BEIJING, June 20, 2022 (GLOBE NEWSWIRE) — The Global decorative concrete market The size accounted for USD 15,248 million in 2021 and is expected to reach USD 25,651 million by 2030 with a considerable CAGR of 6.1% during the forecast period of 2022 to 2030.
The increased frequency of asthma and respiratory disorders has encouraged an increase in the use of attractive concrete in the workplace to promote a safer environment. This is expected to propel the decorative concrete industry further in the years to come. The growing consumer need for safe and pleasant living spaces has led to an increase in the production of patterned stamped concrete. The growing influence of high quality decorative and custom concrete designs is also fueling the decorative concrete market. Several start-ups are investigating state-of-the-art three-dimensional object printing concrete technologies for rapid installation of ornamental concrete, which is expected to increase the acceptability of printed concrete and drive the growth of the global market.
Decorative concrete design is growing in popularity for concrete floors, patios, countertops, entryways and other applications. The transverse and longitudinal surfaces are decorated with stamped, textured, micro-trimming, etched, embedded coatings, form liners, stencils, polished diamonds and other types of ornamental concrete.
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Decorative Concrete Market Report Coverage:
|Market||decorative concrete market|
|Market size 2021||$15,248 million|
|Market Forecast 2030||$25,651 million|
|CAGR During 2022 – 2030||6.1||%|
|Analysis period||2018 – 2030|
|Forecast data||2022 – 2030|
|Segments Covered||By product, by application, by end user and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||WG Wearne Limited, Vicat, Summit Materials, US Concrete, Inc., UltraTech Cement Ltd., Breedon Group plc, CEMEX SAB de CV, HeidelbergCement AG, Boral, LafargeHolcim Ltd., Huntsman International LLC and The Sherwin Williams Company.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Aspects of the growth of the global decorative concrete market
The growing construction industry will almost certainly increase the demand for decorative concrete. Stamped concrete has recently attracted a lot of attention for flooring operations in commercial facilities and restaurants. Stamped concrete enhances the appearance of floors by combining a variety of designs, textures, patterns and markings. It is simple to maintain, has high rigidity and can withstand heavy foot traffic, which promotes its popularity in flooring. Additionally, rising adoption of decorative concrete in both domestic and non-residential segments, along with development in industrial and residential space layout, is expected to fuel the market throughout the forecast period. Additionally, the increased ownership of newly constructed residential or non-residential structures demands massive repair and upgrade operations, driving the decorative concrete industry forward.
However, concerns over unskilled builders and untrained staff who fail to provide quality service are expected to hamper the market revenue development over the forecast period. Due to insufficient training, inexperienced personnel implementing decorative concrete can contribute to a lack of precision finishing, reducing the quality of decorative concrete. This factor is expected to limit the growth of the market. Another issue that should hinder the adoption of beautiful concrete is the application of minimal sealers by inexperienced contractors, which can lead to the coating detaching from the ornamental concrete.
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Stamped concrete for flooring is becoming increasingly popular
The increasing use of decorative concrete in residential buildings and homes has increased the global demand for decorative coatings. The growing demand for stamped concrete, especially for hospitality floors and other commercial premises, is a major factor in this increase. This is mainly due to the many advantages of stamped concrete, including its aesthetic impact on floors and its resistance to slipping and wear resulting from heavy traffic. The consumption of stamped concrete is expected to increase due to the huge investments in residential constructions and the increased industrialization of developing countries in these areas. The growing middle-class population, combined with rising disposable income, has encouraged the boom in middle-class housing construction activity in the region, driving the demand for the decorative concrete market.
Decorative Concrete Market Regional Overview
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global decorative concrete market. During the projected period, Asia-Pacific will be the fastest growing market, followed by North America and Western Europe. The Asia-Pacific region has witnessed rapid growth in residential buildings in countries such as India, Japan, Philippines, Thailand, and Indonesia, which is expected to drive the demand for decorative concrete for residential applications during of the projected period. Infrastructure development in several countries is impacting the regional market demand due to large-scale migration from rural to urban areas. Additionally, due to large-scale development projects and increased spending on contemporary residential spaces, China is the region’s largest consumer of decorative concretes. Also, government support for infrastructure, such as smart city programs in India, is expected to fuel the decorative concrete industry in this region.
Segmentation of the decorative concrete market
The global decorative concrete market has been segmented by Acumen Research and Consulting on the basis of product, application, and end user. Based on product, the market is divided into stamped concrete, concrete coatings, stained concrete, colored concrete, epoxy concrete, polished concrete and others. Based on the application, the market has separated into floors, walls, patios and others. On the basis of end user, the market is categorized into residential and non-residential.
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Key players in the decorative concrete market
Some key players covered globally in decorative concrete industry are WG Wearne Limited, Vicat, Summit Materials, US Concrete, Inc., UltraTech Cement Ltd., Breedon Group plc, CEMEX SAB de CV, HeidelbergCement AG, Boral , LafargeHolcim Ltd., Huntsman International LLC and the Sherwin Williams Company.
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