Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the cementitious flooring market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
cementitious flooring market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional cementitious
flooring market over the short term as well as the long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
cementitious flooring market. According to the report, the global cementitious
flooring market is projected to grow at a CAGR of about 6% over the forecast
period of 2022-2028.
The revenue
generated by the global cementitious flooring
market was approximately USD 1.3 billion in 2022 and is expected to reach
about USD 2 billion in 2028 and is expected to grow with a CAGR of about 6%
over the forecast period 2022-2028. Cement floors are a great choice for almost
any part of the building, especially for outdoor areas. It can be customized
and provides a great alternative to replace traditional floorings such as
porcelain, wood, stone, or marble. Furthermore, the cementitious floor is
durable and easy to maintain. Cementitious floors also have a delightful
texture as well as the floor appears to contain layers and provides the feeling
of depth. It has an industrial design look that is very popular in design
projects, moreover, the cost-benefit is quite attractive. The cementitious floor
is used for internal floors, which is finished by mashing with special trowels.
A cementitious floor obtains greater resistance and a better appearance. Such a
floor is usually used in production halls or warehouses.
The COVID-19
pandemic created disruptions around the world. The viral infection was been
diagnosed in almost all countries around the world. The countries took various
measures, including restrictions on travel, cancellations of public events,
restrictions on private gatherings, and closing of schools, bars, restaurants,
hotels, and many shops. The COVID-19 pandemic and the consequent control
measures affected negatively various sectors including manufacturing and
construction. Construction was one of the worst affected sectors in the world due
to the pandemic crisis. Being a part of the construction industry, the cementitious
flooring market was also affected by the COVID-19 pandemic. Several problems
including supply chain disruptions, shortage of raw material, and limited
workforce during the pandemic hampered the market growth. The COVID-19 crisis
proved to be worse than the previous economic and financial crisis.
The durability and resistance to
heat are major factors that make cementitious flooring ideal across countries
in the world. The increasing demand for cementitious flooring drives market
growth. Cement in floors provides energy benefits as its higher thermal mass
offers thermal stability. The concrete floors eliminate the requirement for
wood and other materials. Cementitious floors can be laid in very large slab
sizes. It provides an uninterrupted and uniform look. Furthermore, the
increasing demand for cementitious flooring with coatings in industrial
locations fuels the market growth. Coatings provide protection and durability for
cementitious flooring. The benefits of cementitious flooring include
eco-friendliness, toughness, durability, long-lasting, low maintenance, design
freedom, slip-resistance, and absence of volatile organic compounds among
others. However, the high costs involved in cement production hamper the
cementitious flooring market. There is a high cost for modifications of the
facilities. Increasing demand for polished cementitious flooring is expected to
provide growth opportunities to the market players. The demand for
non-residential polished concrete floors is increasing as industrial and
commercial facilities require low-maintenance floors with durability to cope
with the heavy loads and movements of equipment, vehicles, and heavy footfall.
Geographically, Asia Pacific
dominates the cementitious flooring market. The demand for cementitious
flooring solutions and products is on the rise in Asia-Pacific due to the
growing construction of residential, commercial, and industrial buildings and
infrastructure. Asia-Pacific is experiencing rapid growth in all dimensions due
to the exuberant growth of countries such as India and China in technology,
construction, and population. Furthermore, the high concentration of companies
offering cementitious flooring solutions and products has propelled the growth
of the market in Asia-Pacific. Growing spending on the renovation of commercial,
residential, and industrial structures is expected to further ignite the demand
for cementitious flooring in the Asia-Pacific region. North America is expected to
be the second largest region in the market due to its new construction
activities in the region.
The report on the global cementitious
flooring market covers segments such as application and end-user. On the basis
of application, the sub-markets include surface treatment, underlayment floor
screeds, and leveling compounds, overlayment industrial screeds and leveling
compounds, terrazzo cementitious binders, and site mixed screed binder and
admixtures. On the basis of end-user, the sub-markets include residential, and
non-residential.
The report provides profiles of
the companies in the market such as Sika AG, MBCC Group, Florock, MAPEI S.p.A,
Tremco CPG Inc., BLACK BEAR COATINGS & CONCRETE, Concare Inc., PSC Flooring
Ltd., EPMS Supplies Ltd., and TMI Coatings, Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the cementitious flooring market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.