|11-05-2018 05:47 AM CET - Industry, Real Estate & Construction||
Ceramic Tiles Market Analysis 2023 Global Key Players: Crossville Inc., Iris Ceramica Kajaria Ceramics, Ceramiche Atlas Concorde, Saloni Ceramics, Ceramic India, RAK Ceramics, Florida Tile, China Ceramics Co.
Press release from: Market Research Future - MRFR
Worldwide Ceramic Tiles Market - Synopsis
The Global Ceramic Tiles Market is growing rapidly mainly owing to the booming construction industry. Market enjoys the unique distinction of being highly indigenous with an abundance of raw materials, technical skills, and infrastructural facilities. Versatile, durable and stylish, ceramic tiles play an integral part in home decor. Being stain and water resistant, naturally robust against high humidity conditions and renowned for their longevity and easy maintenance.
The reasons behind the popularity of Ceramic Tiles are its preeminent factors like the durability, cost and ease of maintenance. The same factors are propelling the market growth as well. The inexpensive and highly durable ceramic tiles are witnessing a high demand from the industries such as hospitals, laboratories, and residential buildings.
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Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, a leading research firm ‘Market Research Future’ (MRFR) has recently published a brilliant study report mapping companies active in the industry. In its market analysis, MRFR asserts that the global Ceramic Tiles Market will perceive phenomenal accruals posting 6.17% of a CAGR during 2017 – 2023.
The progressing construction developments worldwide is a key market driving factor for the market growth of Ceramic Tiles. In addition, factors contributing the market growth include, burgeoning construction industry, improving economic conditions worldwide that increases consumer’s affordability, growing urbanization & industrialization. Moreover technological advancements and increasing customization trends are expected to provide impetus to the market growth.
Another trend observed in the market is stain and germ resistant tiles. These tiles are more sturdy and affordable when compared to regular paints. This trend is expected to prompt the market growth to an extent. Owing to the their lightweight, ultra-thin, anti-slip and anti-bacterial properties, Ceramic Tiles are increasingly places in hotels, hospitals, laboratories and pharmaceutical industries where hygiene is of prime importance. Furthermore, ceramic tiles are easy to install, clean and repair. Ceramic Tiles have captured a substantial market share in the global flooring materials market.
Iris Ceramica Kajaria Ceramics
Ceramiche Atlas Concorde
China Ceramics Co
Worldwide Ceramic Tiles Market - Competitive Landscape
With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch.
Designing Customized tiles is the latest trend observed in the market during the analysis. Resultantly, this trend is expected to drive the market competition intensely. Manufacturers having the ability to manufacture exclusive tiles based on the consumers’ taste and preferences are expected to gain a competitive edge over their rivals.
Industry/ Innovations/ Related News:
March 19, 2018 - Al Maha Ceramics (Oman), one of the leading global manufacturer of Ceramic tiles launched its two sub-brands “Reflexon” - High Polished, Digitally Printed in random Pattern Ceramic Tiles with Superior Strength and “Diamond Edge” - Rectified tiles.
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Worldwide Ceramic Tiles Market – Segments
For the convenience of the report and enhanced understanding; the report is been segmented in to 4 key dynamics
By Types: Comprises Wall tile & Floor tile.
By Application: Commercial, Residential, & etc.
By Raw Material: Coalized granite, Clay, Dolomite silt, Electrolyte among others.
By Regions: North America, Europe, APAC and Rest of the World.
Worldwide Ceramic Tiles Market – Geographical Analysis
Asia Pacific region accounts for the largest market for Ceramic Tiles. Augmented demand from the burgeoning construction industry in the region propels the market growth. Other factors that drive the market growth include growing population, increased disposable income of consumers along with the increasing government initiatives for infrastructure development and collaboration with foreign investors. Continuing with the same trends the APAC market is expected to hold its dominance in the next 6years.
US market of Ceramic tiles is witnessing the augmenting demand too. Many foreign manufacturing companies have expanded their manufacturing capacity in the country which in turn is bringing down the import rate sufficing domestic orders more quickly while manufacturing tailored products suiting the needs of U.S. consumers.
There has been a strong growth in the construction sector globally, especially in countries such as China, India, the US, and Brazil among others.
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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.
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This release was published on openPR.
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