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Decorative Concrete Market - By Product (Exposed [Quartz, Basalt, Granite], Stamped, Polished, Engraved, Stained), By Application (Walls, Floors, Patios), By End-user (Residential, Non-residential) & Forecast, 2022-2028

  • Report ID: GMI3689
  • Published Date: Apr 2022
  • Report Format: PDF

Decorative Concrete Market Size

Decorative Concrete Market size valued at USD 15.3 billion in 2021 and is estimated to exhibit around 5.9% CAGR from 2022 to 2028. The aesthetic properties of decorative concrete along with the ability to withstand tough traffic loads and rough environmental conditions are key growth enabling elements of the industry.
 

Decorative Concrete Market

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The rising spending on architecturally designed buildings is boosting the number of renovation & remodeling projects, which in turn, are fueling the consumption of decorative concretes across the globe. The decorative concrete industry is anticipated to grow faster in the next few years as a result of targeted investments in residential & commercial infrastructure development by various government entities in emerging economies. For instance, according to ICRA, rural housing developments and expanding infrastructure activities are likely to spur the overall cement production in India by 12% to 332 metrics tons in 2022.
 

Polished decorative concretes to gain a solid market share

The decorative concrete market is poised to observe substantial growth through 2028 due to the growing adoption of polished concrete, which accounted for over 18% share in 2021. Furthermore, the simplicity of cleaning and availability of a wide range of colors & designs are assisting product penetration in the market, consequently increasing the market size.
 

Decorative Concrete Market Analysis

Decorative Concrete Market Share, By Application

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The decorative concrete market from floor application accounted for roughly USD 8.5 billion in revenue in 2021. The floors segment is set to maintain its dominance owing to factors such as the increasing use of polished & engraved concrete in retail establishments and hospitality complexes. Home renovation & remodeling operations along with growing trend among consumers to convert existing floors into works of art will extend the segment size.
 

 

Decorative Concrete Market Share, By End-user

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The decorative concrete sector is fueled by an increase in commercial renovation & remodeling activities. As a result, the non-residential category is slated to capture a significant portion of the entire market by 2028 with nearly 5.6% gains. Constant modification & expansion by hoteliers to showcase their customer base and improve their customer experience are contributing to the rising demand for decorative concretes.
 

 

Decorative Concrete Market Share, By Region

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Asia Pacific decorative concrete market is poised to hold about 35% of the revenue share by 2028. Infrastructural developments in line with large-scale shifts from rural to urban areas in various countries are influencing regional market demand. Moreover, China is the leading consumer of decorative concretes in the region owing to large-scale construction projects and growing spending on architectural residential spaces. However, numerous steps adopted by the China National Urbanization Plan on New Urbanization (CNUPNU) body to augment the urban population in the coming years will further provide a new growth engine to the regional market.
 

Decorative Concrete Market Share

Some of the prominent players in the market include:

  • WG Wearne Limited
  • Summit Materials
  • Vicat
  • U.S. Concrete Inc
  • Breedon Group plc
  • UltraTech Cement Ltd
  • CEMEX S.A.B. de C.V Boral
  • HeidelbergCement AG 
  • LafargeHolcim Ltd
     

To strengthen the position, companies are implementing various strategies. For instance, in July 2021, LafargeHolcim Ltd. acquired Firestone Building Products, a division of Bridgestone Americas to position itself as a leading provider in the commercial roofing & building industry. The acquisition will further help the company to expand its footprint in Europe and Latin America. Hence, in the coming years, such measures will boost the company's growth.
 

The market research report on decorative concrete includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Feet and revenue in USD Million from 2018 to 2028 for the following segments:

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Market, by Product

  • Exposed
    • Quartz
    • Basalt
    • Granite
    • Others
  • Stamped
  • Polished
  • Engraved
  • Stained
  • Others

Market, By Application

  • Walls
  • Floors
  • Patios
  • Others

Market, By End-user

  • Residential
  • Non-residential

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of decorative concrete crossed USD 15.3 billion in 2021 and is predicted to record over 5.9% CAGR during the forecast period of 2022-2028.
The polished concrete segment captured over 18% of the market share in 2021 as this type of concrete has great light reflecting properties, which give it a rich appearance.
Floors accounted for around USD 8.5 billion revenue in decorative concrete market in 2021 as polished and engraved concretes are being widely used across retail establishments and hospitality complexes.
Asia Pacific will hold more than 35% of the overall industry share by 2028 as large-scale infrastructural developments are taking place due to rapid urbanization.
U.S. Concrete, Inc., Breedon Group plc, Vicat, Summit Materials, UltraTech Cement Ltd., WG Wearne Limited, and Boral, among many others, are the main players in this market.

Decorative Concrete Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 13
  • Tables & Figures: 516
  • Countries covered: 20
  • Pages: 350
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