Decorative Concrete Market to value US$ 22.9 billion by 2028, Says Global Market Insights Inc.

 Major decorative concrete market participants include WG Wearne Limited, Summit Materials, Vicat, U.S. Concrete, Breedon Group, UltraTech Cement, CEMEX S.A.B. de C.V., Boral, HeidelbergCement AG, and LafargeHolcim

SELBYVILLE  , Del., April 26, 2022 /PRNewswire/ -- The decorative concrete market is anticipated to surpass USD 22.9 billion by 2028, as reported in a research study by Global Market Insights Inc. Growing construction activities, rising infrastructure developments, and reforms in the housing sector are among the key growth enabling factors of the market.

Basalt decorative concrete is expected to draw significant consumer attention to contribute nearly USD 2.7 billion by 2028. The high rate of adoption is attributable to the high strength-to-weight ratio of the material, which renders it suitable for road construction, bridges, dams, and river wall applications, among others. In addition, the resistive nature of the material against chemicals and corrosion is further aiding product penetration.

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The wall application is likely to account for a small portion of the market revenue by 2028. Nevertheless, the growing inclination of consumers toward aesthetic concrete walls from conventional wall materials, such as wood, will aid the expansion of the segment share.

Europe is among the major revenue-generating regions in the global decorative concrete market, which registered more than 27% share in 2021. The high product consumption can be ascribed to the flourishing European tourism industry, which is witnessing a high tourism influx. According to the World Tourism Organization (UNWTO), Europe is poised to experience around 30% to 78% demand in international tourism in 2022. On account of large tourist arrivals, the regional hospitality is adopting innovative design characteristics in construction projects, thereby fueling the consumption of decorative concrete.

Some major findings of the decorative concrete market report include:

• The exposed concrete segment will thrive owing to the wide diversity of colors & textural differences, followed by the strong nature of the product.
• Significant developments in the Asia Pacific construction landscape will produce lucrative opportunities for industry participants in the region.
• Due to significant changes in the urban population, the residential end-user segment will produce considerable demand for decorative concrete.
• The decorative concrete industry is highly competitive with the presence of several product manufacturers.
• Prominent market players in the decorative concrete market include WG Wearne Limited, Summit Materials, Vicat, U.S. Concrete, Inc., Breedon Group plc, UltraTech Cement Ltd., CEMEX S.A.B. de C.V., Boral, HeidelbergCement AG, and LafargeHolcim Ltd., among others.

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Partial chapters of report table of contents (TOC):

Chapter 2 Executive Summary

2.1  Global Decorative Concrete industry 360° synopsis, 2018 – 2028

2.2  Business trends

2.3  Product trends

2.4  Application trends

2.5  End-user trends

2.6  Regional trends

Chapter 3 Decorative Concrete Industry Insights

3.1  Industry segmentation

3.2  Impact of COVID-19 on industry landscape

3.3  Industry ecosystem analysis

3.4  Technology landscape

3.5  Regulatory landscape

3.6  Industry impact forces

3.6.1  Growth drivers

3.6.2  Industry pitfalls & challenges

3.7  Growth potential analysis

3.8  Regional price trends

3.9  Porter's analysis

3.10  PESTEL analysis

3.11  Impact of COVID-19 on decorative concrete market, by end-user

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SOURCE Global Market Insights Inc.