Global Decorative Concrete Market – Industry Analysis and Forecast (2019-2026)
Global Decorative Concrete Market was valued at US$ 9.20 Bn in 2019 and is expected to reach US$ 14.50 Bn by 2026, at a CAGR of 6.12% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology:-Request Free Sample Report
Global Decorative Concrete Market Market Dynamics:
Concrete is the most commonly used material for construction across the world. Decorative concrete is regular concrete with the added touch of exclusive coloring, patterns, or finishes.
Growing residential and commercial infrastructure projects, per-capita income of the consumers are the factors, which are increasing demand from construction engineering is a supplementary advantage to the growth for decorative concrete. Additionally, rising private non-residential expenditure such as hotels is also expected to contribute to significant growth in the market. An upsurge in renovation & remodelling and restructuring activities is expected to influence positively on the growth of the market. Furthermore, the high initial cost is hampering the growth of the market.
Decorative concrete is becoming popular owing to its properties such as its extremely durable nature, easy way to maintain, and long life span. Some of the many key players in the decorative concrete market have strong opportunities owing to increasing demand and rapid growth of concrete in end-use applications.
Stamped Concrete segment is expected to dominate the decorative concrete market owing to new residential construction and commercial projects. Stamped concrete is an incessant concrete surface, which can be moulded or marked to appear individual pavers, bricks, stone, or even wood. It is widely used in outside applications such as pool decks, driveways & sidewalks, and patios. Stamped concrete offers the feature such as easy installation and higher strength.
The residential segment is expected to share maximum growth in the global decorative market. 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 a residential application. This shift leads to a growing demand for homes and residential complexes. Furthermore, the commercial segment is projected to hold substantial growth in the decorative concrete market during the forecast period. Improved investment in new commercial constructions and renewal construction projects, upsurge demand for a commercial segment.
The floors' segment is expected to grow at a high rate of CAGR in the decorative concrete market during the forecast period. The growth can be attributed to the numerous benefits offers by floors. Decorative concrete advances the visual appeal of the floors by imparting several textures, designs, patterns, and logos. Decorative concrete offers features such as skid-resistant and high strength, which can withstand heavy foot traffic. These factors are increasing the demand for decorative concrete in-floor segment.
Global Decorative Concrete Market Regional Analysis:
By region, Asia Pacific is expected to share significant growth in the decorative concrete market. In Asia-Pacific, China is projected as the main consumer for decorative concrete in 2019, followed by India. Increasing residential & non-residential construction sector industries are expected to lead the decorative concrete market. The population growth rate in developing countries such as India and China is expected to increase the demand for decorative concrete by 2030. The government funding to the infrastructure such as smart city projects in India for modifying the structure of cities is expected to lead the decorative concrete market in this region.
Global Decorative Concrete Market, Key Highlights:
• Global Decorative Concrete Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Decorative Concrete Market
• Global Decorative Concrete Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Decorative Concrete Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Decorative Concrete Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Decorative Concrete Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-decorative-concrete-market/24040/
The Scope of the Report for Global Decorative Concrete Market: Inquire before buying
Global Decorative Concrete Market, by Type
• Stamped concrete
• Stained concrete
• Concrete overlays
• Colored concrete
• Polished concrete
• Epoxy coating
• Others
Global Decorative Concrete Market, by Application
• Residential
• Commercial
Global Decorative Concrete Market, by End-Use
• Floors
• Driveways
• Walls
• Patio
• Others
Global Decorative Concrete Market, by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Decorative Concrete Market Key Players
• The Sherwin-Williams Company
• Boral Limited
• CEMEX, S.A.B. de C.V.
• Sika AG
• BASF SE
• PPG Industries, Inc.
• 3M Company
• E.I. du Pont de Nemours and Company
• RPM International Inc.
• Huntsman International LLC
• Parchem Construction Supplies
• Lafargeholcim Ltd
• UltraTech Cement Limited
• The Euclid Chemical Company
• Fosroc International
• HeidelbergCement AG
• Hexion Inc.
• Mapei S.p. A
• McKnight Custom Concrete, Inc.
• Bomanite India
• U.S. Concrete Inc.
• W.R.Grace & Co
• Dex-O-Tex
• Covestro AG
This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
