According to the U.S. Census Bureau and U.S. Department of Housing and Urban Development, around 673,000 residential houses were sold and 332,000 houses are marked for sale by April 2019. This statistic is reflective of the colossal amount of expenditure levied on the construction material used for this purpose. Indicatively, creating a huge scope for the global decorative concrete market to flourish extensively, which earned a revenue income of $9.4 billion as of 2018. The decorative concrete market is growing rapidly with rising inclination towards acquiring aesthetically better interior and exterior housing construction and the upsurge in government approaches for creating planned communities and cities. Additionally, ancillary construction activities such as renovation and repairing and colossal investment in commercial infrastructures will considerably contribute to the global decorative concrete market demand generation. The analytic report suggests that global decorative concrete market demand will grow at a CAGR of 6.54% during the forecast period of 2019-2025.
Stamped concrete segment is evaluated to propel high demand for the decorative concrete market which will increase at a CAGR of 5.23% through to 2025. “Being an economically stable nation with a healthy GDP growing considerably over the years, the construction industry in Europe is elevating rapidly.”, as stated by the IndustryARC expert. Additionally, governmental organizations invest in city maintenance and regulatory aspect of public convenience which largely includes repair and remodeling and construction of parks which includes decorative walkways. Residential houses and office buildings also incorporate unique designer floor, walls, and various other aesthetic concrete surfacing. As a result, Europe held a regional share of 29% in the year 2018.
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Decorative Concrete Market Growth Drivers:
· Surge in infrastructure construction in recent times also expedites the global decorative concrete market demand for designer interior and exterior modelling.
· Increasing ownership for constructed residential houses involves repairing and remodeling works on a large scale, consequently driving the decorative concrete market growth and incrementing the revenue output.
· Rising environmental concerns instils park and community garden construction in urban areas which will facilitate the rise in decorative concrete fitting in the pathways thereby elevating the public demand for the niche market.
Decorative Concrete Market Companies:
The leading players in the global decorative concrete market includes Badische Anilin- und Soda-Fabrik, CEMEX S.A.B. de C.V., The Sherwin-Williams Company, DowDuPont, PPG Industries Inc., 3M Company, Ultratech Cement Limited, Boral Limited, Huntsman International, Sika AG, Arkema SA, and others.
Cemex is a multinational company that distributes building material to more than 50 countries in the world. They provide various concrete product such as cement, aggregates and ready-made concrete, also facilitating building solutions such as green building construction through sustainable materials and designs.
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Decorative Concrete Market Trends:
Unlike the conventional opaque concrete, new optical fiber concrete coating offers a transparent look which is trending in the decorative concrete market rapidly. Additionally, 3D printing concrete offers a wide range of solution for commercial buildings and residential housing with complex physical structuring. As the trend for infrastructure construction with different shapes and patterns is growing, the decorative concrete market is gaining immense popularity worldwide in recent times.
Decorative Concrete Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Decorative Concrete market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of product offerings in the decorative concrete marketplace, and their specific applications in different areas.
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Decorative Concrete Market: Industry Coverage:
The global decorative concrete market can be divided into type, end user, and application. Based on type, segmentation includes Integrally Colored Concrete, Polished Concrete, Stamped Concrete, Stained Concrete, Concrete Overlays, and Others. By end user this market can be bifurcated into Residential and Commercial. Application classification includes Floors, Walls, Driveways, Patios, Plazas, and Others.
The Decorative Concrete market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia.
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