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North America Non-Residential Polished Concrete Market by Application (New Floors, Retrofit Floors), by End-user (Industrial, Commercial, Institutional), by Country (North America, U.S., Canada), by North America (U.S., Canada) Forecast 2025-2033
The size of the North America Non-Residential Polished Concrete Market was valued at USD 1.03 Billion in 2023 and is projected to reach USD 1.36 Billion by 2032, with an expected CAGR of 4% during the forecast period. The Non-Residential Polished Concrete Market in North America centers on the need for polished concrete flooring options in commercial, industrial, and institutional structures, including offices, retail areas, schools, hospitals, and warehouses. Polished concrete is an extremely durable, low-maintenance, and visually versatile flooring choice that delivers a contemporary, smooth look while offering great resistance to wear, stains, and abrasion. The market is propelled by the growing demand for sustainable, affordable, and durable flooring materials in non-residential building projects. The increasing shift towards sustainable construction methods and energy-saving materials, along with improvements in concrete polishing techniques, is driving the use of polished concrete in commercial and industrial environments. Moreover, the increase in commercial construction projects, such as the creation of office buildings, shopping centers, and medical facilities, is also aiding market expansion. As the need for long-lasting, low-maintenance, and environmentally friendly flooring options continues to grow, the North America Non-Residential Polished Concrete Market is projected to see consistent growth, fueled by technological advancements and increasing construction projects throughout the area.
The market is moderately concentrated with a few dominant players holding a significant market share. Innovation remains a key characteristic, driven by advancements in polishing technologies and eco-friendly solutions. Regulatory compliance, such as meeting industry standards and environmental regulations, influences market dynamics. The availability of cost-effective substitutes, such as epoxy and resin flooring, poses challenges to the polished concrete industry. The end-user concentration is mainly in industrial, commercial, and institutional sectors. Mergers and acquisitions, while not prevalent, occasionally occur to consolidate market positions.
The market offers a range of polished concrete products tailored to specific requirements, including:
Market Size: The market size is expected to reach 1.35 Billion by 2029, reflecting a steady growth trajectory.
Market Share: Major players, such as LafargeHolcim, HeidelbergCement, and Sika Corporation, hold significant market shares due to their global presence and extensive product portfolio.
Growth: The market is projected to grow consistently over the forecast period, driven by rising demand, technological advancements, and sustainability initiatives.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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