Global Ceramic Tiles Market: Trends, Outlook and Future Opportunities

The global ceramic tiles market is expected to cross US$ 112,323 Mn by 2019 in terms of value. Growing usage of ceramic tiles in the construction industry has given a boost to the global ceramic tiles market. The market has been witnessing a sustainable growth environment owing to an increased demand for the product in Aisa Pacific and Europe.

Along with properties such as durability and structural reliability, ceramic tiles also assists the aesthetic appeals of the interiors coupled with its cost effective nature. This has resulted in the higher adoption of ceramic tiles during construction of walls and floorings.

According to FMI’s research, the global ceramic tiles market is projected to expand at a CAGR of 9.3% during the forecast period 2015-2019.

Global Ceramic Tiles Market Driver

Key factors expected to drive the global market include rapid urbanisation, increasing construction activities and encouraging economic reforms in emerging countries. Moreover, higher disposable income, inflating population and growing per capita income especially in countries such as China, India and Brazil are expected to sustain the demand for ceramic tiles in the coming years.

Market Trends

In recent years, major participants in the market have been emphasising on capacity expansions to gain higher consumer penetration and tap narrower channels of the market.

Impediments of the Global Anti-Aging Market

Stringent regulatory laws pertaining to environmental degradation from excessive Co2 emission during ceramic tile production are considered as major hindrance of the market.

Segmentation of the Global Anti-Aging Market

On the basis of application, residential replacement dominates the global market due to its myriad applicability. The Residential replacement segment serves as a perfect substitute for marble and paint works. FMI forecast that the residential replacement segment will exhibit a healthy growth rate during the forecast period.

By type, the ceramic floor tiles segment dominates the market in terms of revenue and was worth US$ 33.4 Bn in 2015. The ceramic floor tiles segment is expected to cross US$ 36 Bn in revenues by 2016 year end.

A no-obligation executive summary of the research report on Global Cermaic Tiles market is available upon request at http://www.futuremarketinsights.com/reports/sample/rep-gb-1669

Global Ceramic Tiles Market: Regional Outlook

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Europe, Latin America and rest of world (ROW). Europe and Asia Pacific dominates the market and is expected to present wider business opportunities for the key players operating in the regions. The two regions collective accounted for more than 80% share of the global market in 2015. Furthermore, attributing the outburst of the constructing industry in Asia Pacific the region is anticipated to exhibit impressive growth in the next four years.

Key Participants

Some of the key player identified in the global ceramic tiles market include Saloni Ceramica, China Ceramics co. Ltd, Porcelanosa Group, Kajaria Ceramics Ltd and Mohawk Industries. To maintain the competitive edge and outpace competitors most companies are focusing on capacity expansion and increased product offerings. Moreover, robust demand for ceramic tiles from the housing sector is leading to a significant expansion of the market.

Looking for information on ceramic tiles not covered in the report? Speak to the authors of FMI’s ceramic tiles report at http://www.futuremarketinsights.com/askus/rep-gb-1669

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