Worldwide concrete flooring market to reach $2bn by 2031

A study by Allied Market Research has predicted that the global market for cement flooring will almost double in size by the year 2031.

The estimated value of the market was $1.1bn (£920,000) in 2021 and is expected to rise at a compound annual growth rate of 5.9%, making it worth $2 billion (£1.69m) by 2031.

The report notes that concrete flooring is popular in commercial, industrial and residential buildings for its many benefits, which include strength, cost-effectiveness, durability and low maintenance.

Concrete flooring is ideal for areas that have high foot traffic and heavy machinery, as these areas need floors that are not easily damaged. Concrete flooring is also an ideal subfloor in residential properties that can withstand daily wear and tear.

Other reasons given for the forecast include the rapidly expanding economies of China, Brazil and India, where there has been a rapid growth of construction projects and therefore a higher demand for concrete flooring. Meanwhile, the global construction industry is increasingly focusing on sustainable practices that have less impact on the environment. This has led to the development of concrete floor coatings made from renewable materials like corn and soybeans. Concrete flooring has also been developed that reflects light, which saves energy by reducing the amount of artificial light required.

While many buildings have plain, functional concrete flooring, there is an increasing demand for decorative floors customized with a range of colours, patterns and textures.

Finally, the report highlights the ongoing focus on health and safety since the COVID-19 pandemic, which has increased sales of antimicrobial and slip-resistant concrete flooring.