|10-25-2018 10:50 AM CET - Business, Economy, Finances, Banking & Insurance||
Ceramic Tiles Market to be worth of US$ 1.8 Bn By 2017-2022, Fact.MR survey reveals
Press release from: Fact.MR
PR Agency: Fact.MR
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. These properties make ceramics resistant to harsh environments and caustic or acidic materials.
Request 170 Page Sample Report Now:
Owing to these differentiating characteristics of ceramics, they find applications in a variety of products which are categorized as:
Structural: This includes ceramic applications in roof and floor tiles, pipes, and bricks
White ware: This includes ceramic applications in wall tiles, cookware, tableware, sanitary ware, pottery products, and more
Refractory: This includes applications in gas and fire radiant, kiln linings, glass and steel crucibles, and so on
Other: This includes all other applications of ceramics in various industries such as knife blades, disc brakes in vehicles, watch cases, and biomedical implants, among others
According to Fact.MR’s research report on the Canada ceramic tiles market, the market is anticipated to reach a value of about US$ 1.8 Bn by 2022 reflecting a sluggish CAGR during the forecasted period of 2017-2022.
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
Glazed and Unglazed Ceramic Tiles Experience Slow Growth
The glazed and unglazed ceramic tiles segments by product type experience slow growth rate as compared to porcelain segment, however, porcelain and glazed ceramic tiles segment do not have much of a difference with respect to growth rates during the period of forecast. However, it has a higher market share than glazed ceramic tiles. Unglazed segment is poised to reflect even slower growth than glazed segment. Both the segments are expected to lose BPS whereas porcelain segment poised to show higher gain in the BPS by the end of 2022
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.
Buy Report at www.factmr.com/checkout/245/S
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research 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.
11140 Rockville Pike
Rockville, MD 20852
Follow Us on Linkedin: www.linkedin.com/company/factmr/
This release was published on openPR.
News-ID: 1328011 • Views: 119More releases