Synopsis of Ceramic Tiles Market
The growing construction industry around the world is likely to remain the major driving factor for the global ceramic tiles market over the forecast period. The increasing demand for residential as well as industrial infrastructure has been felt in developed and developing countries alike, which has resulted in a steadily growing demand for construction materials. Growing infrastructure construction in emerging countries is likely to be a major driver for the global ceramic tiles market over the coming years, as all indoor public infrastructure requires ceramic tiles in some way. Growing residential construction, particularly in emerging regions of the world, is also likely to be a major driver for the global ceramic tiles market over the forecast period.
The ceramic tiles market is predicted to have a favorable growth 6.17% CAGR & over the assessment period (2019-2023)
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Competitive Analysis:
• Crossville Inc
• Iris Ceramica Kajaria Ceramics
• Ceramiche Atlas Concorde
• Saloni Ceramics
• Ceramic India
• RAK Ceramics
• Florida Tile
• China Ceramics Co.
Segmental Analysis
MRFR report offers a wide segmental analysis of the Ceramic Tile Market on the basis of types, application, and raw material.
Based on type, it is segmented into floor tile and wall tile. Of these, floor tiles will have the largest share in the market over the assessment period.
Based on application, the ceramic tiles market is segmented into residential and commercial. Of these, residential will domineer the market over the assessment period.
Based on raw material, it is segmented into the electrolyte, dolomite silt, clay, coalized granite, and others.
Industry Updates:
The Philippines government opened an inquiry into the import of ceramic tiles into the country, fearing for the stability of the local ceramic tile industry. This illustrates the growing commercial allure for the ceramic tiles market in the rapidly developing Asia Pacific region.
Al Maha Ceramics (Oman), one of the leading global manufacturer of Ceramic tiles launched its two sub-brands “Reflexon” – High Polished, Digitally Printed in random Pattern Ceramic Tiles with Superior Strength and “Diamond Edge” – Rectified tiles.
Regional Analysis
By region, the ceramic tiles market covers growth opportunities and latest trends across the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. Of these, Asia Pacific will spearhead the market over the assessment period at an encouraging CAGR. This is owing to urbanization and rapid growth of industries. Also, the encouraging government regulation namely incentives and tax benefits here have grabbed the attention of numerous industry players to enter the region’s lucrative market that in turn, is propelling the market growth. Besides, the existence of the most populated countries, namely India and China, has increased the building and construction industry that is significantly pushing the demand for ceramic tiles in the oil and gas industry. Japan, India, and China are the chief contributors here. The ceramic tiles market in North America will have a healthy growth over the assessment period owing to the region’s growing construction sector. The US, as well as Canada, are the chief contributors here. The ceramic tiles market in Europe will have a steady growth over the assessment period. The increasing EU regulation to control greenhouse emissions has fueled the market to stagnant growth.
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