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Decorative Concrete Market Size

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

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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.

Decorative Concrete Market Report Attributes
Report Attribute	Details
Base Year:	2021
Decorative Concrete Market Size in 2021:	USD 15,309.3 Million
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	5.9%
2028 Value Projection:	USD 22,948.2 Million
Historical Data for:	2018 to 2021
No. of Pages:	350
Tables, Charts & Figures:	516
Segments covered:	Product, Application, End-user, and Region
Growth Drivers:	Reforms in the housing sector to close the demand supply gap North America Growth in remodeling and renovation activities Europe Increasing tourist activities and rising investments in the hospitality sector Asia Pacific Increasing infrastructure development and rising construction activities Latin America Improving political stability and expanding the presence of major industry players Middle East & Africa Improving government reforms and surge in foreign investments
Pitfalls & Challenges:	Environmental concerns associated with the production of decorative concrete Changing architectural trends and consumer inclination towards alternatives

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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.