Decorative Concrete Market Forecast | 2022-2028

Market Insights

The Decorative Concrete Market is estimated to grow from US$ 16.20 Billion in 2021 to US$ 24.13 Billion by 2028 at a CAGR of 5.82% during the forecast period of 2022-2028.

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What is Decorative Concrete?

Decorative concrete is made up of standard concrete, also comprised with different chemicals and components that are used to alter its color, texture, and appearance. It is created through a finishing process that provides an aesthetic quality to the concrete.

Decorative concretes are best used by the decorative experts for implementing various textures, patterns, and colors in the floors and increase their beauty.

Decorative concretes are also considered as cost-effective substitutes for bricks, natural stones, and other construction elements which are otherwise expensive.

Market Drivers

The prime factor that is contributing to the growth of the market are-

• The rising demand for green buildings.
• The renovative activities.
• The increase in consumers’ interest for interior decoration.
• The rapidly increasing urbanization.

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Key Players

Some of the major players in the Decorative Concrete market are-

• Arkema S.A.
• PPG Industries, Inc.
• Ultratech Cement Limited
• BASF SE
• E.I. Du Pont De Nemours and Company
• Huntsman International LLC
• RPM International Inc.
• Sika AG
• The 3M Company
• The Sherwin-Williams Company

Segments Analysis

Concrete Trends

The Polished Concrete held the largest share >18.6% of the market as it has been observed that there is a surge in the adoption of stamped decorative concrete on account of the new residential construction and commercial projects.

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The decorative concrete market is segmented as stamped concrete, stained concrete, concrete overlays, colored concrete, polished concrete, epoxy coating, and others. Decorative concrete provides lucrative features, such as aesthetic enhancement, improvement of indoor air quality, and skid resistance.

Stamped concrete can be installed easily and has a higher strength, which in turn, increases its demand and growth rapidly. Additionally, the growth of the construction industry also provides an opportunity to the market to grow further.

Application Trends

The Floors segment is expected to be the fastest-growing segment of the market during the forecast period.

The market is segmented as floors, walls, driveways and sidewalks, patios, and others. Floors offer various benefits which increase their demand. A wide variety of textures, patterns, designs, and logos can be imparted to decorative concretes, which enhances the aesthetic appeal of floors.

The capability of decorative concrete to offer skid-resistance and high strength makes it more preferable, as it withstands heavy foot traffic, which in turn, increases its demand for the floors’ segment.

Regional Analysis

Europe held the largest share of the market in 2021, with Germany, France, and the UK being the major countries with lucrative growth opportunities. 

Germany accounted for the largest share of the market in the region in the year 2021, followed by France. On the other hand, the UK is estimated to be the fastest-growing country in the European region, owing to the increase in the number of housing activities in the country during the forecast period.

The European market has been a leader, considering the factors such as product innovations, in terms of quality and application development processes.

Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.

The market is segmented into the following categories. 

By Concrete Type

• Stamped Concrete
• Stained Concrete
• Concrete Overlays
• Colored Concrete
• Polished Concrete
• Epoxy Coating

By Application Type

• Floors
• Walls
• Driveways and Sidewalks
• Patios
• Others

By End-User Sector Type

• Residential
• Non-Residential

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.