Pigmented Concrete Market Size (2023 – 2030)

The Pigmented Concrete Market, size is estimated to grow from USD 15.51 billion in 2023 to USD 22.56 Billion by 2030. This market is witnessing a healthy CAGR of 5.5% from 2024 - 2030.

Industry Overview:

Pigmented concrete is used for renovation and redesigning in the development industry. It has greater moisture resistance and decreases protection price in contrast to marble and granite. In addition, the smooth aesthetic look of pigment concrete is attractive to customers. A concrete pigment is an iron oxide pigment that is required for the making of crucial concrete coloring. It is handy in each powder or fluid form. Due to necessary coloring, many preferences for concrete shade are accessible in the market. Several producers provide greater than 20 fashionable concrete color components and customized coloration matching services. These concrete pigments show off a low possibility of fading. The purpose of pigmented concrete is on floors, walls, and countertops which affords uniform tones except for variations. They serve as a choice to shake on shade hardness due to the fact it creates a mess and cleanup is required.

The high great finish, aesthetic appearance, and superior moisture resistance of pigment concrete are the key using elements of the international market. Moreover, clients choose pigment concrete for its low fee protection and excessive energy over marbles and granite stones. In addition, trade in way of life and funding for domestic ornament increases the demand for pigment concrete, for this reason augmenting the market growth. Furthermore, pigment concrete can be utilized without difficulty on the current floor with a quick working process, which reduces the working cost. A rise in demand for trending custom-made walls, doors, and floor boosts the world market growth.

COVID-19 impact on the Pigmented Concrete Market

COVID-19 pandemic has led to a halting in manufacturing of a variety of merchandise in the pigmented concrete enterprise attributed to the lockdown in nations worldwide. This has hampered the boom of the pigmented concrete market in 2020. COVID-19 has already affected the income of the pigmented concrete in the 2nd and 1/3 quarter of 2020; however, is estimated to revive in 2021.

The essential demand for pigmented concrete was once earlier observed from international locations inclusive of the U.S., Germany, Italy, the UK, and India, which are negatively affected by the unfold of the coronavirus, thereby declining the demand for pigmented concrete.

Further, the practicable effect of the lockdown is presently indistinct and the monetary healing of agencies is absolutely primarily based on their monetary reserves. Pigmented concrete producers can come up with the money for a full lockdown solely for a few months, after which the gamers have to alter their funding plans. For instance, a number of gamers in the market halted their production of things to do for countless weeks to limit their expenses. On the contrary, few gamers additionally adopted worker lay-offs to maintain at some stage in the COVID-19 fitness crisis.

MARKET DRIVERS:

A rise in demand to provide an aesthetic touch to households is driving the growth of the market

The excessive demand for stamped concrete, particularly for setting up inn ground and different industrial buildings, is a most important aspect ensuing in an upsurge in demand. This is typically due to the sizable advantages of the stamped concrete, such as true esthetic attraction to floors, alongside its resistance to skidding and put on & tear brought on by way of heavy footfall. The demand is anticipated to develop considerably in the Asia Pacific and Middle East & Africa. High investments in housing traits and fast industrialization in growing international locations of these areas are predicted to improve the demand for stamped concrete. Stamped concrete improves the esthetic attraction of an institution or facility, thereby improving its demand over the coming years.

A rise in renovation and remodeling activities is also driving the growth of the market

Increasing remodeling and renovation operations in non-residential areas will speed up the demand for ornamental concrete throughout the forecast year. Furthermore, resort and motel proprietors are engaged in renovating the constructions of their retailers for enhancing their patron base and improving the lodging experience. For instance, In September 2019, JW Marriot opened a new lodge in Canberra (Australia), presenting cutting-edge sketch accents and polished concrete flooring, which similarly enhances the visible attraction of the floors. Rising investments from enterprise gamers in the retail quarter and residential development are similarly anticipated to propel the adaptation of ornamental concrete.

MARKET RESTRAINTS:

The volatile nature of the materials is restraining the growth of the market

Raw fabric and electricity used in manufacturing ornamental concrete have unstable expenditures and the style is set to proceed for the duration of the forecast period. The instability of petroleum and crude oil charges may additionally reason the charge of uncooked substances to rise, and, in turn, expand the fee of coatings, color pigments, cement, adhesives, and sealants used in ornamental concrete. Hence, the expenses of these substances have a direct influence on the price of ornamental concrete. With an expansion in the fee of uncooked materials, carriers extend the fee of their merchandise or minimize their income margins, which will have a destructive impact on market growth.

GLOBAL PIGMENTED CONCRETE MARKET REPORT COVERAGE:

Pigmented Concrete Market- Type:

• • Stained

  •  Dyed

  •  Paint

  • Tinted Sealers

  • Integral Color

  • Dry Shake Color Hardener

Based on the type, Dyes are amongst the most desired pigmented concrete sorts in the floor application. Aesthetic look with an excessive gloss end is a key attributing aspect to the pressure boom in this segment. Pigmented concrete dyes are penetrating and translucent coloring solutions. Unlike stains, this cement does now not supply chemical reactions to cement. In its place, they grant a nice coloring agent that penetrates the floor to provide a sleek finish. The product holds high manageable as a choice to granite, marble, linoleum, and ground due to excessive cost-effectiveness and capacity to preserve greater foot pressure. Less upkeep and excessive moisture resistance make them the first-rate for inns & restaurants, malls, and retail save applications.

Pigmented Concrete Market - By Application:

• Residential Walls

• Floors

• Driveways & Sidewalks

• Pool Decks

• Patios

Based on application, Driveways & sidewalks will witness the perfect boom over the forecast period. The rising demand for fascinating driveways focusing on special issues and decorations will power the demand in this segment. Stained pigmented concrete is cited to be the most desired preference in the driveways & sidewalks. Minimal renovation to preserve the texture and shade of the walkway alongside its applicability on the current floor except for any extra price are essential advantages provided with the aid of the stained concrete.

Pigmented Concrete Market - By End-Use:

• Residential

• Non-Residential

By End Users, the residential quarter is anticipated to witness the quickest increase in the coming years. Expansion in the actual property enterprise alongside rising demand for domestic redesigning will stimulate the demand in this segment. An extended desire for township houses amongst the customers whilst investing in homes has influenced the development organizations to improvise the ordinary domestic experience. Moreover, the developing style to redesign the pre-owned homes and promote them at a greater charge has resulted in extra funding for ornamental partitions and flooring.

Pigmented Concrete Market- By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East

• Africa

Geographically, Asia Pacific pigmented concrete market is projected to account for a considerable market share by way of 2030. An extension in infrastructure spending alongside developing demand for redesigning constructions in the residential & non-residential sectors will gasoline the regional growth. Government initiatives to repair public homes and areas to enhance the country’s infrastructure are key contributing elements to growing pigmented concrete demand.

North America will witness around a 6.5% increase at some point in the forecast period. Factors such as excessive funding in industrial and residential redesigning & renovation tasks accompanied with the aid of authorities’ intervention to hold the constructing shape for protection functions will enhance the regional enterprise growth.

Pigmented Concrete Market Share by Company

Companies like

1. PPG Industries Inc.

2. BASF SE

3. 3M Company

4. The Sherwin-Williams Company

5. RPM International Inc.

6. DUPONT

7. Huntsman International LLC

8. Boral Limited

9. Sika AG

10. Arkema S.A.

11. Ultratech Cement Limited

12. RPM International Inc

And others are playing a pivotal role in the market.

For example, PPG Industries initiated the acquisition process of Tikkurila, a Finland-based paint & coating manufacturer. The deal will be finalized by the 2nd quarter of 2021. The Finnish company has a stronghold in European countries for its decorative paint brands. The acquisition will benefit PPG by cross-selling the products in new areas.

CEMEX launched Virtua, it's brand of low carbon ready-mix concrete, in the US after successful introductions in Mexico and Europe. The range consists of Virtua Classic, Virtua Plus and Virtua Ultra. Furthermore, the company sells Virtua Classic (which offers a 20–30% reduction in CO2 emissions), in Bay Area, Central Valley, Los Angeles, Sacramento, and San Diego, California.

Players are making a great effort in coming up with new technologies which are creating a deep impact on the market which is further estimated to grow the demand during the forecast period. These major players have been actively globalizing their presence through partnerships and strategic acquisitions of local and regional players, which is aiding their expansion into emerging markets.

NOTABLE HAPPENINGS IN THE GLOBAL PIGMENTED CONCRETE MARKET IN THE RECENT PAST:

• Partnership - In Feb 2022, PPG Industries will complete its acquisition of a Finland-based company i.e., Tikkurila. The company is a renowned manufacturer and distributor of decorative paints and coatings in Finland.

• Acquisition- In Jan 2022, Arkema strengthens Bostik with the acquisition of Ideal Work (Italy), which specialized in decorative flooring technologies. This project is in line with Arkema’s targeted growth strategy in adhesives, based on cutting-edge technologies that perfectly complete Bostik’s existing offering for the construction market