Top Trends in Ceramic Tiles Market to Grow at 7.03% CAGR and Projected to Reach US$ 320.07 Billion by 2023, Dominated by Interior Decoration and Digital Printing

Report aims at estimating ceramic tiles market size and future growth potential of the ceramic tiles market across different segments, namely, application, end-use sector, construction type, and region. It also provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, and industry-specific challenges).

The ceramic tiles market was valued at USD 215.48 Billion in 2017 and is projected to reach USD 320.07 Billion by 2023, at a CAGR of 7.03% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

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New construction led the ceramic tiles market in 2017 in terms of both value and volume, and this trend is projected to continue through 2023. The factors contributing to the growth of ceramic tiles in new constructions include the cost-effectiveness and the aesthetic appeal of these tiles and growing trend toward interior decoration.

The key players profiled in the report are as follows:
• Mohawk Industries (US)
• Siam Cement (Thailand)
• Kajaria Ceramics (India)
• Nitco Tiles (India)
• Grupo Lamosa(Mexico)
• China Ceramics (China)
• Johnson Tiles (UK)
• Ceramica Saloni (Spain)
• Florida Tiles (US)
• Ceramiche Atlas Concorde (Italy)

The cost-effectiveness, resistance to stains and water and environment-friendly properties of ceramic tiles contribute toward the growth of the market. Furthermore, the integration of new technologies in ceramic tiles such as digital printing has boosted their popularity in the construction industry.

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The ceramic tiles market has been segmented into residential and non-residential. The residential segment dominated the ceramic tiles market in 2017. The use of diversified ceramic tiles in residential buildings enhances aesthetic appeal and provides comfort.

Target Audience:
• Raw material suppliers
• Ceramic tiles manufacturers
• Ceramic tiles material suppliers and distributors
• End users
• Associations and industry bodies
• Government & regulatory bodies

Asia Pacific dominated the market for ceramic tiles in 2017, in terms of value. The low manufacturing cost, increasing disposable income of the population, and rising construction activities drives the market for ceramic tiles in the region. In the region, China held the largest market share owing to the presence of the promising construction industry.

More Information “Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) - Global Forecast to 2023” report at https://www.reportsnreports.com/purchase.aspx?name=1526526 .

The primary objective of this study is to define, forecast, and segment the ceramic tiles market on the basis of application about the key market dynamics which include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as new product launches, mergers & acquisitions, expansions, and partnerships in the ceramic tiles market.

Ceramic Tiles Market, By End-Use Sector
1 Introduction
2 Residential
3 Non-Residential
4 Commercial
5 Institutional & Healthcare
6 Public Facilities

Ceramic tiles are used in various construction types such as in new construction and replacement & renovation activities. The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. It is easier and more cost-efficient to install ceramic tiles in new constructions than in replacement & renovation activities.

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This release was published on openPR.