The global ceramic tiles market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include rapid urbanization together with rise in disposable income, increasing number of renovation & remodeling activities, demand for repair and maintenance, growing investments in the construction industry and technological advancements in the industry. However, volatile raw material prices and strict government regulations are hampering the market growth.
Global ceramic tiles market segmented on the basis of product type, raw material, application and region.
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Silica Sand Dominate the Global Ceramic Tiles Market
Based on raw material, global ceramic tiles market segmented into silica sand, kaolin, feldspar and bentonite. Silica Sand held considerable market growth during estimated period. Silica is essential to the production of ceramics. When manufacturing ceramics, the use of silica helps modify thermal expansion, regulate drying and shrinkage, and improve structural integrity and appearance. Silica is necessary for both glazing and body construction of products such as tableware, sanitary ware, and floor and wall tiles. In the ceramic body, silica is the skeletal structure upon which clays and flux components attach.
Asia Pacific Leads the Global Ceramic Tiles market
PBI’s global ceramic tiles market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global ceramic tiles market with considerable CAGR. The growth in this region is due to expansion in construction industry, growth in the region’s population and stable economic growth in the region. Also, China and India are the major contributors for the market growth in this regions owing to affordable housing projects have created a demand for various construction materials. In addition, North America held considerable market share due to increasing construction of green buildings in the region.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global ceramic tiles market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Gruppo Concorde (Italy), Guangdong Dongpeng Ceramic Co.Ltd (China), Kajaria Ceramics (India), Lamosa (Mexico), Mohawk Industries Inc (U.S.)., Pamesa Ceramica (Spain), Panariagroup Industrie Ceramiche S.p.An (Italy), RAK Ceramics (Arab Emirates), Roca SanitarioS.A (Spain) and The Siam Cement Public Company Limited(Thailand).
Precision Business Insights (PBI) in its report titled “Global Ceramic Tiles Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Product Type
o Wall Tile
o Vitrified Tile
o Industrial Tile
o Floor Tile
By Raw Material
o Silica Sand
o Residential Replacement
o New Residential
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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