The increasing industrialization and urbanization in the emerging economies across the globe are expected to fuel the market during the forecast period. furthermore, the rising investments towards infrastructural development across the globe are estimated to have a positive impact on the growth of the market. Additionally, low maintenance and high durability are other factors slated to contribute towards the market growth over the review period. However, the increasing awareness and caution towards environmental concerns have led to an increase in government regulations globally, which may hamper the market growth in some regions over the forecast period.
Segmental Analysis
The global market for ceramic tiles is segmented based on the product, raw material, and application.
Based on the raw material, the market is segmented into bentonite, feldspar, kaolin, silica sand, and others.
By the product, the ceramic tiles market is segmented into floor ceramic tiles, wall ceramic tiles, and others. Floor tiles are the leading the global market and are projected to continue dominating over the forecast period.
On the basis of the application, the global market for ceramic tiles is segmented into residential, commercial, and others. Among the diverse application segments, residential segment is likely to dominate the market during the assessment period. The rising development of residential infrastructure across the globe is anticipated to contribute significantly to the growth of the segment over the review period.
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Regional Analysis
North America is one of the dominant regions in terms of value, in the global ceramic tiles market. The increasing development of the construction sector in the region is the major factor fuelling the demand for ceramic tiles. Canada and the U.S., the developed countries of the region, are the major countries contributing to this growth over the review period. Moreover, the presence of major market players is also expected to aid market growth substantially.
Asia Pacific holds a major share of the ceramic tiles market and is likely to grow as one of the major regions with a promising CAGR during the review period. The rapid expansion of industrialization and urbanization in developing countries such as India and China is fuelling the growth of the ceramic tiles market in the Asia Pacific over the review period. in addition, these countries are the most populated countries such as China and India has improved the building & construction industry, which is also significantly increasing the demand for ceramic tiles in the oil and gas industry. China, India, and Japan are the largest contributors towards the ceramic tiles market share in this region. Moreover, favorable government regulation such as incentives and tax benefits in the region has attracted numerous global industry players to invest in the lucrative region, which consequently is likely to fuel the market growth in the forecast period.
The European ceramic tiles market is also one of the major regional markets in terms of value and is expected to witness stable growth during the forecast period. However, the increasing European Union (EU) regulations for the control of greenhouse emissions may drive the market towards stagnant growth during the forecast period.
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Key Players
Some of the key players operating in the global market for ceramic tiles are Kajaria Ceramics (India), Mohawk Industries Inc (U.S.),Roca Sanitario, S.A (Spain), The Siam Cement Public Company Limited (Thailand), Lamosa (Mexico), Panariagroup Industrie Ceramiche S.p.An (Italy), RAK Ceramics (Arab Emirates), Guangdong Dongpeng Ceramic Co., Ltd (China)., Gruppo Concorde (Italy), and Pamesa Ceramica (Spain).
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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