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Concrete Densification, And Polishing Material Market Size | Industry Developments, Outlook, Current Trends by 2025

Author : Rahul Varpe | Published Date : 2020-09-10 

The global concrete densification and polishing material market has emerged as quite a niche business vertical in the last decade or so. This can mainly be attributed to the well-established construction industry worldwide. As the demand for modern residential and commercial establishments grows, the requirement of building material such as concrete will rise as well, pushing concrete densification & polishing material market trends.

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The construction sector worldwide is currently dominated by both developed and developing economies. As per estimates, BRICS countries are projected to contribute a mammoth of USD  8 trillion toward the global construction domain by 2024. In addition, the proliferating urbanization trends and the shift from rural areas to cities have generated the demand for proper housing and excellent, durable infrastructure, on account of which numerous regional governments are investing heavily in infrastructural development projects. This in consequence, will have a substantially positive impact on concrete densification and polishing material market share in the ensuing years.

The reason why concrete densification and polishing material is so important is because they provide excellent strength and ensure protection to the floors from numerous contaminants – such as oil and moisture. Polishing materials are also known to enhance floor appearance and make it look rather lustrous. Densified and polished concrete imparts excellent durability, is highly cost-efficient and needs lesser maintenance, thereby augmenting product demand.

On the basis of the product spectrum, concrete densification & polishing material market is divided into sealers and crank fillers, conditioners, and densifiers and hardeners. Estimates claim sealers and crank fillers segment to accumulate around 15% of the industry share by 2025.

With respect to the product landscape, concrete densification and polishing equipment market is segmented into walk behind, hand-held, and ride on floor grinder and polishing machines. As per estimates, Walk behind floor grinder & polishing machine market size has been projected to hit USD 1 billion by 2025.

Considering the end-use spectrum, concrete densification & polishing material market is classified into institutional, industrial, commercial and residential. Of these, the residential segment is estimated to hold close to25% of the industry share in terms of volume. This growth can be credited to the vast expanse of the residential construction sector worldwide, especially across countries such as India and China, where population growth is fueling housing needs.

Given the global expansion of the construction and infrastructural development space, the concrete densification & polishing material and equipment market spans North America, Asia Pacific, Europe, and numerous other continental zones worldwide. Of these, North America concrete densification & polishing equipment industry is anticipated to register a CAGR of 3.5% through 2025. APAC concrete densification & polishing equipment market size is also expected to emerge as the fastest growing region, with a projected revenue target of USD 750 million by 2025. This growth in the APAC can be attributed to the extensive residential and commercial construction activities in the emerging economies of the continent.

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As per estimates, concrete densification & polishing equipment market is likely to exceed USD 2 billion by 2025.

It is likely that concrete densification & polishing material market may have to face stiff competition from granite, floor tiles, and other stones, given that they provide a significantly enhanced finish on floors, in comparison. However, these materials come with high costs, which may push the demand for densified and polished concrete.

Some of the major vendors of concrete densification & polishing industry include Klindex, Flowcrete Group Ltd, Bosch, Diamatic, Hilti, etc.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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