Terrazzo Flooring Market - Global Industry Analysis

Terrazzo Flooring Market By Type (Epoxy Terrazzo and Cement-based Terrazzo), By Application (Educational Institutions, Commercial Buildings, Government Buildings, and Transport Infrastructure), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 21-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 144 Report Code: ZMR-6968 Status : Published

The global terrazzo flooring market was valued at around $26372 million in 2021 and is projected to reach $4077.7 million by 2028 with a healthy CAGR of 5% over the forecast years.

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Description

Industry Perspective:

The global terrazzo flooring market was valued at around $26372 million in 2021 and is projected to reach $4077.7 million by 2028 with a healthy CAGR of 5% over the forecast years. The report offers a deep analysis of the growth factors, restraints, opportunities, and challenges present in the market. It offers insights into the market size and current trends to shape the future of the market.

Terrazzo Flooring Market: Overview

Terrazzo is a kind of composite material used in the construction of walls and floors. Terrazzo is made up of a different composition of glass, granite, quartz, marble, and other similar material in the polymeric, cementitious binder, or a combination of both forms. The size of the chip always varies from one to another. Terrazzo flooring is widely used in institutional, residential, and commercial spaces. Terrazzo is a heart surface flooring fabricated with epoxy or cement matrix composites. It binds aggregates like glass pieces, marble pieces, and other aesthetic materials. Terrazzo flooring is among the category of green building materials that are largely constructed in office lobbies, universities, and educational institutes. These floorings are preferred, particularly for aesthetic appearances. Terrazzo flooring is quite inexpensive in nature. It is a high-class, easily cleanable, and enduring hygienic product. Terrazzo insulation involves both the bonded and unbonded methods.

COVID-19 Impact:

The outbreak of the Covid-19 pandemic has significantly impacted the growth of the global terrazzo flooring market. Governments all across the world have imposed worldwide lockdowns and bans on transport and imports. Educational institutes and offices all across the globe were shut down. It is the primary reason for the decline of the global market during the period. There was a complete shutdown in the end-user sector of terrazzo flooring. However, the upliftment of lockdowns globally is likely to pose a huge growth opportunity in the global market. The initiation of renovation and construction activities due to the reopening of manufacturing units and offices after a long period of time is likely to propel the demand for terrazzo flooring in the forthcoming years.

Global Terrazzo Flooring Market

Terrazzo Flooring Market: Growth Drivers

Increasing commercial building replacements will drive the growth of the global market.

The rapid expansion of the hospitality and tourism sector has led to the rise in construction activities in recent years. There are massive renovation activities undergoing in the market, which is propelling the demand for terrazzo flooring. Additionally, there is a surging trend for green building materials to build sustainable properties, which in turn will also strengthen the demand in the global market. Manufacturers are investing heavily in research and development activities to come up with innovative products in the global market. Governments are also making several initiatives to revamp the public infrastructures with green building materials, which will also build the demand for terrazzo flooring.

Terrazzo Flooring Market: Restraints

Presence of substitutes is likely to hamper the growth of the global market.

The emergence of substitutes like marble flooring is one of the major factors which can hamper the growth of the global market. Terrazzo flooring requires high techno-scientific and labor-intensive work, which limits the number of contractors and increases the installation price. Therefore, it hinders the growth of the global market.

Terrazzo Flooring Market: Opportunities

Growing awareness among people regarding designing aesthetically appealing interiors will create a large number of opportunities in the global market.

The growing disposable income of people has significantly raised the living standard. Therefore, people are looking for elegant and high-end aesthetics, which in turn is likely to offer ample impetus to the growth of the global market. Due to the increase in demand for appealing outdoor and entertainment areas, the service providers are increasingly deploying terrazzo flooring among the residential areas. Leading market players are adopting several indirect and direct strategies like acquisition and business development to strengthen their business portfolio and market presence in the global market. Shifting preferences of people from traditional building and flooring choices to innovative aesthetically appealing anterior will further push the growth of the global market.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Terrazzo Flooring Market: Challenges

Lack of skilled labor is a huge challenge in the global market.

Terrazzo flooring requires high-tech capabilities and skills. There is not enough skilled labor available in the marketplace to deal with such growing demand for terrazzo flooring, which in turn has emerged as a key challenge in the global market.

Terrazzo Flooring Market: Segmentation

The global terrazzo flooring market can be segmented into type, application, and region.

By type, the market can be segmented into cement paste and epoxy terrazzo.

By applications, the market can be segmented into transport infrastructure, government building, commercial, educational institutes, and others.

Terrazzo Flooring Market: Regional Landscape

North America accounts for the largest share in the global terrazzo flooring market due to the high demand for terrazzo flooring in the region. Furthermore, the presence of enough skilled labor in the region will also contribute to the growth of the regional market. Market players are investing heavily to expand their research and development base in order to come up with innovative styles and patterns.

Asia Pacific is expected to be the fastest-growing region in the global terrazzo flooring market due to the growing disposable income of the people along with the rise in standards. Additionally, the growing initiatives of the regional government to completely revamp the public buildings into the green construction framework will also contribute towards the growth of the regional market.

Terrazzo Flooring Market: Competitive Landscape

Some of the significant players in the global terrazzo flooring market include The Stonhard Group, Heritage Glass, Inc., Surface Technology, Inc., Key Resin Co., Universal Marble & Granite Group Ltd., The Venice Art Terrazzo Co., Inc., Quiligotti Terrazzo Tiles Limited, Kingspan Group Plc., Doyle Dickerson Terrazzo, Inc, and Concord Terrazzo Company, Inc.

Global terrazzo flooring market is segmented as follows:

By Type

Epoxy Terrazzo
Cement-based Terrazzo

By Application

Educational Institutions
Commercial
Government Buildings
Transport Infrastructure
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Terrazzo Flooring Market, (2022 - 2028) (USD Million)
- 2.2 Global Terrazzo Flooring Market : snapshot
Chapter 3. Global Terrazzo Flooring Market - Industry Analysis
- 3.1 Terrazzo Flooring Market: Market Dynamics
- 3.2 Market Drivers
  - 3.2.1 Increasing commercial building replacements will drive the growth of the global market
- 3.3 Market Restraints
  - 3.3.1. Presence of substitutes is likely to hamper the growth of the global market
- 3.4 Market Opportunities
  - 3.4.1. Growing awareness among people regarding designing aesthetically appealing interiors will create a large number of opportunities in the global market
- 3.5 Market Challenges
  - 3.5.1. Lack of skilled labor is a huge challenge in the global market
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Type
  - 3.7.2 Market attractiveness analysis By Application
Chapter 4. Global Terrazzo Flooring Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Terrazzo Flooring Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Terrazzo Flooring Market - Type Analysis
- 5.1 Global Terrazzo Flooring Market overview: By Type
  - 5.1.1 Global Terrazzo Flooring Market share, By Type, 2021 and 2028
- 5.2 Epoxy Terrazzo
  - 5.2.1 Global Terrazzo Flooring Market by Epoxy Terrazzo, 2022 - 2028 (USD Million)
- 5.3 Cement-based Terrazzo
  - 5.3.1 Global Terrazzo Flooring Market by Cement-based Terrazzo, 2022 - 2028 (USD Million)
Chapter 6. Global Terrazzo Flooring Market - Application Analysis
- 6.1 Global Terrazzo Flooring Market overview: By Application
  - 6.1.1 Global Terrazzo Flooring Market share, By Application, 2021 and 2028
- 6.2 Educational Institutions
  - 6.2.1 Global Terrazzo Flooring Market by Educational Institutions, 2022 - 2028 (USD Million)
- 6.3 Commercial
  - 6.3.1 Global Terrazzo Flooring Market by Commercial, 2022 - 2028 (USD Million)
- 6.4 Government Buildings
  - 6.4.1 Global Terrazzo Flooring Market by Government Buildings, 2022 - 2028 (USD Million)
- 6.5 Transport Infrastructure
  - 6.5.1 Global Terrazzo Flooring Market by Transport Infrastructure, 2022 - 2028 (USD Million)
- 6.6 Others
  - 6.6.1 Global Terrazzo Flooring Market by Others, 2022 - 2028 (USD Million)
Chapter 7. Terrazzo Flooring Market - Regional Analysis
- 7.1 Global Terrazzo Flooring Market Regional Overview
- 7.2 Global Terrazzo Flooring Market Share, by Region, 2021 & 2028 (USD Million)
- 7.3. North America
  - 7.3.1 North America Terrazzo Flooring Market, 2022 - 2028 (USD Million)
    - 7.3.1.1 North America Terrazzo Flooring Market, by Country, 2022 - 2028 (USD Million)
- 7.4 North America Terrazzo Flooring Market, by Type, 2022 - 2028
  - 7.4.1 North America Terrazzo Flooring Market, by Type, 2022 - 2028 (USD Million)
- 7.5 North America Terrazzo Flooring Market, by Application, 2022 - 2028
  - 7.5.1 North America Terrazzo Flooring Market, by Application, 2022 - 2028 (USD Million)
- 7.4. Europe
  - 7.4.2 Europe Terrazzo Flooring Market, 2022 - 2028 (USD Million)
    - 7.4.2.1 Europe Terrazzo Flooring Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Europe Terrazzo Flooring Market, by Type, 2022 - 2028
  - 7.4.1 Europe Terrazzo Flooring Market, by Type, 2022 - 2028 (USD Million)
- 7.5 Europe Terrazzo Flooring Market, by Application, 2022 - 2028
  - 7.5.1 Europe Terrazzo Flooring Market, by Application, 2022 - 2028 (USD Million)
- 7.5. Asia Pacific
  - 7.5.3 Asia Pacific Terrazzo Flooring Market, 2022 - 2028 (USD Million)
    - 7.5.3.1 Asia Pacific Terrazzo Flooring Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Asia Pacific Terrazzo Flooring Market, by Type, 2022 - 2028
  - 7.4.1 Asia Pacific Terrazzo Flooring Market, by Type, 2022 - 2028 (USD Million)
- 7.5 Asia Pacific Terrazzo Flooring Market, by Application, 2022 - 2028
  - 7.5.1 Asia Pacific Terrazzo Flooring Market, by Application, 2022 - 2028 (USD Million)
- 7.6. Latin America
  - 7.6.4 Latin America Terrazzo Flooring Market, 2022 - 2028 (USD Million)
    - 7.6.4.1 Latin America Terrazzo Flooring Market, by Country, 2022 - 2028 (USD Million)
- 7.4 Latin America Terrazzo Flooring Market, by Type, 2022 - 2028
  - 7.4.1 Latin America Terrazzo Flooring Market, by Type, 2022 - 2028 (USD Million)
- 7.5 Latin America Terrazzo Flooring Market, by Application, 2022 - 2028
  - 7.5.1 Latin America Terrazzo Flooring Market, by Application, 2022 - 2028 (USD Million)
- 7.7. The Middle-East and Africa
  - 7.7.5 The Middle-East and Africa Terrazzo Flooring Market, 2022 - 2028 (USD Million)
    - 7.7.5.1 The Middle-East and Africa Terrazzo Flooring Market, by Country, 2022 - 2028 (USD Million)
- 7.4 The Middle-East and Africa Terrazzo Flooring Market, by Type, 2022 - 2028
  - 7.4.1 The Middle-East and Africa Terrazzo Flooring Market, by Type, 2022 - 2028 (USD Million)
- 7.5 The Middle-East and Africa Terrazzo Flooring Market, by Application, 2022 - 2028
  - 7.5.1 The Middle-East and Africa Terrazzo Flooring Market, by Application, 2022 - 2028 (USD Million)
Chapter 8. Company Profiles
- 8.1 The Stonhard Group
  - 8.1.1 Overview
  - 8.1.2 Financials
  - 8.1.3 Product Portfolio
  - 8.1.4 Business Strategy
  - 8.1.5 Recent Developments
- 8.2 Heritage Glass Inc.
  - 8.2.1 Overview
  - 8.2.2 Financials
  - 8.2.3 Product Portfolio
  - 8.2.4 Business Strategy
  - 8.2.5 Recent Developments
- 8.3 Surface Technology Inc.
  - 8.3.1 Overview
  - 8.3.2 Financials
  - 8.3.3 Product Portfolio
  - 8.3.4 Business Strategy
  - 8.3.5 Recent Developments
- 8.4 Key Resin Co.
  - 8.4.1 Overview
  - 8.4.2 Financials
  - 8.4.3 Product Portfolio
  - 8.4.4 Business Strategy
  - 8.4.5 Recent Developments
- 8.5 Universal Marble & Granite Group Ltd.
  - 8.5.1 Overview
  - 8.5.2 Financials
  - 8.5.3 Product Portfolio
  - 8.5.4 Business Strategy
  - 8.5.5 Recent Developments
- 8.6 The Venice Art Terrazzo Co. Inc.
  - 8.6.1 Overview
  - 8.6.2 Financials
  - 8.6.3 Product Portfolio
  - 8.6.4 Business Strategy
  - 8.6.5 Recent Developments
- 8.7 Quiligotti Terrazzo Tiles Limited
  - 8.7.1 Overview
  - 8.7.2 Financials
  - 8.7.3 Product Portfolio
  - 8.7.4 Business Strategy
  - 8.7.5 Recent Developments
- 8.8 Kingspan Group Plc.
  - 8.8.1 Overview
  - 8.8.2 Financials
  - 8.8.3 Product Portfolio
  - 8.8.4 Business Strategy
  - 8.8.5 Recent Developments
- 8.9 Doyle Dickerson Terrazzo Inc
  - 8.9.1 Overview
  - 8.9.2 Financials
  - 8.9.3 Product Portfolio
  - 8.9.4 Business Strategy
  - 8.9.5 Recent Developments
- 8.10 Concord Terrazzo Company Inc.
  - 8.10.1 Overview
  - 8.10.2 Financials
  - 8.10.3 Product Portfolio
  - 8.10.4 Business Strategy
  - 8.10.5 Recent Developments

Table Of Figures

1. Market research Type
2. Market research methodology
3. Global Terrazzo Flooring Market, 2022 - 2028 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Terrazzo Flooring Market attractiveness, By Type
6. Global Terrazzo Flooring Market attractiveness, By Application
7. Global Terrazzo Flooring Market share by Type, 2022 and 2028 (USD Million)
8. Global Terrazzo Flooring Market by Epoxy Terrazzo, 2022 - 2028 (USD Million)
9. Global Terrazzo Flooring Market by Cement-based Terrazzo, 2022 - 2028 (USD Million)
10. Global Terrazzo Flooring Market share by Application, 2022 and 2028 (USD Million)
11. Global Terrazzo Flooring Market by Educational Institutions, 2022 - 2028 (USD Million)
12. Global Terrazzo Flooring Market by Commercial, 2022 - 2028 (USD Million)
13. Global Terrazzo Flooring Market by Government Buildings, 2022 - 2028 (USD Million)
14. Global Terrazzo Flooring Market by Transport Infrastructure, 2022 - 2028 (USD Million)
15. Global Terrazzo Flooring Market by Others, 2022 - 2028 (USD Million)
16. Global Terrazzo Flooring Market share, by Region, 2022 and 2028
17. North America Terrazzo Flooring Market, 2022 - 2028 (USD Million)
18. Europe Terrazzo Flooring Market, 2022 - 2028 (USD Million)
19. Asia Pacific Terrazzo Flooring Market, 2022 - 2028 (USD Million)
20. Latin America Terrazzo Flooring Market, 2022 - 2028 (USD Million)
21. The Middle-East and Africa Terrazzo Flooring Market, 2022 - 2028 (USD Million)

Table Of Tables

1. Global Terrazzo Flooring Market: Snapshot
2. Drivers of the Terrazzo Flooring Market: impact analysis
3. North America Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
4. North America Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
5. U.S. Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
6. U.S. Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
7. Canada Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
8. Canada Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
9. Europe Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
10. Europe Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
11. Germany Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
12. Germany Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
13. France Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
14. France Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
15. U.K. Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
16. U.K. Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
17. Italy Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
18. Italy Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
19. Spain Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
20. Spain Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
21. Rest of Europe Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
22. Rest of Europe Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
23. Asia Pacific Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
24. Asia Pacific Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
25. China Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
26. China Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
27. Japan Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
28. Japan Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
29. India Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
30. India Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
31. South Korea Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
32. South Korea Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
33. South-East Asia Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
34. South-East Asia Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
35. Rest of Asia Pacific Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
36. Rest of Asia Pacific Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
37. Latin America Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
38. Latin America Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
39. Brazil Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
40. Brazil Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
41. Mexico Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
42. Mexico Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
43. Rest of Latin America Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
44. Rest of Latin America Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
45. The Middle-East and Africa Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
46. The Middle-East and Africa Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
47. GCC Countries Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
48. GCC Countries Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
49. South Africa Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
50. South Africa Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)
51. Rest of Middle-East Africa Terrazzo Flooring Market revenue, By Type, 2022 - 2028 (USD Million)
52. Rest of Middle-East Africa Terrazzo Flooring Market revenue, By Application, 2022 - 2028 (USD Million)