Eco-friendly Tiles Market Will Fuel the Market Players to Harness on the Opportunities

Eco-friendly tiles are the new buzz in the construction industry. These are made from renewable materials such as clay and scrap metal and are gaining popularity in various construction projects or buildings. The manufacturing process of the eco-friendly tiles is energy efficient with less waste production leading to minimal impact on the environment. As well as the concept of using recyclable material in the manufacturing of eco-friendly tiles, bring down the overall cost of eco-friendly tiles.

According to a new report published by Allied Market Research, titled, Eco-friendly Tiles Market by Type, Product, Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global eco-friendly tiles market was valued at $17,160 million in 2016, and is projected to reach $37,753 million by 2023, growing at a CAGR of 11.9% from 2017 to 2023. The porcelain tiles segment accounted for more than one-third of the global market in 2016.

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The factors that drive the growth of global eco-friendly tiles market include stringent environmental regulations imposed by government bodies as well as certain agencies such as U.S. Green Building Council, growth in popularity of green building standards, and rise in consumer awareness for sustainable products. Furthermore, durability and ease of maintenance fuel the growth of the eco-friendly tiles market.

In 2016, Asia-Pacific and Europe collectively accounted for around two-thirds share of the global eco-friendly tiles market, and is expected to grow at the higher CAGRs during the forecast period. China, India, and other developing countries are expected to witness various infrastructural developments as well as rearrangements in Asia-Pacific, thus, the eco-friendly tiles market of that region is anticipated to experience an increase in growth rate during the analysis period.

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Top Leading Key Player-
The major companies profiled in the report are Ann Sacks Tile & Stone Inc., Arizona Tile, Bedrosians Tile & Stone, Marazzi Group S.r.l, Villagio Tile & Stone, Dal-Tile Corporation, Wausau Tile, Inc., Terra Green Ceramics Inc, Enviroglas, and Crossville Inc.

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