Pigmented concrete is used for renovation and remodeling in the construction industry. It has higher moisture resistance and lower maintenance cost in comparison of marble and granite. In addition, glossy aesthetic appearance of pigment concrete is appealing to customers. A concrete pigment is an iron oxide pigment which is required for making of integral concrete coloring. It is available in both powder or fluid form. Due to integral coloring, many choices of concrete color are available in the market. Several manufacturers offer more than 20 standard concrete color additives and custom color matching services. These concrete pigments exhibit low likelihood fading. The applications of pigmented concrete is on floors, walls, and countertops which provides uniform tones without variations. They serve as an alternative to shake on color hardness because it creates an mess and cleanup is required.
COVID-19 Impact Analysis
- COVID-19 pandemic has led to halt in production of various products in the pigmented concrete industry attributed to the lockdown in countries worldwide. This has hampered the growth of the pigmented concrete market in 2020.
- COVID-19 has already affected the sales of the pigmented concrete in the second and third quarter of 2020; however, is anticipated to revive in 2021.
- The major demand for pigmented concrete was previously noticed from countries including the U.S., Germany, Italy, the UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for pigmented concrete.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Pigmented concrete manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. On the contrary, few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Pigmented concrete manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
High quality finish, aesthetic appearance, and enhanced moisture resistance of pigment concrete are the key driving factors of the global market. Moreover, customers prefer pigment concrete for its low cost maintenance and high strength over marbles and granite stones. In addition, change in lifestyle and investment on home decoration boost the demand for pigment concrete, thus augmenting the market growth. Furthermore, pigment concrete can be applied easily on existing surface with a short operating process, which reduces the operating cost. Rise in demand for trending customized walls, doors, and flooring boosts the global market growth.
Market Trends
- Boost in real estate business and renovation of public infrastructure such as airport and hospital is expected to raise the demand in Asia-Pacific.
- Key players in the market are acquiring and collaborating with local vendors. For instance, in June 2021, PPG Industries, a Finland-based company, acquired Tikkurila in an all-cash transaction.
- High use of pigment concrete in sidewalks and drive ways significantly propels the market growth.
- Owing to glossy appearance of pigment concrete, the commercial sector prefers it over marble and granite, which notably contributes toward the market growth.
Key Benefits of the Report
- This study presents the analytical depiction of the pigmented concrete industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Key Market Segments
- By Type
- Stained
- Dyed
- Paint
- Others
- By Application
- Walls
- Doors
- Driveways
- Others
- By End User
- Residential
- Non-Residential
- By Region
- North America
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- PPG Industries
- DUPONT
- BASF SE
- Arkema S.A
- Sika AG
- 3M Company
- RPM International
- Huntsman International LLC
- The Sherwin-Williams Company
- Boral Limited