Terrazzo Flooring Market Size And Forecast
The market for terrazzo flooring was estimated to be worth USD 26372 million in 2021 and is anticipated to rise to USD 4077.7 million by 2028, at a CAGR of 5.0%.
Due to increased investments in renovation projects and a rise in the significance of interior design in the construction industry, the market for terrazzo flooring has experienced rapid expansion. The benefits that this flooring offers over other forms of flooring, including as elegance and high-end aesthetics, are another factor driving the growth of the terrazzo flooring market.
The market is comprehensively evaluated in the study on the global terrazzo flooring industry. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
What does Terrazzo flooring entail?
A mixture of cement and marble chips in varying ratios, along with durable aggregates, matrix, and colour, is used to create terrazzo. Sections or variances in colour or material in a pattern are commonly divided by metal strips. Before the mixture settles, additional chips can be added on top. After it has dried, it is ground and smoothed down or otherwise treated to create a surface with a consistent texture.
The term “terrazzo” is widely used to describe any style that resembles the original terrazzo floors. It is a premium, long-lasting product that is hygienic and simple to maintain. It is well-known for being an inexpensive flooring material and is typically seen in commercial buildings and locations like supermarkets, airports, train stations, hospitals, and waiting rooms.
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Overview of the world terrazzo flooring market
The growth of retrofitting projects and the importance of interior design in the building industry are the main factors driving the global terrazzo flooring market. It is also projected that the worldwide terrazzo floors market will be driven by the rapid growth of tourism and hospitality, as well as the increase in commercial and residential building in developing nations like China, India, and South Korea.
The benefits that this flooring offers over other forms of flooring, including as elegance and high-end aesthetics, are another factor driving the growth of the terrazzo flooring market. Additionally, the demand for these floorings among residential end-users is being met by the rise in millennial home purchasers’ interest in visually pleasing outdoor recreation areas. Additionally, major market players have implemented a variety of methods, including business expansion and acquisition, to improve their market presence, which fosters the market’s expansion.
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Terrazzo Flooring Market by Type
- Epoxy Terrazzo
- Cement-based Terrazzo
Terrazzo Flooring Market by Application
- Educational Institutions
- Commercial Buildings
- Government Buildings
- Transport Infrastructure
Terrazzo Flooring Market by Geography
- North America
- Asia Pacific
- Rest of the world.
Key Players In Terrazzo Flooring Market
- The Stonhard Group
- Heritage Glass Inc.
- Surface Technology Inc.
- Key Resin Co.
- Universal Marble & Granite Group Ltd.
- The Venice Art Terrazzo Co. Inc.
- Quiligotti Terrazzo Tiles Limited
- Kingspan Group Plc.
- Doyle Dickerson Terrazzo Inc
- Concord Terrazzo Company Inc.
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa