North America Non-Residential Polished Concrete Market Size

North America Non-Residential Polished Concrete Market Size

North America Non-Residential Polished Concrete Market size valued at USD 1.03 billion in 2021 and will exhibit a growth rate of over 4% from 2022 to 2028. North America is observing a staggering rise in the construction of non-residential buildings, such as lodgings, offices, commercial buildings, healthcare & public safety facilities, and educational institutes, which will contribute to the market growth.

To get key market trends

  Download Free Sample

The rising consumer inclination toward distinctive & affordable flooring solutions is positively influencing polished concrete demand in the non-residential sector. The option of multiple color shades available in polished concrete to match the interior design & ambiance in commercial spaces is escalating the market revenue. The increasing consumer awareness of green construction and energy savings will significantly augment the industry statistics.

The construction of lodgings witnessed significant growth in 2021 driven by the continued economic prosperity, which boosted corporate earnings and business & leisure travel accommodation. Moreover, big projects planned by Apple, Google, Amazon & other corporate giants and investments in amusement & conference centers are expected to spur the polished concrete demand.

Furthermore, growing investments in the construction industry are one of the key factors escalating market expansion. The total industry development is projected to be fueled by heavy government investments in construction & infrastructure projects in the region. The surging private and public commercial construction activities in the U.S. have propelled the polished concrete market demand. In 2018, the U.S. valued at USD 453 billion in terms of private non-residential buildings and USD 295 billion in terms of public non-residential construction.

The polished concrete industry will face challenges owing to the ongoing COVID-19 pandemic. This may be due to the sudden closure of cement & concrete facilities and the declining construction of warehouse & commercial facilities. However, the non-residential construction sector is expected to witness significant growth on account of expanding warehouse, storage, retail, and manufacturing facilities in the U.S. and Canada.