What is Global Polished Concrete Market?
The Global Polished Concrete Market is a vast and dynamic sector that has been gaining significant traction in recent years. This market revolves around the production, distribution, and application of polished concrete, a versatile and durable material that is increasingly being used in various construction and renovation projects worldwide. Polished concrete is essentially concrete that has been treated with a chemical densifier and ground with progressively finer grinding tools. The process results in a high-gloss finish that is not only aesthetically pleasing but also highly resistant to damage. The global market for this product is driven by a variety of factors, including its cost-effectiveness, durability, and versatility, as well as the growing demand for green building materials. As of 2023, the market was valued at a whopping US$ 2427.1 million, and it shows no signs of slowing down.
New Floors, Retrofit Floors in the Global Polished Concrete Market:
The Global Polished Concrete Market is segmented into two main categories: new floors and retrofit floors. New floors refer to freshly laid concrete that is polished immediately after it has set and cured. This type of polished concrete is commonly used in new construction projects, where it offers a sleek and modern finish that is also incredibly durable and easy to maintain. On the other hand, retrofit floors involve the polishing of existing concrete floors, which can be a cost-effective way to revitalize old or damaged surfaces. Both types of polished concrete have their own unique advantages and applications, and their combined demand contributes significantly to the overall growth of the global market.
Factories, Offices, Hotel Lobbies, Automotive Shops, Warehouses in the Global Polished Concrete Market:
The usage of polished concrete extends to a wide range of areas, including factories, offices, hotel lobbies, automotive shops, and warehouses. In factories, polished concrete is prized for its durability and resistance to heavy machinery and high foot traffic. Offices and hotel lobbies often opt for polished concrete for its sleek and modern aesthetic, which can be customized with a variety of colors and finishes. Automotive shops benefit from the material's resistance to oil and other chemicals, while warehouses appreciate its ability to withstand heavy loads and constant wear and tear. The versatility of polished concrete makes it a popular choice in these and many other settings, further driving the growth of the global market.
Global Polished Concrete Market Outlook:
Looking at the market outlook for the Global Polished Concrete Market, it's clear that this sector is on a steady upward trajectory. In 2023, the market was valued at US$ 2427.1 million. However, it's not just the past performance that's impressive - the future looks bright too. Experts predict that by 2030, the market will reach a value of US$ 3412.7 million. This represents a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2024 to 2030. This growth is expected to be driven by the increasing demand for durable, cost-effective, and environmentally friendly building materials, as well as the ongoing expansion of the construction industry worldwide.
| Report Metric | Details |
| Report Name | Polished Concrete Market |
| Accounted market size in 2023 | US$ 2427.1 million |
| Forecasted market size in 2030 | US$ 3412.7 million |
| CAGR | 4.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | McLean Company, David Allen Company, Polished Concrete Systems, LATICRETE International, Perfect Polish, Niche Polished Concrete |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
