|05-24-2018 01:49 PM CET - Industry, Real Estate & Construction||
Canada Ceramic Tiles Market: Industry Player, Price, Revenue, Share, Trends and Forecast Until 2022
Press release from: Fact.MR
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofCeramic Tiles Market. The study is titled as “Ceramic Tiles Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of (). For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global ceramic tiles market.
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Tiles find wide-ranging applications in the construction sector. They are used for covering floors, roofs, walls, and table tops of buildings. The function of such tiles varies from providing protection and durability to enhance the aesthetic appeal of walls and buildings. Tiles are made using various materials such as stone, metal, ceramic, and glass. Tiles made from ceramic materials are referred to as ceramic tiles and find extensive applications in the construction business. Based on application, ceramic tiles can be classified into floor tiles, wall tiles, industrial tiles, and vitrified or porcelain tiles. Ceramic tiles are lightweight, corrosion-resistant, durable, they show consistency in color and easy to maintain. These properties make them a much preferred option for use in the construction industry, which is driving the Canada ceramic tiles market. Moreover, ceramic tiles are used to decorate homes. This can present several opportunities in the market. However, there is high volatility in the prices of raw material such as bentonite, feldspar, silica sand and kaolin. This is a main restraint likely to hinder the growth of the Canada ceramic tiles market. Other aspects such as emission of greenhouse gases and particulate matter while processing of ceramic tiles, especially during drying and machining operations, hamper the growth of the ceramic tiles market.
Ceramic is non-metallic, inorganic, and typically crystalline in nature. It is chemically composed of nitride or oxide or carbide materials. Sometimes, partially crystalline elements such as silicon, glass, and carbon are also considered as ceramics. Different ceramics are manufactured through specific processes, of which the common process is to heat and subsequently cool the material to a certain temperature. Naturally, ceramics are strong, brittle and hard in compression, but are weak in tension and shearing.
Porcelain Ceramic Tiles Dominate the Canada Market
Porcelain ceramic tiles segment by product type is set to dominate the Canada ceramic tiles market. This segment is anticipated to reflect a higher market share of about 47.7% by the end of 2022 and also is expected to grow at a higher rate as compared to other product segments, and poised to register a CAGR of 2.7% throughout the period of forecast 2017 to 2022. It can be beneficial to consider Canada porcelain ceramic tiles market from an investment standpoint
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Commercial Segment Surpasses Household Segment
The commercial segment by application is poised to register a faster growth compared to the household segment and is anticipated to reach a CAGR of 2.7% throughout the period of forecast of 2017 to 2022. This segment is also expected to show higher gain in the BPS by the end of 2022
The report also profiles companies that are expected to remain active in the expansion of the Canada ceramic tiles market through 2022, which include Mohawk Industries, Inc., R.A.K Ceramics PJSC, ARDEX GmbH, Granitifiandre SpA, Florida Tile, Inc., Interceramic Inc., Custom Building Products, Inc., Olympia Tile International Inc., Ceramiche Atlas Concorde S.p.A and Crossville Inc.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Marketresearch reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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