Press release
Terrazzo Flooring Market Outlook with Company Profiles – 4m Group, Concord Terrazzo Company, Kingspan Group, KREZ Group, Quiligotti Terrazzo Tiles Limited and More
The global terrazzo flooring market is segmented based on type, application, and region. On the basis of type, the market is classified into epoxy terrazzo and cement-based terrazzo. The epoxy terrazzo segment is anticipated to dominate the global market throughout the study period. Depending on application, the market is segregated into educational institutions, commercial buildings, government buildings, transport infrastructure, and others. The residential segment is projected to lead the global market during the forecast period.
The global terrazzo flooring market was valued at $21,691.1 million in 2017, and is projected to reach $31,951.2 million in 2025, growing at a CAGR of 4.9%. Terrazzo is a type of hard surface flooring, which is produced using binding material such as epoxy or cement and pieces of recycled glass, marbles, and others.
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The growth of the global terrazzo flooring market is driven by the benefits offered by this flooring such as elegance and high-end aesthetics over other types of floorings. In addition, rise in demand for aesthetically appealing outdoor entertainment area among millennial property buyers fuel the need for these floorings among residential end users. However, high threat of substitutes, such as marble flooring and others, is one of the major challenges faced by the players operating in the industry. On the contrary, creative finishing and increased design flexibility offered by terrazzo for flooring are anticipated to provide lucrative opportunities for market expansion.
The global terrazzo flooring market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Indonesia, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the market throughout the forecast period, followed by Europe.
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The key players profiled in this report are 4m Group, Concord Terrazzo Company, Inc., Diespeker & Co., Kingspan Group, KREZ Group, Quiligotti Terrazzo Tiles Limited, RBC Industries, Inc., RPM International Inc., Terrazzo Masters, and Venice Art Terrazzo Co., Inc.
Related Report:
Global Hardwood Flooring Market Research Report 2018
This report studies the global Hardwood Flooring market status and forecast, categorizes the global Hardwood Flooring market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this report, such as Armstrong, Bruce Flooring, Berryalloc, Mono Serra, BLC Hardwood Flooring, Mohawk Industries, Shaw Industries, Greenply Industries, Boa-France, Chichasaw, China Flooring Holding and D&M Flooring.
Read More: https://www.bigmarketresearch.com/global-hardwood-flooring-market-research-report-2018-market?utm_source=RR-OPR&utm_medium=CC
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