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Terrazzo Flooring Market Size, Share, Growth Analysis by 2025 | by Type, Application

05-24-2021 06:40 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Terrazzo Flooring Market

Terrazzo Flooring Market

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%. The epoxy terrazzo segment accounted for more than two-thirds of the market share in 2017, and is expected to witness significant growth during the forecast period.

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Enhanced sustainability and high strength offered by terrazzo floorings fuel their demand, thereby driving the growth of the global market. Furthermore, rise in investment in interior designing and retrofitting activities in residential & commercial properties boost the market growth.

Moreover, upsurge in demand for terrazzo in outdoor applications such as for pools, stairs, patios, garages, and others is projected to positively contribute toward the growth of the industry.

However, high threat of substitutes, such as vinyl flooring, wooden flooring, and others, is expected to hinder the market growth. Conversely, rise in per capita income in the emerging economies such as Asia-Pacific and LAMEA is expected to create lucrative opportunities for market expansion.

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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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

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Contact:
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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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