According to the recent research report titled ‘Decorative Concrete Market Size By Products (Exposed [Quartz, Basalt, Granite], Stamped, Polished, Engraved, Stained), By Application (Walls, Floors, Patios), By End-user (Residential, Non-residential), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, global decorative concrete market is projected to be worth USD 23.8 billion by the year 2026.
 

Increasing remodeling and renovation activities, along with improving government reforms, and surging foreign investments are propelling global decorative concrete market growth. Besides, rapid urbanization, and changing architectural trends are boosting the product demand.
 

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Rising cognizance about green construction and energy savings is further augmenting the industry share. Key industry players are focusing on expanding their raw material procurement capabilities to decrease reliance on third-party raw material providers. This in turn gives them a competitive advantage and adds to the industry development. For instance, Boral Ltd. stated that it completed its Orange Grove Quarry in Perth, Australia in May 2019. The expansion worth USD 33 million will result in a 30% boost in efficiency, allowing it to procure raw materials effectively.
 

Speaking of challenges, environmental concerns related to production of decorative concrete are likely to hinder the industry expansion over the study period.
 

Considering products type, exposed segment holds considerable portion of worldwide decorative concrete market share currently, due to aesthetic appeal and high durability of the product.
 

Elaborating on application spectrum, floors segment leads the overall market share presently, attributable to product usage in non-residential and residential spaces. Concrete floors are mixed with various aggregates to improve their functional capability as they are exposed to high foot traffic and require superior abrasion and slip resistance. Meanwhile, walls segment is at an emerging stage and will witness a steady growth with growing usage of suspended concrete wall panels.
 

Based on end user scope, global decorative concrete industry share from residential sector is expected to multiply over 2019-2026, creditable to increasing government efforts to minimize the supply-demand gap in housing sector.
 

Geographically, Asia Pacific market is projected to observe considerable growth over the coming years, creditable to growing product adoption and rising disposable income. China and India are witnessing significant investments for infrastructural development and government incentives for residential buildings. In fact, the Government of China announced a USD 100 billion investment in June 2019 to rebuild and renovate 6.26 million shantytown units, 300,000 public rental houses, and 1.9 million dilapidated houses.
 

Major contenders operating in global decorative concrete market sphere are WG Wearne Ltd., Summit Materials LLC, Vicat SA, U.S. Concrete Inc., Breedon Group plc, UltraTech Cement Ltd., Cemex S.A.B. de C.V., Boral Ltd., HeidelbergCement AG, and LafargeHolcim Ltd. among others.