The global decorative concrete market size was US$ 15,248 million in 2021. The global decorative concrete market size is forecast to reach US$ 25,651 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Decorative concrete is the kind of concrete that gives a structure an appealing look. In addition, it is frequently suggested by architects and design professionals. Concrete can be turned into decorative concrete using a variety of methods, such as mixing a variety of materials during the pouring process or adding different colors to enhance the attractiveness of the construction. These materials can give residential and non-residential structures a greater finish, durability, structural capabilities, and strength. Innovative materials now have even more diverse qualities that can readily draw clients thanks to technological developments and new processes.
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Factors Influencing Market Growth
Among the factors driving the global market include a rise in construction and new infrastructural activities worldwide.
The rising disposable income of the middle-class population in emerging nations and the rising consumer preference for structures with strong aesthetic appeal boost the global market growth.
Increased capital investments and the cost of treatment may slow down the overall market growth.
Advances in government reforms and growing foreign investment are forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to prevent the spreading of the virus. This has affected the import and export of construction materials. Additionally, with manufacturers and investors fearing an overly slowing economy, demand for new construction materials has undergone a significant downturn.
Regional Analysis
North America accounted for the major market share in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the increase in technological advances in the architecture and construction sectors. In addition, the use of ornamental and aesthetically pleasing flooring systems in domestic applications. Additionally, growing commercial, residential, and renovation activities and a rising average resident age. Thus, these factors fuel the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global decorative concrete market are:
Sika AG
HeidelbergCement AG
LafargeHolcim Limited
Boral Limited
Bomanite India
BASF SE
PPG Industries, Incorporated
Mcknight Custom Concrete, Incorporated
Deco-Crete, LLC
Seacoast Concrete
Other Prominent Players
Scope of the Report
The global decorative concrete market segmentation focuses on Product, Application, End-user, and Region.
Segmentation based on Product
Stamped Concrete
Concrete Overlays
Stained Concrete
Colored Concrete
Epoxy Concrete
Polished Concrete
Others
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Segmentation based on Application
Interiors floors
Patio and pool decks
Sidewalks and plazas
Driveways
Walls
Segmentation based on End-user
Infrastructure
Residential
Commercial spaces
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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