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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% during the forecast year.COVID-19 impact on global polished concrete marketThe global polished concrete market is expected to witness the impact of the pandemic on its demand, in 2020-2021.
Moreover, due to the COVID-19, the market is being hampered owing to slowing raw material production, supply chain disruption, hampered trade movements, declining construction demand, and reduced demand for new projects.Polished Concrete Market DynamicsDriver: Increased demand for polished concrete for flooring applicationsThe high demand for polished concrete, especially for constructing hotel flooring and other commercial buildings, is a primary factor resulting in an upsurge in demand.
This is mainly due to the widespread benefits of the polished concrete, such as good esthetic appeal to floors, along with its resistance to skidding and wear & tear caused by heavy footfall.
The cement industry is one of the key producers of carbon dioxide, a potent greenhouse gas.
For the dry concrete polishing method, the surface of the concrete is ground using commercial-scale polishing machines.
Each stage of the process requires a different abrasive polishing disk, often incorporating diamond grit, with coarser textures for earlier stages and finer ones to get the final shine.New construction segment to dominate the polished concrete market in 2019.New construction, by construction type, accounted for the largest demand for polished concrete in 2019, in terms of value and volume.
