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Vitrified Tiles Market will register the CAGR of 4% Till 2023 | Top Key Players areCeramica Carmelo Fior Ltda., Lamosa Group, Mohawk Industries Inc., Ras Al Khaimah, Ceramics, Siam Cement Group, ABK Industrie Ceramiche SpA, ALTAECO S.p.A., PT Arwana Citra

10-18-2018 10:41 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future (MRFR)

Vitrified Tiles Market will register the CAGR of 4% Till 2023 | Top

Market Scenario:

Global vitrified tiles market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The global vitrified tiles market is primarily driven due to rapid growth in the construction industry with high demand for luxurious flooring tiles as one of the primary growth factors. Vitrified tiles are ceramic tiles with very low porosity. Vitrified tiles can be used as an alternative to marble and granite flooring. They are generally used as outdoor flooring as they are water and frost resistant. They are made by hydraulic pressing of mixtures such as clay, quartz, feldspar, and silica that provides the tile, a vitreous surface over.
Rapid growth in the construction sector is one of the major factors driving the vitrified tiles market. High demand for residential and non-residential buildings, has had a significant impact on the demand of vitrified tiles, as they are used in the flooring and walls of the buildings. Vitrified tiles are often used as a substitute to marble and granite flooring. So, increasing population & urbanization and rising incomes from economic growth, have increased the demand for the construction market in various regions. This has propelled rapid growth for vitrified tiles market.

Currently, there are a lot of technological advancements in terms of production process and product features to achieve competitive edge. New features such as 3D printing, digital printing, anti-microbial glazes, nanotechnology, and water jet technology are also emerging in the market. With the development of smart homes, various innovative thermal tiles such as warmth generating, energy saving, and cooling tiles are also gaining importance, especially in residential buildings.

Global vitrified tiles market has been segmented on the basis of type, end-user and geography. Based on type, the market is segmented as double charged vitrified tiles, full body vitrified tiles, soluble salt vitrified tiles and glazed body vitrified tile. Glazed body vitrified tile is expected to witness the highest growth during the forecast period, owing to high durability and luxurious appearance. Based on the end-user, the market is segmented into residential, commercial, and others. The residential sector is expected to hold a major market share during the forecast period due to increasing population and growth in disposable income.

The global vitrified tiles market is expected to grow at ~ 4% CAGR during the forecast period.

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Market Research Analysis

Residential sector, expected to grow at the highest CAGR

Residential sector will dominate the vitrified tiles market. The significant rise in global population, with the development of multibillion dollar luxury and semi-luxury tiles manufacturing industry, will be the major drivers for the growth of residential sector in vitrified tiles market. Also, the growing urbanization with growth in the construction industry and high demand for luxurious flooring tiles, as one of the primary growth factors for residential sector, will lead the vitrified tiles market during the forecast period.

Scope of the Report

This study provides an overview of the global vitrified tiles market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the vitrified tiles market by its type, by end-user and by region.

By Type

• Double Charged Vitrified Tiles
• Full Body Vitrified Tiles
• Soluble Salt Vitrified Tiles
• Glazed Body Vitrified Tile

By End-User

• Residential
• Commercial
• Others

By Regions

• North America
• Asia Pacific
• Europe
• Rest of the World

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 Ceramica Carmelo Fior Ltda. (Brazil)
 Lamosa Group (Mexico)
 Mohawk Industries Inc. (U.S)
 Ras Al Khaimah (RAK
 Ceramics (UAE)
 Siam Cement Group (Thailand)
 ABK Industrie Ceramiche SpA (Italy)
 ALTAECO S.p.A. (Italy)
 PT Arwana Citramulia Tbk (Indonesia)
 Asian Granito India Ltd. (India)
 Casalgrande Padana S.p.A. (Italy).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global vitrified tiles market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
Asia Pacific vitrified tiles market, expected to grow at the highest CAGR
Asia Pacific region holds the largest share of global vitrified tiles market in 2016 and is expected to grow at a high rate. The continuous growth in residential and commercial sector in Asia –Pacific, requires a vitrified tiles for decorative and modern interiors. Also, the growing attention towards the development of modern infrastructure with beautiful interior are majorly contributing for the growth of vitrified tiles in this Asia Pacific for forecast period.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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