According to a new market report published by Lucintel, the future of the decorative concrete market looks promising with opportunities in the residential and non-residential end use segments. The decorative concrete market is expected to grow with a CAGR of 7% from 2019 to 2024. The major drivers for this market are increasing residential and commercial projects; increasing upgradation, repair & rehabilitation of existing infrastructure; rising urbanized population; and growth in spending capacity.
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In this market, different types of concrete, such as stamped, stained, colored, polished, concrete overlays, and epoxy coatings, form an integral part of a building’s structure; these concrete are also used to provide an aesthetic touch to such structures. Stamped concrete is the largest product segment of the decorative concrete market.
Within the decorative concrete market, floors, driveways & sidewalks, walls, patios, and pool decks are the major application segments. The floor segment is the largest application of the decorative concrete market.
Europe will remain the largest region over the forecast period due to growing housing based constructions, which has led to a higher usage of decorative concrete both indoors as well as outdoors, rising implementation of nanotechnology along with other additives and increasing upgradation, repair and rehabilitation of the existing infrastructure.
BASF, PPG, 3M, Du Pont., RPM., Huntsman, Sherwin-Williams, Boral, Cemex, Sika, Ultratech, and Arkema are among the major manufacturers of decorative concrete.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the decorative concrete market by product type, application, end use, and region. Lucintel has prepared a comprehensive research report titled "Decorative Concrete Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the decorative concrete market by product type, application, end use, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Stamped Concrete
Stained Concrete
Concrete Overlays
Colored Concrete
Polished Concrete
Epoxy Coating
Others
By Application [$M shipment analysis for 2013 – 2024]:
Floors
Driveways & Sidewalks
Walls
Patios
Pool Decks
Others
By End Use [$M shipment analysis for 2013 – 2024]:
Residential
Non-Residential
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia Pacific
ROW
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/decorative-concrete-market.aspx or helpdesk@lucintel.com.
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