Press release
Polished Concrete Market Predicted to Hit USD 3.65 billion, Trends, Growth Statistics, Top Key Players and Forecast 2029
Polished Concrete Market Overview:Characteristics of polished concrete are obtained with a surface effect. Specialized tools and equipment are essential for the multi-step process of polishing concrete. It is a type of sustainable flooring because it includes the benefit of the same ground materials that do not need other layers many of the buildings include ceilings or concrete floors.
The global polished concrete market size is projected to grow from USD 2.2 billion in 2020 to USD 3.65 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 5.8%.
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The rising demand for Polish concrete is witnessing an extremely significant growth in the urban areas, where a comparatively larger construction market is present. The Global Polished Concrete Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Polished Concrete Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ASF SE, 3M Company, Sika AG, The Sherwin Williams Company, PPG Industries Inc., UltraTech Cement Limited, Boral Limited, dmf concrete, Pasadena Concreteworks, Inc., Charlottes Concrete, Fairfax Concrete, BGSB, Polished Concrete Systems Inc. and Others
Recent Development
In December 2020, PPG Industries is acquiring Tikkurila (Finland), a finish paint and coatings manufacturer. The acquisition is expected to close in the second quarter of 2021. Tikkurila's has strong and established decorative brands and product offerings in several Northern and Eastern European countries where PPG has a minimal presence. This acquisition is expected to provide PPG Industries with new cross-selling opportunities, growth opportunities for employees, and product solutions for new segments and customers.
In November 2020, Sika expands its production capacity in the United Arab Emirates with the commissioning of a new manufacturing facility in Dubai. In addition to concrete admixtures, epoxy resins will be produced locally for the Target Market Flooring. Sika invested in the expansion of its manufacturing facilities at the Dubai site in order to increase flexibility in production, shorten delivery times, optimize cost structures, and reduce inventories.
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Polished Concrete Market Segmentation:
Polished Concrete Market by Type, 2020-2029, (USD Million), (Thousand Units)
Densifier
Sealer & Filler
Conditioner
Polished Concrete Market by Method, 2020-2029, (USD Million), (Thousand Units)
Dry
Wet
Polished Concrete Market by Construction Type, 2020-2029, (USD Million), (Thousand Units)
New Construction
Renovation
Polished Concrete Market by End Use Sector, 2020-2029, (USD Million), (Thousand Units)
Residential
Non-Residential
Growth Factors:
Increasing demand from the Polished Concrete industries
The growing use of Polished Concrete in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Polished Concrete Market
Polished Concrete Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Polished Concrete Market Trends
- The report identifies, determines, and forecasts the Global Polished Concrete Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polished Concrete Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Polished Concrete Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polished Concrete Market.
Frequently Asked Questions (FAQ):
What is the current size of global polished concrete market?
How is the polished concrete market aligned?
Who are the key material manufacturers in the global polished concrete market?
What are the latest ongoing trends in the polished concrete market?
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