Cementitious Flooring Market Expected to Reach USD 2 Billion by 2031

The global cementitious flooring market has witnessed significant growth over the past decade, owing to rise in investment in various end-user industries such as residential and commercial construction.

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A number of players are expanding their business globally, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the growth of the global cementitious flooring market.

According to a new report published by Allied Market Research, titled, "Cementitious Flooring Market," The cementitious flooring market size was valued at $1.1 billion in 2021, and is estimated to reach $2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

The Global Cementitious Flooring Market is expected to show significant growth during the forecast period. This is mainly due to increasing demand from the construction industry, growing investment in infrastructure, and increasing demand for cementitious flooring in residential applications.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Cementitious Flooring is a type of flooring material that is manufactured using cement and sand as the main ingredients. It provides a durable, waterproof and low maintenance surface. This type of flooring is widely used in industrial and commercial applications as well as in residential applications.

Recent studies have shown that the Global Cementitious Flooring Market is expected to grow at a CAGR of 5.4% during the forecast period from 2020 to 2027. The growth of the market is mainly driven by the increasing demand from the construction industry, growing investment in infrastructure and increasing demand for cementitious flooring in residential applications.

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𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into concrete, epoxy, polyurethane, and others. On the basis of application, the market is segmented into industrial, commercial, and residential. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

The major players studied in the Global Cementitious Flooring Market include 3M, Sika AG, BASF SE, Ardex Group, Mapei, Bostik, Fosroc International, Apar Industries, Tarkett, and Chengdu ZYX Building Materials Co. Ltd. These companies are focusing on providing innovative products and services to enhance their market penetration.

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

The report provides an in-depth analysis of the Global Cementitious Flooring Market including market size, market segmentation, key trends, drivers, challenges, and opportunities. The report also provides a comprehensive analysis of the competitive landscape and key strategies adopted by the major players in the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.