Los Angeles, CA -- (SBWIRE) -- 02/06/2019 -- 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.

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 global Terrazzo Flooring market is valued at 2820 million US$ in 2018 is expected to reach 4800 million US$ by the end of 2025, growing at a CAGR of 6.9% during 2019-2025.

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Key manufacturers are Kingspan Group, RPM, H. B. Fuller Construction Products, SHW, UMGG, Doyle Dickerson Terrazzo, HJJC, Guangxi Mishi, Terrazzco, Lijie Technology, Terrazzo USA, Beijing Lu Xingand etc. The product is considered to be inexpensive in nature on account of extremely low maintenance charges. However, the installation cost is higher as compared to other alternatives including coating, tiles, and polished concrete surfaces. Therefore, the presence of low-cost options, including ceramic tiles, is expected to impact overall industry growth negatively in the near future.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Kingspan Group

RPM

H. B. Fuller Construction Products

SHW

UMGG

Doyle Dickerson Terrazzo

HJJC

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Inorganic Terrazzo

Epoxy Terrazzo

Segment by Application

Educational

Commercial

Healthcare and Pharmaceutical

Others

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