Global Ceramic Tiles Market: Worldwide Industry Analysis and New Market Opportunities Explored
The Infinium Global Research analyzes the Ceramic Tiles Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global ceramic tiles market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of ceramic tiles. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the ceramic tiles market during the period. The global ceramic tiles market is projected to grow at a CAGR of 9.7% over the forecast period of 2019-2025.
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Rapid Growth Construction Activities Across the Globe Drive the Growth of Ceramic Tiles Market Over the Forecast Period
The rapid growth construction activities across the globe drive the growth of ceramic tiles market over the forecast period. Additionally, the growing population along with rapid urbanization have a positive impact on market growth. Moreover, increased spending on infrastructure by the government coupled with rise in a number of renovation & remodeling activities is escalating the growth of ceramic tiles market. Expanding demand for flooring in the commercial and residential sector is expected to drive the global ceramic market. However, carbon emission during the production of ceramic tiles is anticipated to restrains the market growth. Furthermore, rapid growth in the global economy offers growth opportunity for ceramic tiles market.
Ceramic Tiles Market: Segmentation
The global ceramic tiles market is segmented by product, raw materials, and application. The global ceramic tiles market by product is categorized into floor tiles and wall tiles. The raw materials segment in the global ceramic tiles market is segmented into feldspar, bentonite, kaolin and silica sand. The global ceramic tiles market by application segment is classified into commercial, residential and other applications. All of them, the residential segment is accounted to hold maximum share owing to the growing development of residential infrastructures across the globe.
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Asia Pacific is Accounted to Hold Maximum Share in the Global Ceramic Tiles Market
Among the geographies, Asia Pacific is accounted to hold maximum share in the global ceramic tiles market. India is 2nd largest ceramic tiles producer in the world, accounting for 7% of the global production. The growth in the housing sector along with Growth in real estate market have a positive impact on Asia Pacific ceramic tiles market. Various government initiatives for infrastructure development and favorable demographics is expected to drive regional growth. North America is anticipated to be the second-largest region in this market over the forecast period. The U.S. and Canada are the major countries attributing the growth of the market in this region. The Middle East and Africa is expected to be the fastest-growing region in this market owing to the rapid growth in construction activities in Qatar, Saudi Arabia, Kuwait, and UAE.
Ceramic Tiles Market: Competitive Analysis
The major players in the global ceramic tiles market include CERAMICHE ATLAS CONCORDE S.P.A, Florida Tile Inc., Saloni, China Ceramics Co Ltd, NITCO, Kajaria Ceramics, Grupo Lamosa, Siam Cement Group, Mohawk Industries and Other Companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the ceramic tiles.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.