Decorative Concrete Market is likely to witness an impressive one CAGR of 6.5% during the forecast period, according to a report by Stratview Research.
COVID-19 pandemic – a blessing or a curse for industry?
The COVID-19 outbreak has severely hit several industries around the world. Tough government measures like locking down key economies have paused for most industries. For most industries, revenues fell in 2020 and gradually resumed an upward trend from 2021 onwards.
Key Insights into the Decorative Concrete Market
Decorative Concrete Market is likely to witness an impressive one CAGR of 6.5% during the forecast period. The main factors such as increasing demand for green buildings, renovation works, increasing consumer interest in interior decoration and rapidly increasing urbanization are driving the growth of the decorative concrete market in a large scale during the forecast period.
Regional insights
Decorative Concrete Market is likely to witness an impressive one CAGR of 6.5% during the forecast period. The main factors such as increasing demand for green buildings, renovation works, increasing consumer interest in interior decoration and rapidly increasing urbanization are driving the growth of the decorative concrete market in a large scale during the forecast period.
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Report scope and market segmentation
Decorative Concrete Market Share: By Type
Depending on the type, the market is divided into punched concrete, pickled concrete, concrete coverings, colored concrete, polished concrete, epoxy coating, and others. Stamped concrete is valued as the largest market segment as it has been found that the adoption of die cut décor is increasing rapidly due to the new construction of residential buildings and commercial projects. Decorative concrete offers lucrative properties such as aesthetic improvement, improvement of indoor air quality and slip resistance. Stamped concrete is easy to install and has greater strength, which in turn increases demand and growth quickly. In addition, the growth of the construction industry offers the decorative concrete market an opportunity to continue growing.
Decorative Concrete Market Share: By Type of Application
Depending on the type of application, the Decorative Concrete Market is divided into Floors, Walls, Driveways and Sidewalks, Patios, and Others. The The flooring segment is expected to be the fastest growing market segment during the forecast period. Floors offer several advantages that increase their demand. Decorative accents can be given a wide variety of textures, patterns, designs and logos, which improve the aesthetics of floors. Decorative concrete’s ability to provide slip resistance and high strength makes it preferable as it can withstand heavy pedestrian traffic, which in turn increases the demand for the flooring segment.
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What key questions will this report answer?
This market research report focuses on providing relevant information about market trends, structure and growth over the forecast period. It also provides insights into various segments of the market and other factors influencing the market.
Some of the key questions answered in the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers and challenges?
How competitive is the market? Who are the market leaders?
What are the main strategies of the market participants?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the most important success factors for market participants?
How is the business environment affecting the market?
What strategic alliances have recently taken place and what is their significance?
Stratview Research reports are generated after collecting data from various authenticated sources. > 10 primary interviews with industry experts are carried out by us for each report. Insights from primary interviews, an in-depth analysis of company statements and annual reports, and a series of articles, whitepapers and reports help us connect the dots and triangulate the market in the most effective way.
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