Non-Residential Polished Concrete Market Introduction

Non-residential polished concrete refers to the process of treating concrete surfaces with a series of mechanically ground polishing steps, which result in a smooth, glossy, and durable surface finish. This type of flooring is typically used in commercial, industrial, and institutional settings, such as offices, retail stores, warehouses, hospitals, and schools. Non-residential polished concrete floors are known for their high durability, low maintenance, and aesthetic appeal, making them an attractive option for a wide range of applications.The process of polishing concrete involves the use of diamond abrasives and polishing tools to progressively refine the surface of the concrete. This can be achieved using either wet or dry methods, depending on the specific application and requirements. The end result is a highly reflective surface that is resistant to abrasion, staining, and wear.Non-residential polished concrete has become increasingly popular in recent years due to its many benefits, including cost-effectiveness, long-lasting durability, ease of maintenance, and environmental sustainability. As a result, it has become a preferred flooring option for many commercial, industrial, and institutional applications.

Non-Residential Polished Concrete Market Size

The global non-residential polished concrete market size was valued at USD 1.9 billion in 2020 and is projected to reach USD 3.2 billion by 2028, growing at a CAGR of 6.9% during the forecast period (2021-2028). The increasing demand for durable, low-maintenance, and cost-effective flooring solutions in commercial, industrial, and institutional settings is driving the growth of the non-residential polished concrete market. The growth is also attributed to the rising awareness about the benefits of polished concrete, such as improved aesthetics, high durability, and reduced environmental impact. Additionally, the increasing investments in infrastructure development and renovation projects across various regions are further boosting the market growth.

Non-Residential Polished Concrete Market Share

 The non-residential polished concrete market is highly fragmented, with the presence of numerous small and large players. Some of the key players operating in the market include Diamatic USA, HTC Group, Husqvarna AB, The Sherwin-Williams Company, Boral Limited, LafargeHolcim Ltd., Cemex SAB de CV, Sika AG, and RPM International Inc.Based on application, the retail segment dominated the market in 2020, accounting for over 25% of the total market share, owing to the increasing demand for aesthetically appealing and durable flooring solutions in retail stores. The industrial segment is also expected to witness significant growth during the forecast period, driven by the rising demand for flooring solutions that can withstand heavy foot and vehicular traffic, abrasion, and wear and tear.Geographically, North America dominated the non-residential polished concrete market in 2020, accounting for over 35% of the total market share, due to the high demand for polished concrete in the construction of new commercial and institutional buildings, as well as the renovation of existing ones. Europe and Asia Pacific are also significant markets for non-residential polished concrete, driven by the increasing investments in infrastructure development, particularly in emerging economies such as China and India.

Non-Residential Polished Concrete Market Trends

Some of the key trends in the non-residential polished concrete market are:

1. Growing popularity of decorative concrete: In addition to its functional benefits, polished concrete is increasingly being used for decorative purposes. The availability of a wide range of colors, designs, and patterns is driving the demand for decorative polished concrete in non-residential applications such as hotels, restaurants, and offices.
2. Increasing use of densifiers and sealers: Densifiers and sealers are being increasingly used in non-residential polished concrete applications to enhance the durability and resistance of the flooring. These products help to protect the concrete from abrasion, stains, and other types of damage, while also improving its appearance.
3. Shift towards sustainable and eco-friendly flooring solutions: Non-residential polished concrete is considered to be a sustainable and environmentally friendly flooring solution, as it eliminates the need for coatings or other harmful chemicals. This trend is expected to drive the demand for polished concrete in non-residential applications, particularly in regions where sustainability is a key priority.
4. Increased demand for low-maintenance flooring solutions: Non-residential polished concrete is a low-maintenance flooring solution that requires minimal cleaning and upkeep. This makes it an attractive option for commercial and institutional settings where time and resources are limited.
5. Advancements in technology: Advancements in concrete polishing technology are leading to the development of new and innovative flooring solutions. For instance, the use of diamond impregnated pads and automated grinding machines is making the process of polishing concrete faster, more efficient, and more consistent, which is driving the adoption of polished concrete in non-residential applications.

Non-Residential Polished Concrete Market Driving Factors

Some of the key driving factors for the non-residential polished concrete market are:

1. Durability and longevity: Non-residential polished concrete is a highly durable and long-lasting flooring solution that can withstand heavy foot traffic, impacts, and abrasion. This makes it an attractive option for commercial and institutional settings that require flooring solutions that can withstand heavy use and last for many years.
2. Cost-effectiveness: Non-residential polished concrete is a cost-effective flooring solution, as it eliminates the need for coatings, waxes, and other costly maintenance products. In addition, the low maintenance requirements of polished concrete mean that it can save building owners and managers money in the long run.
3. Aesthetics: Polished concrete is an attractive flooring solution that can enhance the appearance of non-residential settings such as retail stores, hotels, and restaurants. The availability of a wide range of colors and designs means that polished concrete can be customized to suit the needs of any space.
4. Environmental sustainability: Polished concrete is an environmentally sustainable flooring solution, as it eliminates the need for coatings or other harmful chemicals. This makes it an attractive option for commercial and institutional settings where sustainability is a key priority.
5. Health and safety: Non-residential polished concrete is a slip-resistant flooring solution that can help to prevent accidents and injuries in commercial and institutional settings. It is also easy to clean and maintain, which can help to reduce the risk of the spread of germs and bacteria.
6. Regulatory compliance: Non-residential polished concrete is compliant with many building codes and regulations, which can make it an attractive option for building owners and managers who are looking for flooring solutions that meet regulatory requirements.

Non-Residential Polished Concrete Market Regional Analysis

The non-residential polished concrete market can be analyzed regionally as follows:

1. North America: The non-residential polished concrete market in North America is expected to grow due to the high demand for durable and cost-effective flooring solutions in commercial and institutional settings. The region is also home to several key players in the market, which is expected to drive growth.
2. Europe: The European non-residential polished concrete market is expected to witness significant growth due to the increasing demand for sustainable and environmentally friendly flooring solutions. The region is also witnessing a growing trend towards modernization of commercial and institutional spaces, which is driving the adoption of polished concrete flooring.
3. Asia-Pacific: The non-residential polished concrete market in Asia-Pacific is expected to grow due to the increasing demand for cost-effective and low-maintenance flooring solutions in the region. The growing construction industry in countries like China and India is also expected to drive the growth of the market.
4. Middle East & Africa: The non-residential polished concrete market in the Middle East & Africa region is expected to witness moderate growth due to the increasing adoption of modern flooring solutions in commercial and institutional settings. The region is also home to several large-scale construction projects, which is expected to drive demand for polished concrete flooring.
5. Latin America: The non-residential polished concrete market in Latin America is expected to witness moderate growth due to the increasing demand for cost-effective and durable flooring solutions in the region. The region is also witnessing a growing trend towards modernization of commercial and institutional spaces, which is driving the adoption of polished concrete flooring.

Non-Residential Polished Concrete Market Forecast 2030

The non-residential polished concrete market is expected to continue to grow in the coming years, with a forecast period from 2021 to 2030. The market is expected to witness a CAGR of around 6% during this period.The growth of the non-residential polished concrete market can be attributed to the increasing demand for cost-effective and sustainable flooring solutions in commercial and institutional settings. The trend towards modernization of commercial spaces and the growing awareness about the benefits of polished concrete flooring, such as low maintenance, durability, and aesthetic appeal, are expected to drive the growth of the market.In addition, the increasing adoption of green building standards and certifications, such as LEED and BREEAM, is also expected to drive the growth of the non-residential polished concrete market, as it is considered an environmentally friendly flooring solution.The Asia-Pacific region is expected to witness the highest growth during the forecast period, due to the increasing construction activity and the growing demand for cost-effective and low-maintenance flooring solutions in the region. The North American and European markets are also expected to witness significant growth during this period.Overall, the non-residential polished concrete market is expected to witness steady growth in the coming years, driven by the increasing demand for sustainable and cost-effective flooring solutions in commercial and institutional settings.

Non-Residential Polished Concrete Market Industry Key Players

Some of the key players operating in the non-residential polished concrete market include:

1. Polished Concrete Solutions
2. Diamatic USA
3. HTC, Inc.
4. Ameripolish
5. The Sherwin-Williams Company
6. Ardex Group
7. Sika AG
8. BASF SE
9. Elite Crete Systems
10. CTS Cement Manufacturing Corporation

These companies are focusing on various growth strategies such as new product launches, partnerships, collaborations, and mergers & acquisitions to expand their market presence and increase their customer base. For instance, in March 2021, Sika AG acquired Kreps LLC, a US-based manufacturer of decorative and polished concrete products, to expand its product portfolio and strengthen its position in the non-residential polished concrete market.