Polished Concrete Market: By Type (Densifier, Sealer & Crack Filler, Conditioner), Method (Dry, Wet), Construction Type (New Construction, Renovation), End-use Sector (Residential, Commercial, Industrial, Infrastructure, Others) and Geography

Polished Concrete Market was valued at USD 2,481.6 million in 2022 and is poised to grow at a CAGR of 5.1% over 2023-2029. Polished concrete is a concrete surface that is ground, honed, and polished to produce a smooth, shiny, and aesthetically pleasing appearance for the flooring system. The rising demand for the aesthetically appealing, flexible, sleek, and modern overall design of residential, commercial, and industrial spaces drives the market. For instance, according to the Center for Sustainable Systems, the U.S. had almost 5.9 million commercial buildings containing 97 billion square feet of floor space in 2018. Polished concrete has gained tremendous popularity in recent decades owing to its exceptional durability and resistance to abrasion, impact, and heavy foot traffic. Furthermore, the cost-effectiveness when compared to other flooring options has provided an opportunity for market development with an increased consumer market. Additionally, the availability of alternatives in designs and customization such as incorporating logos, patterns, and intricate designs into polished concrete floors has provided an opportunity to differentiate themselves in the market. Moreover, matte and satin finishes for polished concrete floors have gained popularity in the market as it offers a more subtle and natural look, often resembling honed or tumbled stone. The ease in cleaning and maintaining polished floors along with resistance to allergens and dust has attracted a big segment of customers, especially in healthcare facilities and schools. But the higher initial cost when compared to traditional flooring options along with the consumption of a lot of time for installation may hinder the market growth. However, the presence of key market players, increased investments, rapid urbanization, industrialization, and infrastructural development is anticipated to increase the market growth during forecasted years.

Polished Concrete Market Key Developments:

• In May 2022, TSR Concrete Coatings, Ninja Coatings and PolyPro Concrete merged to create a platform for leading home-improvement brands, specializing in residential concrete coatings and other services.
• In May 2021, Sika Corporation merged Sika Butterfield Color® and Sika® Scofield® to create a harmonized line of Decorative Concrete products known as SikaColor®, a complete range of color solution products including polished concretes.