- The Global Ceramic Tiles Market is growing rapidly mainly owing to the booming construction industry.
- Floor tiles will have the largest share in the market over the assessment period.
- Asia Pacific region accounts for the largest market for Ceramic Tiles.
Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, a leading research firm ‘Market Research Future’ (MRFR) has recently published a brilliant study report mapping companies active in the industry. In its market analysis, MRFR asserts that the global Ceramic Tiles Market will perceive phenomenal accruals posting 6.17% of a CAGR during 2017 – 2023.
The Global Ceramic Tiles Market is growing rapidly mainly owing to the booming construction industry. Market enjoys the unique distinction of being highly indigenous with an abundance of raw materials, technical skills, and infrastructural facilities. Versatile, durable and stylish, ceramic tiles play an integral part in home decor. Being stain and water resistant, naturally robust against high humidity conditions and renowned for their longevity and easy maintenance.
Crossville Inc, Iris Ceramica Kajaria Ceramics, Ceramiche Atlas Concorde, Saloni Ceramics, Ceramic India, RAK Ceramics, Florida Tile, and China Ceramics Co. are some of the prominent players at the forefront of competition in the Global Ceramic Tiles Market and are profiled in MRFR Analysis.
Worldwide Ceramic Tiles Market – Geographical Analysis
Asia Pacific region accounts for the largest market for Ceramic Tiles. Augmented demand from the burgeoning construction industry in the region propels the market growth. Other factors that drive the market growth include growing population, increased disposable income of consumers along with the increasing government initiatives for infrastructure development and collaboration with foreign investors. Continuing with the same trends the APAC market is expected to hold its dominance in the next 6years.
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US market of Ceramic tiles is witnessing the augmenting demand too. Many foreign manufacturing companies have expanded their manufacturing capacity in the country which in turn is bringing down the import rate sufficing domestic orders more quickly while manufacturing tailored products suiting the needs of U.S. consumers.
There has been a strong growth in the construction sector globally, especially in countries such as China, India, the US, and Brazil.
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.