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Decorative Concrete Market by Type, Application, End-use Sector And Region - Global Forecast to 2022

Decorative Concrete Market: Global Forecast until 2022

  • August 2017
  • 178 pages
  • ID: 5069841
In this report:
The demand for decorative concrete in Asia-Pacific was estimated at ##,##.## million square meters in 2016, which is projected to grow at a CAGR of ##.##% between 2017 and 2022.
According to the American Institute of Architects (AIA), the expenditure on non-residential construction increased by more than ##% in 2016.

Summary

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Market for decorative concrete estimated to grow at a compound annual growth rate (CAGR) of ~6.7 percent.

The overall market for decorative concrete is forecasted to grow from ~$9.3B in 2017 to attain ~$12.8B by 2022, at an estimated compound annual growth rate of ~6.7 percent. The decorative concrete market is influenced by Elements such as rise in interest of consumers toward decoration, quick urbanization, and demand for green buildings. Elements such as increase in the market demand from the end-use market and increase in the number of renovation & remodeling activities are further driving the industry demand for decorative concrete. Emerging markets including the Asia-Pacific area have contributed to the growth in the application of decorative concrete in the construction industry. High prices of the treatment are a restraining factor for the decorative concrete market.

The sector for stained concrete expected to grow at the highest CAGR (Compound annual growth rate) during the outlook period.

The stained type of decorative concrete is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022.The growing demand from residential and non-residential markets is driving the rise of the stained concrete segment in the decorative concrete market.

Stamped carpets account for the majority share of the decorative concrete market, since they are extremely durable, easy to maintain, and have longer life span.It is the most common concrete type used to construct floors for both indoor and outdoor applications.

The large demand and fast increase of this concrete are supported by its easy and fast manufacturing process, along reasonable pricing when compared to other concrete types.

Asia-Pac (APAC) forecasted to gain maximum traction during the estimate period.

The Asia Pacific (APAC) area is forecasted to be the quickest developing market during the outlook period, succeeded by the North American area.In APAC, China (CN) is estimated as the most important consumer for decorative concrete in 2017, succeeded by India (IN).

China (CN), with its increasing residential & non-residential industry of the construction industries, is predicted to push the decorative concrete market.The main driving factors of the market in Asia-Pac are the increase in construction activities and expansion of end-use markets.

China (CN) recorded for the biggest market for decorative concrete in the territory in 2016.India (IN) has successfully been able to register a significant share in the industry for decorative concrete on a overall level.

The population increase rate in India (IN) is higher than that of China, projecting India as the most populous country by 2030, according to the Office of the Registrar General and Census Commissioner, India (IN); this is driving the increase of the construction, transportation, and infrastructure sectors.

Distribution of primaries

Primary Q&A were managed with a number of industry experts to gather info associated to various aspects of decorative concrete. The classification of primaries interviews is like:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 65.0 percent and Grade of manager - 35.0 percent

• By Area: Europe (EU) - 28.0 percent, North America continent - 25.0 percent, Asia Pacific (APAC) - 22.0 percent, Middle East (ME) & African continent - 15.0 percent, and South America region - 10.0 percent

The different suppliers of decorative concrete and related products in the analysis are like follows:

1. BASF SE

2. PPG Industries, Inc.

3. 3M Company

4. E.I. du Pont de Nemours and Organization

Segment Research

The market research defines, segments, and projects the decorative concrete market size on the basis of class, application, end-use market, and area. The market research examines competitive developments including acquisitions, business developments, and recent product launches in the decorative concrete market.

This study will help the industry leaders (and new entrants) in the following points:

1. This report segments and studies the decorative concrete market comprehensively and offers the closest approximation of the revenue numbers for the global market and the sub-segments across the distinct verticals and localities.

2. This business report will facilitate partners to comprehend the sector and offer them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector.

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