Global Decorative Concrete Market is Likely to Grow at a CAGR Value of 5.5% by 2028

The global decorative concrete market size was worth around USD 14.7 billion in 2021 and is estimated to grow to about USD 20.2 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.5% over the forecast period. The report analyzes the decorative concrete market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the decorative concrete market.

A concrete application that only modifies a structure's appearance is known as decorative concrete. Various materials can be used either during the pouring process or after the concrete has dried out to change plain concrete into decorative concrete. For concrete patios, flooring, entryways, worktops, and other surfaces, concrete design is a developing trend. Different types of decorative concrete, such as stamped, textured, integrated, micro-toppings, stencils, engraved, form liners, diamond-polished, and many others, are utilized for horizontal and vertical surfaces.

Over the upcoming years, it is anticipated that increased urbanization and the implementation of green construction principles would drive the global decorative concrete market. Additionally, the market is anticipated to increase in the upcoming years due to the rising use of decorative concrete in the residential & non-residential sectors and the expansion of new residential & commercial spaces. The demand for sturdy, resilient, and low-maintenance flooring products will also probably increase. Additionally, it is projected that increased consumer disposable income and an increase in commercial building rehabilitation operations will offer profitable market expansion prospects. Some limitations and difficulties may prevent the market from expanding. Market limitations may be caused by things like the high cost of treatment and the lack of awareness about decorative concrete in underdeveloped nations.

The global decorative concrete market is segregated based on type, application, end-use, and region. Based on type, the market is divided into stamped concrete, stained concrete, concrete overlays, colored concrete, polished concrete, epoxy concrete, and others (including concrete dyes, engravings, and knockdown finish). With the increased popularity of polished concrete, which had over 18 percent market share in 2021 to enhance the category growth. Based on application, the market is divided into floors, walls, driveways & sidewalks, patios, pool decks, and others (including ceilings and countertops). In 2021, the floor category dominated the market. Based on end-use, the market is divided into non-residential and residential. By 2028, the non-residential sector is anticipated to account for a sizable percentage of the market with to growth of almost 5.6 percent.

During the projection period, the market in North America is anticipated to have the greatest revenue share in the global decorative concrete market. Industry revenue growth is anticipated to be fueled by the significant presence of leading market competitors in the region's nations. The need for decorative concrete is rising as a result of the quick development of technologies utilized in the building and construction sector, which is also anticipated to fuel the decorative concrete market's revenue growth. The development of the North American market is anticipated to be fueled by rising regional government investments in the construction of commercial buildings. Other significant aspects that are anticipated to promote market growth include the rising demand for residential construction and the rising number of nuclear families in North American nations. Additionally, the expansion of the North American decorative concrete market is anticipated to be fueled by escalating government restrictions on environmental safety and the recycling of materials with low construction waste. The biggest market growth rate is anticipated to be in the Asia-Pacific region for religion (CAGR.) The main countries in this region are China, India, and Japan, which explains why. Both residential and commercial construction has increased dramatically in these countries in recent years. The same thing is going in Indonesia, which is also a significant country and economy in the Asia-Pacific area.

Key players functioning in the global decorative concrete market include S.A.B. de C.V., CEMEX, HeidelbergCement AG, DuPont, Ultratech Cement Limited, 3M Company, BASF SE, RPM International Inc., Sika AG, PPG Industries, Inc., The Sherwin Williams Company, Arkema SA, Huntsman International LLC, and Boral Limited.

Recent developments:

• In December 2020, following successful launches in Mexico and Europe, CEMEX introduced Vertua, their brand of low carbon ready-mix concrete, in the United States. Vertua Classic, Vertua Plus, and Vertua Ultra make up the collection. Additionally, the business offers Vertua Classic (which reduces CO2 emissions by 20–30%) in California's Bay Area, Central Valley, Los Angeles, Sacramento, and San Diego. In 2021, the products Vertua Plus and Vertua Ultra are anticipated to launch.
• In November 2020, Sika boosts its manufacturing capacity in the UAE with the completion of a new manufacturing plant in Dubai. Epoxy resins will also be produced locally for the Target Market Flooring in addition to concrete admixtures. Sika invested in the expansion of its manufacturing facilities at the Dubai location to improve production flexibility, accelerate delivery times, minimize inventory, and optimize cost structures.

Browse the full “Decorative Concrete Market By Type (Stamped Concrete, Stained Concrete, Concrete Overlays, Colored Concrete, Polished Concrete, Epoxy Concrete, and Others (Concrete Dyes, Engravings, And Knockdown Finish)), By Application (Floors, Walls, Driveways & sidewalks, Patios, Pool Decks, and Others (including Ceilings and Countertops)), By End-Use (Residential and Non-residential), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/decorative-concrete-market

Global Decorative Concrete Market is segmented as follows:

By Type

• Stamped Concrete
• Stained Concrete
• Concrete Overlays
• Colored Concrete
• Polished Concrete
• Epoxy Concrete
• Others (include concrete dyes, engravings, and knockdown finish)

By Application

• Floors
• Walls
• Driveways & sidewalks
• Patios
• Pool decks
• Others (include ceilings and countertops)

By End-Use

• Residential
• Non-residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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