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Ceramic Tiles Market Value Chain Analysis and Forecast up to 2024
View Full Report: https://www.transparencymarketresearch.com/ceramic-tiles-market.html
Asia Pacific Projected to Offer Lucrative Growth Avenues
Regionally, the global ceramic tiles market is segmented into North America, Latin America, and the Middle East and Africa, Europe, and Asia Pacific. Of these, the Asia Pacific market held the leading share in 2015 and is projected to occupy a share of 66.5% by the end of 2024. This regional market is anticipated to witness a substantial demand for ceramic tiles throughout the forecast period, primarily in countries such as China, India, and South Korea.
The primary product segments in the ceramic tiles market are floor tiles, ceiling tiles, roofing tiles, and wall tiles. Of these, the segment of floor tiles is projected to witness a robust growth throughout the forecast period. In terms of aggregate consumption volumes of ceramic tiles, the floor tiles segment dominated the market in 2015.
The global ceramic tiles market features a highly competitive and extremely fragmented landscape as the top five players accounted for a combined share of meagre 7.7% in 2015, notes Transparency Market Research (TMR). These leading companies are Kajaria Ceramics, RAK Ceramics P.J.S.C, Siam Cement Group, Grupo Lamosa, and Mohawk Industries Inc. The top players are intensely introducing innovative designs and patterns and boosting their distribution channels in order to consolidate their market presence. Several players are conducting extensive research into the current design trends and ramping up their sales efforts in major regions to gain a competitive edge over others.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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