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Decorative Concrete Market Rapidly Growing in Aerospace, Compet

  • Posted by Jenny Reddy February 24, 2022 - Filed in Arts & Culture - #Decorative Concrete Market  - 459 views

    Concrete is the most commonly used construction material all over the world. Decorative concrete is simply regular concrete with an added touch of unique coloring, patterns, or finishes. Growing construction sector, across the globe is driving the growth of the market. The recent increase in new construction start-ups, is leading to an increase in demand for decorative concrete. Additionally, the rise in the private non-residential spending such as hotels, is also expected to contribute in the growth of the market. Increase in renovation & remodeling activities, is also a positive influence on the growth of the market. However, the high cost of treatment of decorative concrete, may hamper the growth of the market.

    Hence, global decorative concretes market is expected to grow at a CAGR of 6.2% during the forecast period.

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    Asia Pacific is expected to grow at the highest CAGR during the forecast period. Increase in construction activities in countries such as China, Japan, India, and Indonesia in Asia Pacific region, is the major factor fuelling the growth of the market. Additionally, increase in industrialization, rising urbanized population, and growth in spending capacity are the factors favoring growth of the market in Asia Pacific region. China is one of the leading markets in the Asia Pacific region. Chinese Government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing. This helped the recovery of commercial housing market, which is expected to be a positive influence on the growth of the market.

    For the purpose of this study, the global decorative concretes market has been divided into three segments such as by type, application and by end use. On the basis of types, the market has been segmented as stamped concrete, stained concrete, concrete dyes, polishing concrete and others. Among types, stamped concrete accounts for the largest market share. Stamped concrete is a continuous concrete surface that has been molded or stamped to appear very much like individual pavers, bricks, stone, or even wood. It is widely used in the exterior applications such as pool decks, driveways & sidewalks, and patios. The demand and rapid growth of stamped concrete are supported by its easy installation and higher strength. On the basis of end use, the market has been segmented as floors, driveways, walls, patios, and others. Among end-use, the floor segment accounted for the largest market share. It is projected to grow at the highest CAGR during the forecast period. Based on applications, the market has been segmented as residential and non-residential. Residential segment accounted for the largest market share. Due to increasing population and urbanization, there has been a shift in the population in the urbanized areas, especially in developing nations. This transition leads to the increasing demand for homes and residential complexes. This drives the demand of the market from this sector. Non-residential segment is projected to grow at the highest CAGR during the forecast period. Increased investment in new commercial constructions and renovation projects, increase demand from this sector.

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    Sika AG (Switzerland)
    HeidelbergCement AG (Germany)
    LafargeHolcim Ltd (Switzerland)
    Boral Limited (Australia)
    Bomanite India (India)
    BASF SE (Germany)
    PPG Industries, Inc. (U.S.)
    Mcknight Custom Concrete, Inc.(U.S.)
    Deco-Crete, LLC (U.S.)
    Seacoast Concrete (U.S.)

    Scope of the Report:

    This study provides an overview of the global decorative concrete market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global decorative concrete market by its by type, by application, by end use and region.

    By Type:

    Stamped Concrete
    Stained Concrete
    Concrete Dyes
    Polishing Concrete
    Others

    By Application:

    Residential
    Non-residential

    By End Use:

    Floors
    Driveways
    Walls
    Patios
    others

    By Region:

    North America 
    Asia Pacific 
    Europe
    Rest of the World  

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    Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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