Global Decorative Concrete Market: Key Highlights
Global Decorative Concrete Market: Key Market Dynamics
Global Decorative Concrete Market: Regional Overview
In North America, homeowners are more engaged in investing in renovating their homes rather than buying a new once. This was attributed to the rising population, improved standard of living, and government initiatives, coupled with awareness regarding the use of eco-friendly materials. For instance, in June 2019, Government of Wichita in Kansas, U.S. has announced construction and renovation of six swimming pools which are planned to be decorated using decorative concretes. However, such renovation activities will boost the demand for decorative concrete.
Thus, ongoing remodeling and renovation activities are expected to propel the market growth in North America decorative concrete market
Asia-Pacific is witnessing strong growth in the market owing to the growing construction industry in developing economies such as India, the Philippines, China, Vietnam, and Indonesia. Moreover, An increase in disposable income coupled with an increase in the middle-class population has facilitated the expansion in the construction activities in the region are the driving factors behind the growth of the market.
Thus, ongoing construction and infrastructure activities in the developing nation have expected to boost the demand for the decorative concrete market.
Global Decorative Concrete Market: Key Players Overview
CHRYSO SAS was incorporated in 1942 and is one of the leading player in specialty chemical dedicated towards the construction industry. The company has 22 subsidiaries, 26 manufacturing sites, and 5 research & development centers across the globe. In November 2018, CHRYSO SAS acquired BMC DIFFUSION, a company specializes in commercialization of process, materials, and equipment for decorative concrete market. This, acquisition which will help the company to continue its development in the decorative cement market, and extend its network across the globe.
Sika AG is a specialty chemical company and was incorporated in 1910. The company is active in the development and production of systems and products for sealing, damping, bonding, reinforcing, and protecting in the building sector and the motor vehicle industryIt has subsidiaries in 101 countries around the globe and over 300 manufacturing factories. In Nov 2017, Sika AG acquired Butterfield Color Inc., a US market leader in the manufacturing of decorative concrete floor products and systems. This acquisition will help to grow the company’s business in North America by reaching new contractor customers with a better penetration of projects.
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