The decorative concrete industry has maintained relatively optimistic growth the past four years, which will continue into 2024, according to a new report by Gartner.
The market maintained an average annual growth rate of 0.04% from $7.6 billion in 2014 to $9.3 billion in 2019. Analysts believe market size will be further expanded by 2024, reaching $12.8 billion.
Key competitors in the global decorative concrete market include: Basf Se, Ppg Industries Inc., 3M Company, E.I. Du Pont De Nemours and Company, Rpm International Inc., Huntsman International LLC,The Sherwin-Williams Company, Boral Limited, Cemex, S.A.B De C.V., Sika Ag, Ultratech Cement Limited, and Arkema Sa.
The major product types that make up the industry are stamped concrete, stained concrete, concrete overlays, colored concrete and polished concrete. Major applications of decorative concrete are floors, walls, driveways and sidewalks, and patios.