Will Decorative Concrete Market carry its growth momentum post COVID-19? Read more to know.

Decorative Concrete Market is likely to witness an impressive CAGR of 6.5% during the forecast period, according to a report from Stratview Research.

COVID-19 pandemic – Boon or a Curse to the industry?

The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.

 

Key insights on Decorative Concrete Market 

Decorative Concrete Market is likely to witness an impressive CAGR of 6.5% during the forecast period. The major factors such as rising demand for green buildings, renovative activities, increase in consumers’ interest for interior decoration, and rapidly increasing urbanization are fueling the growth of the decorative concrete market at a large scale, during the forecast period.

 

Regional Insights

Decorative Concrete Market is likely to witness an impressive CAGR of 6.5% during the forecast period. The major factors such as rising demand for green buildings, renovative activities, increase in consumers’ interest for interior decoration, and rapidly increasing urbanization are fueling the growth of the decorative concrete market at a large scale, during the forecast period.

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Report Scope & Market Segmentation

Decorative Concrete Market Share: By Type

Based on the type, the market is segmented as stamped concrete, stained concrete, concrete overlays, colored concrete, polished concrete, epoxy coating, and others. Stamped concrete is estimated to be the largest segment of the market as it has been observed that there is a surge in the adoption of stamped decorative concrete on account of the new residential construction and commercial projects. Decorative concrete provides lucrative features, such as aesthetic enhancement, improvement of indoor air quality, and skid resistance. Stamped concrete can be installed easily and has a higher strength, which in turn, increases its demand and growth rapidly. Additionally, the growth of the construction industry also provides an opportunity to the decorative concrete market to grow further.

Decorative Concrete Market Share: By Application Type

Based on the application type, the decorative concrete market is segmented as floors, walls, driveways and sidewalks, patios, and others. The floors segment is expected to be the fastest-growing segment of the market during the forecast period. Floors offer various benefits which increase their demand. A wide variety of textures, patterns, designs, and logos can be imparted to decorative concretes, which enhances the aesthetic appeal of floors. The capability of decorative concrete to offer skid-resistance and high strength makes it more preferable, as it withstands heavy foot traffic, which in turn, increases its demand for the floors’ segment.

 

 

 

Go through the Table of Contents: (https://www.stratviewresearch.com/toc/930/decorative-concrete-market.html)

Which key questions will this report answer?

This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.

Some of the key questions answered by 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 key strategies adopted by the market players?

Which segments offer the greatest opportunities?

Which are the most attractive regions?

What are the key success factors for the market players?

How does the business environment impact the market?

Which strategic alliances have taken place recently and their significance?

 

Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.

Know more about us:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as Advanced Materials, Aerospace & Defense, Automotive & Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our market veterans make sure to have a deep research about the topics so that the most useful and authentic insights can be delivered to the professionals.

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