DUBLIN--(BUSINESS WIRE)--The "Canada Terrazzo Flooring Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
According to 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.
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 14 to 3/8 above the concrete slab, which signifies that it is lighter in weight than other terrazzo flooring systems.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key Market Player
1.5. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key Findings:
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market share analysis (2017)
3.5. Market dynamics
188.8.131.52. Growth in construction industry
184.108.40.206. Growth in focus toward sustainability
220.127.116.11. Wide range of benefits offered
18.104.22.168. High purchase and installation cost of terrazzo flooring
22.214.171.124. Threat of substitute products
126.96.36.199. Higher creativity and increased design flexibility
188.8.131.52. The green image of terrazzo flooring
CHAPTER 4: TERRAZZO FLOORING MARKET, BY TYPE
4.1. Market overview
4.1.1. Market size and forecast, by type
4.1.2. Market volume and forecast, by type
4.2. Epoxy terrazzo
4.3. Cement-based terrazzo
CHAPTER 5: TERRAZZO FLOORING MARKET, BY APPLICATION
5.1. Market overview
5.1.1. Market size and forecast, by application
5.1.2. Market volume and forecast, by application
5.2. Educational institutions
5.4. Government buildings
5.5. Transport infrastructure
CHAPTER 6: COMPANY PROFILES
6.1. Centura Tile
6.2. Domus Terrazzo Supply Co. Ulc
6.3. Flesher Marble & Tile
6.4. Key Resin Company (Key Resin Canada)
6.5. Kingspan Group Plc. (Tate Asp Access Floors Inc.)
6.6. Sika Ag (Sika Canada Inc.)
6.7. Tarkett S.A (Tarkett Usa & Canada)
6.8. Terrazzo & Marble Supply Companies
6.9. The Sherwin-Williams Company (Sherwin-Williams Canada Inc.)
6.10. Twin City Tile Co. Ltd.
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