Residential Decorative Concrete Market Forecasts to 2028 – Global Analysis By Product (Polished, Engraved, Stamped, Stained, Exposed, Epoxy, Coloured, Concrete Overlays and Other Products), Application (Floors, Patios, Walls, Pool Decks, Side Walks, Drive Ways and Other Applications) and End User( Residential, Non Residential and others)
According to Stratistics MRC, the Global Residential Decorative Concrete Market is accounted for $16.5 billion in 2022 and is expected to reach $26.05 billion by 2028 growing at a CAGR of 7.90% during the forecast period. Decorative concrete is the utilization of concrete as an aesthetic improvement to a structure. It contains colour hardeners like cement, colour wax, aggregate broadcast, chemical stains, and sealers. Usual mopping or vacuuming will keep the decorative concrete floors clean and dust-free and it lasts for many decades. It provides a number of forms and styles to provide eye-catching appeal.
According to the National Association of Home Builders, decorative concrete is the most recognized and showcasing innovation. This concrete finishes can transform boring utilitarian concrete into expensive-looking without the high-end cost.
Market Dynamics:
Driver:
Increasing remodelling and renovation activity
Increasing ownership for constructed residential houses involves repairing and remodelling works on a large scale which increments the revenue output. Mostly hotels and resort owners are engaged in renovating their outlet structure to improve the customer base and experience. It mostly focuses on restoring something old into good repair. It helps in boosting the return on investments.
Restraint:
Changing architectural trends
Changing architectural and design trends are leading to more remodelling and renovation operations to improve the beauty of indoor and exterior housing structures, which is impacting the market growth. Balancing the client needs and personal design preferences affects the growth and connectivity.
Opportunity:
Growing acceptance of green construction concepts
Green construction is a concept that reduces or eliminates negative impacts, and can create positive impacts, on our climate and natural environment. Decorative concrete provides an opportunity to eliminate the cost of other floor coverings, such as carpeting, polyvinyl, laminates, wood and other wear surfaces that require replacement several times over the life of a building. As decorative cement is perceived as sustainable material it helps in solving environmental problems.
Threat:
Consumer preference for alternatives
Consumer always prefers brand loyalty, quality and price sensitivity. They only prefer as per the attractiveness and design. Once the taste of consumer differ, everything should be remodelled which takes lot of time consumption. They always look for smooth finishing and free of bumps. Cost is the main threat as the customer always prefers the less price product.
Covid-19 Impact
The pandemic of COVID-19 has had a huge impact on the decorative concrete market. This market has been impacted by slowed raw material production, supply chain disruption, impeded trade movements, declining construction demand, and lower demand for new projects as a result of COVID-19.The market witnessed nominal decline and the demand for new projects decreased.
The Non-residential segment is expected to be the largest during the forecast period
The Non-residential segment is estimated to have a lucrative growth, due to the increasing non-residential remodelling and refurbishment operations. It generates major demand for the flooring application. It was mostly preferred for driveways, patios, sidewalks. The rapid demand is due to longevity, esthetic appeal and high performance properties of the concrete.
The stamped concrete segment is expected to have the highest CAGR during the forecast period
The stamped concrete segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its strong aesthetic appeal as well as resistance to sliding and wear and tear caused by heavy footfall. It has major demand in constructing hotel floors and other commercial buildings. It improves the esthetic appeal of an establishment or facility.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to technological advancements in the architecture and construction industries. The use of ornamental and aesthetically pleasing flooring systems in domestic applications has been a major driver of the decorative concrete market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to an increase in commercial projects as well as residential remodelling and renovation activities. Furthermore, the increasing average age of residences is expected to drive the expansion of the decorative concrete market in the region in the forthcoming years.
Key players in the market
Some of the key players profiled in the Residential Decorative Concrete Market include Heidelberg Cement AG, UltraTech Cement Ltd, CEMEX S.A.B. de C.V, LafargeHolcim Ltd, Breedon Group plc, Vicat, Summit Materials, Boral Ltd, RDC Concrete (India) Pvt Ltd, Oyak Beton, WG Wearne Limited, U.S. Concrete, Inc, CRH plc, River Sands Pty Ltd, Martin Marietta Materials Inc, PPG Industries Inc, BASF SE, 3M Company, Dupont, Arkema S.A, RPM International Inc
Key Developments:
In November 2021, UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete.
In November, 2022, DuPont officially launched a new line of wall coverings featuring DuPont™ Tedlar® in New York City. The new wall covering line features six new beautiful and functional patterns in more than 80 colour ways.
Products Covered:
• Polished
• Engraved
• Stamped
• Stained
• Exposed
• Epoxy
• Coloured
• Concrete Overlays
• Other Products
Applications Covered:
• Floors
• Patios
• Walls
• Pool Decks
• Side Walks
• Drive Ways
• Other Applications
End Users Covered:
• Residential
• Non Residential
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 2025, and 2028
- 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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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