The Global Polished Concrete Market size is projected to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast year.
Browse 135
market data Tables and 52 Figures spread through 161 Pages and in-depth
TOC on "Polished Concrete Market by Type (Densifier, Sealer
& Crack Filler, Conditioner), Method (Dry, Wet), Construction Type (New Construction,
Renovation), End-use Sector (Residential, Non-residential), and Region - Global
Forecast to 2025"
In terms of value & volume, densifier is
estimated to lead 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 protection to the concrete flooring system against chemical attack, staining, permeable fluids, wear, and degradation. The densifier is widely preferred and demanded for the concrete polishing, and its demand is expected to accelerate during the forecast period, with the increase in the demand from the non- residential sectors, globally.
Dry segment is estimated to be the largest segment
in the polished concrete market in 2019.
Dry, by method, accounted for the greatest demand
for polished concrete in 2019, in terms of value and volume. Furthermore, dry
segment is projected to be the fastest-growing method for the polished
concrete, by 2025, in terms of value as well as volume. The high demand can be
attributed to the higher shine and durability it offers to the polished
concrete floors. For the dry concrete polishing method, the surface of the
concrete is ground using commercial-scale polishing machines. Each stage of the
process requires a different abrasive polishing disk, often incorporating
diamond grit, with coarser textures for earlier stages and finer ones to get
the final shine.
New construction segment to dominate the polished
concrete market in 2019.
New construction, by construction type, accounted
for the largest demand for polished concrete in 2019, in terms of value
and volume. Furthermore, new construction is projected to be the
fastest-growing segment for the polished concrete, by 2025, in terms of value
as well as volume. Many manufacturers have promoted use of polished concrete as
a green movement as it can provide them to achieve LEED ratings for their
organization. This can be attributed to its high reflectivity, neutral impact
on indoor air quality and longer lifespan. This in turn, boosts the demand for
polished concrete for newly installed flooring systems of residential as well
as non-residential buildings.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=28587676
Expansions accounted for the largest share of all
the strategic developments that took place in the polished concrete market
between 2017 and 2020. Key players such as BASF SE (Germany), and SIKA AG
(Switzerland), adopted these strategies to enhance their market presence and
strengthen their manufacturing and distribution capabilities in the polished
concrete market.
PPG Industries is a global manufacturer and
supplier of specialty materials, paints, optical products, and coatings. It
caters to a large customer base in various markets, such as consumer products,
industrial, construction, and transportation. The company is financially and
strategically well placed and has a strong customer base. It gives increasing
importance to R&D activities. It focuses on expanding its existing
distribution network to serve customers better. Further, it focuses on
innovating and expanding its existing product portfolio for industrial and
performance coatings business segments.
BASF SE is one of the leading chemical companies
with a portfolio that provides chemicals, plastics, performance products, and
crop protection products to the oil and gas industry. It has a broad product
portfolio, which has encouraged sustained investment in new product
developments. The immense strength of the company in R&D activities and
expertise in construction and specialty chemical applications are the major
factors that are projected to encourage its growth in the next five years.
Read More Information At https://www.marketsandmarkets.com/PressReleases/polished-concrete.asp
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment