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Decorative Concrete Market Trends

Report ID: GMI3689
Published Date: Nov 2024
Report Format: PDF

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Decorative Concrete Market Trends

The construction industry's growing commitment to sustainable materials is spotlighting the advantages of decorative concrete, particularly its energy-efficient attributes. For instance, decorative concrete's high thermal mass plays a pivotal role in moderating indoor temperatures, subsequently diminishing reliance on heating and cooling systems. Furthermore, there's a rising trend in incorporating recycled concrete and environmentally friendly additives into decorative concrete products.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for decorative concrete was reached USD 16.4 billion in 2023 and is estimated to grow at a 5.2% CAGR from 2024 to 2032, driven by the rising demand for customized and aesthetically pleasing flooring and surfaces.

The stamped concrete segment recorded USD 5.4 billion in 2023 and is expected to grow at a 5.7% CAGR from 2024 to 2032, due to its extensive customization options and ability to replicate premium materials at a lower cost.

The residential segment held around 57% share of the decorative concrete market in 2023 and is anticipated to grow at a 5.3% CAGR during 2024 to 2032, as homeowners seek versatile and cost-effective solutions to enhance their property's aesthetics.

The U.S. region dominated 83% share of the decorative concrete market in 2023, led by technological innovations and access to premium tools and materials, which expand decorative possibilities and attract a wide array of clientele.

Key players in the decorative concrete industry include Ardex Group, BASF SE, Bomanite, Cemex S.A.B. de C.V., Decorative Concrete Supply, GCP Applied Technologies, L.M. Scofield Company, LATICRETE International, Inc., Proline Concrete Tools, Sika AG, Stampcrete International, The QUIKRETE Companies, Tnemec Company, Inc., Vexcon Chemicals, Inc., and W. R. Meadows, Inc.