Decorative Concrete Market worth $24.3 billion by 2028 Globally, at a CAGR of 5.8 %, says MarketsandMarkets™

Chicago, Feb. 19, 2024 (GLOBE NEWSWIRE) — The Global Decorative Concrete Market is projected to grow from USD 18.3 billion in 2023 to USD 24.3 billion by 2028, at a CAGR of 5.8% from 2023 to 2028, as per the recent study by MarketsandMarkets™. Decorative concrete transforms functional surfaces into aesthetically pleasing elements, enhancing the visual appeal of various structures through creative designs and finishes. The global decorative concrete market is driven by the escalating demand for aesthetically pleasing and durable construction products worldwide, with increasing remodeling activities acting as a significant driver. The rise in renovation and remodeling projects reflects a growing preference for appealing, cost-effective, and resilient flooring solutions. This trend not only fuels the demand for decorative concrete but also presents a driver for the market’s overall growth. However, the fluctuating raw material prices, act as market restraint. Despite these challenges, the market sees an opportunity in the increased demand from emerging economies, making it crucial for the industry to navigate limited awareness regarding decorative concrete and unlock its full potential. The construction sector’s continuous quest for innovative, visually appealing, and long-lasting flooring solutions positions the decorative concrete market for sustained growth.

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Browse In-Depth TOC On “Decorative Concrete Market”

417 – Market Data Tables
49 – Figures
332 – Pages

List of Key Players in Decorative Concrete Market:

Sika AG (Switzerland)
CEMEX, S.A.B. de C.V. (Mexico)
DuPont (US)
BASF SE (Germany)
RPM International Inc. (US)
The Sherwin Williams Company (US)
PPG Industries, Inc. (US)

Drivers, Restraints, Opportunities and Challenges in Decorative Concrete Market:

Drivers: Increasing demand for stamped concrete for flooring applications.
Restraints: Higher cost.
Opportunity: Rise in renovation and remodelling activities.
Challenges: Lack of awareness about decorative concrete in developing economies.

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Key Findings of the Study:

The stamped concrete segment dominated the decorative concrete market in 2022.
The Floors segment is …

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