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Ceramic Tiles Market to Escalate with Rapid Growth

The demand for ceramic tiles in applications, such as residential replacement and new residential, is relatively high. Introduction of new environment-friendly production processes is expected in the near future, owing to presence of stringent regulations in the developed regions.

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Ceramic Tiles Market to Escalate with Rapid Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Ceramic Tiles Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Introduction • The ceramic tiles market is projected to reach $145,949 million by 2022, growing at a CAGR of 8.1% from 2016 to 2022.  • Ceramic tile is one of the most prevalent flooring choices used in building & construction industry globally.  • Introduction of new environment-friendly production processes is expected in the near future, owing to presence of stringent regulations in the developed regions. • Owing to the high growth rate and the significant revenue generated by the building & construction industries, the segment is anticipated to provide high stability along with significant return on investment for the stakeholders. • Asia-Pacific held nearly one-third share of the global market in 2015.

  3. Key Factors of the Market • The global ceramic tiles market is driven by the growth in the construction industry, owing to rapid expansion of the housing sector and increase in construction spending globally.  •  Urbanization and increase in population are expected to fuel the market growth.  • Ceramic tiles provide an aesthetic look, sustainability, and better reliability, leading to increased demand in construction of large number of buildings. • In addition, increase in use of ceramic tiles as a substitute to other products in residential applications, such as marble, paints, and glass, is expected to fuel the demand for ceramic tiles in the near future.  • Introduction of environment-friendly production processes is expected to offer lucrative opportunities for market players.

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  5. Key Benefits of the Market • In terms of value, vitrified tile segment is expected to grow at a CAGR of 7.6% during the forecast period. • Asia-Pacific is projected to maintain its lead position throughout 2022, growing at a CAGR of 9.0%, in terms of value. • Residential replacement approximately occupied more than one-third of the global market in 2015. • China occupied more than one-fourth of the Asia-Pacific ceramic tiles market in 2015, and is expected to grow at the highest CAGR of 11.0%, in terms of value.

  6. Market Segmentation

  7. Key Players of the Market • RAK Ceramics • Mohawk Industries • CeramicaSaloni • China Ceramics • Kajaria Ceramics • PorcelanosaGrupo • Siam Cement Group • LamosaGrupo • RasAl KhaimahCeramics and • Crossville Inc. • Other market players (not profiled in report) in the value chain include GruppoCeramicheRicchetti S.p.A, Ceramiche Atlas Concorde S.P.A, Florida Tile Inc., Daltile, Al Anwar Ceramic Tiles Company SAOG, Marazzi, and Roca Tile USA. • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1989

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