Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.37 Billion | USD 41.08 Billion | 5.62% | 2021 |
FrequentlyAsked Questions
Terrazzo flooring is a particular type of hard and robust flooring, in which marble shards are fabricated together with cement in various proportions, with durable epoxy matrix composites and aggregates, along with added color.
The rapid expansion of the hospitality and tourism sector has led to a rise in construction activities in recent years. There are massive renovation activities undergoing in the market, which is propelling the demand for terrazzo flooring.
The global terrazzo flooring market was valued at around $26.372 billion in 2021 and is projected to reach $41.0897 billion by 2030
The global terrazzo flooring market is projected to grow with a healthy CAGR of 5.62% over the forecast years.
Some of the significant players in the global terrazzo flooring market include The Stonhard Group, Heritage Glass, Inc., Surface Technology, Inc., Key Resin Co., H.B. Fuller, Terrazzo Master, 4m Group, Diespeker & Co., RBC Industries Inc., Universal Marble & Granite Group Ltd., The Venice Art Terrazzo Co., Inc., Quiligotti Terrazzo Tiles Limited, Kingspan Group Plc., Doyle Dickerson Terrazzo, Inc, and Concord Terrazzo Company, Inc.
North America accounts for the largest share in the global terrazzo flooring market due to the high demand for terrazzo flooring in the region. Furthermore, the presence of enough skilled labor in the region will also contribute to the growth of the regional market.
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