Report ID: SQMIG15F2055
Report ID:
SQMIG15F2055 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Polished Concrete Market size was valued at USD 2.3 billion in 2021 and is poised to grow from USD 2.42 billion in 2022 to USD 3.60 billion by 2030, at a CAGR of 5.1% during the forecast period (2023-2030).
Global Polished Concrete Market has been experiencing substantial growth and development in recent years. Polished concrete has gained immense popularity as a versatile and sustainable flooring solution across various sectors. This market is being driven by several factors, including the increasing demand for aesthetically appealing and low-maintenance flooring options in residential, commercial, and industrial spaces. Polished concrete offers numerous advantages such as durability, abrasion resistance, easy cleaning, and long-lasting performance, which further contribute to its growing adoption. Additionally, the rising focus on green building practices and sustainability has propelled the demand for polished concrete, as it eliminates the need for additional floor coverings and reduces waste generation. The market is witnessing technological advancements in concrete polishing techniques, equipment, and materials, resulting in improved surface finishes and enhanced efficiency. Geographically, the market is experiencing significant growth in regions like North America, Europe, and Asia Pacific, driven by rapid urbanization, infrastructural development, and increasing construction activities. Moreover, the market is highly competitive, with key players investing in research and development activities to introduce innovative products and gain a competitive edge. Overall, the global market is poised to expand further in the coming years, driven by the ongoing demand for sustainable and visually appealing flooring solutions in diverse industries.
US Polished Concrete Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15F2055