Global Polished Concrete Market Size Study, by Type (Densifier, Sealer & Crack Filler, Conditioner), by Method (Dry, Wet), by Construction Type (New Construction, Renovation), by End Use (Residential, Non-Residential), and Regional Forecasts 2022-2032

Description

The Global Polished Concrete Market, valued at approximately USD 2.59 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.60% over the forecast period from 2024 to 2032, reaching a market value of USD 4.23 billion by the end of the period. Polished concrete, characterized by its enhanced aesthetics and durability, has garnered significant attention across the construction industry. Its low maintenance requirements and cost efficiency, coupled with its environmentally friendly attributes, make it a preferred choice for residential and non-residential applications alike.

The market's growth trajectory is fueled by advancements in polishing techniques and innovative formulations of densifiers, sealers, and conditioners. These innovations enhance surface strength, increase resistance to abrasions, and elevate the overall finish, aligning with the aesthetic and functional demands of modern architecture. Furthermore, the rise in urbanization and industrialization has led to increased demand for new construction and renovation projects, bolstering the adoption of polished concrete for flooring, walls, and other applications.

Despite its robust growth, the market faces challenges such as high initial installation costs and the technical expertise required for optimal results. The lack of skilled labor and awareness in emerging economies further constrains market expansion. However, increasing investments in infrastructure projects and the adoption of green building standards globally are expected to offset these challenges. Additionally, the growing inclination toward sustainable construction materials presents lucrative opportunities for industry players to innovate and expand their market presence.

Regionally, North America leads the polished concrete market, driven by extensive construction activities and the adoption of advanced flooring solutions. Europe closely follows, leveraging stringent environmental regulations and the rising trend of sustainable construction practices. Meanwhile, the Asia-Pacific region is poised to witness the fastest growth, attributed to rapid urbanization, a booming construction industry, and growing awareness of the benefits of polished concrete in countries such as China, India, and Japan.

Major market players included in this report are:

BASF SE
Sika AG
LafargeHolcim
Boral Limited
Cemex S.A.B. de C.V.
The Sherwin-Williams Company
PPG Industries
HTC Group
LATICRETE International, Inc.
Ardex Group
VIC International
Polished Concrete Systems, Inc.
Levetec
Solomon Colors, Inc.
UltraTech Cement

The detailed segments and sub-segment of the market are explained below:

By Type:

Densifier
Sealer & Crack Filler
Conditioner

By Method:

By Construction Type:

New Construction
Renovation

By End Use:

Residential
Non-Residential

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Polished Concrete Market Executive Summary 1.1. Global Polished Concrete Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Method
- 1.3.3. By Construction Type
- 1.3.4. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polished Concrete Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polished Concrete Market Dynamics 3.1. Market Drivers

3.1.1. Advancements in Polishing Techniques and Material Innovations
3.1.2. Rising Demand for Sustainable and Eco-Friendly Construction Materials
3.1.3. Increased Urbanization and Industrialization

3.2. Market Challenges
- 3.2.1. High Initial Installation Costs
- 3.2.2. Technical Expertise and Skilled Labor Shortages
3.3. Market Opportunities
- 3.3.1. Growing Investments in Infrastructure Projects
- 3.3.2. Adoption of Green Building Standards
- 3.3.3. Expansion in Emerging Economies

Chapter 4. Global Polished Concrete Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polished Concrete Market Size & Forecasts by Type 2022-2032 5.1. Segment Dashboard

5.2. Global Polished Concrete Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Densifier
- 5.2.2. Sealer & Crack Filler
- 5.2.3. Conditioner

Chapter 6. Global Polished Concrete Market Size & Forecasts by Method 2022-2032 6.1. Segment Dashboard

6.2. Global Polished Concrete Market: Method Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Dry
- 6.2.2. Wet

Chapter 7. Global Polished Concrete Market Size & Forecasts by Construction Type 2022-2032 7.1. Segment Dashboard

7.2. Global Polished Concrete Market: Construction Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. New Construction
- 7.2.2. Renovation

Chapter 8. Global Polished Concrete Market Size & Forecasts by End Use 2022-2032 8.1. Segment Dashboard

8.2. Global Polished Concrete Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Residential
- 8.2.2. Non-Residential

Chapter 9. Global Polished Concrete Market Size & Forecasts by Region 2022-2032 9.1. North America Polished Concrete Market

9.1.1. U.S. Polished Concrete Market
- 9.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
- 9.1.1.2. Method Breakdown Size & Forecasts, 2022-2032
- 9.1.1.3. Construction Type Breakdown Size & Forecasts, 2022-2032
- 9.1.1.4. End Use Breakdown Size & Forecasts, 2022-2032
9.1.2. Canada Polished Concrete Market

9.2. Europe Polished Concrete Market
- 9.2.1. UK Polished Concrete Market
- 9.2.2. Germany Polished Concrete Market
- 9.2.3. France Polished Concrete Market
- 9.2.4. Spain Polished Concrete Market
- 9.2.5. Italy Polished Concrete Market
- 9.2.6. Rest of Europe Polished Concrete Market
9.3. Asia-Pacific Polished Concrete Market
- 9.3.1. China Polished Concrete Market
- 9.3.2. India Polished Concrete Market
- 9.3.3. Japan Polished Concrete Market
- 9.3.4. Australia Polished Concrete Market
- 9.3.5. South Korea Polished Concrete Market
- 9.3.6. Rest of Asia Pacific Polished Concrete Market
9.4. Latin America Polished Concrete Market
- 9.4.1. Brazil Polished Concrete Market
- 9.4.2. Mexico Polished Concrete Market
- 9.4.3. Rest of Latin America Polished Concrete Market
9.5. Middle East & Africa Polished Concrete Market
- 9.5.1. Saudi Arabia Polished Concrete Market
- 9.5.2. South Africa Polished Concrete Market
- 9.5.3. Rest of Middle East & Africa Polished Concrete Market

Chapter 10. Competitive Intelligence 10.1. Key Company SWOT Analysis

10.1.1. BASF SE
10.1.2. Sika AG
10.1.3. LafargeHolcim

10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. BASF SE
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Sika AG
- 10.3.3. LafargeHolcim
- 10.3.4. Boral Limited
- 10.3.5. Cemex S.A.B. de C.V.
- 10.3.6. The Sherwin-Williams Company
- 10.3.7. PPG Industries
- 10.3.8. HTC Group
- 10.3.9. LATICRETE International, Inc.
- 10.3.10. Ardex Group
- 10.3.11. VIC International
- 10.3.12. Polished Concrete Systems, Inc.
- 10.3.13. Levetec
- 10.3.14. Solomon Colors, Inc.
- 10.3.15. UltraTech Cement

Chapter 11. Research Process 11.1. Research Process

11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing

11.2. Research Attributes