Worldwide Ceramic Tiles Market – Synopsis
The global Ceramic Tiles Market will perceive phenomenal accruals posting 6.17% of a CAGR during 2017 – 2023. The Global Ceramic Tiles Market is growing rapidly mainly owing to the booming construction industry. Market enjoys the unique distinction of being highly indigenous with an abundance of raw materials, technical skills, and infrastructural facilities. Versatile, durable and stylish, ceramic tiles play an integral part in home decor. Being stain and water resistant, naturally robust against high humidity conditions and renowned for their longevity and easy maintenance.
The reasons behind the popularity of Ceramic Tiles are its preeminent factors like the durability, cost and ease of maintenance. The same factors are propelling the market growth as well. The inexpensive and highly durable ceramic tiles are witnessing a high demand from the industries such as hospitals, laboratories, and residential buildings.
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A tile is a manufactured substance primarily used as a covering material for floors, roofs, walls, showers, and other objects. Tiles are made up of ceramic, metal, stones, and glass. Ceramic tiles are made up of sand, clay and natural products. These tiles are manufactured by molding the raw materials as per desire and shape and then heating them in a kiln at high temperatures. The growth of the ceramic tiles market can be attributed to the growing consumption of residential buildings, hospitals, and laboratories among others owing to their durability and low price. The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast period. The global ceramic tiles market is expected to expand at an encouraging CAGR during the forecast period Moreover, the increasing investment in infrastructural development across the globe is expected to have an appositive impact on the growth of the market. Moreover, the low maintenance and high durability are other factors boosting the market growth.
With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch.
Designing Customized tiles is the latest trend observed in the market during the analysis. Resultantly, this trend is expected to drive the market competition intensely. Manufacturers having the ability to manufacture exclusive tiles based on the consumers’ taste and preferences are expected to gain a competitive edge over their rivals.
Industry/ Innovations/ Related News
March 19, 2018 – Al Maha Ceramics (Oman), one of the leading global manufacturer of Ceramic tiles launched its two sub-brands “Reflexon” – High Polished, Digitally Printed in random Pattern Ceramic Tiles with Superior Strength and “Diamond Edge” – Rectified tiles.
The global ceramic tiles market is segmented into the product, raw material, and application. On the basis of raw material, the market is segmented into feldspar, kaolin, bentonite, silica sand, and others. On the basis of the product, the global ceramic tiles market is segmented into wall ceramic tiles, floor ceramic tiles, and others. On the basis of the application, the global ceramic tiles market can be further segmented into commercial, residential and others.
Crossville Inc, Iris Ceramica Kajaria Ceramics, Ceramiche Atlas Concorde, Saloni Ceramics, Ceramic India, RAK Ceramics, Florida Tile, and China Ceramics Co. are some of the prominent players at the forefront of competition in the Global Ceramic Tiles Market and are profiled in MRFR Analysis.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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