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Global Decoration Terrazzo Flooring Market Revenue, Key Factors Analysis and Trends Forecast by 2025
In terms of production side, this report researches the Decoration Terrazzo Flooring capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Decoration Terrazzo Flooring by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Terrazzo originated in Italy, where marble-workers would take the crumbs of their work home, mix them with cement and create faux-stone floors for their terraces. Since then, terrazzo floors have grown into an art form all their own with a wide range of styles and possibilities. Classic terrazzo is a mixture of marble fragments, called the aggregate, and a cementations binding agent, called the matrix. It is resilient and can be used inside and outside and it can be cast in place or laid in manufactured tiles.
Today terrazzo serves as a green building material used in universities, hospitals, airports, office lobbies and other commercial and residential properties. In the last several years, global market of Terrazzo Flooring developed rapidly, with an average growth rate of 7.8% (2013-2023). In 2017, global revenue of Terrazzo Flooring is nearly 3.9B USD; the actual production is about 1.6 B Square Feet.
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The market is segmented on the basis of product which comprises of inorganic terrazzo, epoxy terrazzo. The epoxy type was the leading division covering more than the majority of volume share of 56% and accounted for 570 M square feet of volume in 2016.
The industry is segmented based on application, which comprises of educational institutes, commercial, government buildings, transport and others. The educational sector was the leading division with an estimated volume of 510 M square feet in 2016 and is expected to increase gradually by 2022. Key factors driving growth in educational segment includes custom-made designs coupled with extended product lifespan features offered by terrazzo which is growing its preference for institutions, schools, universities, auditoriums. An increasing number of universities, institutions & schools are anticipated to contribute significantly towards overall industry demand in the application segment.
The Decoration Terrazzo Flooring market was valued at 2900 Million US$ in 2017 and is projected to reach 5290 Million US$ by 2025, at a CAGR of 7.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Decoration Terrazzo Flooring.
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This report includes the following manufacturers; we can also add the other companies as you want.
Kingspan Group (Ireland)
RPM (USA)
H. B. Fuller Construction Products (USA)
SHW (USA)
UMGG (China)
Doyle Dickerson Terrazzo (USA)
HJJC (China)
Guangxi Mishi (China)
Terrazzco (USA)
Lijie Technology (China)
Terrazzo USA (USA)
Beijing Lu Xing (China)
Market Segment by Product Type
Inorganic Terrazzo
Epoxy Terrazzo
Market Segment by Application
Educational
Commercial
Healthcare and Pharmaceutical
Others
Key Regions split in this report:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Decoration Terrazzo Flooring status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Decoration Terrazzo Flooring manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Decoration Terrazzo Flooring are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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About Us:
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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