Decorative concrete Market size is projected to grow from $9.26 billion in 2017 to reach $12.78 billion by 2022 and forecast to grow at 6.66% CAGR.
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The Decorative Concrete Market is driven by factors such as growth in interest of consumers toward decoration, rapid urbanization, and demand for green buildings.
Factors such as growth in the demand from the end-use sector and rise in the number of renovation &remodeling activities are further driving the demand for decorative concrete. Emerging markets such as the Asia-Pacific region have contributed to the increase in the application of decorative concrete in the construction industry.
High prices for the treatment area is restraining factor for the decorative concrete market.
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The various suppliers of decorative concrete and related products in the report are as follows:
- BASF SE (Germany)
- PPG Industries, Inc. (U.S.)
- 3M Company (U.S.)
- E.I. du Pont de Nemours and Company (U.S.)
- RPM International Inc. (U.S.)
- Huntsman International LLC (U.S.)
- The Sherwin-Williams Company (U.S.)
- Boral Limited (Australia)
- CEMEX, S.A.B. de C.V. (Mexico)
- Sika AG (Switzerland)
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by the North American region. In Asia-Pacific, China is estimated as the largest consumer for decorative concrete in 2017, followed by India.
China, with its growing residential & non-residential sector of the construction industries, is expected to drive the decorative concrete market. The major driving factors of the market in Asia-Pacific are the rise in construction activities and expansion of end-use industries.
China accounted for the largest market for decorative concrete in the region in 2016.
List of Tables
Table 1 Asia-Pacific Urbanization Trend, 1990–2050
Table 2 North America: GDP, By Country, 2015–2022 (USD Billion)
Table 3 North America: Contribution to the Construction Industry,
Table 4 Europe: GDP, By Country, 2015–2022 (USD Billion)
Table 5 Europe: Contribution to the Construction Industry,
Table 6 Asia-Pacific: GDP, By Country, 2015–2022 (USD Billion)
Table 7 Asia-Pacific: Contribution to the Construction Industry,
Table 8 Middle East & Africa: GDP, By Country, 2015–2022 (USD Billion)
Table 9 Middle East & Africa: Contribution to the Construction Industry,
Table 10 South America: GDP, By Country, 2015–2022 (USD Billion)
India has successfully been able to register a significant share in the market for decorative concrete global level. The population growth rate in India is higher than that of China, projecting India as the most populous country by 2030, according to the Office of the Registrar General and Census Commissioner, India; this is driving the growth of the construction, transportation, and infrastructure industries.
Primary interviews were conducted with a number of industry experts to collect data related to different aspects of decorative concrete. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 - 35%, Tier 2 - 30%, and Tier 3 - 35%
- By Designation: C level - 65% and Manager level - 35%
- By Region: Europe - 28%, North America - 25%, Asia-Pacific - 22%, Middle East & Africa - 15%, and South America- 10%
The stained type of decorative concrete is projected to grow at the highest CAGR between 2017 and 2022. The increasing demand from residential and non-residential sectors is driving the growth of the stained concrete segment in the decorative concrete market.
Stamped carpets account for the majority share of the decorative concrete market, since they are extremely durable, easy to maintain, and have longer life span. It is the most common concrete type used to construct floors for both indoor and outdoor applications.
The high demand and rapid growth of this concrete are supported by its easy and quick manufacturing process, coupled with reasonable pricing when compared to other concrete types.
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