January 16, 2020
According to the research report titled ‘Decorative Concrete Market Size By Products (Exposed [Quartz, Basalt, Granite], Stamped, Polished, Engraved, Stained), By Application (Walls, Floors, Patios), By End-user (Residential, Non-residential), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the global decorative concrete market is expected to surpass USD 23.8 billion by the year 2026.
Increasing construction activities coupled with rapid urbanization are major factors driving the decorative concrete market growth. Consumers are increasingly focusing on rustic and casual setting in commercial and residential buildings. Multiple concrete color shades which match with ambience and interior design are also easily available, which is supporting product demand.
Increasing awareness pertaining to green infrastructure and growing inclination towards sustainable construction material are stimulating the industry outlook. Evolving architectural trends in consort with rising adoption of affordable and distinctive flooring solutions are aiding the expansion of the market. However, increasing concerns regarding environmental hazards caused during concrete manufacturing may hinder the growth of the decorative concrete market.
As per product type, exposed decorative concrete market segment held a significant share due to product properties such as aesthetic appeal and high durability. Moreover, this type of concrete requires less maintenance and care, and has exceptional heat ventilating properties.
Based on the application spectrum, floors segment dominates the decorative concrete market due to product’s extensive use in non-residential and residential spaces. Concrete floors are mixed with various aggregates that improve its functionality and slip resistance properties. Meanwhile, walls segment is projected to register moderate growth during the forecast period owing to increasing use of precast concrete for suspended concrete wall panels.
Citing the end-use landscape, residential segment is presumed to grow considerably in the forthcoming years. Rising government initiatives to reduce the demand supply gap in housing sector has led to increasing construction activities. Decorative concretes offer various textures and designs which enhances the wall and floor aesthetics, thereby facilitating the business scenario.
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As per the regional analysis, Asia-Pacific decorative concrete market will grow substantially owing to rising per capita income and growing construction industry, especially in India and China.
The prominent companies operating in the decorative concrete market are River Sands Pty Ltd., CRH Plc., Martin Marietta Materials Inc., Oyak Beton, RDC Concrete (India) Pvt. Ltd., WG Wearne Ltd., Summit Materials, Vicat, U.S. Concrete Inc., Breedon Group Pls., Ultratech Cement Ltd., CEMEX S.A.B. de C. V., Boral, Heidelberg Cement AG, and Lafarge Holcim Ltd.
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