Ceramic Tiles Market Projected to Witness Vigorous Expansion by 2019 | FMI Insights

The global ceramic tiles market was valued at US$ 78.7 Bn in 2015, and is expected to grow at a year-over-year rate of 9.2% to reach US$ 86.0 Bn in 2016. Asia and Europe are the two major markets for ceramic tiles, collectively accounting for 80.6% share of the global market in 2015. Asia Pacific (APAC) is the largest market globally, both in terms of production and consumption.

Demand for ceramic tiles is primarily driven by rising construction activities, economic reforms in developing countries, rapid urbanisation, growing per capita income, population expansion and higher disposable income especially in emerging economies such as China, Brazil and India. However, factors such environmental restrictions and stringent government regulations pertaining to excessive emission of CO2 during ceramic tiles production can hinder the growth of the market.

Request for Table of Contents @ https://www.futuremarketinsights.com/toc/rep-gb-1669

By application, residential replacement is the largest segment owing to its myriad uses, such as substitutes for marble, paint and other similar products. The residential replacement segment is anticipated to increase at a year-over-year rate of 9.5% in 2016 to reach US$ 85.9 Bn in revenues.

On the basis of type, ceramic floor tiles is the largest segment, accounting for US$ 33.4 Bn worth of demand in 2015. This segment is anticipated to increase at a year-over-year growth of 9.5% to reach US$ 36.6 Bn in revenues in 2016.

On the basis of regional segmentation the global ceramic tiles market is segmented into Asia Pacific, Europe, North America & Latin America and rest of world (ROW).

Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1669

In recent years, the global ceramic tiles landscape is witnessing increased production offerings and capacity expansion by various market participants, including China Ceramics, Ceramica Saloni, RAK Ceramics, Porcelanosa Grupo, Mohawk Industries and Kajaria Ceramics. The revival of the global economy has been bolstered the global housing sector, which in turn, has led to growth in the global ceramic tiles market.

Long-term Outlook: The global ceramic tiles market is anticipated to increase at a CAGR of 9.3% during the forecast period to reach US$ 112.3 Bn in revenues by 2019 end. Asia Pacific will remain the most lucrative region during the forecast period, whereas residential replacement application segment will continue to account for the highest demand.

Buy Full Ceramic Tiles Market Report @ https://www.futuremarketinsights.com/checkout/1669

ABOUT US:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.