Polished Concrete Market Size Valued at $3.7 Billion by 2031 |

Portland, Ore., Jan. 31, 2023 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global polished concrete market generated USD 2.2 billion in 2021 and is expected to reach USD 3.7 billion by 2031, witnessing a CAGR of 5.3% from 2022 to 2031. The report offers detailed analysis of changing market trends, most the good segments, key investment pockets, value chains, regional landscape and competitive scenario. The report is a useful source of information for leading market players, new entrants, investors, and stakeholders in developing strategies for the future and taking steps to strengthen their position in the market.

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Report Coverage and Details:

Report coverage Details
Forecast period 2022–2031
Base year 2021
Market size in 2021 2.2 billion dollars
Market Size in 2031 3.7 billion dollars
CAGR 5.3%
Number of pages in the report 350
Covered segments Product, Method, Construction Type, End Use and Region
Drivers Increase in construction activities around the world
Advantages offered by polished concrete such as low maintenance, high durability and environmental friendliness and resistance to dirt, allergens or bacteria
Increasing customer preferences to improve the aesthetic appeal of buildings
Rapid urbanization and increasing demand for cheap housing
Opportunities Advantages of polished concrete floors such as their slip resistance, high reflectivity, affordability and stain resistance
Limits The cost of raw materials used in the production of polished concrete may increase during the forecast period due to fluctuations in the price of crude oil and petroleum products.

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the polished concrete market.
  • The strict lockdowns imposed in many regions during the crisis prevented several development projects from proceeding. In addition, the ban on import-export transactions and the shortage of raw materials and labor are having a significant impact on the construction sector.
  • However, the market recovered after the pandemic.

The report offers detailed segmentation of the global polished concrete market on the basis of product, method, construction type, end-use, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps the market players, investors and new entrants in determining the sub-segments to use to achieve growth in the coming years.

On the basis of product, the sealants segment held the largest share in 2021, accounting for more than two-fifths of the global polished concrete market, and would rule by 2031. However, the sealants and crack fillers segment is estimated to at the fastest CAGR of 5.8% during the forecast period. The report also looks at the conditioners segment.

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Based on the method, the dry segment accounted for the largest share in 2021, accounting for nearly three-fifths of the global polished concrete market, and will lead the trail by 2031. The same segment is expected to witness the fastest CAGR of 5.7% during the forecast monthly cycle. The report also discusses the wet segment.

In terms of construction type, the new construction segment accounted for the largest market share of over half of the global polished concrete market in 2021 and is expected to be the leader during the forecast period. The renovation segment, on the other hand, is likely to achieve the fastest CAGR of 5.6% through 2031.

In terms of end-use, the non-residential segment accounted for the largest market share of nearly three-fifths of the global polished concrete market in 2021 and is expected to lead during the forecast period. The same segment is likely to achieve fastest CAGR from 5.9% by 2031. The report also discusses the residential segment.

On the basis of region, the North American market was the largest in 2021, accounting for more than two-fifths of the global polished concrete market share and is likely to maintain its leadership status during the forecast period. Furthermore, the market in the same region is expected to exhibit the highest CAGR of 5.8% from 2022 to 2031. Other regions analyzed in the study include Asia Pacific, Europe, and LAMEA.

Leading players in the global polished concrete market analyzed in the research include 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., and Euclid Chemical Company.

The report analyzes these key players in the global Polished Concrete market. These players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio and development of each market player.

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About us

Allied Market Research (AMR) is the market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a single-minded focus on providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relationship with various companies and this helps us to extract market data which helps us to generate accurate data tables from surveys and confirms extreme accuracy in our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients in every possible way to achieve success. All the data presented in the reports published by us are derived through primary interviews with senior executives from leading companies in the respective domain. Our secondary data delivery methodology involves in-depth online and offline research and discussions with experienced industry professionals and analysts.


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