What Transformation Has the Decorative Concrete Market Undergone?
The decorative concrete market has seen considerable growth due to a variety of factors.
• Over the last few years, the decorative concrete market size has seen consistent growth. It is projected to increase from $17.77 billion in 2024 to $18.57 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%.
The uptick during the historical period was due to factors such as a focus on architectural and internal design trends, expansion in the construction and real estate industry, renovation and remodeling initiatives, transformations in interior design due to the pandemic, and developments in the commercial and hospitality sectors.
How Will The Decorative Concrete Market Size Evolve In The Foreseeable Future?
The decorative concrete market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the decorative concrete market, with robust expansion projected in the upcoming years. The market is poised to swell to a valuation of $23.85 billion by 2029, fueled by a compound annual growth rate (CAGR) of 6.5%.
This anticipated growth throughout the forecast period can be tied to factors such as rising health and wellness awareness, increasing desires for customization and personalization, demographic shift towards an aging population and universal design. Other contributing drivers are the expansion of e-commerce and online sales, development in emerging markets, as well as urbanization and infrastructural growth. Key trends to look out for within the forecast period incorporate stained and polished concrete finishes, personalized textures and patterns, exposed aggregate, the utilization of decorative concrete overlays, and the burgeoning usage of stamped concrete.
Which Drivers Are Accelerating Growth In The Decorative Concrete Market?
The decorative concrete market is being significantly driven by the rapid process of urbanization. Urbanization is the phenomenon that sees individuals moving from rural areas to towns and cities, leading to an increased human population density in these regions. A by-product of this urbanization is the growing demand for both residential and non-residential buildings, a factor that is giving impetus to the decorative concrete sector. For example, projections by the United Nations Department of Economic and Social Affairs suggest that by 2050, cities will be home to 68% of the global population, or 2.5 billion individuals. Therefore, it's expected that the swift pace of urbanization will spur the expansion of the decorative concrete market.
What Are The Core Segments Of The Global Decorative Concrete Market?
The decorative concrete market covered in this report is segmented –
1) By Type: Stamped Concrete, Stained Concrete, Concrete Overlays, Colored Concrete, Polished Concrete, Epoxy Concrete, Other Types
2) By Application: Walls, Floors, Pool Decks, Driveways And Sidewalks, Patios, Other Applications
3) By End-user: Residential, Non-Residential
Subsegments:
1) By Stamped Concrete: Textured Stamped Concrete, Custom Stamped Designs
2) By Stained Concrete: Acid Stains, Water-Based Stains
3) By Concrete Overlays: Thin Concrete Overlays, Decorative Overlay Systems
4) By Colored Concrete: Integral Color Concrete, Color Hardener Concrete
5) By Polished Concrete: Grind and Seal Polished Concrete, Hybrid Polished Concrete
6) By Epoxy Concrete: Epoxy Coatings, Epoxy Mortar
7) By Other Types: Concrete Pavers, Concrete Resurfacing Products, Decorative Concrete Borders
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Which Emerging Trends Are Reshaping The Decorative Concrete Market Size?
The decorative concrete market is being revolutionized by 3D concrete printing technology. This technology, also referred to as additive manufacturing, involves the creation of 3D forms via a computer-controlled, layer-by-layer process. It is predominantly used for the creation of prototypes and manufacturing components with complex geometries. The adoption rate of 3D concrete printing technology is rising within the construction sector as it decreases errors, enhances design versatility, minimizes environmental harm, and employs fewer materials compared to conventional construction methods. For example, Roboze, a company, launched a new materials-focused lab in December 2022 to foster the development of super materials encouraging green manufacturing methods. The lab focuses on developing bio-based substitutes for petroleum-based polymers, in line with a wider industry move towards sustainability. By expediting the construction process and reducing waste, this technology serves as a greener alternative to traditional construction methods.
Who Are the Key Players in the Decorative Concrete Market?
Major companies operating in the decorative concrete market include:
• Cemex SAB de CV
• HeidelbergCement AG
• BASF SE
• 3M Company
• Sika Corporation
• RPM International Inc.
• Sherwin-Williams Company
• PPG Industries Inc.
• Huntsman International LLC
• Ultratech Cement Limited
• Boral Limited
• McKnight Custom Concrete
• Seacoast Concrete
• The Holcim Group
• Bomanite LLP
• Elite Crete Systems UK Ltd.
• DuPont de Nemours Inc.
• Arkema SA
• WG Wearne Limited
• Vicat SA
• Summit Materials Inc.
• U.S. Concrete Inc.
• Breedon Group plc
• The Euclid Chemical Company
• Solomon Colors Inc.
• Butterfield Color Inc.
• Brickform SRO
• Davis Colors
• Increte Systems Inc.
• NewLook International Inc.
• SureCrete Design Products Inc.
• Ameripolish Inc.
• Super-Krete International Inc.
• Smith Paint Products
• ChemSystems Inc.
• Engrave-A-Crete Inc.
• Concrete Coatings Inc.
• Vexcon Chemicals Inc.
• Proline Concrete Tools Inc.
What are the Regional Insights into the Decorative Concrete Market?
North America was the largest region in the decorative concrete market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the decorative concrete market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
