Research Methodology on Decorative Concrete Market
Abstract
This research report provides a comprehensive survey of the global decorative concrete market over the next seven years. The research report developed by Market Research Future (MRFR) outlines the recent market developments, industry structure, and market dynamics. The report also presents a detailed description of the market forecast by types, applications, regions, and companies. The global decorative concrete market is expected to register a healthy CAGR from 2023 to 2030, indicating a strong growth trend in the market over the forecast period.
Introduction
Decorative concrete is concrete made specifically for decorative purposes. It can be used on walls and floors to create an aesthetically pleasing look. Decorative concrete is usually designed to be durable, low-maintenance, and easy to clean. It is typically applied using various methods such as stamping, coating, overlay, staining, and dying. Some of the common applications of decorative concrete are driveways, patios, sidewalks, and pool decks. The use of decorative concrete is becoming increasingly popular due to the various advantages that it provides, such as strength, variety of colours and finishes, resistance to wear, and low cost.
Research Methodology
This research work provides an in-depth insight into the global decorative concrete market by conducting extensive primary and secondary research. Both top-down and bottom-up approaches have been employed to estimate and validate the size of the market and to estimate the sizes of various other dependent submarkets. A comprehensive database covering all aspects of the market was compiled to gain qualitative and quantitative insights into the market dynamics and future prospects. Primary interviews were conducted with industry experts and key opinion leaders to validate the data and gather the current market trends.
In the first stage of the research process, the market size and forecast were estimated using secondary data such as regulatory databases, white papers, trade associations, certified publications, and paid databases. This was followed by the data collected through various primary sources such as interviews with industry experts, industry experts, company executives, and influencers. The factor analysis method was then used to identify the driving and restraining factors for the growth of the market.
The demand-side data was collected from various end-user industries, such as highways, parking lots, airports, and buildings. The supply-side data was collected from the key players production capacities and their supply portfolios. The time-series analysis method was used to understand the historical trends and estimate the future outlook of the market. The data collected was triangulated by studying the regional demand-supply dynamics, vendor share analysis, pricing analysis, industry expert opinion, and other relevant databases.
Conclusion
The global decorative concrete market is expected to register a healthy CAGR over the forecast period 2023 to 2030. The growing demand for decorative concrete from end-use industries, coupled with technological advancements and increasing applications of decorative concrete, is expected to drive the market growth over the forecast period. In addition, the increasing demand for luxury homes and infrastructural developments, such as highways, airports, and parking lots, is expected to create new opportunities for the market over the forecast period 2023 to 2030.