Asia Pacific to witness highest growth in ceramic tiles market over 2016-2024 - PowerPoint PPT Presentation

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Asia Pacific to witness highest growth in ceramic tiles market over 2016-2024

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Ceramic tiles find significant applications in residential and commercial sectors. Emerging residential projects will further bring a wide set of opportunities for the ceramic tiles market players. Ceramic tiles application in residential replacement sector worth USD 36 billion in 2015, is predicted to witness a substantial growth over 2016-2024. Increasing spending on renovation activities to improve appearance of walls and floors is predicted to fuel the demand for ceramic tiles applications in residential replacement sector. – PowerPoint PPT presentation

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Title: Asia Pacific to witness highest growth in ceramic tiles market over 2016-2024


1
Asia Pacific to witness highest growth in ceramic
tiles market over 2016-2024 Fractovia.org
2
Overview
  • Asia Pacific ceramic tiles market size is
    expected to record a CAGR of 10 over 2016-2024
    due to rise in expenditure in construction
    industry.
  • Rising expenditure on construction activities
    worldwide is anticipated to favorably influence
    ceramic tiles market over the coming years.
  • Government initiatives to propel infrastructure
    growth, rising per capita income, foreign
    investment, and increasing population are few of
    the factors predicted to benefit construction
    industry, consequently stimulating ceramic tiles
    market size.
  • Strong growth in flooring industry, which holds a
    significant importance in commercial and
    residential infrastructure such as hospitals,
    airports, and railway stations, is predicted to
    catalyze the market share over the coming eight
    years.
  • According to Global Market Insights, Inc.,
    Ceramic Tiles Market share worth USD 77 billion
    in 2015, is expected to reach USD 178 billion by
    2024, growing at a rate of 9.8 over 2016-2024.

3
Product Trends
  • Ceramic tiles find significant applications in
    residential and commercial sectors.
  • Emerging residential projects will further bring
    a wide set of opportunities for the ceramic tiles
    market players.
  • Ceramic tiles application in residential
    replacement sector worth USD 36 billion in 2015,
    is predicted to witness a substantial growth over
    2016-2024.
  • Increasing spending on renovation activities to
    improve appearance of walls and floors is
    predicted to fuel the demand for ceramic tiles
    applications in residential replacement sector.
  • Its application in commercial sector is
    anticipated to grow at a rate of 9.8 over
    2016-2024 due to growing demand for ceramic tiles
    to provide aesthetic look to commercial
    structures like workplaces, shopping malls, and
    airports.

4

Browse Full Market Research Report Ceramic tiles
Market _at_ https//www.fractovia.org/news/industry-r
esearch-report/ceramic-tiles-market Request
for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/231
5
Application Trends
  • Ceramic tiles products such as wall tiles and
    floor tiles are witnessing heavy demand across
    various industries.
  • Ceramic wall tiles market is forecast to grow at
    a rate of 9.5 over 2016-2024 as they are
    sunlight resistant which helps them to retain
    color for longer period and makes them widely
    preferred in walls. Furthermore, these tiles are
    extensively used in kitchens owing to their ease
    of cleaning and aesthetic appeal.
  • Floor ceramic tiles market share produced a
    revenue of over USD 39 billion in 2015 and is
    expected to witness a substantial growth over the
    coming eight years owing to its high durability
    as well as shock thermal resistance properties.
    In addition to this, ease of replacing and
    installing these tiles is predicted to increase
    its popularity in near future.

6
Competitive Trends
  • Key industry players include Kajaria Ceramics
    Limited, Ras Ceramics, China Ceramics Company
    Limited, Ceramiche Atlas Concorde S.P.A, and
    Saloni Ceramica. Regional expansion and product
    innovation will be the key growth strategies
    witnessed by the industry over the coming years.
  • Ceramic tiles market share is considerably
    fragmented. Mohawk Industries, Siam Cement Group,
    Ras Al Khaimah Ceramics, Lamosa Grupo and Kajaria
    Ceramics are prominent industry players.

7
Regional Trends
  • Asia Pacific ceramic tiles market is expected to
    record a CAGR of 10 over 2016-2024 due to rise
    in expenditure in construction industry.
    Furthermore, rising preference for marble floors
    along with replacement of metal slabs, paints,
    and home decorative items with ceramic tiles are
    expected to boost the regional growth over the
    coming years. South Korea, Japan, and India are
    predicted to be the key revenue pockets of the
    region over the coming eight years.
  • North America market worth USD 1 billion in 2015,
    is anticipated to witness a significant surge
    over forecast timeframe due to growing remodeling
    practice coupled with forthcoming construction
    projects comprising commercial as well as
    residential constructions. U.S. ceramic tiles
    market is expected to make a substantial
    contribution towards the overall revenue of the
    region.

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