 2020-2028
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Non-Residential Polished Concrete Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Non-Residential Polished Concrete Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Non-Residential Polished Concrete Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Non-Residential Polished Concrete Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Non-Residential Polished Concrete Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • ends
  • 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 growth.
  • 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.
  • 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.
  • 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 AmericaIncreasing tourist activities and rising investments in hospitality and aviation sector in Europe Increasing infrastructure development and rising construction activities across the Asia PacificImproving political stability and expanding presence of major industry players in Latin AmericaImproving government reforms and surge in foreign investments across the Middle East & AfricaPitfalls & Challenges:Environmental concerns associated with production of concreteChanging architectural trends and consumer inclination towards alternativesTo get details on how to order this report click here
  • 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.
  • Ongoing coronavirus pandemic is likely to decline sales volume of non-residential polished concrete market from 2019 to 2020 due to temporary suspension of non-residential construction activities. Globally, building materials have faced significant losses in terms of revenue owing to international trade restriction and stoppage in construction activities across the world. Regionally, Europe and North America are projected to see significant drop in growth rate of polished concrete industry during pandemic year. This will be subjected to construction output in their respective countries for 2020. The Construction Product Association estimated that construction output in the UK will drop by around 25% and commercial construction output by 36% in 2020. Such trends are poised to slowdown market growth rate through 2027.
  • New floors segment will lead global sales volume
  • 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.
  • Trending hotels & restaurant remodeling will drive product penetration in commercial sector
  • In 2020, commercial segment generated around USD 3.5 billion in non-residential polished concrete market driven by the increasing product demand in retail stores and hotels. Building owners are focusing on renovating their existing infrastructure of hotels & restaurants in many parts of the world, which will attract product manufacturer’s attention. Europe reported an increase in hotel construction projected by 10%, year-over-year basis to reach at more than 1,500 in 1st quarter of 2020. The U.S. has also reported considerable increase in hotel construction for the same period. Such trends are expected to increase penetration of polished concrete by end of 2027.
  • Revamping projects and public investment will form basis for APAC’s growth
  • Asia Pacific is predicted to account for around 55% of the non-residential polished concrete market share from 2021 to 2027. The key factor behind this are increasing new construction and remodeling activities of buildings & structure across major countries. Countries like, Malaysia, Indonesia, Japan, South Korea, etc. have witness significant investment from public and private sector in non-residential sector. Malaysia reported over USD 2.5 billion in non-residential construction activities during 1st quarter of 2018. Similarly, Australia reported more than USD 1 billion of non-residential construction work completed during March quarter of 2020. Such trends are promoting regional construction activities for non-residential sector.
  • 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.
  • Strategic partnerships and new product launches may enhance top player’s 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 and many more.
  • 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.
  • KEY MARKET SEGMENTS
  • By Application
  • New floors
  • Retrofit floors
  • By End-User
  • Industrial
  • Commercial
  • Institutional
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

SkyQuest's Expertise:

The Non-Residential Polished Concrete Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Application - New floors, Retrofit floors
  • By End-User - Industrial, Commercial, Institutional
  • By Region - North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • ends
  • 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 growth.
  • 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.
  • 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.
  • 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 AmericaIncreasing tourist activities and rising investments in hospitality and aviation sector in Europe Increasing infrastructure development and rising construction activities across the Asia PacificImproving political stability and expanding presence of major industry players in Latin AmericaImproving government reforms and surge in foreign investments across the Middle East & AfricaPitfalls & Challenges:Environmental concerns associated with production of concreteChanging architectural trends and consumer inclination towards alternativesTo get details on how to order this report click here
  • 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.
  • Ongoing coronavirus pandemic is likely to decline sales volume of non-residential polished concrete market from 2019 to 2020 due to temporary suspension of non-residential construction activities. Globally, building materials have faced significant losses in terms of revenue owing to international trade restriction and stoppage in construction activities across the world. Regionally, Europe and North America are projected to see significant drop in growth rate of polished concrete industry during pandemic year. This will be subjected to construction output in their respective countries for 2020. The Construction Product Association estimated that construction output in the UK will drop by around 25% and commercial construction output by 36% in 2020. Such trends are poised to slowdown market growth rate through 2027.
  • New floors segment will lead global sales volume
  • 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.
  • Trending hotels & restaurant remodeling will drive product penetration in commercial sector
  • In 2020, commercial segment generated around USD 3.5 billion in non-residential polished concrete market driven by the increasing product demand in retail stores and hotels. Building owners are focusing on renovating their existing infrastructure of hotels & restaurants in many parts of the world, which will attract product manufacturer’s attention. Europe reported an increase in hotel construction projected by 10%, year-over-year basis to reach at more than 1,500 in 1st quarter of 2020. The U.S. has also reported considerable increase in hotel construction for the same period. Such trends are expected to increase penetration of polished concrete by end of 2027.
  • Revamping projects and public investment will form basis for APAC’s growth
  • Asia Pacific is predicted to account for around 55% of the non-residential polished concrete market share from 2021 to 2027. The key factor behind this are increasing new construction and remodeling activities of buildings & structure across major countries. Countries like, Malaysia, Indonesia, Japan, South Korea, etc. have witness significant investment from public and private sector in non-residential sector. Malaysia reported over USD 2.5 billion in non-residential construction activities during 1st quarter of 2018. Similarly, Australia reported more than USD 1 billion of non-residential construction work completed during March quarter of 2020. Such trends are promoting regional construction activities for non-residential sector.
  • 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.
  • Strategic partnerships and new product launches may enhance top player’s 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 and many more.
  • 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.
  • KEY MARKET SEGMENTS
  • By Application
  • New floors
  • Retrofit floors
  • By End-User
  • Industrial
  • Commercial
  • Institutional
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Non-Residential Polished Concrete Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Non-Residential Polished Concrete Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • ends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 AmericaIncreasing tourist activities and rising investments in hospitality and aviation sector in Europe Increasing infrastructure development and rising construction activities across the Asia PacificImproving political stability and expanding presence of major industry players in Latin AmericaImproving government reforms and surge in foreign investments across the Middle East & AfricaPitfalls & Challenges:Environmental concerns associated with production of concreteChanging architectural trends and consumer inclination towards alternativesTo get details on how to order this report click here
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ongoing coronavirus pandemic is likely to decline sales volume of non-residential polished concrete market from 2019 to 2020 due to temporary suspension of non-residential construction activities. Globally, building materials have faced significant losses in terms of revenue owing to international trade restriction and stoppage in construction activities across the world. Regionally, Europe and North America are projected to see significant drop in growth rate of polished concrete industry during pandemic year. This will be subjected to construction output in their respective countries for 2020. The Construction Product Association estimated that construction output in the UK will drop by around 25% and commercial construction output by 36% in 2020. Such trends are poised to slowdown market growth rate through 2027.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • New floors segment will lead global sales volume
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Trending hotels & restaurant remodeling will drive product penetration in commercial sector
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In 2020, commercial segment generated around USD 3.5 billion in non-residential polished concrete market driven by the increasing product demand in retail stores and hotels. Building owners are focusing on renovating their existing infrastructure of hotels & restaurants in many parts of the world, which will attract product manufacturer’s attention. Europe reported an increase in hotel construction projected by 10%, year-over-year basis to reach at more than 1,500 in 1st quarter of 2020. The U.S. has also reported considerable increase in hotel construction for the same period. Such trends are expected to increase penetration of polished concrete by end of 2027.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Revamping projects and public investment will form basis for APAC’s growth
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific is predicted to account for around 55% of the non-residential polished concrete market share from 2021 to 2027. The key factor behind this are increasing new construction and remodeling activities of buildings & structure across major countries. Countries like, Malaysia, Indonesia, Japan, South Korea, etc. have witness significant investment from public and private sector in non-residential sector. Malaysia reported over USD 2.5 billion in non-residential construction activities during 1st quarter of 2018. Similarly, Australia reported more than USD 1 billion of non-residential construction work completed during March quarter of 2020. Such trends are promoting regional construction activities for non-residential sector.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Strategic partnerships and new product launches may enhance top player’s market share
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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 and many more.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 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.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • New floors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Retrofit floors
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By End-User
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Commercial
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Institutional
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East and Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Non-Residential Polished Concrete Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Non-Residential Polished Concrete Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-Residential Polished Concrete Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Non-Residential Polished Concrete Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Non-Residential Polished Concrete was estimated to be valued at US$ XX Mn in 2021.

The global Non-Residential Polished Concrete Market is estimated to grow at a CAGR of XX% by 2028.

The global Non-Residential Polished Concrete Market is segmented on the basis of Application, End-User, Region.

Based on region, the global Non-Residential Polished Concrete Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Non-Residential Polished Concrete Market are ends , 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 growth. , 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. , 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. , 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 AmericaIncreasing tourist activities and rising investments in hospitality and aviation sector in Europe Increasing infrastructure development and rising construction activities across the Asia PacificImproving political stability and expanding presence of major industry players in Latin AmericaImproving government reforms and surge in foreign investments across the Middle East & AfricaPitfalls & Challenges:Environmental concerns associated with production of concreteChanging architectural trends and consumer inclination towards alternativesTo get details on how to order this report click here , 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. , Ongoing coronavirus pandemic is likely to decline sales volume of non-residential polished concrete market from 2019 to 2020 due to temporary suspension of non-residential construction activities. Globally, building materials have faced significant losses in terms of revenue owing to international trade restriction and stoppage in construction activities across the world. Regionally, Europe and North America are projected to see significant drop in growth rate of polished concrete industry during pandemic year. This will be subjected to construction output in their respective countries for 2020. The Construction Product Association estimated that construction output in the UK will drop by around 25% and commercial construction output by 36% in 2020. Such trends are poised to slowdown market growth rate through 2027. , New floors segment will lead global sales volume , 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. , Trending hotels & restaurant remodeling will drive product penetration in commercial sector , In 2020, commercial segment generated around USD 3.5 billion in non-residential polished concrete market driven by the increasing product demand in retail stores and hotels. Building owners are focusing on renovating their existing infrastructure of hotels & restaurants in many parts of the world, which will attract product manufacturer’s attention. Europe reported an increase in hotel construction projected by 10%, year-over-year basis to reach at more than 1,500 in 1st quarter of 2020. The U.S. has also reported considerable increase in hotel construction for the same period. Such trends are expected to increase penetration of polished concrete by end of 2027. , Revamping projects and public investment will form basis for APAC’s growth , Asia Pacific is predicted to account for around 55% of the non-residential polished concrete market share from 2021 to 2027. The key factor behind this are increasing new construction and remodeling activities of buildings & structure across major countries. Countries like, Malaysia, Indonesia, Japan, South Korea, etc. have witness significant investment from public and private sector in non-residential sector. Malaysia reported over USD 2.5 billion in non-residential construction activities during 1st quarter of 2018. Similarly, Australia reported more than USD 1 billion of non-residential construction work completed during March quarter of 2020. Such trends are promoting regional construction activities for non-residential sector. , 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. , Strategic partnerships and new product launches may enhance top player’s 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 and many more. , 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. , KEY MARKET SEGMENTS , By Application , New floors , Retrofit floors , By End-User , Industrial , Commercial , Institutional , By Region , North America , Europe , Asia Pacific , Latin America , Middle East and Africa .

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