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Polished Concrete Market Size & Share, by Product (Densifiers, Sealers & crack fillers, Conditioners), Method (Dry& wet), Construction Type (New Construction, Renovation) End-use (Residential, Non-Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5193
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Polished Concrete Market size was over USD 3.63 billion in 2024 and is projected to cross USD 7.9 billion by the end of 2037, witnessing more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polished concrete is estimated at USD 3.81 billion.

The strong demand for the construction of hotel floors and various business structures is one of the main reasons why there has been a growing demand for polished concrete. There are a number of benefits to visual appeal for the floors and resistance against sliding or wear and tear caused by heavy foot traffic.

An increase in construction and renovation projects may be linked to growing customer demand for enhancing the aesthetic appeal of housing, moving on, more extensive home improvements were to be financed by 72% of Millennials. reducing energy consumption, and repairing aging heating and cooling systems. During the forecast period, there will be variations in raw material and energy costs that are needed to manufacture polished concrete, but this trend is expected to persist.

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Polished Concrete Sector: Growth Drivers and Challenges;

Growth drivers

  • Surge in the Development of Industrialization – Rapid industrialization of emerging economies is likely to increase the demand for polished concrete. Production in the industry in real terms was up by 3.5% on the previous month on a price, followed by the higher attractiveness of a building or facility in Wiesbaden.
  • Demand for Sustainability and Construction Material: - The growth of this market is expected to be driven by a growing demand for sustainable and durable construction materials. Moreover, opportunities for market growth are envisaged as a result of government initiatives promoting environmentally friendly construction practices.
  • Surge in Population and Basic Human Needs: - The growth of the polished concrete market is expected to be driven by rapid urbanization and the growing need for affordable housing. For instance, there are 55 % of the world's population lives in urban areas and the proportion is projected to rise to 68% by 2050.

Challenges

  • Cost impact on the Industry- There is a degree of instability in raw material costs and energy used for the production of polished concrete. Raw material prices could increase as a result of fluctuating oil and gas prices, which would lead to an increase in the cost of cement, glue, or sealants that have been applied to the concrete. As a consequence of the increase in raw material costs, which is going to lead to an adverse impact on global market growth for solid surfaces, suppliers have raised prices or reduced their profit margins.
  • Technical Barriers Affecting Industry
  • High Competition Area

Polished Concrete Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.3%

Base Year Market Size (2024)

USD 3.63 billion

Forecast Year Market Size (2037)

USD 7.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Polished Concrete Segmentation:

Product (Densifiers, Sealers & crack fillers, Conditioners)

The densifier polished concrete sub-segment is expected to command a significant market share and generate revenues of USD 2.91 billion over the expected year. Concrete densifiers are used as chemical hardeners at the bottom of a solid block. Additionally, a densifier is employed in the refinement stage of slab polishing.

Method (Dry& Wet)

The dry sub segment is expected to hold 5.3% share of the global polished concrete market in the near future. The increased use of the dry method for better shine, higher hardness, and compaction of the floor coupled with its ability to serve both large regions and smaller sections is a major factor in the growth of the segment in the market, In 2023, 4.4 million tonnes of ready-mix dry concrete were produced, down by 4.2 percent from the year ended June.

Our in-depth analysis of the global market includes the following segments:

  Construction
  • New Construction
  • Renovation

  Method
  • Dry
  • Wet

  Product
  • Sealers & Crack Fillers
  • Densifiers
  • Conditioners

 

  End Use
  • Residential
  • Non-Residential

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Polished Concrete Industry- Regional Synopsis

North American Market Analysis

The market in the North America region is set to dominate the market with a share of 38%. Some of the factors that underpin this company's strong revenue growth are technological advances, growing construction and building industries, increasing demand for glossy & aesthetically enhancing floor systems in housing estates as well as a high need to build logistics centers. The Atlanta Business Chronicle developers in metro Atlanta have built 18 million square feet of warehouse space.

APAC Market Analysis

The Asia-Pacific polished concrete market is estimated to garner 7.8% growth due to the increasing number of houses and the development of healthcare infrastructure. In fact, in the course of a pandemic, two hospitals built by China's State Building Engineering Company CSCEC have been completed around 10 days apart in Wuhan.

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Companies Dominating the Polished Concrete Landscape

    • Pittsburgh Plate Glass Industries Inc.
    • Business strategy
    • Key product offerings
    • Financial performance
    • Risk analysis
    • Recent development
    • Regional presence
    • SWOT Analysis
    •  3M Company
    •  BASF SE
    •  Sika AG
    •  Ultra Tech Cement Limited
    • The Sherwin Williams Company
    •  Boral GmbH
    •  Solomon Colors Inc.
    • Vexcon Chemicals Ltd.
    • Euclid Chemical Co.

In the News

  • Sika AG, launched a new product, namely, SikaCem190 Concrete Control, a nonfilming, low VOC, amorphous silica topical additive. In order to ensure a sufficient moisture content and avoid the risk of prematurely laying concrete, this product should be used on freshly laid concrete.
  • BASF SE disclosed that, on March 2023, it had begun the production of its first biodegradable polyolefin Sovermol which is designed for applications such as floor coating, water pipe coatings, surface adhesives and sticky stuffs. In order to take advantage of growing markets in Asia Pacific, a production facility has been set up at the Indian city of Mangalore.

Author Credits:  Shweta Patidar


  • Report ID: 5193
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of polished concrete is estimated at USD 3.81 billion.

The polished concrete market size was over USD 3.63 billion in 2024 and is projected to cross USD 7.9 billion by the end of 2037, witnessing more than 6.3% CAGR during the forecast period i.e., between 2025-2037. The expansion of this market can be attributed to increase in construction and renovation projects may be linked to growing customer demand for enhancing the aesthetic appeal of housing.

Asia Pacific industry is estimated to garner 7.8% growth through 2037, due to increasing number of houses and the development of healthcare infrastructure in the region.

The major players in the market include Pittsburgh Plate Glass Industries Inc., 3M Company, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral GmbH, Solomon Colors Inc., Vexcon Chemicals Ltd., Euclid Chemical Co.
Polished Concrete Market Report Scope

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