Global Ceramic Tiles Market is expected to reach USD 125.32 billion
by 2020, according to a new study by Grand View Research, Inc. Construction
industry growth in BRICS coupled with rising demand for new residential
structures in emerging markets of China and India due to urbanization is
expected to drive market demand for ceramic tiles over the forecast period.
Stringent environment regulations pertaining to carbon emissions caused during
the production of ceramic tiles has forced market players to increase their
R&D expenditure on eco-friendly products, which is likely to open new
market avenues in the near future.
Residential replacement was the
largest application, accounting for more than 50% of market volume in 2013.
Growing demand for durable material coupled with rising awareness towards
personal hygiene is expected to augment ceramic tiles demand in residential
replacement over the forecast period.
Browse full research report on Ceramic Tiles Market:
Further key findings from
the study suggest:
- Global ceramic tiles market demand was 12,328.3
million square meters in 2013 and is expected to reach 21,822.7 million
square meters by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
- Floor tiles were the largest product segment for
ceramic tiles market, accounting for over 50% of market volume in 2013.
Emergence of floor tiles as a replacement for hardwood and other flooring
options on account of superior properties such as high durability, frost
& thermal shock resistance is expected to have a positive impact on
ceramic tiles market in the near future.
- Asia Pacific was the largest ceramic tiles market,
exceeding 60% of global volume in 2013. Government of India and China have
increased spending on infrastructure improvement, which is expected to
promote the demand for residential and commercial structures and boost
ceramic tiles market over the forecast period.
- Emergence of West Africa as a manufacturing hub for
ceramic industry on account of growing domestic demand for ceramics in
household and building applications in countries such as Nigeria is
expected to have a positive impact on market. Low manufacturing cost as
compared to countries of North America and Europe has forced numerous
ceramic manufacturers to commence production in West Africa. In December
2013, West African Ceramics Ltd. (WACL) announced an investment of over
USD 50 million to commence production of ceramic tiles in Nigeria.
- Global ceramic tiles market is fragmented in nature
due to presence of numerous companies operating across the world. Key
market participants include Crossville Inc., Saloni Ceramica, and China
Ceramics.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
For the purpose of this study, Grand View Research has
segmented the global ceramic tiles market on the basis of product, application
and region:
Global Ceramic Tiles Product Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2012 - 2020)
• Wall Tiles
• Floor Tiles
• Others
Global Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• Residential Replacement
• New Residential
• Commercial
• Others
Global Ceramic Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• North America
• US
• Europe
• France
• Italy
• Latin America
• Brazil
• Asia Pacific
• China
• India
• RoW
• Iran
• Wall Tiles
• Floor Tiles
• Others
Global Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• Residential Replacement
• New Residential
• Commercial
• Others
Global Ceramic Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• North America
• US
• Europe
• France
• Italy
• Latin America
• Brazil
• Asia Pacific
• China
• India
• RoW
• Iran
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-ceramic-tiles-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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