Ceramic tiles market outlook, regional growth & industry share by 2025
Asia Pacific is likely to witness an increase in market
share by 2025. Increasing construction spending in India, South Korea and Japan
is likely to accelerate ceramic tiles market size growth over the next few
years. Shift in preference for ceramic tiles over metal slabs, marble floors,
replacing paints and other home decorative products shall be positively
influencing regional product demand from 2018 to 2025.
The commercial end-user segment of ceramic tiles market
includes product usage in offices, hotels, hospitals and sports complexes. It
provides aesthetic to walls and floor. Rising product demand in commercial
buildings such as malls is likely to boost the global ceramic tiles market in
the near future.
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Ceramic Tiles Market size is forecast to
exceed USD 185 billion by 2025; according to a new research report by Global
Market Insights, Inc.
Global ceramic tiles market will be primarily
driven by rapidly growing construction industry across Middle East and Asia
Pacific. New residential as well as public infrastructure projects in these
regions will be attracting a huge capital from key financial players and
nations, which in turn, will be positively influencing ceramic tiles market
size during the forecast timeframe.
The processing of ceramic tiles emits
hazardous gases along with enormous amount of carbon dioxide in the atmosphere,
which has become a matter of concern for various environmental organizations
and countries. Emission of carbon dioxide Asia Pacific shall reach nearly
17,000 tons by 2025 due to existent lenient policies. Thus, in a responsive
act, many countries, especially in Europe and the U.S. has put governmental
regulations in extraction of feldspar and kaolin (prime components of ceramic
tiles) and processing of them for product manufacturing. These regulations are
likely to obstruct a smooth growth for ceramic tiles market over the forecast
period.
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Wall tiles
are available in various colours and sunlight resistant. This helps in
retaining their colour without fading for a longer time period. The colour
retention property makes them suitable for wall tiles. Ceramic wall tiles are
commonly used in kitchens, as it is easy to clean and increases the kitchen
decor. Rising awareness about wall tiles for house decoration is likely to
boost the demand for ceramic tiles during the forecast timespan.
The other
segment in ceramic tiles business includes ceiling tiles, roofing tiles and
countertop tiles. Ceramic ceiling tiles are widely employed in bathrooms. Usage
of ceramic tiles on shower ceiling is an ongoing trend, which is likely to
continue during the forecast timeframe. The product usage as roofing tiles
helps in preventing the rainwater from seeping into the house.
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Report Summery @ https://www.gminsights.com/industry-analysis/ceramic-tiles-market
The companies operational in this industry includes giants such as
Porcelanosa Grupo, Mohawk Industries, Ceramiche Atlas Concorde, Ras Al Khaimah
Ceramics and Grupo Lamosa. The industry has abundance of small and medium sized
manufacturing companies which have a strong local connect and a loyal customer
base.
Multinational players have an extensive distribution network and mostly
cater to commercial applications. Major market share contributors in this
industry adopt production expansion strategy to cater to growing demand. For
example, In February 2016, Florida Tile Inc. announced plans to invest about
USD 25.2 million to expand its operations in the U.S. This move would enable
the company to expand its distribution center and add a manufacturing line to
its existing manufacturing plant.
About
Global Market Insights:
Global Market Insights, Inc., headquartered
in Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Ceramic tiles market outlook, regional growth & industry share by 2025
Reviewed by Pradip Varpe
on
December 12, 2018
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