The global terrazzo flooring market size reached US$ 25.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Terrazzo flooring exemplifies the beauty of mosaic flooring by featuring intricate fragments of granite or marble set within cement or epoxy resin. This flooring option encompasses a wide range of aggregate materials, such as stones, marbles, quartz, granite, concrete, glass, and marble. These materials are mixed with either a polymeric or cement-based binder. The manufacturing process involves pouring cement onto a damp, even surface, and then applying a terrazzo mixture made of plastic. The mixture is carefully compressed through rolling or pressing. Terrazzo flooring offers exceptional versatility, allowing customization to suit individual preferences with a variety of colors, patterns, and specks. Additionally, this flooring choice requires minimal maintenance, making upkeep hassle-free.
Terrazzo Flooring Market Trends And Drivers:
Terrazzo flooring is gaining increasing traction in the market, thanks to its outstanding qualities. Its durability, non-porous nature, and easy maintenance make it a preferred choice for many. The demand for terrazzo flooring is further fueled by the rising number of commercial and residential construction projects worldwide. Additionally, the construction industry’s growing emphasis on eco-friendly practices has resulted in a surge in the use of sustainable materials like terrazzo, contributing to a positive market outlook. Moreover, the market benefits from the escalating investments in retrofitting projects and the growing focus on high-end interior design in apartments. Furthermore, the widespread adoption of terrazzo flooring, which offers excellent anti-slip properties, serves as a catalyst for the market growth.
Global Terrazzo Flooring Market 2023-2028 Analysis And Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
4M Group, Concord Terrazzo Company Inc., Diespeker & Co., Kingspan Group plc, KREZ Group, Quiligotti Terrazzo Tiles Limited, RBC Industries Inc., RPM International Inc., Terrazzo Masters and The Venice Art Terrazzo Co. Inc.
The report has segmented the market on the basis of region, type and application.
Breakup by Type:
- Epoxy Terrazzo
- Cement-based Terrazzo
Breakup by Application:
- Educational Institutions
- Commercial
- Government Buildings
- Transport Infrastructure
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key Highlights Of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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