Decorative concrete is one of the key trends ruling the concrete industry. It finds wide application in concrete floors, countertops, pool decks, concrete patios, entryways, and more. The traditional concrete being grey and boring, started to lack the category of customers who looked for a material having aesthetic appeal. Decorative concrete market is gaining increasing popularity across the world owing to its extra touch of finishes, coloring, and unique patterns. It is extensively used in commercial buildings such as hotels, malls, and office buildings. They invest a substantial amount on concrete to maintain the visual charm of their advanced facilities. Decorative concrete is also incorporated in constructing cycle paths, unlit roundabouts, walkways, garden paths, and pavements.
The emerging construction industry around the globe is also playing an active role in propelling its market growth. The growth in construction start-ups has led to spurring demand for decorative concrete. This variety of concrete is lucrative for reasons such as enhanced indoor air quality, aesthetic improvement, and skid resistance. Additionally, the increasing renovation and remodeling activities is a key reason behind the market growth of decorative concrete. The development of the decorative concrete market can also be attributed to its abrasion, resilience, and stain resistance. The robustness of decorative concrete makes it an appropriate material for being used in heavy foot traffic areas too.
The global decorative market is expected to expand at an impressive 6.2% CAGR over the forecast period 2018-2023.
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The global decorative concrete market is dominated by key players such as Deco-Crete, Seacoast Concrete (US), Mcknight Custom Concrete Inc (US), LLC (US), BASF SE (Germany), PPG Industries Inc (US), Boral Limited (Australia), Bomanite India (India), HeidelbergCement AG (Germany), Sika AG (Switzerland), and LafargeHolcim Ltd (Switzerland).
As per the recent reports published by Market Research Future, the global Decorative Concrete Market has been segmented based on application, end use, and type. Based on applications, the global decorative market is segmented into residential and non-residential categories. The residential segment represents the largest share applications segment. The growth is owing to the rapidly increasing population coupled with urbanization. Based on end use, the market has been segmented into walls, patios, floors, and driveways. Of all, the floor segment holds the largest market share and is estimated to expand at maximum CAGR during the forecast period. Based on type, the market is segmented into concrete dyes, polishing concrete, stamped concrete, and stained concrete. Under this segment, the stamped concrete holds the largest market share. It has concrete surface which has been molded or stamped to make it look like bricks, stone, wood, and individual pavers. The demand of stamped concrete is rising on account of its ease of installation and strength.
Geographically, the global decorative concrete market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Out of all the regions, Europe market holds the maximum share and followed by Asia Pacific and North America. Repair and restoration of the present infrastructure and instances of upgradation are the significant driving forces behind the propelling demand of decorative concrete in Europe market. Germany and the UK are the primary markets in Europe. The UK market is experiencing increasing construction value both in public and private sectors which in turn, is encouraging the growth of decorative concrete sector. North America holds the second largest share in the global decorative concrete market. Within North America, the US dominates the decorative concrete market. The rapid development in the commercial and residential structures is estimated to surge the demand for decorative concrete in the US market. Asia Pacific holds the third largest share in the global decorative concrete market. The increasing real estate projects in Japan, China, Indonesia, and India is a vital factor that is driving the demand for decorative concrete in the Asia Pacific market.
Scope of Report
The report for Global Decorative Concrete Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/value Chain Analysis
3.4 Porter’s Five Forces Analysis
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