Global Decoration Terrazzo Flooring Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC144702 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: July 6th, 2023

The global decoration terrazzo flooring market size was accounted for USD 2.7 billion in 2020 and expected to grow at a significant CAGR of 7.8% during the forecast period up to 2027. The growing construction activities, renovations, and retrofitting are some major factors to drive the market. Furthermore, the changing lifestyle and the increasing preference for eco-friendly flooring are projected to uplift the market. In addition, rapid urbanization, and increasing disposable income are some other factors to boost the market over the forecast period. However, strong competition among major players and high initial costs are some factors to hinder the market.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 2.7 Billion in 2020
Market Growth (CAGR) 7.8% (2023-2030)
Largest Market Share lock
Analysis Period 2020-2030
Market Players Terrazzco, Kingspan Group, RPM, H. B. Fuller Construction Products, SHW, UMGG, and Doyle Dickerson Terrazzo

Market Drivers:

Aesthetics and Design Flexibility: Terrazzo flooring offers a wide range of design possibilities due to its versatile nature. It can be customized with various aggregates, colors, and patterns, allowing for unique and visually appealing floor designs. The aesthetic appeal and design flexibility of Terrazzo flooring make it a preferred choice for architects, interior designers, and homeowners.

Durability and Longevity: Terrazzo flooring is highly durable and known for its long lifespan. It can withstand heavy foot traffic, resist wear and tear, and remain visually appealing for many years. The durability and longevity of Terrazzo flooring make it a cost-effective option in the long run, as it requires minimal maintenance and replacement.

Sustainable and Eco-friendly: The growing focus on sustainability and environmentally friendly materials has increased the demand for Terrazzo flooring. Terrazzo is made from a combination of recycled materials, such as crushed glass, marble chips, and cement, reducing the need for new raw materials. Additionally, the long lifespan of Terrazzo flooring reduces the frequency of replacements, further reducing environmental impact.

Low Maintenance: Terrazzo flooring is relatively low maintenance compared to other flooring options. It is resistant to stains, scratches, and water damage, making it easy to clean and maintain. Regular sweeping and occasional mopping are usually sufficient to keep Terrazzo floors in excellent condition.

Hygienic and Allergy-friendly: Terrazzo flooring is non-porous, which means it does not trap dust, dirt, or allergens. This characteristic makes it a hygienic flooring option, particularly for individuals with allergies or respiratory sensitivities. Additionally, Terrazzo flooring can be sealed with antimicrobial agents, further enhancing its hygienic properties.

Commercial and Institutional Applications: Terrazzo flooring is widely used in commercial and institutional settings, such as airports, hospitals, schools, and shopping malls. Its durability, ease of maintenance, and design flexibility make it suitable for high-traffic areas that require a long-lasting and visually appealing flooring solution.

Resurgence of Retro Design Trends: Terrazzo flooring has experienced a resurgence in popularity due to the revival of retro design trends. Its unique, speckled appearance and association with mid-century modern aesthetics have made it a sought-after choice for both residential and commercial projects.

Technological Advancements: Advancements in technology have improved the installation process of Terrazzo flooring, making it more accessible and cost-effective. Innovative techniques, such as precast Terrazzo tiles and epoxy resin systems, have simplified the installation process and expanded the applications of Terrazzo flooring.

Market Insights:

The global decoration terrazzo flooring market is classified into type, application, and geography. On the basis of type, the market is segmented into inorganic and epoxy terrazzo flooring. The epoxy segment held the largest market share in 2019 and accounted for over 55% of the market share in terms of revenue.

On the basis of application, the market is divided into educational, commercial, healthcare, and other segments. The educational segment dominated the market in 2019 and accounted for over 50% of the market share across the globe. The segment growth is contributed to factors such as custom designs coupled with the extended product lifespan. Furthermore, the increasing number of institutions, universities, and schools is projected to boost the segment over the forecast period.

The decoration terrazzo flooring comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global decoration terrazzo flooring market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The decoration terrazzo flooring market research report presents the analysis of each segment from 2018 to 2027 considering 2019 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 – Historical Year
  • 2019 – Base Year
  • 2020-2027 – Forecast Period

Market Segmentation:

By Type:

  • Epoxy Terrazzo
  • Inorganic Terrazzo

By Application:

  • Educational
  • Commercial
  • Healthcare
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Global Decorative Terrazzo Flooring Market Size by Application

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Geographic Coverage:

Geographically, the decoration terrazzo flooring Market report comprises dedicated sections centering on the regional market revenue and trends. The decoration terrazzo flooring market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The decoration terrazzo flooring market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Decoration terrazzo flooring Market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2020 – 2027.

Report Coverage:

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Competition Assessment:

Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Key players operating in the global decoration terrazzo flooring market are Terrazzco, Kingspan Group, RPM, H. B. Fuller Construction  Products, SHW, UMGG, and Doyle Dickerson Terrazzo. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Terrazzco
  • Kingspan Group
  • RPM
  • B. Fuller Construction Products
  • SHW
  • UMGG
  • Doyle Dickerson Terrazzo
  • HJJC
  • Guangxi Mishi
  • Lijie Technology
  • Terrazzo UAE

Key Questions Answered by Decoration Terrazzo Flooring Market Report:

  • Global decoration terrazzo flooring market forecasts from 2020-2027
  • Regional decoration terrazzo flooring market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Decoration terrazzo flooring submarket forecasts from 2020-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to decoration terrazzo flooring market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level decoration terrazzo flooring markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the decoration terrazzo flooring market

Table of Content:


1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Decoration Terrazzo Flooring Market Portraiture
2.2. Global Decoration Terrazzo Flooring Market, by Type, 2019 (USD Mn)
2.3. Global Decoration Terrazzo Flooring Market, by Application, 2019 (USD Mn)
2.4. Global Decoration Terrazzo Flooring Market, by Geography, 2019 (USD Mn)

 

3. Global Decoration Terrazzo Flooring Market Analysis


3.1. Decoration Terrazzo Flooring Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTEL Analysis

 

4. Global Decoration Terrazzo Flooring Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Epoxy Terrazzo
4.3. Inorganic Terrazzo

 

5. Global Decoration Terrazzo Flooring Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Educational
5.3. Commercial
5.4. Healthcare
5.5. Others

 

6. Global Decoration Terrazzo Flooring Market, By Geography, 2018 – 2027 (USD Mn)


6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Decoration Terrazzo Flooring Market by Type (2018-2027 USD Mn)
6.2.3. North America Decoration Terrazzo Flooring Market by Application (2018-2027 USD Mn)
6.2.4. North America Decoration Terrazzo Flooring Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.2.4.3. Mexico
6.3. Europe
6.3.1. Overview
6.3.2. Europe Decoration Terrazzo Flooring Market by Type (2018-2027 USD Mn)
6.3.3. Europe Decoration Terrazzo Flooring Market by Application (2018-2027 USD Mn)
6.3.4. Europe Decoration Terrazzo Flooring Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Russia
6.3.4.6. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Decoration Terrazzo Flooring Market by Type (2018-2027 USD Mn)
6.4.3. Asia Pacific Decoration Terrazzo Flooring Market by Application (2018-2027 USD Mn)
6.4.4. Asia Pacific Decoration Terrazzo Flooring Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. India
6.4.4.4. Australia
6.4.4.5. South Korea
6.4.4.6. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Decoration Terrazzo Flooring Market by Type (2018-2027 USD Mn)
6.5.3. Latin America Decoration Terrazzo Flooring Market by Application (2018-2027 USD Mn)
6.5.4. Latin America Decoration Terrazzo Flooring Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Peru
6.5.4.3. Chile
6.5.4.4. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Decoration Terrazzo Flooring Market by Type (2018-2027 USD Mn)
6.6.3. MEA Decoration Terrazzo Flooring Market by Application (2018-2027 USD Mn)
6.6.4. Middle East and Africa Decoration Terrazzo Flooring Market, by Country (2018-2027 USD Mn)
6.6.4.1. South Africa
6.6.4.2. Israel
6.6.4.3. Saudi Arabia
6.6.4.4. Rest of South Africa

 

7. Company Profiles


7.1. Terrazzco
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. News Coverage
7.2. Kingspan Group
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. News Coverage
7.3. RPM
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. News Coverage
7.4. H. B. Fuller Construction Products
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. News Coverage
7.5. SHW
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. News Coverage
7.6. UMGG
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. News Coverage
7.7. Doyle Dickerson Terrazzo
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. News Coverage
7.8. HJJC
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. News Coverage
7.9. Terrazzo UAE
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. News Coverage
7.10. Guangxi Mishi
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. News Coverage
7.11. Lijie Technology
7.11.1. Business Description
7.11.2. Financial Health and Budget Allocation
7.11.3. Product Positions/Portfolio
7.11.4. News Coverage

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List of Figures:


FIG. 1    Global Decoration Terrazzo Flooring: Market Segmentation

FIG. 2    Global Decoration Terrazzo Flooring Market: Research Methodology

FIG. 3    Top-Down and Bottom-up Approach

FIG. 4    Global Decoration Terrazzo Flooring Market, by Type, 2019 (US$ Mn)

FIG. 5    Global Decoration Terrazzo Flooring Market, by Application, 2019 (US$ Mn)

FIG. 6    Global Decoration Terrazzo Flooring Market, by Geography, 2019 (US$ Mn)

FIG. 7    Global Decoration Terrazzo Flooring Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8    Attractive Investment Proposition, by Geography, 2017

FIG. 9    Market Positioning of Key Decoration Terrazzo Flooring Providers, 2019

FIG. 10  Global Decoration Terrazzo Flooring Market Value Share, by Type, 2018 & 2027 (%)

FIG. 11  Global Decoration Terrazzo Flooring Market Value for Epoxy Terrazzo, 2018 - 2027, (US$ Mn)

FIG. 12  Global Decoration Terrazzo Flooring Market Value for Inorganic Terrazzo 2018 - 2027, (US$ Mn)

FIG. 13  Global Decoration Terrazzo Flooring Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 14  Global Decoration Terrazzo Flooring Market Value for Educational, 2018 - 2027, (US$ Mn)

FIG. 15  Global Decoration Terrazzo Flooring Market Value for Commercial, 2018 - 2027, (US$ Mn)

FIG. 16  Global Decoration Terrazzo Flooring Market Value for Healthcare, 2018 - 2027, (US$ Mn)

FIG. 17  Global Decoration Terrazzo Flooring Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 18  North America Decoration Terrazzo Flooring Market Value, 2018 - 2027, (US$ Mn)

FIG. 19  Europe Decoration Terrazzo Flooring Market Value, 2018 - 2027, (US$ Mn)

FIG. 20  Asia Pacific Decoration Terrazzo Flooring Market Value, 2018 - 2027, (US$ Mn)

FIG. 21  LATIN America Decoration Terrazzo Flooring Market Value, 2018 - 2027, (US$ Mn)

FIG. 22  Middle East & Africa Decoration Terrazzo Flooring Market Value, 2018 - 2027, (US$ Mn)

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List of Tables:


TABLE 1 Market Snapshot: Global Decoration Terrazzo Flooring Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 6 North America Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 7 North America Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 8 North America Decoration Terrazzo Flooring Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 13 Mexico Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 14 Mexico Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 16 Europe Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 17 Europe Decoration Terrazzo Flooring Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 18 Germany Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 19 Germany Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 U.K. Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 21 U.K. Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 22 France Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 23 France Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 Italy Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 25 Italy Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 26 Rest of Europe Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 27 Rest of Europe Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 29 Asia Pacific Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 30 Asia Pacific Decoration Terrazzo Flooring Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 31 Japan Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 32 Japan Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 China Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 34 China Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 35 India Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 36 India Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 37 South Korea Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 38 South Korea Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 39 Rest of Asia Pacific Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 40 Rest of Asia Pacific Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 41 Latin America Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 42 Latin America Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 43 Latin America Decoration Terrazzo Flooring Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Decoration Terrazzo Flooring Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Decoration Terrazzo Flooring Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Decoration Terrazzo Flooring Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 Terrazzco: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 48 Kingspan Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 49 RPM: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 50 H. B. Fuller Construction Products: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 51 SHW: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 UMGG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 Doyle Dickerson Terrazzo: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 HJJC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 Guangxi Mishi: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 Lijie Technology: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Terrazzo UAE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
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