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Polished Concrete Trends and Forecast
The future of the global polished concrete market looks promising with opportunities in the residential and non-residential markets. The global polished concrete market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are high demand for the building of commercial buildings, including hotel floors, large-scale house development costs and quick industrialization in the developing nations, as well as, efforts for growth and refurbishment in the commercial and residential sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Polished Concrete by Segment
The study includes a forecast for the global polished concrete by type, method, construction type, end use, and region.
Polished Concrete Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Densifier
• Sealer & Crack Filler
• Conditioner
Polished Concrete Market by Method [Shipment Analysis by Value from 2018 to 2030]:
• Dry
• Wet
Polished Concrete Market by Construction Type [Shipment Analysis by Value from 2018 to 2030]:
• New Construction
• Renovation
Polished Concrete Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Non-Residential
• Others
Polished Concrete Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Polished Concrete Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polished concrete companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polished concrete companies profiled in this report include-
• PPG Industries
• 3M
• BASF
• Boral
• The Sherwin-Williams
• UltraTech Cement
• SIKA
Polished Concrete Market Insights
Lucintel forecasts that new construction will remain the larger segment over the forecast period due to the increased demand for polished concrete products, mostly for warehouse and office applications.
North America will remain the largest region over the forecast period because of technological developments, the growth of the building and construction sectors, the increased need for lustrous, visually beautiful flooring systems in homes, and the increased need for the development of logistic hubs.
Features of the Global Polished Concrete Market
Market Size Estimates: Polished concrete market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polished concrete market size by various segments, such as by type, method, construction type, end use, and region in terms of value ($B).
Regional Analysis: Polished concrete market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, method, construction type, end use, and regions for the polished concrete market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polished concrete market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polished concrete market size?
Answer: The global polished concrete market is expected to reach an estimated $3.5 billion by 2030.
Q2. What is the growth forecast for polished concrete market?
Answer: The global polished concrete market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polished concrete market?
Answer: The major drivers for this market are high demand for the building of commercial buildings, including hotel floors, large-scale house development costs and quick industrialization in the developing nations, as well as, efforts for growth and refurbishment in the commercial and residential sectors.
Q4. What are the major segments for polished concrete market?
Answer: The future of the global polished concrete market looks promising with opportunities in the residential and non-residential markets.
Q5. Who are the key polished concrete market companies?
Answer: Some of the key polished concrete companies are as follows:
• PPG Industries
• 3M
• BASF
• Boral
• The Sherwin-Williams
• UltraTech Cement
• SIKA
Q6. Which polished concrete market segment will be the largest in future?
Answer: Lucintel forecasts that new construction will remain the larger segment over the forecast period due to the increased demand for polished concrete products, mostly for warehouse and office applications.
Q7. In polished concrete market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because of technological developments, the growth of the building and construction sectors, the increased need for lustrous, visually beautiful flooring systems in homes, and the increased need for the development of logistic hubs.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polished concrete market by type (densifier, sealer & crack filler, and conditioner), method (dry and wet), construction type (new construction and renovation), end use (residential, non-residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Polished Concrete Market, Polished Concrete Market Size, Polished Concrete Market Growth, Polished Concrete Market Analysis, Polished Concrete Market Report, Polished Concrete Market Share, Polished Concrete Market Trends, Polished Concrete Market Forecast, Polished Concrete Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Polished Concrete Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Polished Concrete Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Polished Concrete Market by Type
3.3.1: Densifier
3.3.2: Sealer & Crack Filler
3.3.3: Conditioner
3.4: Global Polished Concrete Market by Method
3.4.1: Dry
3.4.2: Wet
3.5: Global Polished Concrete Market by Construction type
3.5.1: New Construction
3.5.2: Renovation
3.6: Global Polished Concrete Market by End Use
3.6.1: Residential
3.6.2: Non-residential
3.6.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Polished Concrete Market by Region
4.2: North American Polished Concrete Market
4.2.1: North American Polished Concrete Market by Construction type: New Construction and Renovation
4.2.2: North American Polished Concrete Market by End Use: Residential, Non-residential, and Others
4.3: European Polished Concrete Market
4.3.1: European Polished Concrete Market by Construction type: New Construction and Renovation
4.3.2: European Polished Concrete Market by End Use: Residential, Non-residential, and Others
4.4: APAC Polished Concrete Market
4.4.1: APAC Polished Concrete Market by Construction type: New Construction and Renovation
4.4.2: APAC Polished Concrete Market by End Use: Residential, Non-residential, and Others
4.5: ROW Polished Concrete Market
4.5.1: ROW Polished Concrete Market by Construction type: New Construction and Renovation
4.5.2: ROW Polished Concrete Market by End Use: Residential, Non-residential, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Polished Concrete Market by Type
6.1.2: Growth Opportunities for the Global Polished Concrete Market by Method
6.1.3: Growth Opportunities for the Global Polished Concrete Market by Construction type
6.1.4: Growth Opportunities for the Global Polished Concrete Market by End Use
6.1.5: Growth Opportunities for the Global Polished Concrete Market by Region
6.2: Emerging Trends in the Global Polished Concrete Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Polished Concrete Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Polished Concrete Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: PPG Industries
7.2: 3M
7.3: BASF
7.4: Boral
7.5: The Sherwin-Williams
7.6: UltraTech Cement
7.7: SIKA
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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