Polished Concrete Market Trends

Growth in construction of new residential & commercial spaces is driving the market growth

The high need for polished concrete in the building of hotel flooring and other commercial constructions is one of the primary causes of the rise in demand for it. This is mainly because polished concrete has a number of advantages, such as good visual appeal for floors, resistance to slipping, and resilience to wear and tear from high foot traffic. Both in the Middle East and Africa as well as the Asia-Pacific area, a significant increase in demand is anticipated.

Due to the significant investments made in housing expansions and the quick industrialization of these developing nations, the demand for polished concrete is projected to increase. The demand for polished concrete is expected to expand as a result of a building's or facility's greater visual appeal.

During the projected period, it is anticipated that the fluctuating raw material and energy costs associated with producing polished concrete will persist. The price of cement, sealants, and adhesives used in polished concrete could rise as a result of fluctuations in the cost of raw materials caused by the price of crude oil and petroleum products. Therefore, the price of these parts directly affects the price of polished concrete. In response to growing raw material costs, vendors raise the price of their products, reducing the potential for polished concrete's market share to increase.

There will be a significant increase in the number of redevelopment and refurbishment projects in non-residential structures during the projected year. In an effort to attract more guests and enhance the lodging experience, hotel and resort owners are also renovating the buildings that house their businesses. For instance, in September 2019, JW Marriott opened a brand-new hotel in Canberra, Australia. The hotel features the newest design highlights and polished concrete flooring, which enhances the floors' aesthetic attractiveness. Additionally, it is anticipated that increased industry investment in the retail and residential development industries will speed up the use of polished concrete.

Thus, driving the Polished Concrete market revenue.

The aesthetic appeal of polished concrete is increasingly recognized, influencing the Global Polished Concrete Market Industry. Architects and designers are incorporating polished concrete into their projects for its modern and sleek appearance. This trend is particularly prominent in high-end residential and commercial spaces, where polished concrete floors serve as a statement feature. The versatility in design allows for customization, catering to diverse consumer preferences. As awareness of the aesthetic benefits grows, more property owners are opting for polished concrete, contributing to the market's projected growth rate of 5.89% CAGR from 2025 to 2035.

The Global Polished Concrete Market Industry experiences a notable increase in demand for sustainable flooring solutions. As environmental concerns rise, consumers and businesses alike seek eco-friendly options that reduce carbon footprints. Polished concrete, known for its durability and low maintenance, aligns with these sustainability goals. The material utilizes existing concrete slabs, minimizing waste and resource consumption. This trend is particularly evident in commercial spaces, where polished concrete is favored for its aesthetic appeal and longevity. The market is projected to reach 2.86 USD Billion in 2024, reflecting a growing preference for sustainable construction practices.

Technological advancements in polishing techniques are transforming the Global Polished Concrete Market Industry. Innovations such as diamond grinding and advanced polishing machines enhance the efficiency and quality of polished concrete finishes. These technologies allow for a wider range of design options, including various textures and colors, appealing to both residential and commercial clients. Furthermore, the introduction of eco-friendly polishing compounds reduces environmental impact, aligning with sustainability trends. As these technologies become more accessible, they are likely to drive market growth, attracting new players and expanding the overall market landscape.

Emerging economies are witnessing a surge in construction activities, significantly impacting the Global Polished Concrete Market Industry. Countries in Asia-Pacific and Latin America are investing heavily in infrastructure development, including residential, commercial, and industrial projects. This expansion creates a robust demand for polished concrete due to its cost-effectiveness and versatility. For instance, in India and Brazil, urbanization drives the need for durable flooring solutions that can withstand high foot traffic. As these markets evolve, the Global Polished Concrete Market is expected to benefit from increased adoption, contributing to a projected market value of 5.37 USD Billion by 2035.

Regulatory frameworks promoting sustainable building practices are positively impacting the Global Polished Concrete Market Industry. Governments worldwide are implementing policies that encourage the use of environmentally friendly materials in construction. These regulations often favor polished concrete due to its sustainability credentials, such as energy efficiency and reduced waste. For example, initiatives in Europe and North America incentivize builders to adopt green materials, creating a favorable environment for polished concrete adoption. As these regulations become more stringent, the demand for polished concrete is likely to rise, further solidifying its position in the market.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Polished Concrete market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Polished Concrete industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Polished Concrete industry to benefit clients and increase the market sector. In recent years, the Polished Concrete industry has offered some of the most significant advantages to medicine. Major players in the Polished Concrete market, including PPG Industries, Inc., The 3M Company, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals, Inc., and the euclid chemical company, are attempting to increase market demand by investing in research and development operations.

Manufacturers of cement and ready-mixed goods include UltraTech Cement Ltd (UltraTech). The company's product line consists of white cement, wall care putty, conventional portland cement, portland blast furnace slag cement, portland pozzalana cement and portland composite cement. Additionally, it produces ready-mixed concrete, which includes construction materials and specialised concrete such as autoclaved aerated concrete blocks, grouting solutions, jointing mortars, plastering solutions and waterproofing solutions. Products from the business are used in the planning stages of numerous construction projects. The business has operations in Bahrain, Sri Lanka, the UAE, and India. The headquarters of UltraTech are in Mumbai, Maharashtra, India.

UltraTech Cement made the decision to spend 12,886 crore in 2022 to increase the production capacity by 22.6 million tonnes annually. By the end of FY23, the expansion programme is anticipated to be finished.

Chemical firm PPG Industries Inc. (PPG) produces and sells paints, coatings, optical goods, and speciality materials. It provides sealants, amorphous precipitated silicas, and protective and ornamental coatings. The business serves clients in a variety of end-use industries, including those for industrial equipment and components, packaging materials, aircraft and marine equipment, original equipment manufacturers (OEM) for the automobile industry, automotive refinishing, and industrial and consumer goods. The finish paint and coatings manufacturer Tikkurila (Finland) was acquired by PPG Industries, Inc. in 2020.

Where PPG has little market penetration, Tikkurila's has built decorative brands and product offers in various Northern and Eastern European nations.