Polished Concrete Market Global Forecast to 2028

 

Polished Concrete Market

The Polished Concrete Market is predicted to grow at a robust CAGR during the forecast period (2021-2028).

The factors driving the growth of Polished Concrete Market includes increasing use of Polished Concrete in construction activities in residential and commercial areas, rapid industrialization and remodeling of infrastructure and transportation systems such as metro, railway, and airports. As per the report published by Business Standard, the Real Estate Market is predicted to reach around USD 1 trillion by 2030 in India and is expected to contribute 10% to India’s GDP in 2030, which will boost the market growth in the upcoming years. Moreover, the growing demand for durable and low maintenance flooring systems and increasing urbanization across the globe, are some of the additional factors augmenting the demand for polished concretes. According to Polished Concrete Market Global Forecast, the rising disposable incomes, improved living standards and increasing economic activities in the emerging economies such as India, Indonesia, and Brazil, have positively impacted the overall market growth.  

However, the growth of Polished Concrete Market is hindered due to fluctuations in the prices of raw materials.

The leading players operating in the market are Boral, Pasadena Concreteworks, Inc., BASF SE, 3M, Sika AG, The Sherwin-Williams Company, UltraTech Cement Ltd., CHARLOTTES CONCRETE, Fairfax Concrete LLC and PPG Industries, Inc. among others.

Type – Segment Analysis

Based on Type, the Densifier segment is predicted to expand at faster CAGR over the forecast period owing to its increased application in the commercial areas along with its ability to protect concrete flooring system from degradation.

Construction Type – Segment Analysis

Based on Construction Type, the New Construction segment is anticipated to capture a significant market share during the forecast period due to its increased application in warehouses and commercial spaces.

Regional – Segment Analysis:

Based on region, the North American region is expected to capture the highest market share over the forecast period. The rising technological advancements in the construction industry and continuous remodeling of existing infrastructure, are some of the crucial factors supplementing the market growth in North American region.

Market Segmentation

Global Polished Concrete Market by Type

  • Densifier
  • Sealer & Crack Filler
  • Conditioner

Global Polished Concrete Market by Method

  • Dry
  • Wet

Global Polished Concrete Market by Construction Type

  • New Construction
  • Renovation

Global Polished Concrete Market by End-Use Sector

  • Residential
  • Non-residential

Global Polished Concrete Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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