Decorative Concrete Market Size, Share, Opportunities, And Trends By Type (Stamped Concrete, Polished Concrete, Colored Concrete, Stained Concrete, Concrete Overlay, Others), By Application (Floors, Walls, Patios, Pool Decks, Driveways & Sidewalks, Others), By End-Use Industry (Residential, Non- Residential), And By Geography - Forecasts From 2023 To 2028

Decorative concrete is a customized form of concrete that has been altered by the addition of colors, textures, coatings, and other processes to enhance the aesthetic and visual appearance of a space or surface. Stamped concrete is one of the most commonly used types of decorative concrete applied for interior flooring, driveways, patios, and pool decks. The expansion of residential and non-residential construction projects across the world are significant factor anticipated to stimulate the growth of the decorative concrete market over the forecast period.

Market Drivers

Increase in need for footpaths in road infrastructure

The significant rise in road infrastructure across major economies in the world generates a need for the construction of complementary footpaths to manage foot traffic along the roads in urban areas. A research study by CEPT University revealed that approximately 33% of roads in the city of Ahmedabad do not have footpath facilities and in addition, 86% of pre-existing roads in Ahmedabad city lacked proper infrastructure in footpaths. The use of decorative concretes in footpaths is driven by the damage resistance ability of footpaths. Heavy amounts of foot traffic on sideways, pathways lead to the quick development of tears and scratches in footpaths which can be overcome by the use of conventional concrete products which will need heavy maintenance expenses. The substitution of other concretes with decorative concrete in footpaths will assist in increasing the longevity of footpaths.

Rise in demand for home designs with cooling properties

The rising temperature in tropical and subtropical regions fueled by universal environmental changes is generating higher demand for decorative concrete products in suburban and domestic households. Concrete has the ability to retain its coolness despite its exposure to hot sunrays and radiations which enables the surfaces to remain cold and lower the domestic temperature in the house. In addition, the use of color, texture, and various coatings all have an impact on the temperatures of decorative concrete surfaces. For instance, the application of light colors enables decorative concrete surfaces to reflect more heat and maintain cooler surface temperatures. The use of textured decorative concrete enhances airflow by creating small spaces between them. The use of such decorative concrete products could lower the number of deaths resulting from heat strokes across tropically hot regions. For example, the Lancet Countdown on Health and Climate Change report of 2021 revealed that the number of deaths from 2017-2021 as a result of heat waves amounted to 3.10 lakhs. Therefore, the rising incidents of heat strokes due to the recent increase in average global temperatures generates a need for houses with cooling properties which provides an opportunity for the expansion of the decorative concrete market. Further, the real estate and construction projects in the residential sector are constantly evolving to adopt contemporary designs and models which will promote the widespread use of decorative concrete.

Key Developments

In April 2023, Foundational Concrete Services, a company involved in modifying outdoor spaces using decorative and practical concrete stamps and finishes, announced the addition of new services to its offering portfolio including decorative concrete stamping and resurfacing.

In March 2023, Holcim Australia introduced a new product line, The Melbourne Range comprising of 28 vibrant and sophisticated decorative concrete designs through its decorative concrete brand, Geostone by collaborating with builders and architects in local areas.

In July 2022, Elvisridge Capital, a US-based company investing in landscape modification companies announced the purchase of a company specializing in the production of sealants and coatings used to fortify hardscapes and concretes, Concrete Technology Corporation.

Amazing Concrete Finishes Limited, a company involved in the provision of decorative concrete products to its customers announced that it would be releasing funds amounting to US$1 million to facilitate the expansion of its projects to several high-portfolio clients in the commercial and residential sector in November 2022.

Asia Pacific region holds potential in the decorative concrete market and is expected to grow in the forecast period as APAC countries are experiencing significant growth in their housing needs and civil infrastructure development fueled by growing population density in urban areas. The increasing urbanization rates are resulting in an increased construction of apartments and residential areas offering an opportunity for the increased consumption of decorative concrete products in apartment exterior walkways, swimming pool pathways, and other community outdoor spaces in residential buildings. For instance, a recent South Korean project, Dunchon has been planned and designed to construct an enormous apartment complex in the city of Seoul with the capacity to accommodate thousands of households. The rise in large-scale and luxurious apartment construction processes necessitates the use of different concrete products including decorative concrete to enhance and fortify the visual appearance of such high-budget construction projects. In addition, the growing population in cities in the Asia Pacific region is increasing the public and civil infrastructure development projects to meet the developmental needs of different economies. For instance, the Indian Equity Brand Foundation revealed that the FDI in the Indian construction industry amounted to US$ 28.64 billion in 2022, and in addition, the Indian Government has granted a budget of approximately US$ 9.85 billion to the Housing and Urban Affairs Cabinet of India. Therefore, the growing infrastructure needs will develop the decorative concrete market in the Asia Pacific region.

Key Market Segments:

• By Type
• • Stamped Concrete
  • Polished Concrete
  • Colored Concrete
  • Stained Concrete
  • Concrete Overlay
  • Others
• By Application

• • Floors
  • Walls
  • Patios
  • Pool Decks
  • Driveways & Sidewalks
  • Others
• By End-User Industry

• • Residential
  • Non- Residential
• By Geography

• North America

• • USA
  • Canada
  • Mexico

• South America

• • Brazil
  • Argentina
  • Others

• Europe

• • Germany
  • France
  • United Kingdom
  • Spain
  • Others

• Middle East and Africa

• • Saudi Arabia
  • UAE
  • Israel
  • Others

• Asia Pacific

• • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Taiwan
  • Others