Europe Non-Residential Polished Concrete Market size exceeded USD 1,524.9 million in 2020 and is anticipated to register a growth rate of 4.2% between 2021 and 2027. The market growth is driven by cost-effectiveness, higher durability, and aesthetic characteristics of polished concrete as compared to other solutions.

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Polished concrete has been witnessing tremendous growth over the past years. The strong growth is attributable to the significantly growing construction industry in the region. Besides, the effective properties of polished concrete make it highly durable and up on regular maintenance, the flooring may last 20 to 30 years. Moreover, the growing demand for aesthetic appeal for buildings, such as hotels, airports, supermarkets, healthcare facilities, and others is substantially contributing to the increasing size of the European non-residential polished concrete industry.

The construction sector is critically important to the European economy as it contributes about 9% of Europe’s GDP. The sector has a significant influence on the economic growth of the region and drives the demand for polished concrete. Additionally, the growing regional population coupled with rising disposable income has been attracting investment in the construction sector. The region is also witnessing investment from industry players, which are focused on expanding their existing facilities and construct new custom plants.

Even though the industry is evolving at a promising growth rate, a few downsides of polished concrete may create challenges for the market players. For instance, as per the National Ready Mixed Concrete Association (NRMCA), 0.93 kg of carbon is emitted for every kg of polished concrete is produced. This may create a necessity for stringent regulations for the manufacturing of the concrete. On the other hand, the outbreak of COVID-19 is expected to decline the sales value of the market. The temporary suspension of construction projects in the region taken as a measure to contain the coronavirus resulted in a contraction in the market size in 2020. According to the report by Graphical Research, a contraction of around 10.5% has been estimated. However, construction activities are taking their previous course post lockdown and will drive the market as well. Considering the trend, the market is predicted to rebound by around 4.3% in 2022.

European Market, By Application

The new floors segment accounted for more than 80% of the industry share in 2020 ascribed to the appealing properties, such as high light reflectivity, improved aesthetics, low maintenance, and ease of cleaning. This is always motivated consumers to adopt polished concrete for new buildings, including hotels, educational centers, corporate offices, and malls, among others. Additionally, the growing investment in new non-residential construction projects will further propel the product demand for the new flooring segment.

European Market, By End-user

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Among the end-users, the commercial segment accounted for the major industry share in the non-residential polished concrete market. It held around 45.9% of the share and is also expected to be the fastest-growing segment with a CAGR of 4.8% till 2027. The robust growth is driven by rising product demand for hotels and retail stores. The hotel construction projects in Europe are growing with a 10% annual growth rate. Moreover, a growing number of aging buildings and more owners looking for renovation activities for restaurants & hotels in several countries of Europe is likely to generate lucrative opportunities for the product manufacturers in the coming years.

Competitive Industry Landscape

The market has a dynamic nature and intensely competitive due to the presence of a large of players. Prominent manufacturers of polished concrete include LafargeHolcim Ltd., HeidelbergCement Group, Breedon Group plc, Vicat SA, CRH plc, ELKON, Triumph, Concria, Polished Concrete Co., and MIKEA s.r.l.

These manufacturers account for a considerable portion of the overall industry share. Additionally, these players are adopting strategic initiatives, such as new product launches, mergers, acquisitions, and production capacity expansion to stay competitive and strengthen their presence in the market. For instance, HeidelbergCement Group announced to reorganize their production facilities in France by investing around USD 400 million into the project. This included automated cement terminals and the conversion of plants.