Decorative Concrete Market by Colored, Polished, Epoxy Coating and Concrete Overlays Projected Worth Reach US$ 12.78 Billion by 2023 Analysis by China, India and UAE

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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.

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.

The global decorative concrete market dominated by players such as BASF SE (Germany), PPG Industries, Inc. (U.S.), 3M Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), RPM International Inc. (U.S.), Huntsman International LLC (U.S.), The Sherwin-Williams Company (U.S.), Boral Limited (Australia), CEMEX, S.A.B. de C.V. (Mexico), Sika AG (Switzerland), and UltraTech Cement Limited (India).

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The report defines, segments, and projects the 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.

Decorative concrete is mainly used to provide an aesthetic touch to a building, also forms an integral part of the building’s structure. Hence, this type of concrete plays a very important role in the construction industry. With the architecture of buildings along with the construction processes undergoing drastic change, the demand of decorative concrete has risen considerably in the last few years.

Decorative concrete finds application in floors, walls, patios, driveways & sidewalks, and pool decks. The floors segment is projected to grow at the highest CAGR during the forecast period. The high demand can be attributed to the various benefits it offers to the floors. Decorative concrete improves the aesthetic appeal of the floors as various textures, designs, patterns, and logos can be imparted to it.

More Details 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 now at www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1169557 .

Europe accounted for the largest share of decorative cement in 2017. Factors such as increasing refurbishment and remodeling activities in countries like Germany and the United Kingdom are favoring the market’s growth in the European region. The market is expected to grow at a good pace, with key European companies investing in the incorporation of nanotechnology for additives and other ingredients, which are added to cement in the production process.

This report will help the market leaders/new entrants in this market in the following ways:
• This report segments and studies the decorative concrete market comprehensively and provides the closest approximation of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
• This report will help stakeholders to understand the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand their competitors and gain more insights into their position in the business.

The stained type of decorative concrete is projected to grow at the highest CAGR between 2017 and 2022. The increasing demand from residential and non-residential sectors is driving the growth 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.

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