Growing demand for non-residential polished concrete in commercial building & construction activities across the globe will augment the industry growth in the forthcoming years. Rising preference of consumers towards durable, low maintenance and aesthetically enhanced flooring options would arise the demand for polished concrete floors in commercial complexes.
Reportedly, the European Union had recently sanctioned an expenditure of about €1.8 trillion towards infrastructural development across several countries in the region. This indicates a significant construction of commercial buildings. According to a Global Market Insights, Inc., analysis report, global non-residential polished concrete market is likely to cross over US$10 billion by 2027
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The availability of polished concrete flooring in multiple colors, patterns, and shapes for different applications, along with exceptional reflective properties would provide various selection options to the consumers. The glowing look of the product gives the feel of cleanliness and helps in increasing ambient lighting, especially in office spaces. Additionally, the presence of innovative remodeling technologies revolutionizing the construction sector, growing activities of refurbishments of ageing infrastructures with modern textures and state-of-art designs would positively impact the demand for polished concrete floors to the large extent.
The new floor applications of the product will account for the highest share of the overall market by 2027. The advantages of polished concrete flooring such as exceptional aesthetics and cost-effectiveness over other kinds of available flooring would augment its demand. Also, the low maintenance cost of materials as compared with others would make it highly preferred in construction of commercial complexes.
Share of the institutional segment in the non-residential polished concrete industry will experience over 3.5% CAGR in the coming years. Growing adoption of the product in various public infrastructures such as small commercial projects, hospitals, and schools, on account of its dust-proof surface allowing easy cleaning and simple yet modern look would boost its demand in the non-residential sector. Also, surging investments to support infrastructural development projects in the healthcare and education sector across developing nations would augment industry share from the institutional segment.
Europe non-residential polished industry will expand to value at more than US$1,950 million by 2027. The existence of ageing infrastructure and building across the European Union would boost regional industry share. As per the European Parliament, nearly 35% of the EU’s buildings are more than 50 years old, and about 110 million buildings and need refurbishments. Additionally, a growing number of immigrants and international tourists across different parts of the country will generate massive demand for commercial spaces, which will eventually augment business expansion in the region.
Leading companies in the global non-residential polished concrete industry include Jemkon, CHEMEX, Boral, Breedon Group, UltraTech Cement, Vicat, U.S. Concrete, RDC Concrete, Summit Material, Martin Marietta Materials, Oyak Beton, River Sands, CRH, HeidelbergCement, and LafargeHolcim.
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With the rapidly growing global population is generating exponential demand for commercial and residential places, the rising need for durable and robust infrastructure is augmenting the demand for polished concrete to a large extent.
Chapter 1 Methodology & Scope
1.1 Market Definitions
1.2 Base estimates & working
1.2.1 North America
1.3 Forecast parameters
1.4 Forecast calculations
1.4.1 COVID-19 impact calculations on industry forecast
1.5 Data Sources
220.127.116.11 Paid Sources
18.104.22.168 Public Sources
Chapter 2 Executive Summary
2.1 Non-residential polished concrete market industry 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Application trends
2.1.3 End-User trends
2.1.4 Regional trends
Chapter 3 Non-Residential Polished Concrete Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017-2027
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Service providers
3.3.3 Profit margin analysis
3.3.4 Value addition at each stage
3.3.5 Distribution channel analysis
3.3.6 Vendor matrix
22.214.171.124 List of key suppliers
126.96.36.199 List of key/potential customers
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