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Report
Global Terrazzo Flooring Market Report and Forecast 2024-2032
Market Report I 2024-02-15 I 175 Pages I EMR Inc.
Global Terrazzo Flooring Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global terrazzo flooring market reached a value of USD 24.81 billion in 2023. Aided by the increased adoption in both residential and commercial projects, innovation in materials and design, and a growing emphasis on sustainable building practices, the market is projected to further grow at a CAGR of 3.3% between 2024 and 2032 to reach a value of USD 33.59 billion by 2032.
Originating from Italy, terrazzo flooring combines chips of marble, quartz, granite, glass, or other suitable material, bound with a cementitious or polymeric binder. It is then ground and polished to a smooth surface. This traditional material has found new life in modern architecture and interior design, thanks to its versatility, wide range of colours and textures, and the ability to create custom designs.
The terrazzo flooring market growth can be attributed to its long lifespan and minimal maintenance requirements, making it a cost-effective solution over its lifecycle. Its durability makes it ideal for high-traffic areas in commercial buildings, airports, schools, and healthcare facilities. Additionally, the aesthetic flexibility of terrazzo has made it a favourite among architects and designers looking to create unique, vibrant spaces.
Sustainability is a significant driver of the terrazzo flooring market demand. Terrazzo can include recycled materials, such as post-consumer glass or marble chips, reducing the demand for virgin resources. Its longevity and ability to be refurbished rather than replaced contribute to its eco-friendly credentials, aligning with the increasing demand for sustainable building materials.
Technological advancements in the production and installation of terrazzo flooring have expanded its application possibilities and reduced installation times. Epoxy terrazzo, in particular, offers faster curing times and a wider colour palette than traditional cement-based terrazzo, opening up new design frontiers. Furthermore, improvements in polishing and sealing technologies have enhanced the material's durability and stain resistance, making it more appealing for a variety of uses.
The terrazzo flooring market outlook is being influenced by a competitive landscape of manufacturers and installers. Key players are investing in research and development to introduce innovative products and are expanding their reach through strategic partnerships and marketing efforts. The market's growth is also supported by trade associations, such as the National Terrazzo and Mosaic Association, which promote best practices and quality standards in the industry.
Market Segmentation
The market can be divided based on product type, application, and region.
Market Breakup by Product Type
- Cement
o Sand Cushion
o Bonded
o Monolithic
o Polyacrylate
o Rustic
- Epoxy
Market Breakup by Application
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global terrazzo flooring market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hal Mann Vella Limited
- Concord Terrazzo Company, Inc.
- Diespeker Terrazzo and Marble Ltd
- Nurazzo LLC
- Quiligotti Terrazzo Tiles Ltd.
- RBC Industries, Inc.
- Key Resin Company
- Master Terrazzo Technologies, Inc.
- Venice Art Terrazzo Co., Inc.
- Angelozzi Precast Terrazzo Products, LLC
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Terrazzo Flooring Market Analysis
8.1 Key Industry Highlights
8.2 Global Terrazzo Flooring Historical Market (2018-2023)
8.3 Global Terrazzo Flooring Market Forecast (2024-2032)
8.4 Global Terrazzo Flooring Market by Product Type
8.4.1 Cement
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Sand Cushion
8.4.1.3.2 Bonded
8.4.1.3.3 Monolithic
8.4.1.3.4 Polyacrylate
8.4.1.3.5 Rustic
8.4.2 Epoxy
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Terrazzo Flooring Market by Application
8.5.1 Commercial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Residential
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Terrazzo Flooring Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Terrazzo Flooring Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Terrazzo Flooring Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Terrazzo Flooring Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Terrazzo Flooring Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Terrazzo Flooring Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Hal Mann Vella Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Concord Terrazzo Company, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Diespeker Terrazzo and Marble Ltd,
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nurazzo LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Quiligotti Terrazzo Tiles Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RBC Industries, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Key Resin Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Master Terrazzo Technologies, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Venice Art Terrazzo Co., Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Angelozzi Precast Terrazzo Products, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Terrazzo Flooring Market: Key Industry Highlights, 2018 and 2032
2. Global Terrazzo Flooring Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Terrazzo Flooring Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Terrazzo Flooring Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Terrazzo Flooring Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Terrazzo Flooring Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Terrazzo Flooring Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Terrazzo Flooring Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Terrazzo Flooring Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Terrazzo Flooring Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Terrazzo Flooring Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Terrazzo Flooring Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Terrazzo Flooring Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Terrazzo Flooring Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Terrazzo Flooring Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Terrazzo Flooring Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Terrazzo Flooring Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Terrazzo Flooring Market Structure
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