Polished Concrete Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Polished Concrete Market size accounted for USD 2.5 Billion in 2022, growing at a CAGR of 5.95% from 2023 to 2033.The polished concrete market refers to the industry involved in the production and application of polished concrete surfaces for flooring and other construction purposes. This technique involves mechanically grinding and polishing concrete surfaces to achieve a smooth, glossy finish. The market has experienced growth due to the increasing demand for durable, low-maintenance flooring solutions in residential, commercial, and industrial settings. Polished concrete offers benefits such as enhanced aesthetics, durability, and sustainability, contributing to its popularity as a preferred flooring option. Key players in the market include manufacturers, contractors, and suppliers of polishing equipment and materials. The market's expansion is also driven by a growing focus on sustainable and environmentally friendly building practices.
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The polished concrete market is primarily driven by the rising demand for aesthetically pleasing and durable flooring solutions in residential, commercial, and industrial sectors. Advantages such as low maintenance, sustainability, and cost-effectiveness contribute to its popularity. Additionally, a growing emphasis on environmentally friendly construction practices and the development of innovative polishing technologies further propel the market's expansion.
Key Players
Some of the major Polished Concrete Market players holding high market shares include PPG Industries, Inc., The 3M Company, BASF SE and Sika AG. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals, Inc., and the euclid chemical company
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Segmental Analysis
Based on type, the Polished Concrete market is segmented into densifier, and conditioner.In 2022, the densifier category led the global market. The segment's growth can be attributed to the benefits it offers, which include protecting the concrete flooring system from chemical attack, discoloration, permeable fluids, wear, and deterioration.
Based on Method, the Polished Concrete market is segmented into dry and wet.The global market in 2022 was dominated by the Bottom Dry segment. The high demand may be attributed to the superior gloss and longevity it offers polished concrete floors. The concrete surface is ground in preparation for the dry concrete polishing process using industrial-sized polishing equipment.
Based on Construction Type, the Polished Concrete market is segmented into new construction and renovation.In 2022, the Polished Concrete Market was led by the new construction sector. The rising demand may be connected to the increased need for polished concrete products, especially for use in offices and warehouses. Polished concrete is ideal for flooring in commercial and industrial settings.
Based on End Use, the Polished Concrete market is segmented into residential and non-residential. In 2022, the Polished Concrete Market was dominated by the non-residential segment. The market for non-residential properties has a higher demand for products made of polished concrete. The non-residential sector is growing as a result of polished concrete's excellent performance characteristics, durability, and aesthetic appeal.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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