Market Research Report
Global Ceramic Tiles Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||478674|
|Published||Content info||140 Pages
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|Global Ceramic Tiles Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: March 11, 2017||Content info: 140 Pages||
The significant growth in ceramic tiles market has been witnessed due to various market driven factors such as growing demand for new residential restructure, government support for infrastructure development, adoption of inkjet technology in ceramic tiles and rapid growth in flooring market. The rapid growth in flooring market has highly supported the ceramic tiles sales which is primarily driven due to growing urbanization in developing countries such as China, India, Africa etc. In Africa, since 1950 to today, the urban residents share has grown from 14% to 40%, and it is expected to touch 50% by the mid-2030s. One of the major drivers of urbanization in Africa is the growth of intermediate cities and towns and this trend is expected to continue with the growing industrialization in Africa. However, there are some factors restricting the market growth such as CO2 emission from ceramic tiles and growing demand for alternatives i.e. rubber & glass tiles. Though, the market is offering high scope for the market players with the growing construction industry as well as R & D investment for eco-friendly ceramic tiles. The market is facing some challenges such as growing competition in the market and volatility in raw material prices. Geographically, Asia Pacific is the leader in the ceramic tiles market due to growing infrastructural activities in the region along with government support. Moreover, high demand from China, India etc. is also encouraging the market demand in the region. The presence of major companies such as Atlas Concorde, China Ceramics Co. Ltd, Crossville Inc., Saloni, Kajaria etc. are increasing the scope for innovations for eco-friendly ceramic tiles and this will also help these company to increase market share and gain competitive advantage. These companies also used various strategies such as product launches, mergers & acquisition etc. to be competitive in the market.
The global ceramic tiles market has further classified on the basis of application and product. According to application, the market is further segmented into commercial, new residential, residential replacement, and other application. According to product, the market is further classified into floor tiles, wall tiles and other products. The demand for floor tiles has arisen as it is the major ceramic tiles, utilized universally. Wall tiles hold the second leading position in the product segment. Wall tiles are available in various colors and are protective to sunlight, which supports tiles to maintain their color without fading for a long span of time and thus, it makes them ideal to discover application in walls. Moreover, they are majorly used in kitchens, as they are easy to clean and supports to make the kitchen highly attractive. Growing awareness in terms of walls covering with tiles is expected to boost the demand for wall tiles. Residential replacement is one of the major application segments. It is the alternate for paints and marbles. New residential buildings applications are expected to witness potential growth due to high growth in construction industry in developing countries i.e. Brazil, China and India.