Market Size of Decorative Concrete Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Decorative Concrete Market Analysis
The decorative concrete market is expected to witness a CAGR of above 6% during the forecast period. The major factors driving the growth of the market studied are the increasing demand for remodeling andrefurbishment activities, strong demand for stamped concrete for flooring, and the growing demand for green buildings. On the flip side, high capital expenditure serves as one of the stumbling blocks in the growth of the studied market.
- The stamped concrete segment dominated the market and is likely to grow during the forecast period, with growing demand from the residential sectors, especially in Asia-Pacific.
- The incorporation of nanotechnology in the production process is likely to provide opportunities for the studied market, during the forecast period.
Decorative Concrete Industry Segmentation
The decorative concrete market report includes:
Type | |
Stamped Concrete | |
Polished Concrete | |
Concrete Overlay | |
Stained Concrete | |
Colored Concrete | |
Concrete Dye | |
Other Types |
Application | |
Footpath and Driveway | |
Patio | |
Pool Deck | |
Floor | |
Wall | |
Other Applications |
End-user Industry | |
Residential | |
Non-residential |
Geography | |||||||
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Decorative Concrete Market Size Summary
The decorative concrete market is poised for significant growth, driven by increasing demand for remodeling and refurbishment activities, as well as a strong preference for stamped concrete in flooring applications. The market is also benefiting from the rising interest in green buildings, which aligns with sustainable construction practices. However, the high capital expenditure required for decorative concrete projects poses a challenge to market expansion. The stamped concrete segment is particularly dominant, with robust demand anticipated from the residential sectors, especially in the Asia-Pacific region. The integration of nanotechnology in production processes is expected to open new avenues for market development during the forecast period.
Globally, the trend of incorporating decorative concrete in residential homes and buildings is fueling the growth of the decorative coatings market. The Asia-Pacific region is experiencing substantial growth in residential construction, driven by countries like India, China, and others, which is expected to bolster the demand for decorative concrete. The expansion of middle-class housing, supported by increasing disposable incomes, further propels market growth. In North America, strong residential construction activity is linked to high housing demand and the trend of nuclear families. Meanwhile, Europe is witnessing a healthy recovery in construction activities, contributing to the rising demand for decorative concrete. In China, government initiatives and infrastructure investments are set to enhance the demand for decorative concrete, particularly in large-scale construction projects. The market remains fragmented, with numerous players like BASF SE, PPG Industries Inc., and others holding small shares, collectively influencing market dynamics.
Decorative Concrete Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Remodelling and Refurbishment Activities
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1.1.2 Strong Demand for Stamped Concrete for Flooring
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1.1.3 Growing Demand for Green Buildings
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1.2 Restraints
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1.2.1 High Capital Expenditure
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Stamped Concrete
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2.1.2 Polished Concrete
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2.1.3 Concrete Overlay
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2.1.4 Stained Concrete
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2.1.5 Colored Concrete
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2.1.6 Concrete Dye
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2.1.7 Other Types
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2.2 Application
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2.2.1 Footpath and Driveway
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2.2.2 Patio
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2.2.3 Pool Deck
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2.2.4 Floor
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2.2.5 Wall
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2.2.6 Other Applications
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Non-residential
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Decorative Concrete Market Size FAQs
What is the current Decorative Concrete Market size?
The Decorative Concrete Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Decorative Concrete Market?
BASF SE, PPG Industries Inc., Sika AG, RPM International Inc. and The Sherwin-Williams Company are the major companies operating in the Decorative Concrete Market.