Commercial application in Ceramic Tiles Market to grow at 9.8% CAGR over 2017-2024 - PowerPoint PPT Presentation

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Commercial application in Ceramic Tiles Market to grow at 9.8% CAGR over 2017-2024

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Key brands in the global Ceramic Tiles Market are Mohawk Industries, Lamosa Grupo, Kajaria Ceramics, Siam Cement Group, Florida Tile, Crossville, and China Ceramics. – PowerPoint PPT presentation

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Title: Commercial application in Ceramic Tiles Market to grow at 9.8% CAGR over 2017-2024


1
Ceramic Tiles Market to grow at 9.8 CAGR over
2017-2024
2
Key Insights from Ceramic Tiles Market
  • Ceramic Tiles Market to be valued USD 178.16
    billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • The tremendous increase in the construction
    activities across the globe is the prime factor
    fueling the growth of Ceramic Tiles Market. Owing
    to the rapid urbanization, the demand and sales
    of the ceramic tiles is increasing significantly
    around the world. The global market for ceramic
    tiles was valued over USD 76.80 billion in 2015
    and is poised to reach USD 178.16 billion by
    2024, according to a report by Global Market
    Insights, Inc. As per statistics, Chinas
    construction industry was the largest in the
    world, with construction expenditure recorded
    over USD 1.7 trillion. As the construction sector
    is witnessing a major upswing in Asia Pacific
    region, the regional ceramic tiles market is
    likely to grab some colossal takes over the
    years. Estimates suggest that Ceramic Tiles
    market will record an annual growth rate of 9.8
    over the period of 2016-2024.

3
Continued...
  • Asia Pacific ceramic tiles industry is
    anticipated to witness highest gains of over 10
    CAGR from 2016-2024. Rise in infrastructural
    spending in the emerging economies including
    India, South Korea, and Japan will primarily
    drive ceramic tiles market in the region.
    Additionally, the growing trends of metal slabs,
    marble floors, and replacing paints and home
    decorative products will further propel the
    product demand in the region.
  • The factors like ease of maintenance, good
    thermal shock resistance, and durability of
    ceramic titles is expected to provide a
    substantial push to this industry. The deployment
    of ceramics tiles is expected to increase in
    residential buildings, laboratories, hospitals,
    and commercial buildings. The residential ceramic
    tiles industry share was worth USD 36 billion in
    2015, owing to the rising renovation and
    rebuilding projects for enhanced flooring and
    wall appearance. Moreover, the mounting trend of
    providing beautiful and eye-catching aesthetic
    look in shopping malls, airports, offices, etc.
    has stimulated the commercial applications of
    ceramic tiles market.

4
Continued...
  • The recent advent of ceramic tiles with stain and
    germ resistant features is also likely to enhance
    the market demand of the product. Moreover, the
    expanding flooring market is poised to provide a
    notable impetus to the ceramic tiles industry
    over the coming seven years. As ceramic tiles are
    one of the most widely used products in flooring
    application of residential commercial
    buildings, the market is ought to exhibit
    commendable gains in the coming years. The floor
    ceramic tile market share is anticipated to go up
    at the fastest rate by 2024, as these can be used
    as substitutes for marble, paints, and other
    similar products.
  • Ceramic wall tiles, being another pivotal product
    segment, is expected to seize major ceramic tiles
    industry share. The market is likely to observe
    gains at over 9.5 CAGR over the period of
    2016-2024, owing to its wide preference in
    kitchen walls. These ceramic walls are available
    in wide range of colors, designs, and patterns.
    These walls are also embedded with the properties
    including resistant to heat and sunlight, and
    ease of cleaning which has resulted in a larger
    product demand.

5

Latest Research Report on Ceramic Tiles Market _at_
https//www.gminsights.com/industry-analysis/cer
amic-tiles-market Request for a sample of this
research report _at_ https//www.gminsights.com/requ
est-sample/detail/778
6
U.S Ceramic Tiles Market share, by application,
2013-2024 (USD Million)

7
Major Companies in Ceramic Tiles Market
  • Mohawk Industries
  • Lamosa Grupo
  • Kajaria Ceramics
  • Siam Cement Group
  • Florida Tile, Crossville
  • China Ceramics.

8
Regional Insights in Ceramic Tiles Market
  • Furthermore, rise in remodeling projects and
    robust commercial construction projects
    comprising offices and sports courts in U.S. has
    significantly propelled the ceramic tiles
    industry in the region.
  • The North America ceramic tiles market worth over
    USD 1.4 billion in 2015 is set to showcase
    remarkable growth prospects in the years ahead.

9
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