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Cementitious Flooring Market Analysis, Top Companies, Segmentation and and Forecast by 2031
Cementitious Flooring Market
The global cementitious flooring market size was valued at $1.1 billion in 2021, and is projected to reach $2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
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Top Companies
Hempel, EPMS Supplies Ltd., PPG Industries Inc., CRH PLC, Sherlin-Williams, Concare Inc., MBCC Group, Mapei S.p.A, Teknos, Black Bear Coatings & Concrete, Sika AG, RPM International Inc., Laticrete International, Behr Process Corporation, Michelman Inc., Jotun, TMI Coatings Inc.
Growth of the population, combined with the construction of new business centers, such as offices, factories, warehouses, sports complexes, hospitality, has prompted the deployment of compact and efficient decor systems. The restoration business continues to benefit from a strong housing market, which includes rise in home building, sales, and equity. Moreover, rise in expenditure by governments and private construction companies on remodeling and repairing of houses is anticipated to drive the cementitious flooring market growth.
The cementitious flooring market has witnessed substantial growth in recent years, becoming a prominent choice in both commercial and residential construction. This flooring option, known for its durability, versatility, and low maintenance requirements, has been embraced by architects, designers, and property owners alike. Its aesthetic adaptability, from sleek industrial designs to rustic charm, has made it a sought-after solution in various interior settings.
As the construction industry continues to prioritize sustainability, cementitious flooring's eco-friendly features and suitability for green building practices have further fueled its market expansion. With technological advancements and a growing demand for unique, customized designs, the cementitious flooring market shows no signs of slowing down, promising a bright future for this innovative flooring solution.
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Furthermore, increased focus on sustainable development is driving the demand for cementitious flooring solutions that are relatively eco-friendly. This has encouraged key players to innovate and develop ecofriendly cementitious floorings, thereby providing lucrative growth opportunities. Innovations in materials and installation techniques have improved the overall quality and performance of cementitious flooring. With urbanization on the rise, especially in developing countries, the construction industry is booming, providing a significant market for cementitious flooring products.
Cementitious flooring is known for its exceptional durability and resistance to wear and tear. It can withstand heavy foot traffic, making it a favored choice for commercial and high-traffic spaces. The low maintenance requirements of cementitious flooring make it a cost-effective option. Regular cleaning and occasional resealing are all that's needed to keep it looking pristine. As eco-consciousness grows, cementitious flooring is seen as a sustainable choice. It can be installed directly over existing substrates, reducing waste, and many products are low in VOCs
The cementitious flooring market is a testament to the adaptability of the construction and design industries. Its growth can be attributed to the fusion of aesthetic appeal, durability, and sustainability. With the continued evolution of interior design and architecture, cementitious flooring is well-positioned to remain a key player in the flooring market, offering endless possibilities for innovation and creativity in the years to come. Whether you're an architect, designer, or simply a homeowner looking for a practical and stylish flooring option, cementitious flooring should certainly be on your radar.
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