Global Ceramic Tiles Market is valued at USD 90.9 billion in 2016 is anticipated to grow USD 212.6 billion with the compounded annual growth of 9.90% over the forecast period 2017-2025.
New York 29 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Ceramic tiles market industry is poised to raise USD 212.6 billion by 2025. Residential replacement, commercial, and new residential are the major application segments of the ceramic tiles market. The residential replacement segment constituted the largest demand for ceramic tiles in 2017. However, the new residential segment is expected to build substantial growth opportunities for the ceramic tiles market during the forecast period. GCC countries, Turkey, and Brazil are expected to offer lucrative opportunities in the ceramic tiles market during the forecast period, owing to rise in construction activities in these countries.
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Global Ceramic Tiles Market Size study, by Product (Floor Tiles, Wall Tiles, and Ceiling Tiles and Roofing Tiles), by Application (Residential Replacement, Commercial, New Residential, and Industrial) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Ceramiche Atlas Concorde S.P.A., Crossville Inc., china ceramics co ltd., Florida tiles Inc., Grupo lamosa SAB de CV, kajaria ceramic and so on. Other market players discussed in the report include Mohawk Industries Inc., Porcelanosa Grupo,Saloni ceramics, Siam cement group. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered following segments for the study:
- Floor Tiles
- Walls Tiles
- Ceiling Tiles
- Roofing Tiles
- Residential replacement
- New residential
- North America
- Asia Pacific
- Latin America
- Rest of the World