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Global Polished Concrete Market to reach USD 3.22 billion by 2027.

Global Polished Concrete Market Size study, by Type (Densifier, Sealer & crack filler, Conditioner), by Method (Dry, wet), by Construction(New construction, Renovation), End use (Residential, Non-residential) and Regional Forecasts 2021-2027

Product Code: OIRBC-87639407
Publish Date: 12-10-2021
Page: 200

Global Polished Concrete Market is valued approximately at USD 2.2 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2021-2027. Polished concrete is multi-step process where a concrete floor get mechanically ground, honed and polished with the bonded abrasives to cut a concrete floor’s surface. The global Polished Concrete market is being driven by growing demand for polished concrete for flooring applications and rise in the demand for cost-effective and green flooring system. Furthermore,and rising construction and building activities owing to rapid urbanization and population growth, will provide new opportunities for the global Polished Concrete industry. For instance, according to Statista, there has been rise in spending in construction industry across the globe, as in year 2018, the total construction spending stood at USD 11.5 trillion which increased to USD 12.5 trillion in year 2020 and it is expected to reach at USD 19.2 trillion by year 2035. As a result, rise in construction industry across the globe, will serve as a catalyst for the Polished Concrete industry in the future. However, instability of raw material prices, may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the reginal analysis of global polished concrete market. The rising technological advancements in the building & construction industry makes the North America the significant region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to usage of shiny, glossy and esthetic appeal flooring systems in residential applications in the region.
Major market player included in this report are:

Ppg industries, inc.
Basf SE
3M company
The Sherwin-williams company
Boral Limited
SIKA AG
Ultratech cement limited
Solomon colors Inc
The Euclid chemical company
Vexcon Chemicals Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Densifier
Sealer & crack filler
Conditioner
By Method
Dry
Wet
By Construction:
New construction
Renovation
By End Use:
Residential
Non-residential

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Polished Concrete Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Polished Concrete Market , by Region, 2019-2027 (USD Billion)
1.2.2. Polished Concrete Market , by type, 2019-2027 (USD Billion)
1.2.3. Polished Concrete Market , by Method , 2019-2027 (USD Billion)
1.2.4. Polished Concrete Market , by Construction Type, 2019-2027 (USD Billion)
1.2.5. Polished Concrete Market , by End use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polished Concrete Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polished Concrete Market Dynamics
3.1. Polished Concrete Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for polished concrete for flooring applications
3.1.1.2. Rise in the demand for cost-effective and green flooring system
3.1.2. Market Restraint
3.1.2.1. Volatility in raw material prices
3.1.3. Market Opportunities
3.1.3.1. Population growth and rapid urbanization translating to large number of construction projects
Chapter 4. Global Polished Concrete Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Polished Concrete Market , by type
5.1. Market Snapshot
5.2. Global Polished Concrete Market by type, Performance – Potential Analysis
5.3. Global Polished Concrete Market Estimates & Forecasts by type 2018-2027 (USD Billion)
5.4. Polished Concrete Market , Sub Segment Analysis
5.4.1. Densifier
5.4.2. Sealer & crack filler
5.4.3. Conditioner
Chapter 6. Global Polished Concrete Market , by Method
a. Market Snapshot
6.1. Global Polished Concrete Market by Method, Performance – Potential Analysis
6.2. Global Polished Concrete Market Estimates & Forecasts by Method 2018-2027 (USD Billion)
6.3. Polished Concrete Market , Sub Segment Analysis
6.3.1. Dry
6.3.2. Wet
Chapter 7. Global Polished Concrete Market , by Construction Type
b. Market Snapshot
7.1. Global Polished Concrete Market by Construction Type, Performance – Potential Analysis
7.2. Global Polished Concrete Market Estimates & Forecasts by Construction Type 2018-2027 (USD Billion)
7.3. Polished Concrete Market , Sub Segment Analysis
7.3.1. New construction
7.3.2. Renovation
Chapter 8. Global Polished Concrete Market , by End Use
c. Market Snapshot
8.1. Global Polished Concrete Market by End-use, Performance – Potential Analysis
8.2. Global Polished Concrete Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
8.3. Polished Concrete Market , Sub Segment Analysis
8.3.1. Residential
8.3.2. Non-residential
Chapter 9. Global Polished Concrete Market , Regional Analysis
9.1. Polished Concrete Market , Regional Market Snapshot
9.2. North America Polished Concrete Market
9.2.1. U.S. Polished Concrete Market
9.2.1.1. By type breakdown estimates & forecasts, 2018-2027
9.2.1.2. Method breakdown estimates & forecasts, 2018-2027
9.2.1.3. Construction Type breakdown estimates & forecasts, 2018-2027
9.2.1.4. End Use breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Polished Concrete Market
9.3. Europe Polished Concrete Market Snapshot
9.3.1. U.K. Polished Concrete Market
9.3.2. Germany Polished Concrete Market
9.3.3. France Polished Concrete Market
9.3.4. Spain Polished Concrete Market
9.3.5. Italy Polished Concrete Market
9.3.6. Rest of Europe Polished Concrete Market
9.4. Asia-Pacific Polished Concrete Market Snapshot
9.4.1. China Polished Concrete Market
9.4.2. India Polished Concrete Market
9.4.3. Japan Polished Concrete Market
9.4.4. Australia Polished Concrete Market
9.4.5. South Korea Polished Concrete Market
9.4.6. Rest of Asia Pacific Polished Concrete Market
9.5. Latin America Polished Concrete Market Snapshot
9.5.1. Brazil Polished Concrete Market
9.5.2. Mexico Polished Concrete Market
9.6. Rest of The World Polished Concrete Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Ppg industries, inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Basf SE
10.2.3. 3M company
10.2.4. The Sherwin-williams company
10.2.5. Boral Limited
10.2.6. SIKA AG
10.2.7. Ultratech cement limited
10.2.8. Solomon colors Inc
10.2.9. The Euclid chemical company
10.2.10. Vexcon Chemicals Inc

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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