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The global polished concrete market size is projected to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6%.
The global polished concrete industry has witnessed high growth primarily because of the increasing demand for durable and low-maintenance construction products worldwide. Demand for appealing & attractive, cost-effective, and durable flooring applications is another key factor contributing towards the increasing growth of the polished concrete market over the next few years.
In terms of value, densifier segment to be the fastest-growing segment by 2025.
The densifier segment is projected to grow at the highest CAGR from 2020 to 2025. The growth of the densifier segment can be attributed to the benefits it offers, such as protection to the concrete flooring system against chemical attack, staining, permeable fluids, wear, and degradation. Th
$3 Billion Polished Concrete Market - Global Forecast to 2025: Demand for Appealing & Attractive, Cost-Effective, and Durable Flooring Applications
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Sustainable Air Filters Market Size to Reach USD 28 25 Billion by 2028
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The global decorative concrete market size is projected to grow from USD 15.4 billion in 2020 to USD 20.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9%.
The global decorative concrete industry has witnessed high growth primarily because of the increasing demand for durable and low-maintenance construction products worldwide. Demand for appealing & decorative, cost-effective, and durable flooring applications is another key factor contributing to the increasing growth of the decorative concrete market over the next few years.
In terms of both value and volume, the polished concrete segment to be the fastest-growing segment by 2025.
Furthermore, the decorative concrete market has witnessed a significant increase in demand, owing to the growing interest of consumers in home décor, the booming housing construction sector, rise in renovation & remodeling activities, and rapid urbanization & globalization.
In terms of value & volume, stamped concrete is estimated to lead the decorative concrete market in 2019.
Stamped concrete, by type, accounted for the largest market share in the decorative concrete market. The growth of the stamped concrete segment can be attributed to the benefits it offers, such as increased longevity and low maintenance cost. The stamped concrete is widely preferred and demanded flooring applications, and its demand is expected to accelerate during the forecast period, with the increase in the demand from the residential sectors, especially in the Asia-Pacific region.