Concrete Densification & Polishing Material Market: Global Growth, Industry Analysis & Forecast to 2025

The concrete densification & polishing material market size is poised to exceed USD 450 million in annual revenues by the end of 2025, The construction sector worldwide is currently dominated by both developed and developing economies. As per estimates, BRICS countries are projected to contribute a mammoth of USD  8 trillion toward the global construction domain by 2024. In addition, the proliferating urbanization trends and the shift from rural areas to cities have generated the demand for proper housing and excellent, durable infrastructure, on account of which numerous regional governments are investing heavily in infrastructural development projects. This in consequence, will have a substantially positive impact on concrete densification & polishing material industry share in the ensuing years.
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The concrete densification & polishing material market too has suffered from this pandemic, right from the lack of supplies of the raw materials to the reduced number of manpower and demand for the finished construction material. But as per new guidelines from the government and nod for resuming businesses, it is expected to regain the momentum of workflow and commence profitable business.
It is likely that concrete densification & polishing material market may have to face stiff competition from granite, floor tiles, and other stones, given that they provide a significantly enhanced finish on floors, in comparison. However, these materials come with high costs, which may push the demand for densified and polished concrete.
With respect to the product landscape, concrete densification & polishing equipment market is segmented into walk behind, hand-held, and ride on floor grinder and polishing machines. As per estimates, Walk behind floor grinder & polishing machine market size has been projected to hit USD 1 billion by 2025.
Considering the end-use spectrum, concrete densification & polishing material market is classified into institutional, industrial, commercial and residential. Of these, the residential segment is estimated to hold close to25% of the industry share in terms of volume. This growth can be credited to the vast expanse of the residential construction sector worldwide, especially across countries such as India and China, where population growth is fueling housing needs.
Given the global expansion of the construction and infrastructural development space, the concrete densification & polishing material and equipment market spans North America, Asia Pacific, Europe, and numerous other continental zones worldwide. Of these, North America concrete densification & polishing equipment market is anticipated to register a CAGR of 3.5% through 2025. APAC concrete densification & polishing equipment market size is also expected to emerge as the fastest growing region, with a projected revenue target of USD 750 million by 2025. This growth in the APAC can be attributed to the extensive residential and commercial construction activities in the emerging economies of the continent.
Some of the major vendors of concrete densification & polishing market include Klindex, Flowcrete Group Ltd, Bosch, Diamatic, Hilti, etc.
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Some Point from Table of Contents:
Chapter 4. Concrete Densification & Polishing Material Market, By Product
4.1. Global concrete densification & polishing material market product insights
4.2. Densifiers & hardeners
4.2.1. Market estimates and forecasts, 2014 - 2025
4.2.2. Market estimates and forecasts by region, 2014 - 2025
4.3. Sealers & crack fillers
4.3.1. Market estimates and forecasts, 2014 - 2025
4.3.2. Market estimates and forecasts by region, 2014 - 2025
4.4. Conditioners
4.4.1. Market estimates and forecasts, 2014 - 2025
4.4.2. Market estimates and forecasts by region, 2014 - 2025
Chapter 5. Concrete Densification & Polishing Material Market, By End-User
5.1. Global concrete densification & polishing material market end-user insights
5.2. Residential
5.2.1. Market estimates and forecasts, 2014 - 2025
5.2.2. Market estimates and forecasts by region, 2014 - 2025
5.3. Commercial
5.3.1. Market estimates and forecasts, 2014 - 2025
5.3.2. Market estimates and forecasts by region, 2014 - 2025
5.4. Institutional
5.4.1. Market estimates and forecasts, 2014 - 2025
5.4.2. Market estimates and forecasts by region, 2014 - 2025
5.5. Industrial
5.5.1. Market estimates and forecasts, 2014 - 2025
5.5.2. Market estimates and forecasts by region, 2014 - 2025
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