A brief overview of the concrete densification & polishing material & equipment market from a regional perspective: Europe to reign supreme in the industry by 2025
Publisher : Fractovia | Published Date : 2019-06-27Request Sample
Rapid expansion of the construction segment has undeniably propelled the revenue graph of the concrete densification and polishing material and equipment market, projected to depict substantial gains over the forthcoming years. The growth of the industry is specifically expected to result from the high demand concrete flooring solutions have been witnessing recently. Concrete floors have indeed become the most popular flooring options for both commercial and residential buildings as they are significantly easier to maintain and, when taken care of consistently, also add significant value to the building from an aesthetical perspective.
Germany Concrete Densification & Polishing Material Market Size, By Product, 2014 - 2025 (USD Million)
Moreover, from a financial standpoint concrete flooring solutions are considerably cheaper as they do not require a floor covering. As they are made entirely out of concrete, they are highly durable and cannot easily be damaged by furniture legs or dropped items, further warranting an exponential growth of the concrete densification and polishing material and equipment market.
Impact of Europe’s recovering construction sector and growing carbon emission initiatives on concrete densification and polishing material and equipment industry
According to EUROCONSTRUCT, the EU construction sector has been growing steadily owing to low interest rates, stifled needs as well as good economic growth. The market is further projected to witness considerable progress over the forecast timeframe owing to increasing demands across Poland, Hungary, Portugal and Ireland.
The Challenge: The concrete densification and polishing material and equipment market in Europe faces a daunting challenge; the EU carbon emission regulations. The regulations would prove to be a major hurdle for the region’s concrete flooring sector as it extensively uses cement, the manufacturing of which is responsible for substantial energy consumption and carbon dioxide emissions.
In fact, CarbonBrief reported that if the cement industry were a nation, it would be termed as the world’s third largest carbon emitter. As a matter of fact, the cement industry generated more than 2.8 billion tons of carbon in 2015 – equivalent to approximately 8% of the global total.
The Solution: According to ETH Zurich, the European cement and concrete industry is set to become more efficient in the years to come. Considering all stages across the value chain, carbon emission reductions of approximately 80% from 1990 levels is achievable by 2050 by making some minor changes to existing practices at a considerably lower financial cost.
The Potential: Driven by the sustainable transformation of the region’s concrete and cement industry, the Europe concrete densification and polishing equipment market is anticipated to record revenues of more than $450 million by 2025 through the uptake of concrete flooring in remodeling practices across commercial and residential sectors.
Impact of APAC’s expanding construction sector on concrete densification and polishing material and equipment industry
The Drivers: According to the World Economic Forum, significant chunk of the APAC concrete densification and polishing material and equipment market demands are expected to come from Southeast Asia, as massive infrastructure projects are being started across the region through healthy doses of investments. Given the fact that concrete flooring is cheaper, more manageable and extremely durable, the market is projected to witness remarkable financial gains across the ASEAN countries over the forecast timespan.
The Numbers: According to Concrete Asia, Thailand is projected to witness one of the largest increase in infrastructural spending, reaching $58.5 billion by 2025. Meanwhile, Indonesia’s spending on infrastructure is expected to hit the $165 billion mark by 2025, whereas the Philippines is planning to spend over $160 billion on infrastructure in coming six years. These development goals would be acting as a high-yield feedstock to offer significant growth opportunities to the concrete densification and polishing material and equipment market.
The MVPs: Despite Southeast Asia’s projected exponential growth, two of APAC’s biggest economies; China and India would be reining prominent in the regional concrete densification and polishing material and equipment market. This can undeniably be credited to India’s expanding real estate sector and the growth of the affordable residential housing projects, along with the China’s planned expansion of the railway sector.
Driven by the decarbonization of the cement and concrete industry in Europe and the infrastructural and residential sector expansions across the Asia Pacific, the concrete densification and polishing material and equipment market is projected to experience considerable advancement in the coming years. According to estimates, concrete densification and polishing material and equipment market size is expected to surpass the $2 billion renumeration mark by 2025.
