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Terrazzo Flooring Market Worth $31,951.2 Million in 2025 | by Type, Application

03-08-2021 06:05 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Terrazzo Flooring Market

Terrazzo Flooring Market

Flooring refers to permanent covering of floors that manages landscape attributes for visual appeal, pedestrian movement, and provide support to other infrastructural elements. Terrazzo comprises recycled aggregates such as recycled glass pieces, marble chips, and others coupled with the binding matrix such as epoxy resin or cement.

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According to a new report published by Allied Market Research, titled, "Terrazzo Flooring Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," 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 fabricated by using an epoxy matrix or cement matrix composite to bind aggregates such as marble pieces, glass pieces, or other suitable material. Increase in demand for flooring due to rise in construction projects across different regions propel the growth of the global terrazzo flooring market. In addition, improved finish offered by these floorings enhances the aesthetics and makes the room look spacious, thereby propelling the growth of the market. However, high initial cost and high cost of laying tiles are anticipated to restrain the market growth.

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Key Segments

By Type

Epoxy Terrazzo
Cement-based Terrazzo

By Application

Educational Institutions
Commercial
Government Buildings
Transport Infrastructure
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players

The key players profiled in this report include 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.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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