U.S. Terrazzo Market is predicted to reach USD 1.47 billion by 2024 owing to the rise in infrastructure that uses the new generation flooring system. Terrazzo flooring is the most versatile tiling options available in the market. It is prepared by combining marble, quartz, granite, or glass chips into a cement binder, terrazzo is cost-efficient, eye-catching and one of the strongest tiling products in the industry. The durable tiling material also has features like water-resistant, damage resistant, chip-free that can be re-finished and polished to a new look anytime.
Few driving factors of U.S. terrazzo industry include the development of new generation flooring systems, completely automatic concrete tile making, technological developments to design sustainable & customer centric designs and monitoring systems to improve distribution & contracting services. In addition, inclination towards customized flooring system designs and technology that plays an important role across the value chain boosts the U.S. terrazzo market in the coming years. From the raw material to end users, technological modernizations are supporting the upgraded services that helps in enabling an efficient customer service.
Among the different types, epoxy is the most widely used segment. The product is limited to indoor application due to UV exposure. On the other hand, rustic and polyacrylateare used for outdoor areas since they can sustain adverse environmental conditions. These factors are expected to balance the demand for terrazzo in future, affecting U.S. terrazzo industry positively.
The educational sector dominates the application segment in near future. The rising number of universities, educational institutes, schools and auditorium in the United States is anticipated to remain a major factor for the growing penetration of U.S. terrazzo market. The market is categorized on the basis of product, end users, and geography. On the basis of product, U.S. terrazzo industry is divided into inorganic, epoxy, rustic, sand cushion, bonded, cement, monolithic and polyacrylate terrazzo.
Based on end users, U.S. terrazzo market is classified into commercial, household, and government buildings. Geographically, the market is segmented as North America, Central America, and South America. The prominent players in U.S. terrazzo industry comprise Doyle Dickerson Terrazzo, Inc., Klein & Company, Inc. Terrazzco, The Venice Art Terrazzo Co., Inc., EnviroGLAS Products, Inc., H.B. Fuller Construction Products, RBC Industries, Sherin Williams, David Allen Company, Key Resin Co. Terrazzo USA & Associates.
U.S. Terrazzo Product Outlook (Volume, Million Square Feet, Revenue, USD Million, 2013 - 2024)
• Sand Cushion
U.S. Terrazzo Application Outlook (Volume, Million Square Feet, Revenue, USD Million, 2013 - 2024)
• Government Buildings
Research Support Specialist, USA