Global Decorative Concretes Market is expected to grow at a CAGR of 6.2% by 2023

Market Highlights
Concrete is the most commonly used construction material all over the world. Decorative concrete is simply regular concrete with an added touch of unique coloring, patterns, or finishes. Growing construction sector, across the globe is driving the growth of the market. The recent increase in new construction start-ups, is leading to an increase in demand for decorative concrete. Additionally, the rise in the private non-residential spending such as hotels, is also expected to contribute in the growth of the market. Increase in renovation & remodeling activities, is also a positive influence on the growth of the market. However, the high cost of treatment of decorative concrete, may hamper the growth of the market.

Hence, Global Decorative Concretes Market is expected to grow at a CAGR of 6.2% during the forecast period.

Prominent Players
The prominent players in the global decorative concrete market include Sika AG (Switzerland), HeidelbergCement AG (Germany), LafargeHolcim Ltd (Switzerland), Boral Limited (Australia), Bomanite India (India), BASF SE (Germany), PPG Industries, Inc. (U.S.), Mcknight Custom Concrete, Inc.(U.S.), Deco-Crete, LLC (U.S.), Seacoast Concrete (U.S.) and among others.

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Market Research Analysis
For the purpose of this study, the global decorative concretes market has been divided into three segments such as by type, application and by end use. On the basis of type, the market has been segmented as stamped concrete, stained concrete, concrete dyes, polishing concrete and others. Among types, stamped concrete accounts for the largest market share. Stamped concrete is a continuous concrete surface that has been molded or stamped to appear very much like individual pavers, bricks, stone, or even wood. It is widely used in the exterior applications such as pool decks, driveways & sidewalks, and patios. The demand and rapid growth of stamped concrete, are supported by its easy installation and higher strength.

On the basis of end use, the market has been segmented as floors, driveways, walls, patios, and others. Among the end use, floor accounted for the largest market share. It is projected to grow at the highest CAGR during the forecast period. Based on application, the market has been segmented as residential and non-residential. Residential segment accounted for the largest market share. Due to increasing population and urbanization, there has been a shift in the population in the urbanized areas, especially in developing nations. This transition leads to the increasing demand for homes and residential complexes. This drives the demand of the market from this sector. Non-residential segment is projected to grow at the highest CAGR during the forecast period. Increased investment in new commercial constructions and renovation projects, increase demand from this sector.

European region dominates the global decorative concrete market
Geographically, the global decorative concrete market has been divided into four major regions, and they are North America, Europe, Asia Pacific and Rest of the World. Europe has accounted for the largest market share, in 2016, followed by North America and Asia Pacific. Increasing up gradation, and repair and rehabilitation of the existing infrastructure are driving the growth of the market in Europe. Germany and the U.K. are the major markets in Europe. In U.K., the construction value of both public and private sectors, is increasing continuously. This will create huge potential demand for the market in coming years. North America is the second largest region for the market. The U.S. is the major markets in North America. Strong development in commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region.

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