The "Decorative Concrete Market" is expected to witness a high growth due to factors such as increase in the middle-class population, growth in demand from the residential and non-residential sectors, and increase in renovation & remodeling activities.
Factors such as moderate cost, ease of installation, and favorable aesthetics are to spur the demand for decorative concrete in newly built construction spaces. Decorative concrete is also used in the residential sector to enhance the aesthetic appeal of the houses.
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On the basis of end-use sector, the non-residential sector is projected to grow at the highest rate. The demand from this sector is supported by increased investment in new commercial constructions and renovation projects. The size of the decorative concrete market will grow from USD 9.26 Billion in 2017 to USD 12.78 Billion by 2022, at an estimated CAGR of 6.66%.
- Raw material suppliers
- Decorative concrete contractors
- Architects & engineers
- End users
- Market research & consulting firms
- Regulatory bodies and government
Market-Based on Region:
- North America
- South America
- Middle East & Africa
Market-Based on application:
- Driveways & sidewalks
- Pool decks
- Others (ceilings and countertops)
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On the basis of application, the floor segment accounted for the largest share in 2016, and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to decorative concrete's good resilience & stain and abrasion resistance. Due to its high strength, decorative concrete is used in areas with heavy foot traffic.
The market ecosystem involves various stakeholders in the decorative concrete market, including the raw material suppliers such as BASF SE (Germany), PPG Industries, Inc. (U.S.), 3M Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), and RPM International Inc. (U.S.). The next level in the chain involves the assembly team that is monitored by manufacturers such as Huntsman International LLC (U.S.), The Sherwin-Williams Company (U.S.), Boral Limited (Australia), CEMEX, S.A.B. de C.V. (Mexico), and Sika AG (Switzerland).
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