Decorative Tile Market has to Reach USD 64,775.0 Million and is projected to grow at the highest CAGR of 4.37% during the forecast period

Decorative Tile Market

North America Decorative Tile Market is governed by the declining commercial construction activities and moderately growing private construction. The North American market for tiles is highly dependent on the imports from other countries. Hence, North America decorative tile market is projected to grow at a CAGR of 3.44%.

Decorative tile provides stronger, harder and water resistant to floors and walls. The growth in construction industry, which requires a subsequent amount of wall & floor covering tiles. Decorative tile provides luxurious interior and also safety. All these factors are driving the market for decorative tile in the forecast period.

Based on end-use, residential sector accounted for the largest market share of 57.69% in 2016, with a market value of USD 64,775.0 Million and is projected to grow at the highest CAGR of 4.37% during the forecast period.

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Decorative Tiles Market, made out of ceramic, porcelain, marble and stones are the tiles which are designed specifically to suit the construction type and theme. It is designed to add personality to the wall and floor and enhance the value of the construction in turn.

Continuously increasing private and residential construction due to increased disposable income and increased focus on the aesthetic values, driving the demand of the market. Commercial was the second-largest market in 2016, valued at USD 47,506.2 Million in 2016; it is projected to grow at a CAGR of 3.34%.

Market Scenario:

On the basis of region, Asia-Pacific accounted for the largest market share of 65.21% in 2016, with a market value of USD 73,218.6 Million and is projected to grow at the highest CAGR of 4.23% during the forecast period. The increasing number of supermarkets in the Asia-Pacific region and the growing demand for multipacks of various grocery products, are expected to boost the demand for decorative tiles products.

The booming e-commerce market due to increasing internet penetration in the region, is also contributing to the growth of the market. Europe was the second-largest market in 2016, valued at USD 14,663.9 Million in 2016; it is projected to grow at a CAGR of 3.60%. The region accounts for increasing manufacturing of ceramic tiles as well as one of the leading consumers of the decorative tiles. As per ACIMAC, European Union held 9.9% of the world’s production of tiles in 2015.

The commercial segment includes office space, trading space, shopping malls, business centres, and other public spaces. The segment demands tiles for its flooring specifically than walls and other areas. The commercial complexes occupy vast area and expect heavy footfall. It is due to this reason that the floor tiles are given importance than others.

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Hence, Global Decorative Tiles Market is expected to reach a market size of USD 146,213.4 million by the end of the forecast period at CAGR of 3.94%.

Table of Content:

1 EXECUTIVE SUMMARY

2 RESEARCH METHODOLOGY

3 MARKET DYNAMICS

4 GLOBAL DECORATIVE TILE MARKET, BY TYPE

5 GLOBAL DECORATIVE TILE MARKET, BY APPLICATION

6 GLOBAL DECORATIVE TILE MARKET, BY END USER

FIGURE 1 RESEARCH APPLICATION

FIGURE 2 GLOBAL DECORATIVE TILE MARKET: BY TYPE (%)

FIGURE 3 GLOBAL DECORATIVE TILE MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL DECORATIVE TILE MARKET: BY END USER (%)

FIGURE 5 GLOBAL DECORATIVE TILE MARKET: BY REGION

FIGURE 6 NORTH AMERICA DECORATIVE TILE MARKET, BY TYPE (%)

FIGURE 7 NORTH AMERICA DECORATIVE TILE MARKET, BY APPLICATION (%)

FIGURE 8 NORTH AMERICA DECORATIVE TILE MARKET, BY END USER (%)

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The report for Global Decorative Tiles Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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