Skip to main content

Ceramic Tiles Market Sustained By Robust Residential, Commercial, Industrial Frameworks, By 2024

The global ceramic tiles market is prophesied to be privileged with a heightened demand across several regions of the world on account of a noteworthy upturn in construction activities due to rising urbanization. Gulf Cooperation Council (GCC) countries and various other economies such as Brazil and Turkey are anticipated to testify an extensive propulsion in the sale of ceramic tiles. In the next few years, the demand for ceramic tiles could escalate tellingly as a result of consumers gaining more aesthetical consciousness and witnessing an upward thrust in the increase of their disposable income. 
Improving at a CAGR of 9.80% between 2016 and 2024, the market is well poised to attain a revenue valuation of US$178.1 bn by the end of 2024. In 2015, a revenue valuation of US$76.81 bn was recorded. '
Floor Tiles Make Cut with Myriad of Residential, Commercial, Industrial Applications 
According to an expert analysis of the world ceramic tiles market, vendors could cash in on the lucrative business of various products such as roofing tiles, ceiling tiles, wall tiles, and floor tiles. However, amongst these, floor tiles are predicted to receive a strong impetus in their demand throughout the forecast period. Out of the overall consumption volume of ceramic tiles in 2015, floor tiles had secured a dominating share. 
A broad range of flooring applications from residential to commercial and industrial is prognosticated to set the tone for a reliable growth in the world ceramic tiles market. Airports, railway stations, and other transport infrastructures besides educational institutes and hospitals require floor tiles at a consistent rate. As a result, the demand for floor tiles could stay higher in the foreseeable future. 
Asia Pacific Clings to Overriding Consumption Rate to Top Market 
In the present scenario, Asia Pacific is reported to secure a significant consumption rate for ceramic tiles. In 2015, the region had accounted for a colossal share of 65.6% in the overall ceramic tiles market. Bankable markets such as India, China, and South Korea are expected to draw an enormous demand for ceramic tiles owing to a rapid rise in urbanization leading to increased construction activities. Furthermore, this trend could continue until the next few years. 
The construction sector in Asia Pacific could paint a lucrative outlook for the regional ceramic tiles market. A host of market opportunities are projected to take shape in the region as the demand continues to see a rise. Industry players operating in Asia Pacific could leverage the boost in consumption because of the shift in preference from metal slabs, marble floors, and other decorative offerings to ceramic tiles.
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1688
Apart from Asia Pacific, the international ceramic tiles market is forecasted to find North America, Europe, Latin America, and the Middle East and Africa as key geographies to count on. In 2015, Europe had followed Asia Pacific in terms of consumption around the globe. The region is envisaged to benefit from a sudden increase in residential replacement activities. The demand for ceramic tiles in the region could be augmented further as the trend continues to prevail over the course of the forecast period. 
The worldwide ceramic tiles market is envisioned to demonstrate a highly fragmented nature in the near future. In 2015, five leading companies, i.e. Lamosa Grupo, Siam Cement Group, Ras Al Khaimah Ceramics, Mohawk Industries Inc., and Kajaria Ceramics, had raised a paltry share of 7.7% in the overall market. Some of the other top manufacturers operating in the market are Saloni Ceramics, China Ceramics Co. Ltd., Ceramiche Atlas Concorde S.P.A, Florida Tile, Inc., and Crossville Inc.
Labels:

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more