Terrazzo originated in Italy, where marble-workers would take the crumbs of their work home, mix them with cement and create faux-stone floors for their terraces. Since then, terrazzo floors have grown into an art form all their own with a wide range of styles and possibilities. Classic terrazzo is a mixture of marble fragments, called the aggregate, and a cementations binding agent, called the matrix. It is resilient and can be used inside and outside and it can be cast in place or laid in manufactured tiles.
Today terrazzo serves as a green building material used in universities, hospitals, airports, office lobbies and other commercial and residential properties.
Key factors driving growth in educational segment includes custom-made designs coupled with extended product lifespan features offered by terrazzo which is growing its preference for institutions, schools, universities, auditoriums. An increasing number of universities, institutions & schools are anticipated to contribute significantly towards overall industry demand in the application segment.
Key manufacturers are Kingspan Group, RPM, H. B. Fuller Construction Products, SHW, UMGG, Doyle Dickerson Terrazzo, HJJC, Guangxi Mishi, Terrazzco, Lijie Technology, Terrazzo USA, Beijing Lu Xingand etc. The product is considered to be inexpensive in nature on account of extremely low maintenance charges. However, the installation cost is higher as compared to other alternatives including coating, tiles, and polished concrete surfaces. Therefore, the presence of low-cost options, including ceramic tiles, is expected to impact overall industry growth negatively in the near future.
According to this study, over the next five years the Terrazzo Flooring market will register a 7.0% CAGR in terms of revenue, the global market size will reach US$ 4220 million by 2024, from US$ 2820 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Terrazzo Flooring business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Terrazzo Flooring market by product type, application, key manufacturers and key regions and countries.
This study considers the Terrazzo Flooring value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Inorganic Terrazzo
Epoxy Terrazzo
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Educational
Commercial
Healthcare and Pharmaceutical
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Kingspan Group
RPM
H. B. Fuller Construction Products
SHW
UMGG
Doyle Dickerson Terrazzo
HJJC
Guangxi Mishi
Terrazzco
Lijie Technology
Terrazzo USA
Beijing Lu Xing
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Terrazzo Flooring consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Terrazzo Flooring market by identifying its various subsegments.
Focuses on the key global Terrazzo Flooring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Terrazzo Flooring with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Terrazzo Flooring submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Terrazzo Flooring . Industry analysis & Market Report on Terrazzo Flooring is a syndicated market report, published as Global Terrazzo Flooring Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Terrazzo Flooring market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.