Decorative Concrete Market Detailed information on Top players, Industry Size, Trends and forecast
Category: #business  By Rahul Varpe  Date: 2022-11-24
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Decorative Concrete Market Detailed information on Top players, Industry Size, Trends and forecast

The decorative concrete market is estimated to grow exponentially through 2028 driven by surging demand for aesthetic, modern, and durable architectural designs in the product. In addition, rising disposable income, coupled with growing focus on environmentally friendly construction and building materials to reduce overall greenhouse gas emissions, is projected to further augment industry outlook over the forecast period.

Recently, key players in the sector have been investing in including more sustainable products in their offerings to cater to rising climate consciousness among consumers, thereby enhancing overall market dynamics. For instance, in January 2022, HeidelbergCement unveiled a suite of sustainable concrete portfolio under its sustainable concrete brand, EcoCrete. The sustainable decorative concretes offer CO2 reduction within a range of 30-66%. In March 2022, the company also launched a LEILAC 2 (Low Emissions Intensity Lime & Cement) carbon capture initiative with the aim of capturing 20% of carbon emissions, nearly 100,000 tons, annually by 2025.

The global decorative concrete market has been classified into product, application, end-user, and region. Based on product, the market has been further fragmented into stamped, exposed, engraved, stained, polished, and others.

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The stamped segment is expected to grow at approximately 6.4% CAGR between 2022 and 2028. Stamped concrete is available in a variety of design patterns and offers customization options for enhanced visual appeal with conventional as well as personalized designs, which is set to augment product growth through the review timeline.

The decorative concrete market share from the stained segment is anticipated to exhibit around 5.3% CAGR with respect to volume over the study timeframe. Over the forecast period, stained concrete consumption is estimated to increase due to surging demand for patios, commercial roads, parking lots, driveways, and other commercial spaces, such as offices, restaurants, breweries, retail stores, schools and so forth.

Stained concrete floors are widely used in indoor settings for their various benefits like durability, higher flexibility and eco-friendliness. Moreover, the process allows layering colors for a dramatic effect with variegated or marbled effects in light of the current home decor and architectural trends backed by increasing expenditure on renovation activities by consumers. Surging consumer interest in stained concrete floors is foreseen to positively influence segment development.

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In terms of region, the Middle East & Africa decorative concrete market is slated to witness substantial growth at about 5% CAGR in terms of revenue from 2022 to 2028. Rapidly escalating project development initiatives focused on long-term advancements in the transportation and tourism infrastructures are primed to promote product adoption in the MEA region.

Moreover, the Middle East & Africa (MENA) region is observing a massive shift towards public transport services with mounting investments to boost public transport and infrastructure projects. The region has also emerged as a lucrative landscape for sustainability-focused mobility services, which is speculated to boost regional decorative concrete market development in the future.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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