Polished Concrete Market: Overview

  • Polished concrete is replacing conventional floor coverings in the commercial arena across a wide range of sectors
  • Demand for polished concrete has been rising, as it provides high esthetics. Furthermore, its sustainable profile, perceived ease of maintenance, and affordability are driving the demand for polished concrete.

Key Drivers of Polished Concrete Market

  • The global construction industry to set to grow by 3.0% in 2019, after 3.5% in 2018 and 2.7% in 2017. The residential segment held major share of the global construction industry, driven by expansion in the residential sector in countries such as India, the UAE, China, and Indonesia. Construction volumes in the U.S rose by +3% y/y in 2018 and +2.1% y/y in 2019. Construction spending growth in 2018 was driven by expansion in non-residential and residential sectors.
  • The construction industry in Asia Pacific is expected to expand rapidly during the forecast period. The largest construction industry in the world is in China. Residential construction in the country is expected to experience slow but stable growth in the near future.
  • According to the French Builders Association FFB, the construction sector in France expanded by 5% in 2017, mainly driven by a surge in the new residential building sector
  • GCC’s GDP is expected to increase by 1.9% in 2018 and 2.6% in 2019, and the building construction industry (US$ 69,023 Mn) is likely to constitute the largest market followed by energy (US$ 38,372 Mn) and infrastructure (US$ 17,601 Mn). The UAE, KSA, and Qatar remain the top three markets in the construction industry in the GCC.
  • Growth in the construction industry is anticipated to drive the global polished concrete market

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High Cost of Polished Concrete to Hamper Market

  • Polished concrete is expensive. Sealing concrete costs more than total installation cost for carpet tile, while polishing can cost twice as much as sealing. A thin decorative layer applied to the surface of an existing slab made up of any combination of cement, sand, or other additives blended with polymer resin can double the cost of polished concrete. Concrete applications can bring a number of challenges, including poor acoustics, cracking, increased slip and fall risk, and discomfort underfoot. These factors are likely to hamper the polished concrete market.

Key Segment of Polished Concrete Market

  • In terms of product, the sealers & crack fillers segment held major share of the global polished concrete market in 2018 due to the extensive usage of the product on rough, cracked, and damaged surfaces. Sealers & crack fillers are mostly used for densification process of concrete floors, as they help prevent moisture, water, oil, etc. from getting into the surface. They also improve the appearance of the floor.
  • The conditioners segment is anticipated to expand at a significant pace during the forecast period due to compulsory usage of conditioners during the concrete floor polishing process
  • In terms of end-use industry, residential is anticipated to constitute key share of the global polished concrete market during the forecast period. Polished concrete is widely used for densification & polishing of surfaces, as it add strengths to existing floors, and protects surface from deterioration and heavy loads.
  • The institutional segment is expected to expand at a substantial pace in the near future due to the increase in construction of institutional buildings in most of the developing countries

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North America Expected to Hold Large Share of Global Polished Concrete Market

  • North America is expected to hold major share of the global polished concrete market during the forecast period due to increase in remodeling and renovation practices in the region, especially in the residential construction sector
  • The market in Asia Pacific is anticipated to expand at substantial pace during the forecast period due to growth in the construction sector in Japan, China, and India. Increase in establishment of manufacturing facilities in Asia Pacific, led by governmental support, is projected to fuel the polished concrete market in the near future.

Key Players in Polished Concrete Market

The global polished concrete market is highly fragmented, with the top manufacturers accounting for approximately 20% to 30%. Key players operating in the polished concrete market include:

  • dmf concrete
  • Pasadena Concreteworks, Inc.
  • CHARLOTTES CONCRETE
  • Fairfax Concrete LLC
  • BGSB
  • Polished Concrete Systems , Inc

Global Polished Concrete Market: Research Scope

Global Polished Concrete Market, by Product

  • Densifiers & Hardeners
  • Sealers & Crack Fillers
  • Conditioners

Global Polished Concrete Market, by End-use Industry

  • Residential
  • Commercial
  • Industrial
  • Institutional
  • Others

Global Polished Concrete Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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