North America Non-Residential Polished Concrete Market Size By Application (New Floors, Retrofit Floors), By End-user (Industrial, Commercial, Institutional), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Mar

North America Non-Residential Polished Concrete Market Size By Application (New Floors, Retrofit Floors), By End-user (Industrial, Commercial, Institutional), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028

The North America non-residential polished concrete market is estimated to witness substantial expansion by 2028 on account of large-scale construction of non-residential buildings across the region. In addition, rising awareness regarding numerous benefits associated with the use of polished concrete is likely to foster industry adoption over the forecast period.

Polished concrete floors are created using a mechanical process of grinding and polishing with the aid of a penetrant chemical to create a variety of textures. Concrete polishing is a multi-step process that necessitates the use of specialized techniques and equipment. Polished concrete offers several benefits, including enhanced natural lighting, better durability, mold and insect resistance, easy maintenance, sustainability, and aesthetic appearance. Burgeoning number of commercial construction projects have augmented industry uptake in recent years.

Notably, industry players have been employing profitable strategies to tap into the emerging trends in the market, which has favorably impacted the overall business outlook of the North America non-residential polished concrete market. For instance, in October 2020, CEMEX, S.A.B. de C.V., a major manufacturer of building materials, launched its novel net-zero carbon concrete, dubbed Vertua, across key markets worldwide. The firm decided to expand its offerings across major markets as a part of its efforts to mitigate climate change and strengthen its position in the global industry.

In another instance, in January 2022, HeidelbergCement, a Germany-based building materials company, announced that Lehigh Hanson, it's North American subsidiary, acquired Corliss Resources, Inc., a major provider of ready-mixed concrete. The deal allowed HeidelbergCement to broaden its business across the U.S. Pacific Northwest.

The North America non-residential polished concrete market has been segmented on the basis of end-user, application, and region. From the application point of view, the market has been further categorized into retrofit floors and new floors. The new floors sub-segment is slated to rise at a CAGR of around 3.9% over the analysis timeline to reach a considerable revenue by the end of 2028. The expanding new commercial construction sector would augment product demand for new floors, which is likely to boost revenue growth of the segment.

In terms of end-user, the North America non-residential polished concrete market has been bifurcated into institutional, industrial, and commercial. The commercial sub-segment is expected to register a sizable market share by 2028, developing at a significant growth rate through the assessment period. Growing construction projects in the commercial sector, such as clubs, hotels, and restaurants, are likely to propel segmental adoption over the following years.

On the regional front, the Canada non-residential polished concrete market is anticipated to expand at a CAGR of more than 3.5% through the study timeframe. The rapid surge in commercial construction activities is set to drive regional market growth in the coming time period. Show more