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Europe Non-Residential Polished Concrete Market Prophesied to Growth at USD 1.9 Billion by 2027

Author : Ronak Bora | Published Date : 2021-09-03 

Europe non-residential polished concrete market size has witnessed notable gains in recent years, with consistent investments in the regional construction sector. The material offers key benefits like higher durability, improved maintenance. Flooring completed using polished concrete can last up to 20-30 years. Commercial buildings like supermarkets, hospitals, hotels and airports are demanding more aesthetically appealing structures, driving polished concrete consumption.

During the COVID-19 pandemic, the global construction sector suffered to do project halts and supply chain disruption. The impact of the crisis has slowed down regional polished concrete market forecast as demand from new construction applications declined. But the gradual improvement in economic conditions with vaccination roll outs and lifting of restrictions on outdoor business activities will reinforce non-residential polished concrete industry outlook in Europe.

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Notable companies in the regional market include Concria, Breedon Group, LafargeHolcim Ltd., Polished Concrete Co., HeidelbergCement Group and ELKON, among others. Europe non-residential polished concrete market size is expected to reach $1.9 billion by 2027.

Strong demand across the commercial sector

Polished concrete is utilized across industrial, commercial and institutional applications. Europe non-residential polished concrete market share form the commercial segment is expected to register around 4.8% CAGR up to 2027. The region witnesses a high number of commercial projects like retail outlets, manufacturing plants and healthcare facilities. Significant rise in healthcare expenditure as well as an increased number of educational institutes will augment Europe non-residential polished concrete industry share.

During October 2020, the U.K. prime minister had announced a huge budget for building around 40 hospitals up to 2030, with improved standards of care. Further contracts may be given under the scheme to boost the regional healthcare sector. Similar efforts to expand medical access in the region will bolster the scope of Europe non-residential polished concrete market, as new buildings will require durable materials.

New flooring applications to command the market

Polished concrete has the ability to enhance the aesthetics of a new building and keep it that way for a longer time, while also boosting light reflection, making it easier to clean and cheaper to maintain. These factors motivate consumers to use the material for new floors in hotels, universities and colleges, large corporate office buildings as well as malls. New flooring applications held nearly 80% of Europe non-residential polished concrete market share during 2020 and will keep gaining momentum over the coming years.

Germany to be a key polished concrete consumer

Germany non-residential polished concrete industry size is anticipated to expand at around 6.2% CAGR over 2021-2027. The country has a large number of older buildings that are in need of restoration, driving the use of polished concrete for retrofitting purposes. Infact, the European Parliament has informed that over 35% buildings across the EU are aged over 50 years, whereas about 110 million buildings in the region need renovation or remodeling work.

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Europe is home to some of the most visited tourist spots, impacting the regional hospitality industry. As such, the development of hotels and other commercial properties has been consistent across the continent. Polished concrete has become a key material used to develop aesthetically pleasing structures that are also easy to maintain. Europe non-residential polished concrete market will expand with constant rise in new building projects, increasing immigration and the demand for modern healthcare infrastructure.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.2    Market estimation & forecast parameters

1.3    List of Data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Europe Non-Residential Polished Concrete market snapshot

Chapter 3   Europe Non-Residential Polished Concrete Industry Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2017 – 2027

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1700/europe-non-residential-polished-concrete-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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