Terrazzo Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Terrazzo Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global terrazzo flooring market size reached US$ 25.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Terrazzo flooring is made by combining granite, marble, quartz, shell, glass, or other suitable materials with a cement or epoxy resin binder. It comprises epoxy and cementitious floorings which can be used both indoors and outdoors. It is non-porous, mold and chemical resistant with low maintenance and lifecycle costs, and easy to clean without any scouring, polishing, or scrubbing. It has high durability, better color consistency and performance, and anti-slip features. As a result, terrazzo flooring finds extensive applications in the education, healthcare, residential, commercial, and government sectors.

Terrazzo Flooring Market Trends:



At present, there is a rise in construction and renovation activities in the residential and commercial sectors around the world. This, along with the growing demand for green and eco-friendly floorings, represents one of the key factors driving the market. Moreover, there is an increase in the construction of educational institutes and universities worldwide. This, coupled with the rising interior designing in the construction industry, is strengthening the growth of the market. Additionally, the escalating demand for aesthetically appealing outdoor entertainment areas among millennial property buyers is positively influencing the market. Apart from this, several benefits offered by terrazzo floorings, such as creative finishing and high design flexibility, are propelling the growth of the market. Besides this, rising investments in retrofitting activities across the globe are offering lucrative growth opportunities to industry investors. In addition, key market players are focusing on various marketing strategies, such as business development and mergers and acquisition (M&A), to increase their overall sales and profitability. In line with this, the versatility and suitability of terrazzo floorings for bedrooms, bathrooms, or kitchens is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global terrazzo flooring market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

Epoxy Terrazzo
Cement-based Terrazzo

Breakup by Application:

Educational Institutions
Commercial
Government Buildings
Transport Infrastructure
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 4M Group, Concord Terrazzo Company Inc., Diespeker & Co., Kingspan Group plc, KREZ Group, Quiligotti Terrazzo Tiles Limited, RBC Industries Inc., RPM International Inc., Terrazzo Masters and The Venice Art Terrazzo Co. Inc.

Key Questions Answered in This Report:

How has the global terrazzo flooring market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global terrazzo flooring market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global terrazzo flooring market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Terrazzo Flooring Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Type
  6.1 Epoxy Terrazzo
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Cement-based Terrazzo
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
  7.1 Educational Institutions
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 Commercial
7.2.1 Market Trends
7.2.2 Market Forecast
  7.3 Government Buildings
7.3.1 Market Trends
7.3.2 Market Forecast
  7.4 Transport Infrastructure
7.4.1 Market Trends
7.4.2 Market Forecast
  7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
  8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
  8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
  8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
  8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
  8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
  9.1 Overview
  9.2 Strengths
  9.3 Weaknesses
  9.4 Opportunities
  9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
  11.1 Overview
  11.2 Bargaining Power of Buyers
  11.3 Bargaining Power of Suppliers
  11.4 Degree of Competition
  11.5 Threat of New Entrants
  11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
  13.1 Market Structure
  13.2 Key Players
  13.3 Profiles of Key Players
13.3.1 4M Group
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Concord Terrazzo Company Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Diespeker & Co. 
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Kingspan Group plc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 KREZ Group
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Quiligotti Terrazzo Tiles Limited
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 RBC Industries Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 RPM International Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Terrazzo Masters 
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 The Venice Art Terrazzo Co. Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings