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Canada Terrazzo Flooring Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4828577
  • Report
  • Region: Canada
  • 93 pages
  • Allied Analytics LLP
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The Canada terrazzo flooring market 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. 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.

The Canada terrazzo flooring market is segmented based on type and application. Based on type, the market is categorized into epoxy terrazzo and cement-based terrazzo.

Depending on type, epoxy terrazzo is expected to hold maximum 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.

Based on application, the educational institutions segment is expected to account for the largest share in the market during the forecast period, due to increase in the number of educational institutes, universities, auditoriums, and schools in 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.

The key players profiled in this report are 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.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the Canada terrazzo flooring market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Type
o Epoxy Terrazzo
o Cement-based Terrazzo

By Application
o Transport Infrastructure
o Educational Institutions
o Commercial
o Government Buildings
o Others

KEY Players
  • 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
  • Twin City Tile Co. Ltd.
Note: Product cover images may vary from those shown
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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
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models

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
3.5.1. Drivers
3.5.1.1. Growth in construction industry
3.5.1.2. Growth in focus toward sustainability
3.5.1.3. Wide range of benefits offered
3.5.2. Restraints
3.5.2.1. High purchase and installation cost of terrazzo flooring
3.5.2.2. Threat of substitute products
3.5.3. Opportunities
3.5.3.1. Higher creativity and increased design flexibility
3.5.3.2. 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
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast
4.2.3. Market volume and forecast
4.3. Cement-based terrazzo
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast
4.3.3. Market volume and forecast

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
5.2.1. Key market trends, growth and opportunities
5.2.2. Market size and forecast
5.2.3. Market volume and forecast
5.3. Commercial
5.3.1. Key market trends, growth and opportunities
5.3.2. Market size and forecast
5.3.3. Market size and forecast
5.4. Government buildings
5.4.1. Key market trends, growth and opportunities
5.4.2. Market size and forecast
5.4.3. Market volume and forecast
5.5. Transport infrastructure
5.5.1. Key market trends, growth and opportunities
5.5.2. Market size and forecast
5.5.3. Market volume and forecast
5.6. Others
5.6.1. Key market trends, growth and opportunities
5.6.2. Market size and forecast
5.6.3. Market volume and forecast

CHAPTER 6: COMPANY PROFILES
6.1. CENTURA TILE
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Product portfolio
6.2. DOMUS TERRAZZO SUPPLY CO. ULC
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Product portfolio
6.3. FLESHER MARBLE & TILE
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Product portfolio
6.4. KEY RESIN COMPANY (KEY RESIN CANADA)
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.5. KINGSPAN GROUP PLC. (TATE ASP ACCESS FLOORS INC.)
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.6. SIKA AG (SIKA CANADA INC.)
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Business performance
6.7. TARKETT S.A (TARKETT USA & CANADA)
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio
6.7.5. Business performance
6.8. TERRAZZO & MARBLE SUPPLY COMPANIES
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Product portfolio
6.9. THE SHERWIN-WILLIAMS COMPANY (SHERWIN-WILLIAMS CANADA INC.)
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Business performance
6.10. TWIN CITY TILE CO. LTD.
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Product portfolio

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report 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
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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