Allied Market Research
Loading...
Cart
0

Canada Terrazzo Flooring Market Expected to Reach $93,039 Thousand by 2025

 

quote Based on type, the epoxy terrazzo segment held the maximum share in 2017, in terms of value. It offers low maintenance costs and the rapid pour-to-grind installation time. Furthermore, terrazzo serves as a sustainable building flooring material used in campuses, hospitals, restaurants, airports, office lobbies, and other commercial and residential properties. The educational sector in applications segment, held a dominant position in 2017, in terms of value. quote

Rohit Sawant
Research Analyst, Construction & Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, "Canada Terrazzo Flooring Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018–2025," The Canada terrazzo flooring market size was valued at $65,500 thousand in 2017, and is projected to reach $93,039 thousand in 2025, growing at a CAGR of 4.3%. The epoxy terrazzo segment accounted for more than two-thirds of the market share in 2017, and is expected to witness significant growth during the forecast period. 

Terrazzo is a type of hard surface flooring, which is fabricated by using an epoxy matrix or cement matrix composite to bind aggregates such as marble pieces, glass pieces, or other suitable material. Increase in demand for flooring due to rise in construction projects across Canada propels the growth of the terrazzo flooring market in Canada. In addition, improved finish offered by these floorings enhances the aesthetics and makes the room look spacious, thereby propelling the growth of the market. Terrazzo comprises of chips of marble, stone, or glass. With this fusion, producers create an entirely personalized design according to customer preferences for flooring. Terrazzo flooring is inarguably attractive and can be customized in many colors, qualities, and styles. In addition, terrazzo flooring is both robust and stable, offers beauty, ease of cleaning, and value of terrazzo, and enables a look of spaciousness, wherever it is installed. This is expected to propel the Canada terrazzo flooring industry. 

However, high initial cost and high cost of laying tiles are anticipated to restrain the market growth. Further, there is also threat of substitute products which are low in cost such as such as luxury vinyl tiles, ceramic tiles, wooden flooring, marbles, and others. Moreover, the installation of terrazzo flooring requires skilled workmen, hence is not suitable for do-it-yourself (DIY) customers. This will decrease the Canada terrazzo flooring market growth. 

Enhanced sustainability and high strength offered by terrazzo floorings fuel their demand, thereby driving the growth of the Canada terrazzo flooring market. Furthermore, rise in investment in interior designing and retrofitting activities in residential & commercial properties boost the growth. In addition, there is surge in demand for terrazzo in outdoor applications such as for pools, stairs, patios, garages, and others is projected to positively contribute toward the growth of the industry. However, high threat of substitutes, such as vinyl flooring, wooden flooring, and others, is expected to hinder the Canada terrazzo flooring market growth. 

Based on the application, the educational institutions segment is expected to account for the largest Canada terrazzo flooring market share during the forecast period, due to increase in the number of educational institutes, universities, auditoriums, and schools in the Canada. Educational institutions require a floor, which is rugged enough to endure the rolling and foot traffic that a major institution incurs. Terrazzo floors are one of the best choices for installation in educational institutions owing to its capability to sustain high traffic. Over the last few years, terrazzo is gaining traction in educational institutions as they can be easily customized and can be created into innovative and unique designs, thereby boosting Canada terrazzo flooring market. 

Depending on type, epoxy terrazzo is expected to hold maximum Canada terrazzo flooring market share, growing at the highest CAGR during the forecast period, owing to various benefits such as low maintenance costs and easy installation of tiles as compared to cement terrazzo. Epoxy terrazzo uses an epoxy matrix such as epoxy resin composite to bind the aggregates such as marble pieces and glass pieces. It is one of the best thin-set flooring system. This flooring system has an installation thickness of only 1⁄4” to 3/8″ above the concrete slab, which signifies that it is lighter in weight than other terrazzo flooring systems.

Key Findings of the Canada Terrazzo Flooring Market:

  • Based on type, the epoxy terrazzo segment generated the highest revenue in 2017.
  • Based on application, the educational sector segment was the highest revenue contributor in 2017.

The Canada terrazzo flooring market analysis includes companies such as Centura Tile, Domus Terrazzo Supply Co. ULC, Flesher Marble & Tile, Key Resin Company, Kingspan Group plc, Sika AG, Tarkett S.A, Terrazzo & Marble Supply Companies, The Sherwin-Williams Company, and Twin City Tile Co. Ltd.
 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Canada Terrazzo Flooring Market by Type (Epoxy Terrazzo and Cement-based Terrazzo) and Application (Transport Infrastructure, Educational Institutions, Commercial, Government Buildings, and Others): Opportunity Analysis and Industry Forecast, 2018–2025 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Canada Terrazzo Flooring Market"
Purchase Enquiry