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Terrazzo Flooring Market By Application, By Product and By Region - Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Terrazzo Flooring Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Terrazzo Flooring Industry is continuously growing in the global scenario at significant pace. Terrazzo is a flooring material consisting of chips of marble or granite set in concrete and polished to give a smooth surface. Terrazzo was 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. Growing construction of residential & commercial building and increasing focus on sustainable flooring among customers are the substantial driving factors of the Industry during the forecast period. Moreover, increasing projects taken by governments in many countries is the major factor that likely to creating lucrative opportunity in the near future. Additionally, terrazzo flooring offers several benefits such as reduced costs, longer lifespan, environmental friendliness and so on. These benefits also aiding the growth of the Industry across the globe. However, high initial cost and threat from substitutes like wood and marble are the factor that limiting the Industry growth of Terrazzo Flooring during the forecast period.
The regional analysis of Global Terrazzo Flooring Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to rising awareness about eco-friendly products and rising standard of living among people in the region. Europe is estimated to grow at stable growth rate in the global Terrazzo Flooring Industry over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to increasing emphasis on improving the aesthetic appearance of homes among people in developing economies such as India and China.
The

Terrazzo Flooring Industry Share and Size by 2019-2025
Building & Construction
Terrazz - Flooring Market Segmentation:
By Type:
* Inorganic Terrazzo
* Epoxy Terrazzo

By Application:
* Educational
* Commercial
* Healthcare and Pharmaceutical
* Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Terrazz - Flooring Market are as follows:
Kingspan Group
RPM
H.B. Fuller Construction Products
SHW
UMGG
Doyle Dickerson Terrazz - HJJC
Guangxi Mishi
Terrazzco
Lijie Technology
Terrazz - USA
Beijing Lu Xing

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