Polished Concrete Market 2020: Industry Analysis, Growth, and Forecast till 2027

Japan, Japan, Fri, 16 Jul 2021 02:13:25 / Comserve Inc. / -- Pittsburgh Plate Glass Industries, Inc., 3M, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals Inc., The Euclid Chemical Company.

According to Research Dive analysis, the global polished concrete market is estimated to generate a revenue of $2920.0 million by 2027, increasing from $1832.9 million in 2019, at a healthy CAGR of 6.1%.

Impact Analysis of COVID-19 on the Global Polished Concrete Market:

The global polished concrete market experienced a negative impact due to sharp fall in the construction activities across the world in 2020. As complete lockdown was imposed in various countries, many construction projects were postponed and new construction projects were cancelled. However, recently due to some relaxation in lockdown rules and with implication of safety measures the construction activities have begun again in many countries. Thus, demand for polished concrete is increasing due to high demand from residential, commercial, and industrial construction sectors. This growth is majorly attributed to rising demand for durable, aesthetic flooring in residential and commercial sector. The polished concrete floors are denser and non-porous. Due to this the floors are less prone to bacteria, germs, and moisture and keep the surface clean, which is a priority during the pandemic time. All these aspects may generate substantial growth opportunities in the market, amid the COVID-19 crisis.

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Polished Concrete Market Analysis:

The global polished concrete market experienced appreciable growth post the relaxation given on the lockdown rules. This growth is majorly due to increased demand from construction sectors such as new construction, renovation, remodeling, and rapid urbanization.

For instance, as stated in the European Union (EU) on October 12, 2020, the EU announced building renovation project to cut down the energy utilization and to reduce the pollution. As stated in this report, the buildings in Europe account for 40% of energy consumption and renovation of such buildings is must to minimize the energy utilization and pollution. Also, EU has a target to renew 3% of the government building each year. The key benefits offered by polished concrete includes cost savings, high resistance to foot traffic, enhanced light reflectivity, high durability, and moisture resistance. In addition, it is a sustainable flooring alternative as it does not use hazardous chemicals, cleaners and adhesives. All these benefits are estimated to drive the market growth during the analysis timeframe.

Environmental impact associated with the use of polished concrete as cement is used as a base material that leads to CO2 emissions is one of the restraining factors which may create a negative impact on the market during the forecast period.

The polished concrete industry is growing rapidly owing to increase in new construction, renovation, remodeling activities of residential and non-residential places. Polished concrete finds wide applications across warehouses, institutional, office buildings, retail stores and various other sectors. As stated in Flash Flooring, on December 26, 2020, polished concrete floors are much better than other flooring solutions due to high durability, slip resistance, excellent finish and aesthetically pleasing properties. Flash Flooring is the Australia-based leading new age flooring company. These benefits are majorly owing to the use of densifier that fills the floor giving smooth aesthetic feeling, grinding tools that endure shine and light reflecting effect. During the application of first densifier layer 80 grit grinding tools are used and one more light application layer is provided after coloring the floor. During second densifier application layer 400 grit grinding tools are used to endure shine and lock the color. Polished concrete is much economical compared to other flooring options such as vinyl flooring, ceramic tile, linoleum, and others. All these factors may increase the growth of the sector during forecast period.

Based on type, the global market for polished concrete platform is divided into densifier, sealer & crack filler, and conditioner.

The densifier sub-segment is projected to have the fastest market growth and generate a revenue of $1,294.7 million by 2027.

Based on method, the market is classified into dry and wet. The dry sub-segment garnered $1,050.2 million in 2019 and is projected to grow exponentially by 2027.

Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific polished concrete is anticipated to rise at a growth rate of 8.0% by 2027 from the revenue generated in 2019.

The companies involved in the global polished concrete market are Pittsburgh Plate Glass Industries, Inc., 3M, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals Inc., The Euclid Chemical Company.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-114206

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Table of Content

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By type trends
2.3.By method trends
2.4.By construction type trends
2.5.By end use trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter's five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.by type
3.8.2.by method
3.8.3.by construction type
3.8.4.by end use

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

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