A recent report published by Infinium Global Research on ceramic tiles market provides an in-depth analysis of segments and sub-segments in the global as well as regional ceramic tiles market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ceramic tiles market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global ceramic tiles market. According to the report, the global ceramic tiles market is projected to grow at a CAGR of 9.7% over the forecast period of 2019-2025.
Ceramic tiles are one of the major component used in the construction industry for building interior and exterior floors, swimming pools, medical centers, shopping malls, footpaths, walls, partitions, and roofs. Over the years, the industry has been modernizing through new innovations in product profile, quality, and design. Ceramic tiles provide durability, aesthetic look, sustainability, and better reliability.
Growing demand for flooring in residential apartments, commercial buildings, airports, bus, and railways stations drives the growth of the global ceramic market. Additionally, the rapid growth in population coupled with urbanization along with rising disposable income are some factors responsible for the growth of the market. Furthermore, growing construction activities owing to an increasing need for housing and an increase in construction spending globally is also boosting the growth of the market. Moreover, a rise in a number of renovation & remodeling activities coupled with increased spending on infrastructure by the government fueling the growth of the ceramic tiles market. However, carbon emission during the production of ceramic tiles is expected to hamper the market growth. Furthermore, increasing demand for better aesthetics and rapid growth in the global economy is expected to create opportunity in the ceramic tiles market.
Geographically, the global ceramic tiles market is segmented into North America, Europe, Asia-Pacific, and RoW. All of them, Asia-Pacific dominates the global ceramic tiles market. This is followed in countries such as China and India in the region. The factors such as growth in construction activities coupled with increasing disposable income are fueling the market growth in the Asia-Pacific ceramic tiles market. Additionally, the key drivers for the ceramic tiles in India are the boom in the housing sector coupled with government policies. North America is anticipated to witness steady growth during the forecast period. The growth of the Europe ceramic tiles market is driven by growth in construction activities. Turkey is a major contributor in this region. The Middle East and Africa are expected to be the fastest-growing of the region in the global ceramic tiles market. The growth of this region is driven by the growth in construction activities in Qatar, Saudi Arabia, Kuwait, and UAE.
The report on global ceramic tiles market covers segments such as product, raw material, and application. On the basis of product, the sub-markets include floor tiles, and wall tiles. On the basis of raw material, the sub-markets include feldspar, bentonite, kaolin, and silica sand. On the basis of application, the sub-markets include commercial, and residential.
The report provides profiles of the companies in the market such as CERAMICHE ATLAS CONCORDE S.P.A, Florida Tile Inc., Saloni, China Ceramics Co Ltd, NITCO, Kajaria Ceramics, Grupo Lamosa, Siam Cement Group, Mohawk Industries, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ceramic tiles market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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