In accordance with this study, the Global Decorative Concrete Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
The decorative concrete serves as a cosmetic which enhances the aesthetic look of the structure and is an ideal internal flooring solution due to a variety of finishes compiled with excellent durability and strength. Decorative concrete not only offers a decor solution but also embodies all the advanced properties of concrete that support the entire infrastructure such as maintaining slip resistance, improved abrasion resistance and light reflectivity in conjunction with a less maintenance cost.
It can be used across floors, driveways, walls, and walkways to revitalize the structure. Decorative concrete is classified into stamped concrete, decorative overlays, acid staining, concrete countertops, polished concrete and vertical overlays. The utilization of decorative concrete also reduces the need for additional surface coating which may create additional sources of VOC emissions. Decorative concrete also enables the opportunity to add beneficial thermal mass to the building thus increases the capacity to save energy and efficiently aid in the heating and cooling demands. Therefore the usage of decorative concrete increase energy efficiency and reduce the carbon emission with respect to the material reuse as this uses recycled and secondary materials.
The global construction industry is expected to grow by an average of 3.6% a year over the forecast period 2018 to 2022. Global construction output growth will accelerate to +3.6% in 2018, up from 3.1% in 2017, reflecting the recovery in the US as well as general improvements across emerging markets. In South and South-East Asia, for example, construction in India has regained growth momentum, while the pick-up in oil prices has supported the recovery in the Middle East and Africa. Construction activity is gathering momentum across Western Europe with the region’s output set to expand by 2.4% a year on an average from 2018 to 2022. The Middle East and Africa region as a whole will be the fastest to grow with an annual average growth of 6.4% from 2018 to 2022.
Growing population and urbanization, a shift in the populace in the urbanized areas, especially in developing nations are expected to boost demand for decorative material in residential application. This shift leads to a growing demand for homes and residential complexes. However, high initial cost and threat of substitutes may hamper the growth of this industry.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of decorative concrete.
The study offers a decisive view of the global decorative concrete market by segmenting it terms of type, application, and end-user. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Stamped Concrete
- Polished Concrete
- Concrete Overlay
- Stained Concrete
- Colored Concrete
- Concrete Dye
This section covers decorative concrete market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global decorative concrete market along with the individual application segment across all the prominent region.
Global Decorative Concrete Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global decorative concrete market are 3M Company, Arkema SA, BASF SE, Boral Limited, Cemex S.A.B DE C.V., E.I. DU PONT DE NEMOURS AND COMPANY, Ultratech Cement Limited, The Sherwin-Williams Company, Sika AG, RPM International Inc., Huntsman International LLC And PPG Industries, Inc. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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