Polished Concrete Market size is poised to cross USD 4.5 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of polished concrete was USD 3.2 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.
Growth drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 6% |
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Base Year Market Size (2022) |
~ USD 3.2 Billion |
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Forecast Year Market Size (2035) |
~ USD 4.5 Billion |
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Regional synopsis |
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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:
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Construction |
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Method |
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Product |
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End Use |
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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.
Author Credits: Mohd Shadab, Yashika Karodiwal
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