Ceramic Tiles Market: Growth & Impact Analysis
Ceramic tiles are increasing being adopted by the residential sector. These tiles are usually made of sand, clay, or other natural products. The raw material is first molded into desired shape and size, and is then baked in a kiln at temperature exceeding 1,000u00ba Celsius. Ceramic tiles are majorly used in the construction industry to cover surfaces such as internal and external floors, walls, roofs, partitions, and footpaths. Demand for ceramic tiles is rising, owing to the benefits offered by them such as high durability, water resistivity, color permanence, and easy maintenance. Increasing trend of interior decoration coupled with high aesthetic appeal of ceramic tiles is expected to drive the market growth over the forecast period. Moreover, growing construction industry is expected to drive growth of the ceramic tiles market over the forecast period. For instance, according to the Chartered Institute of Building (CIOB), in 2017, the global construction industry was valued at US$ 10.8 trillion and is expected to reach US$ 17.5 trillion by 2030, with average global construction growth rate of 3.9% annually. Get Sample Copy from Here @ https://www.coherentmarketinsights.com/insight/request-sample/3057 Major players in the global ceramic tiles market include Mohawk Industries, Inc., Gruppo Concorde, Siam Cement group, Kajaria Ceramics, Johnson Tiles, RAK Ceramics, Ceramica Saloni, S.A.U, Grupo Lamosa, Somany Ceramics, China Ceramics Co., Ltd, and Lasselsberger GmbH.Factors Restraining Growth of the Global Internet of Everything (IoE) Market: MARKET OUTLOOK Among regions, Asia Pacific is estimated to hold dominant position in the ceramic tiles market over the forecast period, owing to rising construction activities in countries such as India and China. For instance, as per India Brand Equity Foundation (IBEF), the real estate sector of India was valued at US$ 120 billion in 2017, and is expected to reach US$ 1 trillion by 2030. Moreover, government initiatives and increasing investments in infrastructure activities in emerging economies such as China, India, and others are the key factors, which is expected to drive growth of the ceramic tiles market. For instance, Government of India launched 'Housing for all scheme' in 2015. The scheme plans to provide affordable houses to all eligible families by 2022. This is expected to boost the construction industry growth, in turn aiding in growth of the market. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3057 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US 12067016702 / UK 4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com
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