Decorative Concrete Market Size, Share and Major Industry Players and Forecast to 2028 | Emergen Research - Digital Journal

2022-06-11 01:16:21 By : Ms. Melody Sha

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The Global Decorative Concrete Market is expected to reach a market size of USD 26.99 Billion at a steady CAGR of 6.1% in 2028, according to latest analysis by Emergen Research. The decorative concrete market is witnessing increased demand due to the rising trend of remodeling and renovation to improve aesthetics of outdoor and indoor structures in residential and non-residential sectors. Increase in household and commercial spending and shift in consumer preference towards enhancement of aesthetic appeal of such structures is projected to drive growth of the decorative concrete market.

Decorative concrete is low maintenance and offers high durability and reliability, which is driving rising demand and growth of the market. This concrete has beneficial chemical and weather-resistant properties, and high thermal efficiency, which has resulted in increased demand among various end-uses and applications. Increasing deployment in commercial buildings such as hotels, malls, and office buildings, driven by increasing remodeling and renovation activities to improve the aesthetic appeal of buildings and attract more consumers are factors expected to continue to support market growth. Increase in number of commercial buildings being built each year will also drive market growth going ahead.

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Decorative concrete is more budget friendly as compared to slate and marbles. Decorative concrete allows for unlimited and unique customization to meet specific requirements of building and homeowners. Technological advancements and new and more innovative offerings by market players is expected to open up lucrative growth opportunities for construction and renovation companies during the forecast period.

Global Decorative Concrete Market Report – Table of Contents:

In June 2019, Government of Wichita in Kansas, U.S., announced construction of six new swimming pools and splash pads. These pools will be decorated with decorative concrete to improve visual appeal and safety of pools. The project has a budget of USD 20 million and was ready by Memorial Day 2020.

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Stamped concrete, also known as imprinted or textured concrete, replicates flagstone, slate, brick, and even wood. The variety of color and pattern choices make it popular for beautifying pool decks, patios, driveways, and more. It is also an affordable paving option with less maintenance.

The flooring segment accounted for the largest revenue share among the application segments in 2020. Decorative concrete will be able to replace traditional flooring system, such as plywood and tiles, due to its longevity and durability. Growing demand for enhanced aesthetics of the floor is driving growth of this segment.

Growing usage of decorative concrete in residential sectors is due to various benefits it provides. It is cost-effective, low maintenance, and can be customized according to specific requirement of the customer.

Increasing tourism in European countries will propel the use of decorative concrete in hotels and commercial places. Rise in public infrastructure spending and growing construction activities in the U.K., Germany, and France is also expected to support revenue growth of the decorative concrete market in future.

Emergen Research has segmented the global decorative concrete market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2021–2028)

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Application Outlook (Revenue, USD Billion; 2021–2028)

End-use Outlook (Revenue, USD Billion; 2021–2028)

Regional Outlook (Revenue, USD Billion; 2021–2028)

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