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Global Terrazzo Flooring Market Size, Share, Analysis: By Product Type: Cement, Epoxy; By Application: Commercial, Residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Terrazzo Flooring Market Outlook
The global terrazzo flooring market size was approximately USD 24.81 billion in 2023. The market is assessed to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 33.59 billion by 2032.
Key Trends in the Market
Terrazzo is a durable, attractive, and long-lasting building material which is composed of various minerals like quartz chips, marble, and granite set into cement. It can be used for designing the walls, floors, and outdoor verandas of homes, thereby imparting a unique colour and feel to the final product. It was earlier used in Egyptian mosaics but became popular in 16th century Italy when artisans had to craft designs on stone offcuts. It is a relatively cheaper alternative to granite and marble.
- Epoxy terrazzo system is becoming an increasingly popular flooring solution for commercial and industrial applications because it is highly resistant to wear and tear with a great potential to tolerate thermal shock and chemical spills. The pharmaceutical sector is one of the leading end-users of epoxy terrazzo system. These flooring solutions are also available in aesthetically appealing designs, driving the terrazzo flooring market demand.
- Nearly 70% of terrazzo floorings are made from recycled materials like marble scrap and recycled glass chips. Their installation does not require any heat or chemical treatment and it is more energy efficient than porcelain or ceramic tiles. This saves resources, time, and energy and also reduces the carbon footprint , accelerating their adoption by residential and industrial sectors.
- The long lifespan of terrazzo floorings and low cost of maintenance as compared to alternative flooring materials like vinyl sheets, which last for merely ten years, is bolstering the product demand and aiding the terrazzo flooring market growth. The maintenance cost for vinyl sheets is $1.66 per square meter annually while terrazzo flooring systems cost $0.85 per square meter annually.
Market Segmentation
Based on product type, the terrazzo flooring market segmentation includes cement and epoxy. Cement is sub-divided by type into sand cushion, bonded, monolithic, polyacrylate, and rustic. By application, the market is categorised into commercial and residential.
The major regional markets for terrazzo flooring include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global terrazzo flooring market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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.
Market Share by Product Type
As per the terrazzo flooring market analysis, epoxy floorings are extremely popular among both residential and commercial spaces. This is because they are stronger and more durable as compared to cement terrazzo and have a high level of gloss finish. They are also suited for crafting multicolour designs and patterns since their resin matrix can match the colour of any pigment. This provides the flexibility to change shapes and sizes in interior décor and enhance the aesthetic appeal of any place.
Meanwhile, cement floorings have many unique terrazzo systems like sand cushion, bonded, monolithic, rustic, and polyacrylate. Their main advantage lies in their strength to resist UV ray exposure, which is absent in epoxy terrazzo. This makes them suitable for exterior applications since they come in classic designs and have less susceptibility to cracking.
Market Share by Region
The Asia Pacific is expected to account for a significant terrazzo flooring market share due to the expansion of the commercial sector which primarily installs terrazzo flooring systems to make the interiors aesthetically appealing. Moreover, with a shift towards sustainability and the growing emphasis on the choice of flooring material to reduce environmental impact, the demand for terrazzo is expected to increase, as it is an ecofriendly material and helps in reducing carbon emissions.
Meanwhile, North America is also expected to be a key market for terrazzo flooring as the demand for trendy designs and durable materials gains momentum in the region. On the other hand, in Europe the demand for low maintenance flooring solutions with higher recycled content is expected to drive the market’s growth.
Competitive Landscape
Hal Mann Vella Limited was established in 1954 and is headquartered in Lija, Malta. It is among the leading providers of natural stone products, including marble, granite, travertine, and onyx, among others. The company’s highly innovative architectural team can install various products in homes and commercial spaces while using the latest digital equipment. The company is also involved in the construction and development of high-end properties in several countries.
Concord Terrazzo Company, Inc. was established in 2010 and is headquartered in North Carolina, the United States. It is a single source company that aims at creating products that are easy to install for architects and reduce project time. It provides a wide range of services to building designers like epoxy resin manufacturing, aggregate crushing and supply, and precast terrazzo fabrication, among others.
Diespeker Terrazzo and Marble Ltd was founded in 1881 in the United Kingdom. It supplies and installs terrazzo and other high-quality stones for commercial and residential building floorings. Their services comprise of site surveys, technical support, and supply and installation facilities with aftercare packages as well. Oxford University, Royal Academy, and London Coliseum have been their key beneficiaries.
Other terrazzo flooring market players include Nurazzo LLC, Quiligotti Terrazzo Tiles Ltd., RBC Industries, Inc., Key Resin Company, Master Terrazzo Technologies, Inc., Venice Art Terrazzo Co., Inc., and Angelozzi Precast Terrazzo Products, LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 24.81 billion.
The market is estimated to grow at a CAGR of 3.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 33.59 billion by 2032.
The market is being driven by the rapid expansion of flooring sector, the growing demand for multicolour designs in interior décor, and the rising requirement for long-lasting flooring solutions.
The key trends aiding the market expansion include increase in demand for epoxy terrazzo, low overall maintenance cost of terrazzo floorings, and increased preference for sustainable flooring solutions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of terrazzo flooring are residential and commercial.
The major players in the market are 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., and Angelozzi Precast Terrazzo Products, LLC, among others.
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