Felton, 4 December
2019 - Ceramic Tiles Market is expected to
witness a massive growth in the forecast period. Ceramic tiles are one of the
most prevalent tiles and they are used in building and structural activities.
Ceramic tiles are a significant building material used in the construction
industry as they are sophisticated, hard-wearing, and adaptable. They play an
essential role in the decor of any space. Ceramic tiles are manufactured from
numerous minerals and clays such as feldspar, zircon, bentonite, kaolin, and
clay.
Numerous factors have been influencing the growth of the
ceramic tiles industry such as urbanization, growing economy, higher per capita
income, demand for repair and maintenance, are generating higher sales for the
ceramic tiles. Additionally, there is a huge increase in the demand for
enhanced aesthetics, sustainability and organizational dependability without a
noteworthy surge in price is expected to form immense opportunities in ceramic
tiles market in the current scenario.
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Looking at the present set-up of the market, the existing as
well as some new investors to invest more in this market, which will eventually
encourage the manufacturers to come up with some intense innovations. This will
eventually aid the ceramic tiles industry to foresee massive progress that will
increase its demand, sales and supply chain tremendously in the estimated time
span.
The ceramic tiles market is segmented on the basis of type
(wall tile, floor tile, vitrified tile, industrial tile); by application
(floor, wall, rood, ceiling, countertop); by raw material (feldspar, kaolin,
bentonite, silica sand); by construction (residential replacement, new
residential, commercial, others); by end user (residential, non-residential)
and by region (North America, Europe, Asia Pacific, South America, Middle East
& Africa).
From a regional perspective, Asia Pacific is anticipated to
generate the highest CAGR over the forecast period as the demand for
residential replacement segment is accelerating the domination of this region
globally. Followed by this, North America and Europe are likely to experience
modest growth in the estimated time span. In the near future, ceramic tiles
industry will continue to come up with some extraordinary product innovations
to attract new consumers and investors, for them to continue the domination.
Some of the prominent key players outlined in the ceramic
tiles market report are RAK Ceramics, China Ceramics Co., Ltd., Crossville
Inc., Kajaria Ceramics and Saloni Ceramica. All the leading companies are
including mergers and acquisitions, partnerships and joint ventures to enhance the
growth of the market efficiently.
Market Segment:
Raw Material Outlook
(Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 - 2022)
• Alumina
• Zircon sand
• Silica
• Kaolin
• Others
Product Outlook
(Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 - 2022)
• Wall Tiles
• Floor Tiles
• Other Tiles
Application Outlook
(Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 - 2022)
• Residential
Replacement
• New residential
• Commercial
• Others
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