Global Non-Residential Polished Concrete Market Overview
The Non-Residential Polished Concrete Market Size was estimated at 3.05 (USD Billion) in 2022. The Non-Residential Polished Concrete Industry is expected to grow from 3.18(USD Billion) in 2023 to 4.6 (USD Billion) by 2032. The Non-Residential Polished Concrete Market CAGR (growth rate) is expected to be around 4.18% during the forecast period (2024 - 2032).
Key Non-Residential Polished Concrete Market Trends Highlighted
Market Trends:Emerging as a highly desired flooring solution for non-residential spaces, polished concrete continues to gain traction in the market. Key drivers include its exceptional durability, low maintenance costs, and aesthetically pleasing appearance. The growing adoption of green building practices has further fueled demand for polished concrete as it meets LEED and other environmental standards. Moreover, the increasing popularity of industrial chic and minimalist design aesthetics has made polished concrete a popular choice for offices, retail stores, and hospitality establishments.Opportunities and Challenges:Exploration of new technologies and advancements in coatings and sealers presents opportunities for the non-residential polished concrete market. Innovations like self-healing concrete and anti-stain coatings can enhance the performance and longevity of polished concrete floors. Additionally, collaborations between manufacturers and architects can lead to the development of customized solutions that meet specific design and functional requirements. However, challenges such as labor shortages and the need for specialized equipment may hinder growth potential in certain regions.Recent Trends:Recent trends in the non-residential polished concrete market include the increasing popularity of micro-topping, a thin overlay technique that creates a polished concrete finish on existing subfloors. The demand for decorative finishes, including acid staining and epoxy coatings, has also seen a rise. Furthermore, sustainable manufacturing practices and the use of recycled aggregates are becoming more prevalent, aligning with the growing focus on environmental consciousness in the construction industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Residential Polished Concrete Market Drivers
Rising Demand for Durable and Aesthetic Flooring Solutions
The non-residential polished concrete market is chiefly ruled by the rising need for durable and aesthetically appealing flooring solutions in various non-residential avenues, including commercial, industrial, and educational settings. Reflective concrete is considered an attractive option in the specified public areas because of its ability to combine the resistance to wear and tear of a heavy-duty floor with a modern and stylish look of the polished concrete.The increasing demand for cosmetic concrete in the spheres such as retail, healthcare, and hospitality will continue to shape the growth of the non-residential polished concrete market in the future.
Growing Focus on Sustainable Building Practices
The increasing emphasis on sustainable building practices and environmental consciousness is also contributing to the growth of the non-residential polished concrete market. Polished concrete is considered an environmentally friendly flooring option due to its durability, which reduces the need for frequent replacements and minimizes waste. Additionally, polished concrete can contribute to energy efficiency by reflecting light and reducing the need for artificial lighting.These factors are making polished concrete an attractive choice for architects, builders, and property owners who prioritize sustainability in their construction projects.
Technological Advancements and Innovation
Moreover, the non-residential polished concrete market is gaining from continued technological development, which has led to the introduction of several new advanced techniques and pieces of equipment that make the process of concrete polishing more efficient and accurate, with better polish and reduced labor costs. The advent of new sealers and coating has also made polished concrete floors more durable and long-lasting, which has made them even more popular with property owners and property/ facility management companies
Non-Residential Polished Concrete Market Segment Insights:
Non-Residential Polished Concrete Market Application Insights
The Non-Residential Polished Concrete Market application segment includes Flooring, Wall Cladding, Countertops, Furniture, and Other. Of these, the Flooring segment held the largest share in 2023 and is expected to be no different in the upcoming years. The growth can be attributed to the rising demand for polished concrete flooring in commercial and industrial buildings due to its durability, no-to-low maintenance, and texture. Wall cladding is another significant segment. Polished concretes as wall claddings provide a modern and sophisticated look either indoors or outdoors.Moreover, the countertops which are made out of this material, are also gaining traction due to its long-lasting life, heat resistance, and texture. Furniture made out of polished concrete adds an elegant and industrial touch to any space. Moreover, these can be the best choice of outdoor furniture as it is resistant to the outdoor weather cloths. Last but not least, decorative accents, sculptures, and outdoor landscaping made out of these materials drive the Non-Residential Polished Concrete Market. The benefits of using polished concrete for various applications pave the way for its adoption.It is highly durable and does not easily succumb to wear and tear, making it best suited for high-traffic areas. It relatively requires low maintenance because standard cleaning and polishing are enough to maintain the appearance. The design flexibility associated with polished concrete enables users to personalize it to meet a specific requirement. The growth of the Non-Residential Polished Concrete Market is expected to be driven by the increasing number of construction activities, which are more prevalent in emerging economies. The demand for sustainable construction materials also drives the growth.Polished concrete is eco-friendly as it has a low-emission factor and requires less energy to manufacture. The advent of technology ensures that new applications are developed frequently to expand the scope of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Residential Polished Concrete Market Finish Insight
According to the Non-Residential Polished Concrete Market segmentation by finish, matte, semi-gloss, gloss, and the other substyles are the ones observed. In 2023, the semi-gloss subsegment is forecasted to be leading the market accounting for around 45% market share as it is capable of offering the right balance between the durability and aesthetics. The matte finish subsegment is also forecasted to grow at a high rate during the forecast period as it is highly non-reflective and slip resistant. The gloss subsegment is expected to grow at a low typically level as it is very reflective and can be used to enhance the appearance of a commercial building, for example, in showrooms and retail stores.The other segment may include honed and textured finishes which are highly specialized and meet certain requirements.
Non-Residential Polished Concrete Market Color Insights
The Non-Residential Polished Concrete Market is segmented by Color into Grey, Beige, White, Black and Other. The Grey segment is expected to hold the largest market share in 2023, accounting for over 40% of the market. Grey polished concrete is popular due to its neutral and versatile appearance, making it suitable for a wide range of commercial and industrial applications. Beige polished concrete is projected to be the fastest-growing segment, with a CAGR of over 5% from 2023 to 2032. Beige offers a warm and inviting aesthetic, while also being durable and easy to maintain, making it ideal for retail and hospitality settings.White polished concrete, known for its clean and modern look, is estimated to account for a significant market share, particularly in healthcare and educational facilities where hygiene and aesthetics are paramount. Black polished concrete exudes a sophisticated and luxurious appeal and is anticipated to witness steady growth in the coming years, driven by its use in high-end commercial and residential buildings. The Other Color segment encompasses a variety of colors and patterns, and is expected to gain traction in niche applications, contributing to the overall market growth.
Non-Residential Polished Concrete Market Regional Insights
The regional landscape of the Non-Residential Polished Concrete Market presents diverse growth dynamics and opportunities. North America holds a significant market share, driven by increasing construction activities, particularly in the commercial and industrial sectors. In 2023, the region accounted for approximately 35% of the Non-Residential Polished Concrete Market revenue. Europe follows closely, with a market share of around 30%, supported by a growing focus on sustainable building practices and renovation projects. The Asia Pacific region is poised for substantial growth, with countries like China and India witnessing a surge in non-residential construction.It is estimated to capture over 25% of the market share by 2032. South America and the Middle East and Africa (MEA) regions are also expected to contribute to the Non-Residential Polished Concrete Market growth, albeit at a slower pace. These regions offer significant potential for market expansion due to rising urbanization and infrastructure development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Residential Polished Concrete Market Key Players And Competitive Insights:
Major players in Non-Residential Polished Concrete Market industry are constantly developing new products and technologies to stay ahead of the competition. Leading Non-Residential Polished Concrete Market players are investing in research and development to create innovative products that meet the changing needs of customers. The Non-Residential Polished Concrete Market industry is also seeing a growing trend towards consolidation, as larger players acquire smaller companies to expand their market share. This consolidation is likely to continue in the coming years, as companies look to gain economies of scale and increase their competitive advantage. The Non-Residential Polished Concrete Market Competitive Landscape is expected to remain highly competitive in the coming years, as new entrants and existing players continue to vie for market share.One of the leading players in the Non-Residential Polished Concrete Market industry is Husqvarna. The company offers a wide range of polished concrete products, including grinders, polishers, and sealers. Husqvarna is a company with a strong presence in North America, Europe, and Asia. The company is known for its high-quality products and its commitment to innovation. Husqvarna is a major player in the Non-Residential Polished Concrete Market and is expected to continue to be a leader in the coming years.Another major player in the Non-Residential Polished Concrete Market industry is HTC. The company offers a wide range of polished concrete products, including grinders, polishers, and diamond tools. HTC is a company with a strong presence in North America, Europe, and Asia. The company is known for its innovative products and its commitment to customer service. HTC is a major player in the Non-Residential Polished Concrete Market and is expected to continue to be a leader in the coming years.
Key Companies in the Non-Residential Polished Concrete Market Include:
Flooring Technologies Group
Fosroc
ParexGroup
GCP Applied Technologies
TDM
Euclid Chemical
BASF
MAPEI
RPM International
Sika
HCS
LATICRETE
NoxCrete
Ardex
Husqvarna
Non-Residential Polished Concrete Market Industry Developments
The non-residential polished concrete market is projected to reach USD 4.6 billion by 2032, exhibiting a CAGR of 4.18% during the forecast period 2024-2032. The increasing demand for polished concrete flooring in commercial and industrial settings, coupled with rising construction activities, is driving market growth. Polished concrete offers several advantages over traditional flooring materials, including durability, low maintenance costs, and improved aesthetics. Furthermore, advancements in polishing techniques and the development of new sealers and coatings are further enhancing the appeal of polished concrete flooring.Recent news developments in the market include the launch of innovative products and the expansion of production capacities by key players. For instance, in 2023, BASF introduced MasterTop 1325, a new high-performance polishing compound designed to achieve a high-gloss finish on concrete floors. Additionally, major players like Sherwin-Williams and RPM International are investing in expanding their production facilities to meet the growing demand for polished concrete flooring solutions.
Non-Residential Polished Concrete Market Segmentation Insights
Non-Residential Polished Concrete Market Application Outlook
Flooring
Wall Cladding
Countertops
Furniture
Other
Non-Residential Polished Concrete Market Finish Outlook
Matte
Semi-Gloss
Gloss
Other
Non-Residential Polished Concrete Market Color Outlook
Grey
Beige
White
Black
Other
Non-Residential Polished Concrete Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 3.05(USD Billion) |
| Market Size 2023 | 3.18(USD Billion) |
| Market Size 2032 | 4.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.18% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Flooring Technologies Group, Fosroc, ParexGroup, GCP Applied Technologies, TDM, Euclid Chemical, BASF, MAPEI, RPM International, Sika, HCS, LATICRETE, NoxCrete, Ardex, Husqvarna |
| Segments Covered | Application, Finish, Color, Regional |
| Key Market Opportunities | Hospital construction commercial renovation industrial flooring educational facilities expansion warehouse development |
| Key Market Dynamics | Rising demand for sustainable flooring solutions Technological advancements enhancing performance Growing construction industry in emerging economies Government regulations promoting green building practices Increasing preference for aesthetic and durable flooring options |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Non-Residential Polished Concrete Market is expected to reach USD 4.6 billion by 2032, exhibiting a CAGR of 4.18% during the forecast period (2024-2032).
The Asia Pacific region is projected to dominate the Non-Residential Polished Concrete Market, accounting for the largest market share during the forecast period.
Rising demand for polished concrete in commercial and industrial applications, increasing construction activities, and growing awareness of the benefits of polished concrete are the key factors driving market growth.
Non-Residential Polished Concrete is primarily used in commercial buildings, industrial facilities, warehouses, retail stores, and educational institutions.
The key competitors in the Non-Residential Polished Concrete Market include Sika AG, BASF SE, RPM International Inc., The Euclid Chemical Company, and W. R. Meadows, Inc.
The Non-Residential Polished Concrete Market is expected to reach a value of USD 4.6 billion by 2032.
The Non-Residential Polished Concrete Market is projected to exhibit a CAGR of 4.18% during the forecast period (2024-2032).
The Commercial segment is anticipated to account for the largest market share in the Non-Residential Polished Concrete Market during the forecast period.
The increasing adoption of sustainable building practices and the growing demand for aesthetically pleasing flooring solutions are key trends driving market growth.
The Asia Pacific region is projected to experience the highest growth rate in the Non-Residential Polished Concrete Market during the forecast period.
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