At what pace is the polished concrete market growing, and what is its estimated value?
The polished concrete market size has grown strongly in recent years. It will grow from $2.62 billion in 2024 to $2.77 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to pioneering applications, cost-effectiveness, refurbishment and renovation, industrial development influence, commercial and industrial adoption.
The polished concrete market size is expected to see strong growth in the next few years. It will grow to $3.63 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to resurgence in renovation projects, market expansion in emerging economies, health and hygiene concerns, innovations in design and customization, urbanization and infrastructure development. Major trends in the forecast period include sustainable building practices, architectural aesthetics, durability and longevity, residential adoption, commercial and retail spaces.
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What are the key forces behind the polished concrete market’s growth in recent years?
The rising demand for renovation and remodeling is the key driver propelling the growth of polished concrete market. The expanding demand for polished concrete, especially for constructing hotel flooring and other non-residential buildings, is also the main factors responsible for the growth of the polished concrete market. The factors such as durable, low maintenance and easy to clean and advancement in technologies, and also the applications in the usage of glossy and attractive flooring are driving the use of polished concrete non-residential construction. For instance, in May 2024, according to Houzz Inc., a US-based company, Renovation expenditures have significantly risen over the past three years, with the median spend increasing by 13% to reach £17,000 in 2023. Therefore, rising demand for renovation and remodeling will drive the growth of polished concrete market.
What are the major segments of the polished concrete market?
The polished concrete market covered in this report is segmented –
1) By Product Type: Densifiers & Hardeners, Sealers & Crack Fillers, Conditioners
2) By Method: Dry, Wet
3) By Construction Type: New Construction, Renovation
4) By End-Use Industry: Residential, Non-Residential
Subsegments:
1) By Densifiers And Hardeners: Lithium Densifiers, Sodium Silicate Densifiers, Potassium Silicate Densifiers, Other Densifiers And Hardeners
2) By Sealers And Crack Fillers: Acrylic Sealers, Epoxy Sealers, Polyurethane Sealers, Crack Fillers
3) By Conditioners: Concrete Conditioners, Surface Conditioners, Stain Blockers, Other Conditioners
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Which companies dominate the polished concrete market?
Major companies operating in the polished concrete market include BASF SE, Minnesota Mining and Manufacturing Company, The Sherwin-Williams Company, PPG Industries Inc., CHARLOTTES CONCRETE, SIKA AG, Jon-Don LLC, Cemstone, The Euclid Chemical Company, Bgsb Concrete Solutions (p) Ltd, Solomon Colors Inc., Terrco Inc., Lavina, Concrete Polishing Solutions, DIAMATIC INDUSTRIES, Runyon Surface Prep, National Concrete Polishing & Grinding Inc., Vexcon Chemicals Inc., Bomanite Corporation, Klindex, Stone Medic, Kut-Rite Manufacturing, Pasadena Concreteworks Inc., Fairfax Concrete LLC, DMF Concrete, Polished Concrete Systems Inc., Manassas Concrete Pros, HARLOTTES CONCRETE, HTC Sweden AB, Superabrasive
What major trends will shape the polished concrete market during the forecast period?
Strategic partnership is a key trend in the polished concrete market. Major players are entering into partnership to leverage each other’s resources and expand the market. For example, in May 2022, Blue Point Capital Partners, a US-based private equity firm and its BPCP III concrete industry platform, SASE Company, partnered with Bartell Global. The partnership aims at designing new products and expanding into new regions. Bartell Global is a US-based manufacturer of construction and surface preparation equipment, including polished concrete.
What are the key regional dynamics of the polished concrete market, and which region leads in market share?
The countries covered in the polished concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Polished Concrete Market Report 2025 Offer?
The polished concrete market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Polished concrete refers to a type of flooring material that involves a multistep process consisting of mechanically grinding and honing the concrete and then polishing it with bonded abrasives to cut a concrete floor’s surface to make dull-looking concrete floors bright, polished, shiny, and attractive and bring them to an equal level by removing stains or any rough surface.
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