ID: MRFR/CO/3277-HCR | February 2021 | Region: Global | 100 pages
Decorative Concretes Market is expected to grow at a CAGR of 6.2% during the forecast period.
Geographically, the global decorative concrete market has majorly been divided as North America, Europe, Asia Pacific and Rest of the World. Europe, of all the regions, has accounted for the largest market share, in 2016, followed by North America and Asia Pacific. Increasing up gradation, and repair & rehabilitation of the existing infrastructure, are driving the growth of the market in Europe. Germany and the U.K. are the major markets in Europe. In U.K., the construction values of both the public and private sectors are increasing continuously. This will create a huge demand for the market in the future. North America is the second largest region for the market. The U.S. is the major market in North America. Strong development in commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region.
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.
The prominent players in the global decorative concrete market include 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.) and among others.
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.
|Market Size||2027: Significant Value|
|CAGR||6.2% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Decorative concrete market is projected to grow at a 6.2% CAGR between 2017-2023.
The Asia Pacific is expected to lead the decorative concrete market.
The floor segment will dominate the decorative concrete market.
Growing construction sector and increasing remodeling activities are the key factors driving the decorative concrete market.
High cost of treatment may limit the decorative concrete market growth.