The shift in consumer preference towards replacing marble floors, paints, metal slabs, and other home decor products with ceramic tiles is one of the key growth drivers. As the ceramic tiles can be customized as per consumer preferences, the demand for a variety of ceramic tiles has increased considerably. Ceramic tiles are available in various textures, designs, colors, sizes, and shapes and are now used as an alternative to hardwood and other flooring products like concrete and marbles. Due to these properties, along with their anti-skid, lightweight, and anti-bacterial properties, these tiles are commonly used in hotels, hospitals, pharmaceutical manufacturing facilities, and laboratories.
The Global Ceramic Tiles Market was valued at USD 210.1 Bn in 2020 and is expected to reach USD 295.1 Bn by 2027, with a growing CAGR of 6.8% during the forecast period.
The Demand for ceramic tiles is driven by the increasing construction sector throughout the regions. Commercial and residential construction is on an enlargement path in most countries. The residential segment, which accounted for a larger market share, is recording extra transactions with both, new domestic construction, substitute, and maintenance construction. Due to the continuing COVID-19 pandemic, the construction sector is going through numerous challenges, like the lack of investment, failure to complete the assignment on time, raw material shortage, lack of skilled labor, excessive operating costs, etc.
Get a Sample Copy of the Ceramic Tiles Market Report 2021-2027 Including TOC, Figures, and Graphs at https://www.alltheresearch.com/sample-request/736
Points Covered of this report are:
To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Ceramic Tiles Market report is:
- Siam Cement Group Public Company Limited
- Ceramica Carmelo Fior
- Grupo Fragnani
- STN Ceramica
- Iris Ceramica
- Crossville Inc
- Florida Tile
For more Customization, Connect with us at https://www.alltheresearch.com/customization/736
Ceramic Tiles Market 6By Product:
- Other Products
Ceramic Tiles Market By Application:
- Floor Tiles
- Wall Tiles
- Other Applications
Ceramic Tiles Market by Region Outlook:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Ceramic Tiles for site inspection and for speeding up construction activities on site.
Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies: https://www.alltheresearch.com/impactC19-request/736
Ceramic Tiles Market Key Findings:
- Based on the product, porcelain ceramic tiles are the most dominant category in the ceramic tiles industry and is expected to show a high growth during the forecast period.
- Based on the application, the floor application has accounted for the largest market share in the ceramic tiles market, in 2020 and will continue to hold its market position throughout the forecast period.
- Based on the end-user, the non-residential end-user segment has accounted FOR the highest growth rate in 2020 and is expected to show a similar growth trend over the forecast period.
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business-critical decisions. Given the complexities and interdependencies of market intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for more simplified and relevant research.
For all your Research needs, reach out to us at:
Contact Person: Rohan S.