Global Decorative Tiles Market is Expected to Reach A Market Size Of USD 146,213.4 Million by the End of the Forecast to 2023 - Market Research Future

Market research future published a cooked research report on Global Decorative Tiles Market that contains the information from 2017 to 2023. Global decorative tiles market is expected to grow with the CAGR of approximately 3.94% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 135 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Decorative Tiles Market Information from 2017 to 2023"

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Increased consumption tiles in the Asia region driving the growth of the market. With increasing construction activities in the APAC region, especially in the countries of India, China and Indonesia, there is seen an increasing demand for floor, walls and roof tiles. According to the same source, Asia also accounts for the largest share of 70% in the tile production in 2015. Additionally, increase in the global foreign direct investment (FDI) inflows also provide further boost to the market. However, ceramic tiles have high environmental impact. The reason is attributed to the greater greenhouse gas emissions and the emissions associated with the glaze required for the production of ceramic tiles. This may hamper the growth of the market.

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Asia-Pacific region dominates the global decorative tiles market

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.

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%.

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The prominent players in the decorative tiles include RAK Ceramics (UAE), The Siam Cement Public Company Limited (Thailand), Group Lamosa (Mexico), Roca Sanitario, S.A. (Spain), Panariagroup Industrie Ceramiche S.p.A (Italy), Gruppo Concorde S.p.A. (Italy), Mohawk Industries, Inc. (U.S.), Kajaria Ceramics Limited (India), Pamesa Cerámica SL (Spain), and Guangdong Dongpeng Ceramic Co., Ltd. (China).

This research report provides insights, on various levels of analysis such as industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Decorative tiles market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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