Press release
Global Ceramic Tiles Market Competitive Dynamics & Global Outlook 2029
Prophecy Market Insights
Key Highlights:
In August 2018, Solus Ceramics Ltd had launched new subtle and contemporary range of neutral themed tiles.
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Key Market Insights from the report:
The global ceramic tiles market accounted for US$ 239.4 billion in 2019 and is projected to register a moderate CAGR of 7.0% over the forecast period. The market report has been segmented on the basis of type, application, and region.
By type, the floor tiles is segment accounted for major revenue share in 2019, owing to its excellent properties such as high durability, low maintenance, water-resistance, and reliability.
By application, the residential segment is accounted for major revenue share in 2019 due to increasing trend toward interior decoration.
By region, Asia Pacific ceramic tiles market accounted for major revenue share of the global metamaterial market and is further anticipated to maintain its dominance over the forecast period, owing to increasing construction industry, supportive government policies and plans, and rapid urbanization in countries of the region. The market in Europe is expected to account for second-highest revenue share in 2019.
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The prominent player operating in the global ceramic tiles market includes Mohawk Industries, Inc., Siam Cement Group, R.A.K Ceramics PJSC, Solus Ceramics Ltd, Grupo Lamosa, S.A.B. de C.V., Kajaria Ceramics Limited, China Ceramics Co. Ltd., LASSELSBERGER GmbH, Panariagroup Industrie Ceramiche S.p.A., Gruppo Concorde S.p.A., Johnson Tiles, and Kale Enerji A.S.
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