Global Ceramic Tiles Market Forecasted to Expand at a CAGR of 9.90% during 2017 – 2024: Rising Trend of 3D tiles Fuels Growth

The global market discussion on the demand for ceramic tiles can be found in a fresh study, broadcasted to the wide database of Market Research Reports Search Engine (MRRSE), which is titled as “Ceramic Tiles Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024”. This 192-page study offers a complete perspective on global ceramic tiles market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR. The readers will further gain access to vital information regarding current trends and future propositions of the market across various geographies.

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It has been studied that, presently there is a broad range of flooring applications from residential to commercial and industrial is foreseen to set the tone for a reliable growth in the world ceramic tiles market. The demand for ceramic floors is growing across the world because they are available in many designs and variants, and hence are suitable for indoors and outdoors. As per the research projections, the worldwide ceramic tiles market was valued at US$99.74 bn in the year 2017 and is predicted to reach a valuation of US$178.10 bn by the year 2024. At this pace, the market is all set to witness an impressive CAGR of 9.90% during 2017-2024.

Market Snapshot and Key Highlights

Initially, the readers will find the report beginning with an executive summary that covers all important sections and provides market-related numbers in brief. Moreover, the report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the global ceramic tiles market growth during the said period.

Presently, airports, railway stations, and other transport structures besides educational institutes & hospitals require floor tiles at a steady rate. This, as a result, bolsters the demand for floor tiles. In the coming years, the demand for ceramic tiles could increase significantly due to the rising consumer’s attention towards aesthetical appeal in flooring.
In terms of geography, the report suggests that the Asia Pacific is reported to secure a significant consumption rate for ceramic tiles owing to a rapid rise in urbanization leading to increased construction activities. By the end of 2024, the Asia Pacific ceramic tiles market is estimated to be worth US$120.9 billion, representing 66.5% of the total demand in the global ceramic tiles market.
Moreover, the report is categorically divided into four key sections on the basis of product and application analysis. Key product type mentioned in the study include floor tiles, wall tiles, ceiling tiles, roofing tiles etc. On the basis of applications, it covers residential replacement, new residential, commercial and others.

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At last, the report covers thorough competitive outlook that contains market share and profiles of key players functioning in the global market. Siam Cement Group, China Ceramics Co., Ltd., Grupo Lamosa SAB de CV, Ras Al Khaimah Ceramics, Mohawk Industries Inc., and Ceramiche Atlas Concorde S.P.A, Florida Tile Inc., Porcelanosa Grupo, and Gruppo Ceramiche Ricchetti S.p.A. are some of the key players profiled in the report.

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This release was published on openPR.