Decorative Concrete Market Size, Revenue Growth Trends, Company Strategy Analysis, 2021–2026
The global decorative
concrete market is forecast to reach USD 15.35 Billion by 2026,
according to a new report by Reports and Data. Decorative concrete can be
applied on new or existing surfaces. This concrete is available in a wide range
of choices of designs, color, and texture combinations. Numerous application
methods are possible as well, including thin stamp overlays, acid staining, and
splatter texture. They can even mimic natural stone.
The increasing residential
construction activities across the globe, coupled with the rising population,
are propelling the growth of the market. Rapid urbanization and
industrialization will also drive the demand for decorative concrete during the
forecast period. Construction Industry is a booming industry and is expected to
remain so with the continuation of the development process, especially in the
developing countries. Moreover, the rising investments in smart cities in the
emerging economies will also boost the demand for decorative concrete
worldwide.
Decorative concrete provides
durability, aesthetics, and flexibility to the buildings. They improve the
performance and life expectancy of the concrete. These materials decay at a
slower rate as compared to others. They also help the floors to hold the weight
of heavier loads, as well as withstand other damaging factors such as mold,
weather, and dust. Another significant benefit of decorative concrete is its
low maintenance. Even with all of its tremendous advantages, decorative
concrete is easy to afford, attributed to its lower maintenance and
installation costs.
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Further key findings from the report
suggest
- Among the
product types, floors account for the largest market share of ~25% in the
year 2018 and are anticipated to witness the fastest growth of 6.3% during
the forecast period. Decorative concrete floors are completely
customizable and provide a great alternative to traditional floorings such
as carpet, linoleum, tile, wood, stone, or marble. Color choices,
patterns, textures, and finish options combine for limitless design
possibilities.
- Moreover,
concrete is exceptionally long-lasting, durable, and easy to maintain.
Applying a decorative treatment on existing concrete subfloors is an
affordable and environmentally friendly option.
- Europe held
the largest market share of ~31% in the year 2018. High construction &
infrastructure spending are majorly escalating the demand for decorative
concrete.
- Firms working
to spread decorative concrete globally have been focusing on building a
market in Europe. The cement and concrete sector in Europe also plays an
important role in the global decorative concrete market growth. Moreover,
the increase in public spending has led to dedicated investments in the
infrastructure and construction industry.
- Key
participants include HeidelbergCement AG, Sika AG, Boral Limited,
LafargeHolcim Ltd, BASF SE, Bomanite India, Mcknight Custom Concrete, Inc,
PPG Industries, Inc., Seacoast Concrete, Deco-Crete, LLC, and among
others. The companies have adopted various strategies, including mergers,
acquisitions, and partnerships to hold ongoing trails and come up with new
developments in the market.
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For this report,
Reports and Data have segmented into the global decorative concrete market on
the basis of product type, application, end-user, and region:
Product Type Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Stamped Concrete
- Stained Concrete
- Polished Concrete
- Engraving Concrete
- Others
Application Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Floors
- Patios
- Driveways & sidewalks
- Walls
- Ceiling
End-User Outlook
(Volume, Kilo Tons and Revenue, USD Million; 2016-2026)
- Industrial
- Commercial
- Residential
Market Drivers:
The constant efforts of the prominent
players to develop innovative products and technologies are driving the growth
of the industry. Additionally, the market is witnessing numerous strategic
collaborations and initiatives that are expanding the scope of the market. The
report discusses in detail the factors and elements of the Decorative Concrete
market that are positively influencing the growth of the market.
Regional Analysis:
The report offers clear insights into
the regional bifurcation of the market with regards to the regions where the
market has already established its prominence. Furthermore, it analyzes the key
regions for production and consumption ratio, import/export analysis, supply
and demand dynamics, regional trends and demands, and the presence of prominent
players in each region. The regional analysis segments also offer a
country-wise analysis to offer a panoramic view of the market.
The regional analysis covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of
EU)
· Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
· Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
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Competitive Landscape:
The report offers a comprehensive
overview of the competitive landscape of the market to provide an advantage to
the reader. This segment focuses on the initiatives and innovations adopted by
the key players to gain a strong foothold in the market. The report also sheds
light on mergers and acquisitions, joint ventures, collaborations,
partnerships, and agreements, among others, to offer a better understanding of
the market. The report also offers insights into revenue, gross profit margin,
financial standing, market position, product portfolio, and other vital aspects
of each player. The report also includes a thorough SWOT analysis and Porter’s
Five Forces analysis.
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