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(Construction.IndustryNews247.Com, April 02, 2019 ) Global Ceramic Tiles Market is expected to grow from US$ 81.01 Bn in 2017 to US$ 122.59 Bn by 2025 at a CAGR of 5.5% between 2018 and 2025.
Ceramic tiles have quickly gained significant popularity and are one of the heavily used type of materials in residential and commercial construction. The market for ceramic tiles is directly proportional to the increasing construction and reconstruction of residential and commercial infrastructure. The ceramic tiles market has gained significant popularity in Asia Pacific region, owing to noteworthy demand among the builders, constructors and the house owners.
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To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Ceramic Tiles Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
China is the most dominant country in the region, contributing approximately 70% of the regional production and consumption. Europe on the other hand, is also producing and consuming noticeable amount of ceramic tiles in order to increase the aesthetics of the newly constructed buildings and also the renovated buildings.
Leading Key Players
1. Mohawk Industries, Inc.
2. China Ceramics Co., Ltd.
3. Florida Tile, Inc.
4. GRUPO LAMOSA, S.A.B. DE C.V.
5. Kajaria Ceramics Limited
6. Porcelanosa Grupo AIE
7. PT. Muliakeramik Indahraya
8. RAK Ceramics
9. The Siam Cement Public Co. Ltd.
10. Gruppo Ceramiche Ricchetti SPA
The report focuses on an in-depth segmentation of ceramic tiles market based on type and application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
The regional market has been further bifurcated by respective countries. By application segment, residential segment is accounted for largest share in the ceramic tiles market in 2017 and also projected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global ceramic tiles market with detailed market segmentation. Also, it analyzes the current market scenario of ceramic tiles market and forecasts the market till 2025. The report covers market dynamics affecting the ceramic tiles market during the forecast period.
Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the ceramic tiles market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the ceramic tiles market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
The Asia Pacific is one of the prominent region in ceramic tiles market which is contributing highest revenue globally due to increase in the construction and manufacturing industry. China and India are the most populated countries in APAC region and therefore witnesses’ a growth in the construction of residential and other commercial buildings and complexes.
In addition to this, growing economies in APAC region is experiencing a number of initiatives undertaken by regulatory bodies to accelerate the construction sector in the countries to propel growth of entire construction industry and eventually ceramic tiles market.
Demographic trends, rising disposable income of individuals, and better standard of living is responsible to boost the construction sector in the Asian countries. China and Japan is expected to hold a high market share followed by Rest of APAC and India. Owing to this, several global manufacturers and providers of ceramic tiles has potential to invest in this region.
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