According to Syndicate Market Research, the global decorative concrete market size in terms of revenue was valued at around USD 15.4 billion in 2023 and is expected to reach a value of USD 25.6 billion by 2030, growing at a CAGR of roughly 7.5% from 2024 to 2030. The global decorative concrete market is projected to grow at a significant growth rate due to several driving factors.
Decorative Concrete Market: Overview
Decorative concrete is concrete that has been polished to create an attractive surface. Typically, it is available in a range of tints, patterns, and textures that are employed to create decorative effects. Decorative finishes are commonly applied to ordinary concrete in order to render it suitable for utilization in both interior and exterior design contexts. It is expected that the demand for residential and commercial remodeling and renovation projects will increase in the near future. In the global construction industry, the demand for contemporary and aesthetically pleasing materials for residential, commercial, and industrial structures is rising substantially. This factor is driving the decorative concrete market and has motivated numerous manufacturers of construction materials to produce aesthetically pleasing concretes. Constantly increasing populations in both developed and developing countries exert pressure on the construction industry to purchase more products, thereby driving the growth of the decorative concrete market.
Additionally, the decorative concrete market benefits from the accelerating commercialization and urbanization of the globe. As a result of the pressure on contractors and builders to purchase decorative concrete in large quantities and the introduction of green cement and other sophisticated construction materials, the market for decorative concrete is expanding. In underdeveloped nations, market restrictions may result from factors such as the high cost of treatment and the absence of awareness regarding decorative concrete.
Key Highlights
Based on region, the North American region captured the largest market share in 2023. The advancement of technology within the building and construction industry is the driving force behind the expansion of the North American decorative concrete market.
Global Decorative Concrete Market 2024 Size By Region
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Decorative Concrete Market Dynamics:
Growth Drivers:
The rising need for stamped concrete, specifically for the fabrication of hotel flooring and other commercial facilities, is one of the main drivers of the demand increase. This is mostly due to stamped concrete's many benefits, which include resilience to wear and tear from heavy foot traffic, resistance to sliding, and good visual appeal for floors.
There will likely be a significant rise in demand in the Asia Pacific region as well as the Middle East and Africa. Stamped concrete consumption is expected to rise in these developing countries due to large investments in home development and rapid industrialization. Stamped concrete adds visual attractiveness to buildings and other structures, increasing demand for it in the years to come.
Restraints:
Energy and raw material prices for decorative concrete are fluctuating, and this is predicted to continue. Crude oil and petroleum prices can raise the cost of raw materials, which can raise the cost of decorative concrete coatings, color pigments, cement, adhesives, and sealants. Thus, these components affect decorative concrete prices. Rising raw material costs cause vendors to raise prices or lower profit margins, which hurts market growth.
Opportunities:
Due to non-residential remodeling and refurbishment, decorative concrete demand would rise throughout the projected year. Hotel and resort owners are renovating their buildings to attract more customers and improve lodging quality. JW Marriott opened a Canberra hotel in September 2019. The hotel has the latest design and polished concrete floors, which look great. Decorative concrete adoption is expected to increase due to industry investments in residential building and retail.
Challenges:
The building sector's significant growth should boost decorative concrete sales. In numerous emerging or undeveloped nations, people are less aware of these magnificent concrete uses and their benefits. In rising economies in APAC and South America, decorative concrete materials and solutions' durability, endurance, and flexibility is unknown. To grow, this business must educate customers about decorative concrete's environmental benefits and health benefits.
Decorative Concrete Market: Segmentation Insights
The global decorative concrete market is segmented based on type, application, end-user, and region.
Type Insights
Based on type, the market is separated into colored concrete, epoxy concrete, stamped concrete, polished concrete, stained concrete, concrete overlays, and others. Stamped concrete segment is expected to grow in the decorative concrete industry worldwide during the forecast period. Construction contractors are using stamped concrete increasingly for patios, driveways, roads, and pool decks, growing this industry. Stamped concrete's low cost and durability are helping the segment's revenue grow. Another element driving this industry is the use of stamped concrete for large-area flooring in residential and commercial complexes. Due to the simplicity of installation and decreased labor costs, stamped concrete is expected to grow in popularity. Sustainability and accessibility are driving stamped concrete demand.
Application Insights
By application, the market is divided into driveways, patios, floors, walls, pool decks, and others. The flooring segment will dominate decorative concrete globally by 2030. Decorative concrete can replace tiles and plywood because of its resilience and longevity. With its appealing appearance and easy maintenance, decorative concrete flooring is popular. As more buildings utilize decorative concrete for floors and walls, the segment's revenue is rising. With a vast range of ornamental concrete textures to suit customer tastes for attractive floors and walls, its use is growing. This should improve this segment's growth.
| Report Attributes | Report Details |
|---|---|
| Report Name | Decorative Concrete |
| Market Size in 2023 | USD 15.4 billion |
| Market Forecast in 2030 | USD 25.6 billion |
| Growth Rate | CAGR of 7.5% |
| Number of Pages | 130 |
| Key Companies Covered | 3M Company (US), Arkema SA (France), BASF SE (Germany), Boral Limited (Australia), CEMEX, DuPont (US), HeidelbergCement AG (Germany), Huntsman International LLC (US), PPG Industries Inc. (US), RPM International Inc. (US), S.A.B. de C.V. (Mexico), Sika AG (Switzerland), The Sherwin Williams Company (US), Ultratech Cement Limited (India), and others. |
| Segments Covered | By Type, By Application, and By End User |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2030 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Recent Developments
Decorative Concrete Market: Regional Insights
The growth of the decorative concrete market in North America can be attributed to the advancements in technology within the building and construction sector. There has been a notable increase in the number of single-family homes across various states in the United States, including Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho, and South Carolina. The utilization of flooring systems with visually appealing and decorative elements in residential applications has emerged as a significant market driver for decorative concrete. According to projections, the growth of the North American industry is expected to be fueled by an increase in regional government investments in the construction of commercial buildings.
Decorative Concrete Market: Competitive Insights
Some of the major players in the global decorative concrete market include;
The global decorative concrete market is segmented as follows:
By Type
By Application
By End-User
By Region
Frequently Asked Questions:
What are the key factors driving global decorative concrete market growth?
Urbanization growth and the adoption of environmentally friendly building techniques are expected to propel the decorative concrete market in the coming years.
What will be the CAGR of the global decorative concrete market?
The global decorative concrete market is growing at a CAGR of around 7.5% during the forecast period (2024-2030).
What will be the value of the decorative concrete market during 2024- 2030?
According to Syndicate Market Research, the global decorative concrete market size was estimated at approximately US$ 15.4 billion in 2023 and is expected to generate revenue of around US$ 25.6 billion by 2030.
Which region will drive global decorative concrete market revenue?
North American region will dominate the global decorative concrete market.
Who are the key players operating in the global decorative concrete market growth?
These players adopted different strategies so as to hold major market share in this market. Some of the major players in Decorative Concrete industry includes.
Based on the Decorative Concrete market analysis, North America is predicted to held the highest share in the Decorative Concrete market during the forecast period.
The statistical data of the top market players of Decorative Concrete industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Decorative Concrete industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the Decorative Concrete by segmenting the market based on Product Type, Product Type, and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
The sample for Decorative Concrete market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.
List of Figures
List of Tables
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
The participants who typically take part in such a process include, but are not limited to:
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.
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