Market Research Future (MRFR) has published a new report on global ceramics tiles market. As per the report the global ceramic tiles market is expected to post an impressive growth rate over the next couple of years.
Ceramic tiles are generally used in floor, wall and roof covering. Ceramic is made up of silica and other natural products. Ceramic tiles are manufactured by molding the raw materials as per the shape and desirability. The process then involves heating raw materials in a kiln at high temperatures. Ceramic tiles one of the most popular tiles are available in varied sizes and colors. Ceramic tiles are the prime building construction materials used because of their versatility and durability. Owing to their crack resistant nature, ceramic tiles are highly used in residential and commercial industries. Owing to their durability and low cost, the growth of the ceramic tiles market is directly proportional to the growing consumption in residential and commercial sectors. Globally, the developing regions have started facing an increase in industrialization and urbanization. And this is expected to fuel an upward trend of ceramics tiles market growth during the forecast period. Owing to the rise in disposable income and rapid growth in the global economy, the global ceramic tiles market growth is characterized by n number of opportunities to market players. Plus, the increasing investment in infrastructural development across the globe is expected to have a positive impact on the growth of the market. Also, low maintenance and high durability are other factors boosting market growth.
Market Segmentation
This report includes a detailed analysis of the global ceramic tiles market on the basis of product, raw material and application. By product type, the market has been segmented into floor tile and wall tile. The floor tile segment is expected to hold the dominant market share. The floor tiles segment is expected to witness an imperessive CAGR during the assessment period. Meanwhile, the wall tiles segment is also likely to come across significant growth opportunities in the forthcoming years. By raw material, the market has been segmented into feldspar, kaolin, bentonite and silica sand. By application, the market has been segmented into residential and commercial.
Regional analysis
The regions that are covered in the report include Europe, Asia Pacific, North America, Latin America, and Middle-East & Africa. Asia Pacific accounts for the largest market share and is expected to dominate the global ceramic tiles market throughout the review period. As stated, rapid industrialization and urbanization along with cost benefits are the prime reasons for the growth of ceramic tiles market in Asia-Pacific (APAC) region. In terms of volume, China and India dominate the global ceramics tiles market. Also, the fact that encouraging government regulations and frameworks such as tax benefits and incentives have attracted many vital players to increase operation in Asia- Pacific. China and India as the most populated countries have given rise to more building and construction industry. This is provinding a impetus to the market for ceramic tiles in the region. Fast developing countries such as India, China, Japan, Indonesia, and Vietnam play a vital role in the ceramic tiles market in the Asia Pacific region. Europe comes next in the pecking order, countries such as Italy, Spain, and Turkey are engaged in ceramic tiles manufacturing.
Another dominant region is North America. The major factor driving the ceramic tiles market is the increased construction activities in this region. The U.S. and Canada are the countries attributing to this growth. The market in Middle-East, Africa and Latin America are projected to witness a steady growth during the forecast period.
Key Players
Prominent players in the global ceramic tiles market are Kajaria Ceramics (India), RAK ceramics (Arab Emirates), Roca Sanitario, S.A(Spain), Guangdong Dongpeng Ceramic Co. Ltd(China), Lamosa(Mexico), Gruppo Concorde (Italy) , The Siam Cement Public Company Ltd (Thailand) and Pamesa Ceramica (Spain).
