Decorative Concrete Market Will Reach USD 26.8 Billion By 2030 In 2023, the decorative concrete industry yielded USD 18.0 billion in revenue. It is projected to experience a compound annual growth rate of 5.9% from 2024 to 2030, aiming to achieve a value of USD 26.8 billion by 2030. This is mainly because of its utilization in several commercial and residential structures because of its eco-friendly value and aesthetic appeal. Its working is not just limited to as of simple plain gray concrete, it is also very much utilized for several construction activities such as statues and other home decoration artifacts. Plain Gray concrete can be altered into ornamental concrete in a count of ways, like by including a range of admixtures during the pouring procedure and adding a range of colors that surge the final product’s aesthetic appeal and strength. The Ministry of Environment, Forests, and Climate Change (MoEFCC) has introduced the draft Green Credit Program Implementation Rules 2023. This initiative allows various stakeholders, including individuals, farmer-producer organizations (FPOs), industries, and local bodies, to earn green credits by engaging in activities that have a positive environmental impact. There's a growing trend towards incorporating green building components in new constructions, reflecting the increasing popularity of this approach. The rising urbanization and rising populace are the key factors for the growing count of infrastructure and construction activities, which, ultimately, boost the development of this industry. Under the Union Budget of 2023–24, the infrastructure was given USD 122 billion, which was around 3.3% of the Indian GDP and was around 3 times the sum allowed in the 2019–20 budget. The constant surge in the concrete industry is because of aesthetic appeal and the range of choices provided to customers to choose from. Concrete originates its worth from the price of its byproducts like coarse aggregates, cement, and fine aggregates, and their ease of obtainability. Raw materials needed for the making of decorative concrete have an unstable cost, therefore the variability in the cost of raw materials affects the price of the finished items to customers.   Decorative concrete involves numerous types like stamped, stained, colored, polished, epoxy, and overlay, which can apparently duplicate the natural appearance of stones, bricks, tiles, and natural wood textures. Among others, stamped concrete which is the most preferred during the decoration holds the largest market coverage rather than other kinds of concrete. In 2023, the category of the floor had the largest industry share, of 45%, because of its reasons such as durability, longevity, low maintenance, and appealing appearance. In 2023, the North American region had the largest share 40%, in the decorative concrete industry. This is because of the growing populace and technical improvements in the infrastructure industry. Also, the count of single-family houses is growing in several states of the U.S. Source: P&S Intelligence

Urban Air Mobility Set to Transform Travelling in Future Urban air mobility basically refers to the urban transportation systems that provide air commuting options to the people. In many major cities and towns, these solutions are rapidly becoming popular, because of the rising road traffic congestion. For example, it has been observed with the help of surveys and studies that “the people in the U.S. spend, on an average, 90 hours in traffic jams every year”. Furthermore, due to these long traffic jams, “their expenditure on travelling increases by more than $1,000 each year”. Get More Insights: https://www.psmarketresearch.com/market-analysis/urban-air-mobility-market Besides the surging road traffic, “the increasing population levels and number of vehicles have also increased the incidence of road accidents, particularly in the developing nations such as India, China, and Indonesia”. Additionally, many travel and transportation companies are increasingly testing autonomous aerial systems for everyday commuting in many countries around the world. Due to these factors, the value of the global urban air mobility (UAM) market is predicted to rise from $895.0 million to $6,889.4 million from 2023 to 2030. The market is also predicted to exhibit a CAGR of 33.9% from 2023 to 2030. Passenger and cargo aircrafts are the two main types of UAM systems available in the market. Between the two, the adoption of passenger aircrafts will be higher in the coming years. Additionally, “these aircrafts will generate huge revenue in the urban air mobility market in future, on account of the fact that the tariffs for these services would be kept much higher” than that of the cargo planes, owing to their higher demand, especially in the major cities. These urban aircrafts have two types of operating systems namely autonomous and piloted systems. Of these, “the adoption of autonomous operating systems will be higher in the urban mobility systems during 2020—2030”. This is mainly credited to the fact that the planes running on autonomous operating systems are preferred for use in both passenger and cargo services by both the customers and manufacturers over the piloted aircrafts. Furthermore, various aircraft manufacturing companies, infrastructure providers, and researchers working on airspace integration are increasingly making huge investments in autonomous air mobility solutions in order to develop better autonomous aircrafts. In the future years, “Europe will observe the fastest growth in the adoption of UAM solutions” as compared to the other regions in the world, as per the calculations of P&S Intelligence, a market research company. This is ascribed to the soaring investments being made in France and Germany for increasing the procurement rate of the electric vertical takeoff and landing (eVTOL) aircrafts for commercial services. Additionally, the enhancing manufacturing capacities of the UAM firms based in Europe and the rising adoption of automated systems will further boost the adoption of UAM solutions in the region in future. Therefore, it can be said without any hesitation that the demand for UAM solutions will rise considerably throughout the world over the next several years, primarily because of the increasing prevalence of road accidents and increasing traffic congestion in major urban areas around the world.