Decorative Concrete Market

PPG Industries, Inc. (US) and BASF SE (Germany) are Leading Players in the Decorative Concrete Market

The Global Decorative Concrete Market size is projected to grow from USD 18.3 billion in 2023 to USD 24.3 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.

The decorative concrete market has witnessed significant growth and innovation, driven by the increasing demand for aesthetically pleasing and customized construction solutions. This market caters to individuals, businesses, and industries looking to elevate the visual appeal of their spaces while maintaining the structural integrity provided by traditional concrete. Decorative concrete offers a plethora of options, including stamped patterns, textured finishes, colored pigments, exposed aggregates, and intricate designs, providing a versatile canvas for creative expression in both interior and exterior applications. With a focus on customization and personalization, the decorative concrete market continues to expand as a preferred choice for those seeking unique and visually striking solutions in the realm of construction and design.

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The decorative concrete market comprises a multitude of companies that thrive in their respective domestic markets. Among the prominent players are PPG Industries, Inc. (US), BASF SE (Germany), RPM International Inc. (US), The Sherwin-Williams Company (US), UltraTech Cement Limited (India), SIKA AG (Switzerland), CEMEX, S.A.B. de C.V. (Mexico), and others. These key industry participants have employed diverse strategies for growth, including mergers and acquisitions, investment initiatives and expansions, collaborations, partnerships, joint ventures, and the development of new products, all aimed at bolstering their market presence and expanding their product offerings.

PPG Industries Inc. stands as a global leader in the manufacturing and distribution of paints, coatings, and specialty materials. With a rich history dating back to 1883, PPG has evolved into an innovative company that provides a wide range of products for various industries, including automotive, aerospace, construction, and consumer goods. PPG is recognized for its commitment to sustainability, technology-driven solutions, and high-performance coatings. The company's diverse portfolio includes paints, stains, optical and specialty materials, decorative materials, and it continues to play a pivotal role in shaping industries through its dedication to quality, innovation, and environmental responsibility.

BASF SE, headquartered in Ludwigshafen, Germany, is a leading multinational chemical company with a global presence. Established in 1865, BASF has grown into one of the largest chemical producers globally, offering a diverse range of products and solutions. The company operates in various segments, including chemicals, performance products, functional materials and solutions, agricultural solutions, and oil and gas. BASF is known for its commitment to sustainable practices, innovation, and research and development. The company's influence extends across industries, providing solutions for agriculture, automotive, construction, and consumer goods. With a focus on creating chemistry for a sustainable future, BASF continues to contribute significantly to shaping the landscape of the chemical industry worldwide.

Sika AG, a Swiss multinational specialty chemical company, is at the forefront of providing innovative solutions in the construction and industrial sectors. Established in 1910, Sika has evolved into a global leader, offering a comprehensive range of products for concrete admixtures, sealants, adhesives, and other specialty chemicals. The company's cutting-edge technologies and systems contribute to the durability, sustainability, and efficiency of construction projects worldwide. Sika's solutions are widely used in infrastructure development, residential and commercial construction, and industrial manufacturing. With a strong commitment to quality, sustainability, and customer satisfaction, Sika continues to play a vital role in advancing the standards of the construction industry globally.

The companies have initiated the following developments:

  • In October 2022, The Sherwin-Williams Company initiated the construction of a new facility. The expansion included a 36,000-square-foot addition to the existing 200,000-square-foot manufacturing facility.
  • In October 2021, Sherwin-Williams Company officially initiated the construction of its new global research and development center. This state-of-the-art facility was planned to serve as a hub for product development.
  • In September 2020, PPG introduced PPG Flooring coatings, a versatile range of coating systems comprising prime coats, base coats, and topcoats.
  • In January 2020, BASE SE launched its Master Builders Solutions concrete admixture. These play a crucial role in enabling the creation of premium fair-faced concrete while simultaneously enhancing efficiency in the construction process.
  • In November 2023, Sika acquired a 30% stake in Concria Oy, a Finnish startup specializing in innovative concrete floors.
  • In September 2021, RPM International Inc. acquired a manufacturing plant in Texas as part of its strategy to meet growing customer demand and optimize operationa

Related Reports:

Decorative Concrete Market by Type (Stamped, Stained, Colored, Polished, Epoxy, Concrete Overlays), Application (Floors, Walls, Driveways & sidewalks, Pool decks), End-use Industry (Residential, Non-residential), and Region - Global Forecast to 2028

Mr. Aashish Mehra
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Decorative Concrete Market Size,  Share & Growth Report
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