In the "Concrete Market - Global Forecast to 2025" report published by MarketsAndMarket, the global polished concrete market size is estimated to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 5.6% from 2020 to 2025.

The market will grow in line with the increasing demand for industrial and commercial construction worldwide. Additionally, the polished concrete market has seen significant demand growth due to the increase in warehouse construction, the rise in renovation and remodeling activities, and rapid urbanization and globalization.

Some of the prominent key players are:

- BASF SE (Germany)

- 3M Company (USA)

- Sika AG (Switzerland)

- Sherwin Williams Company (USA)

- PPG Industries, Inc. (USA)

- UltraTech Cement Limited (India)

- Boral Limited (Australia)

Opportunity: Increasing Renovation and Remodeling Activities Globally

The increase in remodeling and renovation operations in non-residential spaces will accelerate the demand for polished concrete during the forecast year. Additionally, hotel and resort owners are engaged in renovating their point-of-sale structures to improve their customer base and enhance the accommodation experience.

For example, in September 2019, JW Marriott opened a new hotel in Canberra (Australia) with the latest design accents and polished concrete flooring, further enhancing the visual appeal of the floors.

Investments in the retail and residential construction sectors by industry players are expected to further propel the adoption of polished concrete.

Value and Volume

In terms of value and volume, it is estimated that densifier led the polished concrete market in 2019.

Densifiers, by type, accounted for the largest market share in the polished concrete market. The growth of the densifier segment can be attributed to the benefits it offers, such as protecting the concrete floor system against chemical attack, stains, fluid permeability, wear, and degradation.

Densifier is widely preferred and sought after for polishing concrete, and its demand is expected to accelerate during the forecast period, with the increasing demand from non-residential sectors, globally.

The North American region is estimated to hold the largest share of the polished concrete market during the forecast period.

Market Leader

It is projected that the North American region will lead the polished concrete market, both in terms of value and volume, from 2020 to 2025.

The growth of the polished concrete market in North America is driven by technological advancements in the construction and building industry. In the USA, single-family homes are on the rise, especially in Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina.

Additionally, the use of glossy and attractive floors in non-residential applications has been a key factor driving the growth of the polished concrete market. (Photo: Dreamstime)