Decorative Concrete Market revenue to hit USD 23.8 Bn by 2026: Global Market Insights, Inc.

The decorative concrete market demand across the globe during the forecast period will be impelled by consumer inclination for distinctive and affordable flooring solutions.

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Selbyville, Delaware, Dec. 16, 2019 (GLOBE NEWSWIRE) --

According to latest report “Decorative Concrete Market by Product (Exposed [Quartz, Basalt, Granite], Stamped, Polished, Engraved, Stained), Application (Walls, Floors, Patios), End-user (Residential, Non-residential), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of decorative concrete is predicted to reach $23.8 billion by 2026. Rapid urbanization and changing architectural trends are escalating the product demand.

Some major findings of the decorative concrete market report include:

  • Changing architectural trends towards traditional and organic design.
  • Proliferating construction and infrastructural development activities.
  • Consumer inclination towards energy efficient and reliable alternatives.
  • Strategic mergers and acquisition by industry participants to expand regional presence. Major industry players include HeidelbergCement, LafargeHolcim, and Boral.

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The residential and commercial buildings are shifting from formal architectural to casual and rustic setting. The consumer inclination for distinctive and affordable flooring solutions is positively influencing the decorative concrete market size. Availability of multiple color shades to match the interior design and ambiance is escalating the product growth. Moreover, increasing awareness regarding green construction and energy savings will expand the industry share significantly.

Industry players are focusing on expansion of raw material procurement capabilities to reduce dependence on third-party raw material suppliers and gain a competitive edge. For instance, in May 2019, Boral announced the completion of its Orange Grove Quarry in Perth, Australia. The USD 33 million expansion will result in a 30% increase in efficiency, enabling it to procure raw materials efficiently.

The concrete manufacturing produces carbon dioxide, leading to large scale CO2 emissions and greenhouse gases. According to the National Ready Mixed Concrete Association, concrete production releases over 0.93 pounds of carbon dioxide for one pound of concrete. Rising concerns on environmental hazards caused by concrete manufacturing will restrict the decorative concrete market value over the study timeframe.

Exposed concrete account for a substantial share in the market owing to high durability and aesthetic appeal of the product. It requires minimal long-term maintenance & care requirements and offers wide design variety. Further, excellent heat ventilating properties will propel the segment penetration over the study timeframe.

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Floors dominate the decorative concrete market share owing to its usage in residential and non-residential spaces. Concrete floors are mixed with multitude of aggregates that enhances its functional capability as they tend to witness high foot traffic, requiring high degree of abrasion and slip resistance properties. The walls are at nascent stage and will foresee steady growth with proliferating use of precast concrete as suspended concrete wall panels.

Residential sector will foresee strong growth over the study timeframe with increasing residential buildings to accommodate both urban and rural population. Increasing government efforts to reduce the supply demand gap in housing sector is promoting the construction activities. Multiple design and textures of the product to enhance the floor and wall aesthetics will stimulate growth potential over the projected timeframe.

Asia Pacific is experiencing an upsurge in decorative concrete market adoption owing to strong industry growth and rising disposable income. The countries including China and India are witnessing massive influx of infrastructural investments and government incentives for dwelling buildings. In June 2019, Government of China announced investment of over USD 100 Billion to reconstruct and renovate 6.26 million shantytown units, 1.9 million dilapidated houses and 300,000 public rental houses. This investment will drive the market growth.

Browse key industry insights spread across 395 pages with 483 market data tables & 18 figures & charts from the report, “Decorative Concrete Market Size 2019–2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/decorative-concrete-market

Table of Contents (ToC) of the report:

Chapter 3.   Decorative Concrete Market Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2015 - 2026

3.3    Industry ecosystem analysis

3.3.1    Raw material analysis

3.3.2    Service providers

3.3.3    Profit margin analysis

3.3.4    Value addition at each stage

3.3.5    Distribution channel analysis

3.3.6    Vendor matrix

3.4    Technology landscape

3.4.1    Diamond-polished concrete

3.5    Regulatory landscape

3.5.1    Standards American National Standards Institute (ANSI)

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.2    Industry pitfalls & challenges

3.7    Growth potential analysis, 2018

3.8    Competitive landscape, 2018

3.8.1    Company market share analysis, 2018

3.8.2    Brand analysis

3.8.3    Strategy dashboard

3.9    Porter’s Analysis

3.9.1    Cost structure analysis

3.9.1.1    R&D cost

3.9.1.2    Raw material cost

3.9.1.3    Manufacturing & equipment cost

3.9.1.4    Operating cost

3.9.1.5    Miscellaneous cost

3.10     PESTEL Analysis

Browse Complete Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/decorative-concrete-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


        

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