Global Decorative Concrete Market Insights Forecasts to 2032
- The Global Decorative Concrete Market Size was valued at USD 17.13 Billion in 2022.
- The Market is Growing at a CAGR of 6.2% from 2022 to 2032
- The Worldwide Decorative Concrete Market Size is expected to reach USD 31.3 Billion by 2032
- Asia Pacific is expected To Grow the fastest during the forecast period
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The Global Decorative Concrete Market Size is expected to reach USD 31.3 Billion by 2032, at a CAGR of 6.2% during the forecast period 2022 to 2032.
Decorative concrete is a type of concrete used as both a building medium and an aesthetic decorative element. Decorative concrete enriches simple and standard gray concrete by adding texture, colour, or a combination of both. Decorative concrete is made from a variety of materials, each with its unique properties to provide colour and texture. Decorative concrete is extremely practical and can be utilized in a variety of applications. Decorative concrete can be used to make imitations of wood, ceramic tiles, stone, brick, and various other materials by using overlays, water-based stains, acid stains, pigment hardeners, and other additives. These materials can give residential and non-residential structures a higher resolution, reliability, structural capabilities, and sturdiness. Concrete furniture, outdoor kitchens, garage floors, pool decks, fireplaces, concrete flooring, patios, walls, sidewalks & driveways, and many other applications are among the most popular uses for decorative concrete. A boost in development and new infrastructure activities globally is likely to sustain the growth of the decorative concrete market throughout the forecast duration. Innovations and product advancements by market players with even more diverse design possibilities, on the other hand, are expected to generate a plethora of growth prospects for the decorative concrete market over the forecast time range.
The major key players in the Global Decorative Concrete Market include Huntsman International LLC, Heidelberg Cement AG, RPM International Inc., DuPont, Sika AG, CEMEX, Ultratech Cement Limited, and PPG Industries, Inc. These decorative concrete market leaders are focusing on increasing demand from consumers through targeted expenditures in technological advancement. These organizations intend to expand their product offers, increase quality, and launch novel solutions by investing in research and development initiatives.
For instance, on June 2023, Aramsco, Inc. has announced the acquisition of Lima, Ohio-based EZ Concrete Supply. EZ Concrete Supply is a national distributor of decorative concrete supplies and equipment to specialty contractors. This acquisition will allow Aramsco to broaden its regional reach and provide its customers with a considerably larger product range.
Global Decorative Concrete Market Report Coverage
|Market Size in 2022:||USD 17.13 Billion|
|Forecast Period 2022-2032 CAGR:||6.2%|
|2032 Value Projection:||USD 31.3 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Type, By Application, By End-Use, By Region.|
|Companies Covered:||Huntsman International LLC, Heidelberg Cement AG, RPM International Inc., DuPont, Sika AG, CEMEX, Ultratech Cement Limited, PPG Industries, Inc., S.A.B. de C.V., BASF SE, RPM International Inc., Arkema SA, The Sherwin Williams Company, 3M Company, Deco-Crete, LLC, Seacoast Concrete, Boral Limited, LafargeHolcim Ltd.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The growth and development of the residential and non-residential construction industries are likely to drive demand for the decorative concrete market over the forecast period. Expansion in the construction of new buildings for both residential and business use, as well as an increase in demand for long-lasting, sturdy, and low-maintenance flooring solutions, are expected to drive the decorative concrete market during the projected period. The increased need for stamped concrete, particularly for lodging establishment flooring and other commercial constructions, is a significant reason driving the increase in demand. This is mostly owing to stamped concrete's numerous benefits, such as its visual appeal to floors and resilience to sliding and deterioration caused by excessive traffic. In addition, the rise in green building technology, which is not only eco-friendly but also highly cost-effective by reducing energy consumption, is predicted to foster the adoption of the decorative concrete market. Decorative concrete in green buildings is a realistic alternative because these building supplies are environmentally benign and the oxide coloring substances utilized by these materials do not pollute the environment.
Furthermore, an increase in non-residential renovation and remodeling activities will drive up the market for decorative concrete in forthcoming years. Growing expenditures from the retail industry and residential building industry participants are also likely to drive decorative concrete utilization. The global construction sector has been rapidly expanding as a result of factors such as increasing industrialization, urbanization, and population growth. As a result of these reasons, developing countries such as China and India have seen a surge in construction activity. Expanding building projects in developing nations is likely to lead to the favorable expansion of these countries' construction industries, which can eventually have an advantageous effect on the projected expansion of the decorative concrete market over the forecast period. Additionally, increased demand for the use of 3D concrete printing technologies for minimizing construction waste and cost of labor is likely to fuel decorative concrete market revenue growth during the estimated time frame.
By Type Insights
The stamped concrete segment is dominating the market with the largest revenue share over the forecast period.
On the basis of type, the global decorative concrete market is segmented into the concrete overlays, colored concrete, polished concrete, stamped concrete, stained concrete, epoxy concrete, and others. Among these, the stamped concrete segment is dominating the market with the largest revenue share of 47.6% over the forecast period. With regard to its qualities, it is often utilized for new builds or renovations in the residential sector. It provides a wide selection of items with concrete designs or colors. It is perfect for outdoor applications and is frequently used to adorn pool decks, driveways, courtyards, and patios. It additionally presents a long-lasting, low-maintenance option for improving the aesthetic of surfaces like sidewalks and other applications. This form of concrete is simple for upkeep and inexpensive.
By Application Insights
The floors segment is witnessing significant CAGR growth over the forecast period.
On the basis of application, the global decorative concrete market is segmented into floors, walls, driveways & sidewalks, patios, pool decks, and others. Among these, the floors segment is witnessing significant CAGR growth over the forecast period. Decorative concrete has become increasingly popular to build flooring both inside and outside of construction. Because of its long life, sturdiness, and long-term viability decorative concrete can replace standard flooring materials (such as tiles and plywood). The aesthetically pleasing appearance of the floor, combined with the easy maintenance of decorative concrete, has made it useful for flooring applications. Decorative concrete is a flexible and cost-effective material for producing visually pleasing and long-lasting floors.
By End-Use Insights
The non-residential segment accounted for the largest revenue share of more than 57.2% over the forecast period.
On the basis of end-use, the global decorative concrete market is segmented into residential and non-residential. Among these, the non-residential segment is dominating the market with the largest revenue share of 57.2% over the forecast period. The non-residential category has a larger market for decorative concrete materials, particularly for flooring. Furthermore, the growing adoption of decorative concrete for adding slip-repellent properties to surfaces in pool decks, parking lots, and retail locations is likely to fuel segment growth in sales. The durability, visual appeal, and high-performance features of decorative concrete are driving expansion in the non-residential category. In addition, rising major constructional activities in hotels and cafés to boost consumer presence, consequently promoting customer loyalty and improving accommodation experience, are supporting category revenue development.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with more than 51.3% market share over the forecast period. Technological advancements in the architecture and construction industries are driving the explosive development of the decorative concrete market in North America. The use of attractive and aesthetically pleasing flooring systems in residential areas has been a major driver of the decorative concrete market. In addition, increasing innovation in the construction and building services sector has boosted the popularity of decorative concrete and is likely to promote decorative concrete market revenue development. Furthermore, increased government limitations on pollution prevention and the reuse and recycling of recyclables with little construction waste are likely to boost revenue growth in the North American decorative concrete market over the forecast period.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. This can be attributed to the increased infrastructure upgrades associated with major shifts from rural regions to urban areas in many regional countries. Furthermore, China's decorative concrete market maintained the biggest market share, while India's decorative concrete market became apparent as the Asia Pacific region's most rapidly expanding market. This expansion can be ascribed to these countries' increasing urbanization, infrastructure development, and increasing need for aesthetically pleasing construction solutions.
The Europe market is expected to register a substantial CAGR growth rate during the forecast period. The European decorative concrete market is predicted to expand due to increased demand for individually carved and customized decorative concrete, particularly in the travel and tourist industry. Rising government legislation requiring the installation of ecologically and energy-friendly materials for construction are also projected to encourage the usage of decorative concrete throughout Europe.
List of Key Market Players
- Huntsman International LLC
- Heidelberg Cement AG
- RPM International Inc.
- Sika AG
- Ultratech Cement Limited
- PPG Industries, Inc.
- S.A.B. de C.V.
- BASF SE
- RPM International Inc.
- Arkema SA
- The Sherwin Williams Company
- 3M Company
- Deco-Crete, LLC
- Seacoast Concrete
- Boral Limited
- LafargeHolcim Ltd.
Key Market Developments
- On July 2022, Elvisridge Capital, LLC, has announced the acquisition of Innovative Concrete Technology Corporation ("ICT"), a market leader in coatings, sealants, and systems that rejuvenate, protect, and beautify concrete and hardscapes. Their products are commonly utilized on pool decks, patios, driveways, interior flooring and counter tops, as well as commercial applications such hotels, condominiums, and restaurant floors.
- On August 2022, Trueform Concrete, a Renovation Brands company, has announced the acquisition of JM Lifestyles, the world leader in decorative concrete and wood-like concrete surfaces such as concrete counters, sinks, and tables. Trueform's decorative concrete business gains expanded production capacity and scale, as well as new product and design capability, as a result of this acquisition.
- On May 2021, Sika Corporation announced the merger of Sika Butterfield Color® and Sika® Scofield® to form SikaColor®, SikaCem®, and SikaStamp®, a unified line of Decorative Concrete products. Sika Corporation provides a full range of engineered decorative concrete coloring, texturing, refurbishment, and performance systems under two industry-leading brands: Butterfield Color®, the contractor's choice, and Scofield®, the most specified brand of architectural concrete color.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Decorative Concrete Market based on the below-mentioned segments:
Decorative Concrete Market, Type Analysis
- Concrete Overlays
- Colored Concrete
- Polished Concrete
- Stamped Concrete
- Stained Concrete
- Epoxy Concrete
Decorative Concrete Market, Application Analysis
- Pool Decks
- Driveways & Sidewalks
Decorative Concrete Market, End-Use Analysis
Decorative Concrete Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the Decorative Concrete market?The Global Decorative Concrete Market is expected to grow from USD 17.13 billion in 2022 to USD 31.3 billion by 2032, at a CAGR of 6.2% during the forecast period 2022-2032.
2. Which are the key companies in the market?Huntsman International LLC, Heidelberg Cement AG, RPM International Inc., DuPont, Sika AG, CEMEX, Ultratech Cement Limited, and PPG Industries, Inc.
3. Which segment dominated the Decorative Concrete market share?The non-residential segment in end-use type dominated the Decorative Concrete market in 2022 and accounted for a revenue share of over 57.2%.
4. What are the elements driving the growth of the Decorative Concrete market?The increasing need for stamped concrete for flooring applications and green buildings are among the key drivers boosting the global decorative concrete market's revenue growth.
5. Which region is dominating the Decorative Concrete market?North America is dominating the Decorative Concrete market with more than 51.3% market share.
6. Which segment holds the largest market share of the Decorative Concrete market?The stamped concrete segment based on type holds the maximum market share of the Decorative Concrete market.
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