- Densifiers
- Sealers & Crack Fillers
- Conditioners
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.
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The market is expected to increase the adoption of polished concrete in the commercial sector. Commercial buildings, like retail stores, restaurants, offices, and showrooms have proved to be key customers for the polished concrete market. Furthermore, Polished concrete is a popular choice for areas with heavy foot traffic and a need for a polished, professional look due to its longevity, low maintenance requirements, and contemporary aesthetic. The commercial sector's dominance in the polished concrete market is a reflection of the increased demand for flooring options that enhance the overall look and feel of commercial spaces while simultaneously offering practicality and durability. Due to its performance in both of these areas, polished concrete has become increasingly popular in the commercial market. Furthermore, the collaboration between experienced contractors, architects, and designers that have expertise in polished concrete installations is anticipated to increase the market revenue.
The polished concrete market valued at USD 2,481.6 Million in 2022 and is expected to grow at 5.1% CAGR over the forecast period 2023 – 2029.
The cost-effectiveness when compared to other flooring options has provided an opportunity for market development with an increased consumer market.
The rising demand for the aesthetically appealing, flexible, sleek, and modern overall design of residential, commercial, and industrial spaces drives the market.
PPG Industries Inc., The 3M Company, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals Inc., The Euclid chemical company are a few companies operating in Polished Concrete market