IMARC Group has recently released a new research study titled “Global Terrazzo Flooring Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What is the projected market size & growth rate of the Terrazzo Flooring Industry?
The global terrazzo flooring market reached a value of US$ 24.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.7 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027.
What is Terrazzo Flooring?
Terrazzo flooring is made by combining a cement base with a mixture of ground minerals such as marble, glass, quartz, and other suitable materials. It incorporates cementitious and epoxy floorings, which can be used in indoor and outdoor spaces. It exhibits better color consistency, enhanced performance, high durability, and anti-slip features. In addition, it is low maintenance and can be easily cleaned without polishing, scouring, and scrubbing. As a result, terrazzo flooring is widely used across residential, education, healthcare, commercial, and government sectors.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the key driving factors for the growth of the terrazzo flooring market?
The market is primarily driven by the rising construction and redevelopment activities in the residential and commercial sectors across the world. In addition, the escalating demand for green and eco-friendly floorings represents another growth-inducing factor. Moreover, the rising trend of interior designing due to the inflating incomes and improving living standards of individuals is escalating the demand for terrazzo floorings that offer creative finishing and high design flexibility.
Other factors, including the rising investments in retrofitting activities, the increasing utilization of these floorings for aesthetically appealing outdoor amusement areas, and extensive mergers and acquisition (M&A) activities conducted by the key players, are also creating a positive market outlook.
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| Terrazzo Flooring Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 24.13 Billion |
| Market forecast in 2027 | US$ 29.7 Billion |
| Growth Rate | CAGR of 3.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global terrazzo flooring market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, type and application.
Breakup by Type:
- Epoxy Terrazzo
- Cement-based Terrazzo
Breakup by Application:
- Educational Institutions
- Commercial
- Government Buildings
- Transport Infrastructure
- Others
By Geography:
- 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
List of Major Key Players:
- 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
- The Venice Art Terrazzo Co. Inc.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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