Decorative Concrete Market Set to Grow 6.66% CAGR and USD 12.78 Billion by 2022, Overview by Developing Regions

The decorative concrete market is projected to grow from USD 9.26 billion in 2017 to reach USD 12.78 billion by 2022, at an estimated CAGR of 6.66%. The decorative concrete market is driven by factors such as growth in interest of consumers toward decoration, rapid urbanization, and demand for green buildings.

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Study aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as acquisitions, expansions, technological advancements & new product launch, and research & development activities in the decorative concrete market.

Report defines, segments, and projects decorative concrete market size on the basis of type, application, end-use sector, and region. The study analyzes competitive developments such as acquisitions, expansions, and new product launches in the decorative concrete market.

Stained type of decorative concrete is projected to grow at the highest CAGR between 2017 and 2022. Increasing demand from residential and non-residential sectors is driving growth of stained concrete segment in the decorative concrete market. Stamped carpets account for majority share of decorative concrete market, since they are extremely durable, easy to maintain, and have longer life span.

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The decorative concrete market is expected to gain traction due to rapid urbanization in the emerging countries. However, the high cost of treatment of decorative concrete may prove as a hindrance in the growth of the market. In 2016, the European region accounted for the largest share of the total market for decorative concrete, in terms of value, followed by the North America and Asia-Pacific regions.

Company Profiles (Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
1 BASF SE
2 PPG Industries, Inc.
3 3M Company
4 E.I. Du Pont De Nemours and Company.
5 RPM International Inc.
6 Huntsman International LLC
7 The Sherwin-Williams Company
8 Boral Limited
9 Cemex, S.A.B De C.V.
10 Sika AG
11 Ultratech Cement Limited
12 Arkema SA

More information on “Decorative Concrete Market by Type (Stamped, Stained, Colored, Polished, Epoxy Coating, Concrete Overlays), Application (Floors, Driveways & Sidewalks, Walls, Patios, Pool Decks), End-use Sector, and Region - Global Forecast to 2022” report @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1159145 .

The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by the North American region. In Asia-Pacific, China is estimated as the largest consumer for decorative concrete in 2017, followed by India. China, with its growing residential & non-residential sector of the construction industries, is expected to drive the decorative concrete market.

The population growth rate in India 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; this is driving the growth of the construction, transportation, and infrastructure industries.

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