North America Non-Residential Polished Concrete Market size is anticipated to reach USD 1.3 billion by 2028, according to a new research report by Global Market Insights Inc.
The rising commercial construction is one of the major factors driving the non-residential polished concrete industry growth in North America. The strong demand for polished concrete, particularly for hotel floors and other commercial structures, will accelerate the market expansion. The demand for polished concrete is growing due to its several advantages including a strong aesthetic appeal for floors and resistance to sliding and wear & tear caused by heavy footfall. Furthermore, rising remodeling and refurbishment activities in non-residential buildings will boost the adoption of polished concrete.
Surging demand for polished concretes in retrofit floors
The retrofit floors segment will account for over 15% of the non-residential polished concrete market share in North America by 2028 owing to the increasing usage of polished floors to replace old tile floorings or VCT tiles in commercial spaces as they offer easy maintenance and cleaning. Rising renovation activities to enhance the ambiance and aesthetics in dwelling buildings will significantly foster the product penetration.
However, better renovation techniques, as well as an increase in refurbishment operations in modern infrastructures with current state-of-the-art designs and textures, will propel the retrofit floors segment. Besides this, retrofit floorings prove to be cost-efficient in the long run as they reduce water & energy usage with the incorporation of new technology, equipment & services.
Browse key industry insights spread across 120 pages with 41 market data tables & 18 figures & charts from the report, “North America Non-Residential Polished Concrete Market Size By Application (New Floors, Retrofit Floors), By End-user (Industrial, Commercial, Institutional), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Increasing application of polished concrete in the institutional sector
The institutional end-use segment is predicted to generate nearly USD 630 million revenue by 2028. The institutional segment is expected to observe prominent growth led by the rising adoption of polished concretes in public infrastructures, such as hospitals, schools, and small commercial projects. Additionally, the growing adoption of polished concrete is driven by its combination of modernity, simplicity, dust-proof, and easy-to-clean slate for styling.
U.S. to exhibit steady growth
The U.S. non-residential polished concrete market is poised to cross around USD 1,220 million by 2028. Over the past few years, polished concrete has become one of the most sustainable choices for flooring in the U.S. polished concrete offers both durability & aesthetic appeal in flooring, leading to growing demand in flooring compared to other materials or tiles. It offers a shiny look, cleanliness, strength, and easy maintenance, followed by an environmental-friendly option since it uses materials already present on the site instead of using additional flooring or tiles.
Major companies in the North America non-residential polished concrete market are focused on new product launches, geographical expansion, R&D investments, and mergers & acquisitions to capture the revenue share. Such strategies help them to explore untapped market potentials and enable them to strengthen their position over the forecast timeframe. Some of the players in the market include Cemex S.A.B. de C.V., Summit Material, LafargeHolcim Ltd., HeidelbergCement AG, Martin Marietta Materials, Inc., and Sika Corporation among others.