Press release
Ceramic Tiles Market Sale to Hit US$ 228 Bn by the end of 2029
Ceramic Tiles Market 2022
The global ceramic tiles market value is estimated to be ~US$ 97 Bn by 2019-end, and is forecasted to reach ~US$ 228 Bn by the end of 2029. According to the research report, the ceramic tiles market is expected to grow at ~9% value CAGR over the forecast period of 2019-2029.
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According to the detailed study and analysis, increasing construction spending, particularly in the residential construction sector, and inclination towards production of eco-friendly products among the manufacturers are likely to positively impact the growth of the ceramic tiles market. Additionally, high demand for ceramic tiles for flooring and wall applications in residential and non-residential construction activities is expected to boost the market growth throughout the forecast period.
High adoption of dry pressed formulation technology continues to influence the growth strategies, while manufacturers are focusing on adoption of casting technology to capitalize on the evolving trends in the construction industry.
Key Companies-
• CERAMICHE ATLAS CONCORDE S.P.A
• Cersanit SA
• Florim Ceramiche S.P.A
• Grupo Lamosa SAB de CV
• GranitiFiandre S.p.A.
• Grupo Fragnani
• Johnson Tiles
• Mohawk Industries
• Pamesa Ceramica Sl
• Portobello Ceramics
• RAK CERAMICS
• Kajaria Ceramics Limited
• Saudi Ceramic Company
• PORCELANOSA Grupo A.I.E
• Crossville Inc.
• LIXIL Group Corporation
Complete Report Details@https://www.persistencemarketresearch.com/market-research/ceramic-tiles-market.asp
Key Segments of the Ceramic Tiles Market
Application
• Walls
• Flooring
• Others
• Formulation
• Dry Pressed
• Extruded
• Casting
End Use
• Residential
• Non-residential
• Sales Type
• New Installation
• Replacement
Region
• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
High Adoption of Ceramic Tiles for Flooring
In recent years, ceramic tiles have ben witnessing high demand for flooring application. In addition, the wall application of ceramic tiles is estimated to expand at a favorably higher rate than other application areas over the forecast period. New construction and maintenance activities in developed as well as developing regions are estimated to fuel the growth of the ceramic tiles market. The increasing construction projects and rebuilding activities are anticipated to influence major players to increase their production and explore various untapped applications and regions.
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Key Questions Answered in PMR's Ceramic Tiles Market Report -
• Which region is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors propelling the demand for ceramic tiles during the forecast period?
• How current trends will impact the ceramic tiles market?
• Who are significant market participants in the ceramic tiles market?
• What are the crucial strategies of prominent players in the ceramic tiles market to upscale their positions in this landscape?
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