Decorative Concrete Market | Dynamics, Forecast, Analysis and Supply Demand 2026
Selbyville, Delaware, United States, September 17 2020 (Wiredrelease) Global Market Insights, Inc –:Rise in disposable income among people across the globe has led to increased household spending. Changing interest of the consumers towards unique house designs to enhance aesthetics will positively influence decorative concrete market share in the coming years.
The industry players are aiming at expanding the procurement capabilities in terms of raw materials in order to reduce the dependence on third-party material distributors and achieve a competitive edge. In May 2019, Boral- an Australian building material co. announced the completion of its Orange Grove Quay in Perth, Australia. The expansion which is valued at USD 33 million will lead to a 30% increase in efficiency, allowing it to acquire raw materials efficiently.
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Described below are some of the important factors anticipated to influence decorative concrete market forecast over the next few years:
Increased demand across flooring applications
The presence of several color shades to match the interior designs and ambiance is steering the adoption of decorative concretes. Awareness regarding green buildings and their benefits along with the need to save energy will expand the industry opportunities. Growing number of single family homes and development of residential communities in developing nations will fuel decorative concrete consumption.
In terms of application, the market is bifurcated into patios, floors and walls. Floors segment is showcasing widespread traction owing to the escalating usage of concrete in residential and commercial spaces. Concrete floors are combined with various aggregates that improve their functional capability as they tend to observe high foot traffic, carry slip resistance abilities with a superior degree of abrasion.
Booming residential construction in urban areas
Enhanced purchasing power among the people across the globe is driving advancements in the residential sector to accommodate the rising population in both urban and rural areas. The architectural design of commercial and residential buildings is shifting focus form basic architecture-based concepts to more rustic and casual settings. The inclination of the consumers towards advanced, distinctive yet cost-effective flooring models will support decorative concrete industry trends in the coming years.
There are steps undertaken by the governments to reduce the gap between the supply and demand in housing sector. Multiple designs and textures of the material to improve the wall and floor aesthetics in order to meet the demands of the customers will magnify product penetration.
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Higher infrastructure investments in Asia Pacific
Regionally, Asia Pacific will witness extensive deployment of the product due to rising disposable income among the people owing to improvements in the rate of employment. Another vital factor supporting the market trends in the region is the consistent growth of the construction industry due to the burgeoning need for restoration activities, social housing and industrial projects.
In countries such as India and China, huge inflow of investments is being observed along with incentives by the government towards dwelling projects. The Government if China announced total funding of more than USD 100 billion in June 2019 towards the reconstruction and renovation of 6.26 million shantytown units, 30,000 public rental houses and nearly 1.9 million dilapidated homes. Such investments will bolster decorative concrete market outlook.
Table of contents for this research [email protected] https://www.gminsights.com/toc/detail/decorative-concrete-market
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.2 Market Definitions
1.3 Market Estimations & forecast parameters
1.4 Data sources
Chapter 2 Executive Summary
2.1 Decorative concrete industry 3600 synopsis, 2015 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 End user trends
2.1.5 Region trends
Chapter 3 Decorative Concrete Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2015 – 2026
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.2 Service providers
3.3.3 Profit margin analysis
3.3.4 Value addition at each stage
3.3.5 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Technology landscape
3.4.1 Diamond-polished concrete
3.5 Regulatory landscape
3.5.1 Standards American National Standards Institute (ANSI)
3.6 Industry impact forces
3.6.1 Growth drivers
184.108.40.206 Reforms in housing sector to close demand supply gap
220.127.116.11 North America
18.104.22.168.1 Growth in remodeling and renovation activities
22.214.171.124.1 Increasing tourist activities and rising investments in hospitality sector.
126.96.36.199 Asia Pacific
188.8.131.52.1 Increasing infrastructure development and rising construction activities
184.108.40.206 Latin America
220.127.116.11.1 Improving political stability and expanding presence of major industry players.
18.104.22.168 Middle East & Africa
22.214.171.124.1 Improving government reforms and surge in foreign investments.
3.6.2 Industry pitfalls & challenges
126.96.36.199 Environmental concerns associated with production of decorative concrete
188.8.131.52 Changing architectural trends and consumer inclination towards alternatives
3.7 Growth potential analysis, 2018
3.8 Competitive landscape, 2018
3.8.1 Company market share analysis, 2018
3.8.2 Brand analysis
3.8.3 Strategy dashboard
3.9 Porter’s Analysis
3.9.1 Cost structure analysis
184.108.40.206 R&D cost
220.127.116.11 Raw material cost
18.104.22.168 Manufacturing & equipment cost
22.214.171.124 Operating cost
126.96.36.199 Miscellaneous cost
3.10 PESTEL Analysis
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