April 06, 2020
According to the research report titled ‘Concrete Densification & Polishing Material Market Size By Product, By End-User, By Product, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global concrete densification & polishing material market is expected to surpass USD 450 million by the year 2025.
Increasing construction activities across the globe is a major factor driving the growth of concrete densification & polishing material industry. Concrete densification material offers better protection and strength to the floors from numerous contaminants including oil & moisture, whereas the polishing material provide a lustrous effect and improves the floors appearance. The product together offers low maintenance, cost-efficient and durability properties.
The construction sector, especially in emerging economies has been witnessing lucrative growth over the years. Increasing infrastructural development and rapid urbanization are fostering the demand for concrete densification materials and polishing materials across the globe. However, factors such as better quality finish of floor tiles and granite may hinder the market growth.
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As per product type, the report states that sealers & crack fillers segment is expected to hold 15% revenue share by the year 2025.
Citing end-use landscape, residential segment is presumed to acquire 25% volume share by the year 2025, primarily due to increasing development of residential buildings in India and China.
Based on the equipment spectrum, walk behind floor grinder & polishing machine segment is predicted to garner USD 1 billion by the year 2025.
Considering the geographical landscape, the report cites that concrete densification & polishing industry in North America is presumed to expand with a CAGR of 3.5% during 2019-2025, primarily due to increasing infrastructural development. On the other hand, Asia-Pacific market is expected to cross USD 750 million by the year 2025 owing to rapid urbanization and numerous construction activities across the region.
The prominent companies functioning in concrete densification & polishing material industry are Blender Group S.A., DE C.V., Concrete Earth, Markham Global Ltd., Laticrete International Inc., Canzac, W.R. Meadows Inc., Flowcrete Group Ltd. and The Euclid Chemical Co. Whereas in terms of equipment, SASE Company LLC, Linax Co. Ltd., Tyrolit, Diamatic, Changsha Honway Machinery Co. Ltd., Klindex, Hilti, Bosch, The Werkmaster and Husqvarna AB are the market majors.
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