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Ceramic Tiles Market by Application, Construction Type, End-use Sector And Region - Global Forecast to 2023

Ceramic Tiles Market: Global Forecast until 2023

  • June 2018
  • 121 pages
  • ID: 5436765
In this report:
Asia witnessed a growth of ##.##% in terms of production and reached ##.## billion square meters backed by the growth in China, India, Iran, and Vietnam.
The year 2016 witnessed a recovery in global consumption and production of ceramic tiles with a growth of ##% and ##.##%, respectively, as compared to 2015.

Summary

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The ceramic tiles market is estimated to rise at a compound annual growth rate of ~7.0 percent from 2018 to 2023.

The ceramic tiles market is projected at ~$227.9B in 2018 and is projected to extend ~$320.1B by 2023, at a compound annual growth rate (CAGR) of ~7.0 percent. The growth in the number of new constructions, along the increase in population & quick urbanization drives the market demand for ceramic tiles. The cost-effectiveness, resistance to stains and water, and environment-friendly properties of ceramic tiles contribute toward the increase of the market. Additionally, the integration of new technologies in ceramic tiles including digital printing has boosted their popularity in the construction industry. Nevertheless, volatility in the prices of the raw materials may restrain the increase of the ceramic tiles market.

The new construction segment, by construction type, recorded for the biggest share of the ceramic tiles market in 2017.

New construction led the ceramic tiles market in 2017 in terms of both value and quantity, and this forecast is expected to continue through 2023.The factors providing to the rise of ceramic tiles in new constructions contain the cost-effectiveness and the aesthetic appeal of these tiles and increasing trend toward interior decoration.

Moreover, installation of ceramic tiles in new constructions not only guarantee lesser energy consumption but also eliminate the need for frequent tile replacement.

Established on the end-use industry, the residential segment recorded for a larger share of the ceramic tiles market in 2017.

Established on the end-use market, the ceramic tiles market has been broken down into residential and non-residential.The residential segment controled the ceramic tiles market in 2017.

The use of diversified ceramic tiles in residential buildings enhances aesthetic appeal and offers comfort. Housing renovation and maintenance activities have increased steadily in the recent past and are anticipated to further growth in the next years due to the growing disposable income of the population, which subsequently drives the industry demand for ceramic tiles in the residential industry.

The Asia Pacific ceramic tiles market is forecasted to witness the more significant increase rate during the outlook period.

The Asia Pacific ceramic tiles market is expected to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023.Elements such as the rising number of new housing units, huge investments in the infrastructural market, and fast industrialization drive the ceramic tiles market in the territory.

The industries in China (CN) and India (IN) are expected to be lucrative due to the increase of the construction industry in these countries.

Breakdown of Primaries

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 35.0 percent, D-level - 30.0 percent, and Others - 35.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 45.0 percent, RoW - 10.0 percent

Note: RoW includes the Middle East (ME) & African continent and South America region.

Research Objectives:

The primary objective of this study is to define, estimate, and segment the ceramic tiles market based on application about the top market dynamics which include drivers, industry restraints, possibilities, and market-specific challenges. Additionally, the market research examines competitive developments including new product launches, mergers & acquisitions, business developments, and alliances in the ceramic tiles market.

Why acquiring this study can help you:

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the ceramic tiles market and offers the closest approximations of revenue numbers for the global market and its sub-segments across different areas.

2. The market research benefits partners comprehend the industry and offers them with info about the main market drivers, market restraints, alternatives, and opportunities.

3. This industry report will facilitate partners better comprehend their players and obtain business insights to enhance their rank in the sector. The competitive outlook section includes the ranking of the top five actors in ceramic tiles market.

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