Ceramic Tiles Market
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<strong>Ceramic</strong> <strong>Tiles</strong><br />
<strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2014-2022
Introduction<br />
• The ceramic tiles market is projected to reach $145,949 million by 2022,<br />
growing at a CAGR of 8.1% from 2016 to 2022.<br />
• <strong>Ceramic</strong> tile is one of the most prevalent flooring choices used in building &<br />
construction industry globally.<br />
• Introduction of new environment-friendly production processes is expected<br />
in the near future, owing to presence of stringent regulations in the<br />
developed regions.<br />
• Owing to the high growth rate and the significant revenue generated by the<br />
building & construction industries, the segment is anticipated to provide high<br />
stability along with significant return on investment for the stakeholders.<br />
• Asia-Pacific held nearly one-third share of the global market in 2015.
Key Factors of the <strong>Market</strong><br />
• The global ceramic tiles market is driven by the growth in the construction industry,<br />
owing to rapid expansion of the housing sector and increase in construction<br />
spending globally.<br />
• Urbanization and increase in population are expected to fuel the market growth.<br />
• <strong>Ceramic</strong> tiles provide an aesthetic look, sustainability, and better reliability, leading<br />
to increased demand in construction of large number of buildings.<br />
• In addition, increase in use of ceramic tiles as a substitute to other products in<br />
residential applications, such as marble, paints, and glass, is expected to fuel the<br />
demand for ceramic tiles in the near future.<br />
• Introduction of environment-friendly production processes is expected to offer<br />
lucrative opportunities for market players.
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Key Benefits of the <strong>Market</strong><br />
• In terms of value, vitrified tile segment is expected to grow at a CAGR of<br />
7.6% during the forecast period.<br />
• Asia-Pacific is projected to maintain its lead position throughout 2022,<br />
growing at a CAGR of 9.0%, in terms of value.<br />
• Residential replacement approximately occupied more than one-third of<br />
the global market in 2015.<br />
• China occupied more than one-fourth of the Asia-Pacific ceramic tiles<br />
market in 2015, and is expected to grow at the highest CAGR of 11.0%, in<br />
terms of value.
<strong>Market</strong> Segmentation
Key Players of the <strong>Market</strong><br />
• RAK <strong>Ceramic</strong>s<br />
• Mohawk Industries<br />
• <strong>Ceramic</strong>a Saloni<br />
• China <strong>Ceramic</strong>s<br />
• Kajaria <strong>Ceramic</strong>s<br />
• Porcelanosa Grupo<br />
• Siam Cement Group<br />
• Lamosa Grupo<br />
• Ras Al Khaimah <strong>Ceramic</strong>s and<br />
• Crossville Inc.<br />
Other market players (not profiled in report) in the value chain include Gruppo<br />
<strong>Ceramic</strong>he Ricchetti S.p.A, <strong>Ceramic</strong>he Atlas Concorde S.P.A, Florida Tile Inc., Daltile, Al<br />
Anwar <strong>Ceramic</strong> <strong>Tiles</strong> Company SAOG, Marazzi, and Roca Tile USA.<br />
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