Decorative Concrete Market
Decorative Concrete Market Forecasts to 2030 - Global Analysis By Type (Stamped Concrete, Stained Concrete, Polished Concrete, Engraved Concrete, Coloured Concrete and Other Types), Design, Surface Texture, Application, End User and By Geography
According to Stratistics MRC, the Global Decorative Concrete Market is accounted for $19.57 billion in 2023 and is expected to reach $26.45 billion by 2030 growing at a CAGR of 6.8% during the forecast period. Decorative concrete is a versatile and aesthetically pleasing building material used in various architectural and landscaping applications. It involves enhancing regular concrete surfaces to achieve desired textures, patterns, and colors. This results in visually appealing finishes resembling natural stone, brick, tile, or wood, at a fraction of the cost. Its popularity continues to grow as it provides an attractive, durable, and cost-effective alternative to traditional building materials.
According to ICRA, rural housing developments and expanding infrastructure activities are likely to spur the overall cement production in India by 12% to 332 metrics tons in 2022.
Market Dynamics:
Driver:
Increasing emphasis on sustainable construction practices
Decorative concrete offers sustainable solutions such as pervious concrete, which facilitates water infiltration, reducing storm water runoff and aiding groundwater recharge. Additionally, its durability and longevity contribute to sustainable construction by minimizing the need for frequent replacements, thereby reducing material consumption and waste generation. As sustainability becomes a key consideration in construction projects, the eco-friendly properties of decorative concrete position it as a preferred choice, driving market growth.
Restraint:
Limited repair options
Decorative concrete often has limited repair options due to the complexity of its designs and finishes, which can be challenging to match precisely. Additionally, repairing decorative concrete without affecting its aesthetic appeal can be costly and time-consuming. These limitations discourage property owners from investing in decorative concrete, particularly in high-traffic areas prone to damage. Consequently, the perception of limited repair options may deter potential customers, leading to reduced demand and hampering the market growth.
Opportunity:
Rapid urbanization & infrastructure development projects
Rapid urbanization and infrastructure development projects create increased demand for aesthetically pleasing and durable building materials. Decorative concrete offers versatile solutions for architectural elements, landscaping, and pavement in urban settings, aligning with the demand for modern, visually appealing structures. Its ability to mimic various materials and withstand heavy usage makes it an ideal choice for enhancing the aesthetic appeal of infrastructure projects, including highways, bridges, and public spaces, thus fueling the expansion of the decorative concrete market.
Threat:
High initial investments
Decorative concrete often necessitates high initial investments due to the specialized equipment, skilled labor, and materials required for customization and installation. The costs associated with training, acquiring moulds, dyes, stamps, and tools can be significant. Additionally, proper surface preparation and application techniques are crucial, necessitating skilled labor, which further adds to the initial expenses. These high upfront costs can deter potential customers, particularly in cost-sensitive markets or during economic downturns, limiting market growth.
Covid-19 Impact
The decorative concrete market faced significant disruptions due to the covid-19 pandemic. Lockdown measures and economic uncertainty led to project delays and cancellations, impacting demand for decorative concrete products. Construction activity slowed down globally, affecting both residential and commercial sectors. Supply chain disruptions and labor shortages further compounded challenges faced by manufacturers and contractors. Additionally, increased focus on home improvement projects and outdoor living spaces during the pandemic contributed to a partial offset of losses in demand.
The minimalist segment is expected to be the largest during the forecast period
The minimalist segment is estimated to have a lucrative growth. Minimalist decorative concrete design emphasizes simplicity, clean lines, and functionality. It utilizes a restrained colour palette and focuses on essential elements, eschewing excessive ornamentation. This design approach often incorporates sleek surfaces, geometric shapes, and natural textures to create a sense of openness and tranquility. It prioritizes the use of space and light to enhance the visual appeal while maintaining a sense of calm and sophistication.
The tile pattern finish segment is expected to have the highest CAGR during the forecast period
The tile pattern finish segment is anticipated to witness the highest CAGR growth during the forecast period. Tile pattern finish in decorative concrete offers a versatile and visually appealing solution for various surfaces. Mimicking the appearance of traditional tile layouts, this technique involves imprinting patterns onto freshly poured concrete. They not only provide an elegant look but also offer durability and low maintenance, making them suitable for both residential and commercial applications, where the combination of style and functionality is desired.
Region with largest share:
The Asia-Pacific region is witnessing significant growth in the decorative concrete market due to rapid urbanization, infrastructure development, and increasing construction activities. Countries like China, India, and Southeast Asian nations are driving demand for decorative concrete in residential, commercial, and industrial sectors. The market growth is further fuelled by rising disposable incomes, changing lifestyles, and a growing preference for aesthetically pleasing building materials. Additionally, government initiatives promoting sustainable construction practices and urban beautification projects contribute to the expansion of the decorative concrete market in the Asia-Pacific region.
Region with highest CAGR:
In North America, the decorative concrete market is witnessing robust growth driven by factors such as increasing construction activities, urbanization, and a growing preference for aesthetically appealing building materials. The region's focus on sustainable construction practices further accelerates the adoption of decorative concrete solutions. With rising consumer awareness and demand for customization, North America presents significant opportunities for manufacturers and suppliers to capitalize on the burgeoning decorative concrete market.
Key players in the market
Some of the key players profiled in the Decorative Concrete Market include BASF SE, Sika AG, LafargeHolcim Limited, RPM International Inc., CEMEX S.A.B. de C.V., Nuvoco Vistas Corporation, Huntsman International LLC, The Euclid Chemical Company, GCP Applied Technologies Inc., Mapei Corporation, PPG Industries Inc., The 3M Company, Ardex Group, Fosroc International Limited, Trinseo S.A., Seal-Krete, Holcim Geostone and Boral Limited.
Key Developments:
In March 2024, Holcim Geostone launched a new range of decorative concrete products to Greater Sydney. The launch highlights over 20 new designer products in a vivid display of colour and sophistication. These are complimented by the latest colour oxides which provide the perfect canvas to hero the local stone.
In February 2024, Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group has widened its operational presence with the inauguration of its second state-of-the-art Ready-mix Concrete Plant (RMX) as Patna-II. Situated strategically at Ranipur Milki Chak, Begampur, bypass, this plant marks Nuvoco's continued commitment for providing top-quality building materials to the Patna region.
Types Covered:
• Stamped Concrete
• Stained Concrete
• Polished Concrete
• Engraved Concrete
• Coloured Concrete
• Other Types
Designs Covered:
• Modern
• Traditional
• Contemporary
• Rustic
• Minimalist
• Other Designs
Surface Textures Covered:
• Smooth Finish
• Rough Finish
• Aggregate Finish
• Wood Grain Finish
• Tile Pattern Finish
• Other Surface Textures
Applications Covered:
• Flooring
• Driveways
• Patios
• Sidewalks
• Walls
• Countertops
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
• Transportation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Decorative Concrete Market, By Type
5.1 Introduction
5.2 Stamped Concrete
5.3 Stained Concrete
5.4 Polished Concrete
5.5 Engraved Concrete
5.6 Coloured Concrete
5.7 Other Types
6 Global Decorative Concrete Market, By Design
6.1 Introduction
6.2 Modern
6.3 Traditional
6.4 Contemporary
6.5 Rustic
6.6 Minimalist
6.7 Other Designs
7 Global Decorative Concrete Market, By Surface Texture
7.1 Introduction
7.2 Smooth Finish
7.3 Rough Finish
7.4 Aggregate Finish
7.5 Wood Grain Finish
7.6 Tile Pattern Finish
7.7 Other Surface Textures
8 Global Decorative Concrete Market, By Application
8.1 Introduction
8.2 Flooring
8.3 Driveways
8.4 Patios
8.5 Sidewalks
8.6 Walls
8.7 Countertops
8.8 Other Applications
9 Global Decorative Concrete Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Industrial
9.5 Transportation
9.6 Other End Users
10 Global Decorative Concrete Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Sika AG
12.3 LafargeHolcim Limited
12.4 RPM International Inc.
12.5 CEMEX S.A.B. de C.V.
12.6 Nuvoco Vistas Corporation
12.7 Huntsman International LLC
12.8 The Euclid Chemical Company
12.9 GCP Applied Technologies Inc.
12.10 Mapei Corporation
12.11 PPG Industries Inc.
12.12 The 3M Company
12.13 Ardex Group
12.14 Fosroc International Limited
12.15 Trinseo S.A.
12.16 Seal-Krete
12.17 Holcim Geostone
12.18 Boral Limited
List of Tables
1 Global Decorative Concrete Market Outlook, By Region (2021-2030) ($MN)
2 Global Decorative Concrete Market Outlook, By Type (2021-2030) ($MN)
3 Global Decorative Concrete Market Outlook, By Stamped Concrete (2021-2030) ($MN)
4 Global Decorative Concrete Market Outlook, By Stained Concrete (2021-2030) ($MN)
5 Global Decorative Concrete Market Outlook, By Polished Concrete (2021-2030) ($MN)
6 Global Decorative Concrete Market Outlook, By Engraved Concrete (2021-2030) ($MN)
7 Global Decorative Concrete Market Outlook, By Coloured Concrete (2021-2030) ($MN)
8 Global Decorative Concrete Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Decorative Concrete Market Outlook, By Design (2021-2030) ($MN)
10 Global Decorative Concrete Market Outlook, By Modern (2021-2030) ($MN)
11 Global Decorative Concrete Market Outlook, By Traditional (2021-2030) ($MN)
12 Global Decorative Concrete Market Outlook, By Contemporary (2021-2030) ($MN)
13 Global Decorative Concrete Market Outlook, By Rustic (2021-2030) ($MN)
14 Global Decorative Concrete Market Outlook, By Minimalist (2021-2030) ($MN)
15 Global Decorative Concrete Market Outlook, By Other Designs (2021-2030) ($MN)
16 Global Decorative Concrete Market Outlook, By Surface Texture (2021-2030) ($MN)
17 Global Decorative Concrete Market Outlook, By Smooth Finish (2021-2030) ($MN)
18 Global Decorative Concrete Market Outlook, By Rough Finish (2021-2030) ($MN)
19 Global Decorative Concrete Market Outlook, By Aggregate Finish (2021-2030) ($MN)
20 Global Decorative Concrete Market Outlook, By Wood Grain Finish (2021-2030) ($MN)
21 Global Decorative Concrete Market Outlook, By Tile Pattern Finish (2021-2030) ($MN)
22 Global Decorative Concrete Market Outlook, By Other Surface Textures (2021-2030) ($MN)
23 Global Decorative Concrete Market Outlook, By Application (2021-2030) ($MN)
24 Global Decorative Concrete Market Outlook, By Flooring (2021-2030) ($MN)
25 Global Decorative Concrete Market Outlook, By Driveways (2021-2030) ($MN)
26 Global Decorative Concrete Market Outlook, By Patios (2021-2030) ($MN)
27 Global Decorative Concrete Market Outlook, By Sidewalks (2021-2030) ($MN)
28 Global Decorative Concrete Market Outlook, By Walls (2021-2030) ($MN)
29 Global Decorative Concrete Market Outlook, By Countertops (2021-2030) ($MN)
30 Global Decorative Concrete Market Outlook, By Other Applications (2021-2030) ($MN)
31 Global Decorative Concrete Market Outlook, By End User (2021-2030) ($MN)
32 Global Decorative Concrete Market Outlook, By Residential (2021-2030) ($MN)
33 Global Decorative Concrete Market Outlook, By Commercial (2021-2030) ($MN)
34 Global Decorative Concrete Market Outlook, By Industrial (2021-2030) ($MN)
35 Global Decorative Concrete Market Outlook, By Transportation (2021-2030) ($MN)
36 Global Decorative Concrete Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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