Global Polished Concrete Market

Polished Concrete Market Size, Share, Growth Analysis, By Type(Densifiers, sealer & crack filler, and conditioner), By Application(Residential and non-residential), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15F2055 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 61 |Figures: 75

Polished Concrete Market Insights

Polished Concrete Market size was valued at USD 2.3 billion in 2021 and is poised to grow from USD 2.42 billion in 2022 to USD 3.60 billion by 2030, at a CAGR of 5.1% during the forecast period (2023-2030).

Global Polished Concrete Market has been experiencing substantial growth and development in recent years. Polished concrete has gained immense popularity as a versatile and sustainable flooring solution across various sectors. This market is being driven by several factors, including the increasing demand for aesthetically appealing and low-maintenance flooring options in residential, commercial, and industrial spaces. Polished concrete offers numerous advantages such as durability, abrasion resistance, easy cleaning, and long-lasting performance, which further contribute to its growing adoption. Additionally, the rising focus on green building practices and sustainability has propelled the demand for polished concrete, as it eliminates the need for additional floor coverings and reduces waste generation. The market is witnessing technological advancements in concrete polishing techniques, equipment, and materials, resulting in improved surface finishes and enhanced efficiency. Geographically, the market is experiencing significant growth in regions like North America, Europe, and Asia Pacific, driven by rapid urbanization, infrastructural development, and increasing construction activities. Moreover, the market is highly competitive, with key players investing in research and development activities to introduce innovative products and gain a competitive edge. Overall, the global market is poised to expand further in the coming years, driven by the ongoing demand for sustainable and visually appealing flooring solutions in diverse industries.

US Polished Concrete Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.3 billion

Largest Segment

Densifiers

Fastest Growth

Densifiers

Growth Rate

5.1% CAGR

Global Polished Concrete Market ($ Bn)
Country Share for North America Region (%)

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Polished Concrete Market Segmental Analysis

Global Polished Concrete Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Densifiers, sealer & crack filler, and conditioner. Based on application, the market is segmented into Residential and non-residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Polished Concrete Market Analysis By Type

The dominant segment in the Global Polished Concrete Market is densifiers. Densifiers play a crucial role in the concrete polishing process by chemically reacting with the concrete surface to harden and strengthen it. They enhance the overall durability, abrasion resistance, and stain resistance of the polished concrete. Densifiers are widely used in various applications, including residential, commercial, and industrial sectors, making them the dominant segment in the market.

On the other hand, the fastest growing segment in the Global Polished Concrete Market is sealers & crack fillers. Sealers and crack fillers are used to protect the polished concrete surface from moisture, stains, and damage caused by cracks. With the increasing awareness about the importance of preserving and maintaining the polished concrete, the demand for effective sealers and crack fillers has been rapidly rising. These products provide an additional layer of protection and ensure the long-lasting performance of the polished concrete. As a result, the sealers & crack fillers segment is witnessing significant growth and is expected to continue expanding in the foreseeable future.

Polished Concrete Market Analysis By Application

The dominant segment in the Global Polished Concrete Market is non-residential applications. The non-residential sector includes commercial, industrial, institutional, and infrastructure projects. Polished concrete is widely used in non-residential spaces such as retail stores, warehouses, offices, hotels, hospitals, and airports. The growing demand for visually appealing and durable flooring solutions in these sectors has propelled the adoption of polished concrete. Its benefits, including low maintenance, longevity, and cost-effectiveness, make it a preferred choice for non-residential applications, thereby driving the dominance of this segment in the market.

The fastest growing segment in the Global Polished Concrete Market is the residential sector. Polished concrete is increasingly being utilized in residential applications, such as houses, apartments, and condominiums. The residential sector is witnessing a surge in demand for modern and aesthetically pleasing flooring options. Polished concrete offers a seamless and polished surface that can be customized with various decorative options, such as colors, aggregates, and patterns, making it an attractive choice for homeowners. The growing awareness of the benefits of polished concrete, including its low maintenance requirements and eco-friendly nature, is driving the rapid growth of this segment in the market.

Global Polished Concrete Market By Type, 2023 (%)

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Polished Concrete Market Regional Insights

The dominant region in the Global Polished Concrete Market is North America. North America has a mature construction industry and a high demand for sustainable and durable flooring solutions. The region has witnessed significant adoption of polished concrete in various sectors, including commercial, industrial, and residential. Factors such as the presence of well-established players, favorable government regulations, and increasing investments in infrastructure development contribute to the dominance of the North American market for polished concrete.

The fastest growing region in the Global Polished Concrete Market is Asia Pacific. The region is experiencing rapid urbanization, industrialization, and infrastructural development, leading to a surge in construction activities. Countries like China, India, and Southeast Asian nations are witnessing substantial growth in residential, commercial, and industrial sectors, creating a demand for polished concrete as a flooring solution. Additionally, the rising disposable income, changing consumer preferences, and increasing awareness about sustainable building practices are driving the growth of the polished concrete market in the Asia Pacific region.

Global Polished Concrete Market By Geography, 2024-2031
  • Largest
  • Fastest

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Polished Concrete Market Dynamics

Polished Concrete Market Drivers

Increasing demand for sustainable and environmentally friendly flooring solutions

  • One key driver of the Global Polished Concrete Market is the increasing demand for sustainable and environmentally friendly flooring solutions. Polished concrete offers several sustainable advantages, including reduced waste generation, elimination of additional floor coverings, and improved energy efficiency due to its reflective properties. The rising focus on green building practices and the need for eco-friendly materials in construction projects contribute to the growth of the polished concrete market.

Polished Concrete Market Restraints

High initial cost of installation

  • A key restraint of the market is the high initial cost of installation. Polished concrete requires specialized equipment, skilled labor, and meticulous surface preparation, which can incur higher upfront costs compared to conventional flooring options. This cost factor can deter some potential customers from adopting polished concrete, particularly in price-sensitive markets or for smaller-scale projects. However, it's worth noting that the long-term benefits of polished concrete, such as low maintenance and longevity, often outweigh the initial investment, making it a cost-effective choice over the lifespan of the flooring.

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Polished Concrete Market Competitive Landscape

The competitive landscape of the Global Polished Concrete Market is characterized by intense competition among various players. The market is highly fragmented, with the presence of numerous local, regional, and international suppliers and manufacturers. Key players in the industry focus on research and development activities to introduce innovative products, enhance surface finishes, and improve efficiency in concrete polishing techniques. They also engage in strategic partnerships, collaborations, and acquisitions to expand their market presence and cater to a diverse range of applications. Additionally, companies emphasize marketing and promotional activities to create awareness about the benefits of polished concrete and gain a competitive edge. The competitive landscape is further influenced by factors such as product quality, pricing strategies, distribution networks, and customer service.

Polished Concrete Market Top Player’s Company Profiles

  • Vexcon Chemicals, Inc. (US)
  • BASF SE (Germany)
  • Ultra Tech Cement Limited (India)
  • PPG Industries, Inc. (US)
  • Boral Limited (Australia)
  • Solomon Colors Inc. (US)
  • The Euclid Chemical Company (US)
  • Ardex Group (Germany)
  • MAPEI Corporation (Italy)
  • Laticrete International, Inc. (US)
  • W. R. Meadows, Inc. (US)
  • Ameripolish, Inc. (US)
  • Dur-A-Flex, Inc. (US)
  • HTC Group (Sweden)
  • Klindex Srl (Italy)
  • Prosoco, Inc. (US)
  • Fosroc International Limited (UK)

Polished Concrete Market Recent Developments

  • In June 2022, UltraTech Cement has committed to investing Rs 12,886 crore to boost its annual production capacity by 22.6 million tonnes. The expansion project is set to conclude by the end of the fiscal year 2023.
  • In March 2021, Sika AG successfully acquired DriTac, a move that ensures Sika AG's expansion in the industry's market.

Polished Concrete Key Market Trends

  • Growing demand for decorative polished concrete: One key market trend in the Global Polished Concrete Market is the growing demand for decorative polished concrete. Customers are increasingly seeking unique and aesthetically appealing flooring solutions for both residential and commercial spaces. Decorative polished concrete offers a wide range of design options, including various colors, patterns, and aggregates, allowing for customized and visually striking floors. This trend is driven by the desire for distinctive and eye-catching interiors, where polished concrete serves as a functional and decorative element, creating a modern and stylish ambiance.

Polished Concrete Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Polished Concrete Market analysis, The global market is experiencing significant growth, driven by the increasing demand for sustainable and visually appealing flooring solutions in various sectors. Polished concrete offers advantages such as durability, low maintenance, and eco-friendliness, making it a preferred choice for residential, commercial, and industrial applications. The market is characterized by the dominance of densifiers and non-residential applications. Key drivers include the focus on sustainability and green building practices, while the high initial cost of installation acts as a restraint. The market is highly competitive, with key players investing in research and development and engaging in strategic partnerships. Additionally, the market is witnessing the trend of decorative polished concrete, catering to the growing demand for unique and attractive flooring options. Overall, the global market is poised for further expansion, driven by the ongoing need for durable, aesthetically pleasing, and sustainable flooring solutions.

Report Metric Details
Market size value in 2023 USD 2.3 billion
Market size value in 2031 USD 3.60 billion
Growth Rate 5.1%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Densifiers, sealer & crack filler, and conditioner
  • Application
    • Residential and non-residential
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Vexcon Chemicals, Inc. (US)
  • BASF SE (Germany)
  • Ultra Tech Cement Limited (India)
  • PPG Industries, Inc. (US)
  • Boral Limited (Australia)
  • Solomon Colors Inc. (US)
  • The Euclid Chemical Company (US)
  • Ardex Group (Germany)
  • MAPEI Corporation (Italy)
  • Laticrete International, Inc. (US)
  • W. R. Meadows, Inc. (US)
  • Ameripolish, Inc. (US)
  • Dur-A-Flex, Inc. (US)
  • HTC Group (Sweden)
  • Klindex Srl (Italy)
  • Prosoco, Inc. (US)
  • Fosroc International Limited (UK)
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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 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 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(%)

Methodology

For the 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 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 Polished Concrete Market:

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

Regional Analysis: Further analysis of the 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

Polished Concrete Market size was valued at USD 2.3 billion in 2021 and is poised to grow from USD 2.42 billion in 2022 to USD 3.60 billion by 2030, at a CAGR of 5.1% during the forecast period (2023-2030).

The competitive landscape of the Polished Concrete Market is characterized by intense competition among various players. The market is highly fragmented, with the presence of numerous local, regional, and international suppliers and manufacturers. Key players in the industry focus on research and development activities to introduce innovative products, enhance surface finishes, and improve efficiency in concrete polishing techniques. They also engage in strategic partnerships, collaborations, and acquisitions to expand their market presence and cater to a diverse range of applications. Additionally, companies emphasize marketing and promotional activities to create awareness about the benefits of polished concrete and gain a competitive edge. The competitive landscape is further influenced by factors such as product quality, pricing strategies, distribution networks, and customer service. '3M Company (US)', 'The Sherwin Williams Company (US)', 'Sika AG (Switzerland)', 'Vexcon Chemicals, Inc. (US)', 'BASF SE (Germany)', 'Ultra Tech Cement Limited (India)', 'PPG Industries, Inc. (US)', 'Boral Limited (Australia)', 'Solomon Colors Inc. (US)', 'The Euclid Chemical Company (US)', 'Ardex Group (Germany)', 'MAPEI Corporation (Italy)', 'Laticrete International, Inc. (US)', 'W. R. Meadows, Inc. (US)', 'Ameripolish, Inc. (US)', 'Dur-A-Flex, Inc. (US)', 'HTC Group (Sweden)', 'Klindex Srl (Italy)', 'Prosoco, Inc. (US)', 'Fosroc International Limited (UK)'

One key driver of the Polished Concrete Market is the increasing demand for sustainable and environmentally friendly flooring solutions. Polished concrete offers several sustainable advantages, including reduced waste generation, elimination of additional floor coverings, and improved energy efficiency due to its reflective properties. The rising focus on green building practices and the need for eco-friendly materials in construction projects contribute to the growth of the polished concrete market.

Growing demand for decorative polished concrete: One key market trend in the Polished Concrete Market is the growing demand for decorative polished concrete. Customers are increasingly seeking unique and aesthetically appealing flooring solutions for both residential and commercial spaces. Decorative polished concrete offers a wide range of design options, including various colors, patterns, and aggregates, allowing for customized and visually striking floors. This trend is driven by the desire for distinctive and eye-catching interiors, where polished concrete serves as a functional and decorative element, creating a modern and stylish ambiance.

The dominant region in the Polished Concrete Market is North America. North America has a mature construction industry and a high demand for sustainable and durable flooring solutions. The region has witnessed significant adoption of polished concrete in various sectors, including commercial, industrial, and residential. Factors such as the presence of well-established players, favorable government regulations, and increasing investments in infrastructure development contribute to the dominance of the North American market for polished concrete.

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Global Polished Concrete Market

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