Global Large Format Ceramic Panels Market is valued USD 32.35 billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of 10.7% over the forecast period 2018-2025.
New York 3 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Large Format Ceramic Panels market industry is poised to raise USD XXX billion by 2025. Rising consumer interest in large-format seamless ceramic tiles, availability of distribution channels and developments in the construction sector are the major factors which are driving the growth in the Global Large Format Ceramic Panels Market. However, government strategy, technical challenges, market environment, and future risks influence the market growth.
The large format ceramic panel also called extra-large size ceramic tile is a segment of ceramic tile market which includes craftily designed tiles. These panels are becoming increasingly famous and are widely being used in interior design and architecture as they comprise some features including low weight, perfect flatness, and excellent mechanical and physical properties. Ceramic panels are lightweight and planer and that’s why they are easy to fix on walls and other surfaces. These panels have no effect of sunlight and therefore they can be used on the exterior walls. Moreover, the ceramic panels are large in size and therefore these are easy to clean. Due to the application, large format ceramic panels are widely being used in exterior and interior walls, floorings, and countertops in some high- end residential and commercial buildings.
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Global Large Format Ceramic Panels Market Size study, by Application (Flooring, Interior Wall, Exterior Wall Cladding, Countertop), by Thickness (3mm & below, 5-9 mm, 9.1-12 mm, 20 mm & Above), and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Granitifiandre, Laminam Spa, Levantina, ABK Group, Florim, RAK Ceramics and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant 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, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Interior Wall
- Exterior Wall Cladding
- 3mm & below
- 5-9 mm
- 1-12 mm
- 20 mm & Above
- North America
- Asia Pacific
- Latin America
- Rest of the World