According to a new market report published by Lucintel, the future of the decorative concrete market looks promising with opportunities in the residential and non-residential end use segments. The decorative concrete market is expected to grow with a CAGR of 7% from 2019 to 2024. The major drivers for this market are increasing residential and commercial projects; increasing upgradation, repair & rehabilitation of existing infrastructure; rising urbanized population; and growth in spending capacity.
In this market, different types of concrete, such as stamped, stained, colored, polished, concrete overlays, and epoxy coatings, form an integral part of a building’s structure; these concrete are also used to provide an aesthetic touch to such structures. Stamped concrete is the largest product segment of the decorative concrete market.
Within the decorative concrete market, floors, driveways & sidewalks, walls, patios, and pool decks are the major application segments. The floor segment is the largest application of the decorative concrete market.
Europe will remain the largest region over the forecast period due to growing housing based constructions, which has led to a higher usage of decorative concrete both indoors as well as outdoors, rising implementation of nanotechnology along with other additives and increasing upgradation, repair and rehabilitation of the existing infrastructure.
BASF, PPG, 3M, Du Pont., RPM., Huntsman, Sherwin-Williams, Boral, Cemex, Sika, Ultratech, and Arkema are among the major manufacturers of decorative concrete.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global decorative concrete market by product type, application, end use, and region. Lucintel has prepared a comprehensive research report titled " Decorative Concrete Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the decorative concrete market by product type, application, end use, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
• Stamped Concrete
• Stained Concrete
• Concrete Overlays
• Colored Concrete
• Polished Concrete
• Epoxy Coating
• Others
By Application [$M shipment analysis for 2013 – 2024]:
• Floors
• Driveways & Sidewalks
• Walls
• Patios
• Pool Decks
• Others
By End Use [$M shipment analysis for 2013 – 2024]:
• Residential
• Non-Residential
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o United States
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
• ROW
o Brazil
A report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising potential, high growth opportunities for the decorative concrete market by product type (stamped concrete, stained concrete, concrete overlays, colored concrete, polished concrete, epoxy coating, and others [concrete dyes, engravings, and knockdown finish]), application (floors, driveways & sidewalks, walls, patios, pool decks, and others [ceilings and countertops]), end use (residential, and non-residential), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the decorative concrete market?
Q.5. What are the business risks and threats to the decorative concrete market?
Q.6. What are emerging trends in the decorative concrete market and the reasons behind them?
Q.7. What are some changing demands of customers in the decorative concrete market?
Q.8. What are the new developments in the decorative concrete market? Which companies are leading these developments?
Q.9. Who are the major players in the decorative concrete market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in the decorative concrete market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities did take place in the last five years in the decorative concrete market?