Non-Residential Polished Concrete Market is Anticipated to Grow at an Impressive CAGR During 2021-2026
October 20th,2021/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Non Residential Polished Concrete Market.
Non Residential Polished Concrete Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Non-Residential Polished Concrete Market is likely to witness an impressive CAGR of 4% during the forecast period.
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Segment Analysis
Based on the application type, the non-residential polished concrete market is segmented into new floors and retro floors. The new floors application segment is estimated to account for a higher market share over the forecast period owing to the product benefits such as cost effectiveness and superior aesthetics compared to other concrete types. The high growth of the segment is owing to the rising demand for the polished concrete products, majorly for warehousing and office applications. Increasing investment in construction activities of non-residential buildings & structures will further propel the market.
Based on the end-user type, the market is segmented into industrial, commercial, and institutional. The commercial segment accounts for the largest market share and increasing product demand in retail stores and hotels serves as the driving factor for the growth of the segment. The US and Europe have reported significant increase in hotel construction, a trend likely to increase the penetration of polished concrete during the forecast period.
In terms of regions, Asia-Pacific is estimated to account for the largest share of the non-residential polished concrete market during the forecast period, owing to the rising new construction and renovating activities of buildings & structure across major countries, coupled with end-users focus on enhancing their existing industrial facilities in order to remain competitive. China and India are the growth engines of the region’s market. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Non Residential Polished Concrete Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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