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Ceramic Tiles Market Share Sales, Production, And Cost Forecasting Upto 2022

03-27-2020 03:48 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Ceramic Tiles Market Share Sales, Production, And Cost

Ceramic tile is one of the most prevalent flooring choices used in building & construction industry globally. These are made using raw materials such as feldspar, bentonite, kaolin, sand, and glass. These offer reduction in household allergens, are environment friendly, easy to clean, very low maintenance, cost-effective, and are resistant to scratch, moisture, and dust.

Ceramic Tiles Market Report, published by Allied Market Research states that the ceramic tiles market was valued at $84,123 million in 2015, and is projected to reach $145,949 million by 2022, growing at a CAGR of 8.1% from 2016 to 2022. Asia-Pacific held nearly one-third share of the global market in 2015.

New residential and residential replacement applications dominated the global market, with nearly two-thirds share, in terms of volume, in 2015. Increase in demand for moisture- and dust-resistant properties across residential and commercial applications is anticipated to drive the market growth.

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Vitrified ceramic tile held more than half of the total market share in 2015, and is expected to maintain its dominance during the forecast period. This is attributed to the rapid expansion of the construction industry worldwide. In addition, the introduction of new production processes and new product features is expected to boost growth of this segment.

Key findings to the Ceramic Tiles Market:
o In terms of value, vitrified tile segment is expected to grow at a CAGR of 7.6% during the forecast period.
o Asia-Pacific is projected to maintain its lead position throughout 2022, growing at a CAGR of 9.0%, in terms of value.
o Residential replacement approximately occupied more than one-third of the global market in 2015.
o China occupied more than one-fourth of the Asia-Pacific ceramic tiles market in 2015, and is expected to grow at the highest CAGR of 11.0%, in terms of value.

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The major companies profiled in the report include RAK Ceramics, Mohawk Industries, Ceramica Saloni, China Ceramics, Kajaria Ceramics, Porcelanosa Grupo, Siam Cement Group, Lamosa Grupo, Ras Al Khaimah Ceramics, and Crossville Inc.

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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