Stamped Concrete Market Insights
The global stamped concrete market is expected to grow at an exponential CAGR over the coming years. The high strength and ease of installation offered by stamped concrete is anticipated to increase its demand in the future. Growing repair & renovation activities coupled with increasing investments in construction activities across the world are some of the factors predicted to augment market growth.
The demand is expected to grow exponentially in the Asia Pacific and Middle Eastern & African region. High investment in housing developments and rapid industrialization in developing countries of these regions are projected to positively impact demand. Stamped concrete improves the aesthetic appeal of an establishment or facility, thereby, enhancing its demand over the coming years. The wide range of designs, patterns, colors, and textures available in the stamped concrete market will further contribute to its demand over the forecast period.
Stamped Concrete Market: Application Insights
On the basis of application, the stamped concrete market is divided into floors, walls, driveways & sidewalks, and patios among others. The demand for stamped concrete for floor applications is expected to increase exponentially. Increasing spending on repair & renovation activities is expected to positively influence demand for decorative concrete. Skid resistance offered by stamped concrete increases its preference in sidewalks, driveways, and patios.
Stamped Concrete Market: End-use Insights
On the basis of end-use, the market is segmented into residential and non-residential applications of stamped concrete. Growing investments in multi-dwelling complexes and housing developments in Asia Pacific and the Middle East & Africa are projected to foster demand for stamped concrete. Development and upgradation or renovation of office buildings, shopping malls, educational institutes, and government establishments are anticipated to increase demand for decorative concrete over the coming years.
Stamped Concrete Market: Regional Insights
The building & construction industry is expected to grow at a high CAGR in countries such as China, India, and Japan. Emerging countries in Southeast Asia such as Malaysia, Philippines and Indonesia are also expected to invest heavily in construction and infrastructure development activities.
The demand for stamped concrete in the Middle East & Africa is anticipated to increase tremendously due to large scale investments in the construction industry. The shifting dependence on oil has led to the development of manufacturing industries and commercial zones in countries such as UAE, South Africa, and Saudi Arabia among others
The recovering European industry has increased focus on developing industrial & residential construction and infrastructural development in European countries. Countries such as Peru, Chile, and Colombia are also expected to register high growth in housing developments and repair & renovation activities.
Stamped Concrete Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase stamped concrete over the coming years. Some leading consumers in the market include Keller Williams Realty, Inc., The Corcoran Group, and CBRE Group among others.
Stamped Concrete Market: Competitive Landscape
Some of the companies engaged in the manufacture of stamped concrete include BASF SE, PPG Industries, Inc., 3M Company, The Sherwin-Williams Company, RPM International Inc., Sika AG, Arkema SA, Boral Limited, Huntsman International LLC, Mcknight Custom Concrete, Inc., The Euclid Chemical Company, Fosroc International, and Hexion Inc. among others. The increasing investments in developing new designs and materials in the concrete market is expected to create new opportunities for growth in this market.