Ceramic Tiles Market Outlook to 2025 - Gruppo Ceramiche Ricchetti, Kajaria Ceramics Ltd, Mohawk Industries, China Ceramics Co, Florida Tile, PORCELANOSA Grupo, RAK Ceramics, and The Siam Cement Public Co
Physical properties attributable to the nature of ceramic tiles pose a certain challenge to their proliferation whose market is estimated to reach US$ 122.59 Bn by 2025
The report focuses on an in-depth segmentation of ceramic tiles market based on type and application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries.
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Ceramic tiles market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of Ceramic tiles to gain high market share. Some of the key players operating in the Ceramic tiles market includes Mohawk Industries, Inc., China Ceramics Co., Ltd., Florida Tile, Inc., GRUPO LAMOSA, S.A.B. DE C.V., Kajaria Ceramics Limited, Porcelanosa Grupo AIE, PT. Muliakeramik Indahraya, RAK Ceramics, The Siam Cement Public Co. Ltd., and Gruppo Ceramiche Ricchetti SPA among others.
Global ceramic tiles market is expected to grow from US$ 81.01 Bn in 2017 to US$ 122.59 Bn by 2025 at a CAGR of 5.5% between 2018 and 2025.
The ceramic tiles have several performance benefits which attracts the end users especially, the builders and the constructors. However, the disadvantages of the building material possesses major concerns while procurement. The ceramic tiles by properties are very hard, which makes the material unsuitable for some end users. Attributing to the hardness of the material, it is very uncomfortable to stand on or walk, and unlike resilient floors, the ceramic tiles are highly resistant to softening by using padded underlayment. The builders or constructors of commercial infrastructures sometimes limits their procurement of ceramic tiles while constructing the buildings.
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This fact inhibits the ceramic tiles market to penetrate. Another key concern related to the ceramic tiles among the builders, constructors and house owners accounted for the coldness of the material. Ceramic tiles gets very cold in the winter, which is a major drawback of the building material. Pertaining to this fact, several house owners, builders and constructors operating in the colder regions of the globe, restricts the usage of ceramic tiles on floors. This factor also hinders the procurement of ceramic tiles in those particular regions.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ceramic tiles market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global ceramic tiles market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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