Global Decorative Concrete Market
The Decorative Concrete market is a rise in renovation & remodeling activities, consumer interest towards interior decoration, rapid urbanization coupled with the growing demand for green buildings. Decorative concrete is simple concrete with an added touch of unique patterns, finishing and coloring. It is used to provide aesthetic touch in the buildings. Green building uses decorative concrete for enhancing the beauty and sustainability of the buildings. According to the U.S. Green Building Council, green building construction is doubling every three years globally. Further, as per the World Green Building Council Organization, in 2018 countries with the highest percentage of green building projects are Australia, China, and Ireland. Further, as per the source, green building projects are growing at a significant pace among different countries. For instance: In India, green building projects are increasing at a rate of 20-30% yearly. Thus, rising green building projects is driving the adoption & growth of decorative concrete. Furthermore, rising construction activity is expected to create lucrative growth prospects of the decorative concrete market across the globe. However, the high cost of the treatment act as a key restraint for the market during the forecast period.
On the basis of segmentation, the decorative concrete market is segmented into application, type, and end-use sector. On the basis of type segment, the market is sub-segmented into stamped concrete, stained concrete, concrete overlays, colored concrete, polished concrete, epoxy coating, and others, of which stamped concrete segment holds the major share owing to its wide application in an exterior application. The application segment is classified into floors, walls, driveways and sidewalks, patios and others of which floor segment dominates the market owing to decorative concretes stain and good resilience and abrasion resistance makes its highly suitable in-floor segment. On the basis of end-use sector, the market is bifurcated into the residential and non-residential sector. The non-residential sector segment expected to dominate the end-use segment owing to growing investment in commercial construction and renovation projects.
The global Decorative Concrete market valued approximately USD 9.6 billion in 2018 is anticipated to grow with a rate of more than 6.3 % over the forecast period 2019-2026.
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The regional analysis of the decorative concrete market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America, and ROW. Europe holds the leading position in the decorative concrete market. Whereas, Asia-Pacific is expected to emerge as the fastest-growing region in terms of market share. The growth of the Asia-Pacific region is witnessed owing to emerging economies such as India and China, coupled with growing construction activities in the region.
The leading market players include-
BASF SE
PPG Industries, Inc.
3M Company
E.I. Du Pont De Nemours and Company.
RPM International Inc.
Huntsman International LLC
The Sherwin-Williams Company
Boral Limited
Cemex, S.A.B De C.V.
Sika AG
Ultratech Cement Limited
Arkema SA
The Euclid Chemical Company
Heidelbergcement AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type
Stamped Concrete
Stained Concrete
Concrete Overlays
Colored Concrete
Polished Concrete
Epoxy Coating
Others
By Application
Floors
Walls
Driveways and Sidewalks
Patios
Others
End-Use Sector
Residential
Non-Residential
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Decorative concrete Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
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