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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Terrazzo flooring is made by combining granite, marble, quartz, shell, glass, or other suitable materials with a cement or epoxy resin binder. It comprises epoxy and cementitious floorings which can be used both indoors and outdoors. It is non-porous, mold and chemical resistant with low maintenance and lifecycle costs, and easy to clean without any scouring, polishing, or scrubbing. It has high durability, better color consistency and performance, and anti-slip features. As a result, terrazzo flooring finds extensive applications in the education, healthcare, residential, commercial, and government sectors.
At present, there is a rise in construction and renovation activities in the residential and commercial sectors around the world. This, along with the growing demand for green and eco-friendly floorings, represents one of the key factors driving the market. Moreover, there is an increase in the construction of educational institutes and universities worldwide. This, coupled with the rising interior designing in the construction industry, is strengthening the growth of the market. Additionally, the escalating demand for aesthetically appealing outdoor entertainment areas among millennial property buyers is positively influencing the market. Apart from this, several benefits offered by terrazzo floorings, such as creative finishing and high design flexibility, are propelling the growth of the market. Besides this, rising investments in retrofitting activities across the globe are offering lucrative growth opportunities to industry investors. In addition, key market players are focusing on various marketing strategies, such as business development and mergers and acquisition (M&A), to increase their overall sales and profitability. In line with this, the versatility and suitability of terrazzo floorings for bedrooms, bathrooms, or kitchens is bolstering the growth of the market.
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 type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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