Concrete densification & polishing material market is classified on the basis of two categories viz. end-user and product. The materials are used in various end-user sectors including residential, institutional, commercial and industrial. By 2025, residential segment will contribute more than 25% volume share. Countries like China and India will experience tremendous growth in development of residential buildings, driving the product demand.
Concrete Densification & Polishing Material Market will cross USD 450 Million at the end of 2025. Concrete Densification & Polishing Equipment Market will surpass USD 2 Billion by 2025, as per a research conducted.
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Rising construction activities all over the world will trigger the demand for concrete densification & polishing material and equipment during the forecast time span. Especially, rising dominance of the developing nations in global construction activities will create positive outlook for the market demand. The contribution of BRICS nations in global construction sector is likely to reach USD 8 trillion by 2024. Also, infrastructure projects undertaken by various countries for the purpose of urbanization will be a significant factor for market growth in future.
Concrete densification & polishing material and equipment are used in various sectors such as residential, commercial, industrial and institutional. These materials provide additional strength and protection to floors from various contaminants such as moisture and oil, and polishing materials improve the floor appearance, providing it a lustrous effect. Densified and polished concrete is extremely durable, cost-efficient and requires low maintenance.
The market will witness competition from the floor tiles, granite, and other stones, as they provide superior quality finish on the floors, although at significantly higher costs. Based on products, it has three sub-categories including densifiers and hardeners, sealers and crank fillers, and conditioners. Sealers and crank fillers will capture around 15% market in terms of revenue by 2025.
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Concrete densification & polishing equipment market is divided into three sub-categories viz. hand-held, ride on and walk behind floor grinder and polishing machines. Walk behind floor grinder and polishing machine market is likely to generate over USD 1 billion during the forecast time span.
Concrete densification & polishing equipment market in North America is expected to grow with CAGR exceeding 3.5% due to development of infrastructure projects over the forecast period. Asia Pacific, being the fastest growing region will surpass U SD 750 Million by 2025 in terms of equipment. This region will witness increase in residential and commercial construction activities due to population growth.
The major manufacturers of concrete densification & polishing market are Bosch, Klindex, Hilti, Diamatic, Tyrolit, Canzac, Flowcrete Group Ltd, etc.