December 20, 2022 from Research and Markets The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Terrazzo is considered to be inexpensive in the long term owing to its extremely low maintenance costs. However, its installation costs are higher than that of coatings, tiles, and polished concrete surfaces. Development of new generation flooring systems, software development to design customer-centric designs, and fully automatic concrete tile making to enhance the aesthetic appearance are some of the significant developments in the industry. Ceramic has emerged as a substitute for terrazzo owing to its cost-effectiveness. However, in terms of floor finishing and beauty, terrazzo is the most preferred. Lower maintenance costs of terrazzo flooring than ceramic flooring is another advantage leading to the increased adoption of terrazzo flooring in the U.S. U.S. Terrazzo Market Report Highlights Find out more: It may be possible to have this report customised. If you require any assistance or would like to discuss this further, please don’t hesitate to contact me. |