© 2017 Global Market Insights, Inc. USA. All Rights Reserved Ceramic Tiles Market Growth, Application Analysis from 2017 to 2024
Global Market Scenario of Ceramic Tiles Market The tremendous increase in the construction activities across the globe is the prime factor fueling the growth of ceramic tiles market.ceramic tiles market Owing to the rapid urbanization, the demand and sales of the ceramic tiles is increasing significantly around the world. The global market for ceramic tiles was valued over USD billion in 2015 and is poised to reach USD billion by 2024, according to a report by Global Market Insights, Inc. As per statistics, China’s construction industry was the largest in the world, with construction expenditure recorded over USD 1.7 trillion. © 2017 Global Market Insights, Inc. USA. All Rights Reserved
As the construction sector is witnessing a major upswing in Asia Pacific region, the regional ceramic tiles market is likely to grab some colossal takes over the years. Estimates suggest that Ceramic Tiles market will record an annual growth rate of 9.8% over the period of Asia Pacific ceramic tiles industry is anticipated to witness highest gains of over 10% CAGR from Continue:- © 2017 Global Market Insights, Inc. USA. All Rights Reserved
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The factors like ease of maintenance, good thermal & shock resistance, and durability of ceramic titles is expected to provide a substantial push to this industry. The deployment of ceramics tiles is expected to increase in residential buildings, laboratories, hospitals, and commercial buildings. The residential ceramic tiles industry share was worth USD 36 billion in 2015, owing to the rising renovation and rebuilding projects for enhanced flooring and wall appearance. 360° Industry Analysis © 2017 Global Market Insights, Inc. USA. All Rights Reserved Request for customization:
Regional Analysis: Asia Pacific ceramic tiles industry is anticipated to witness highest gains of over 10% CAGR from Rise in infrastructural spending in the emerging economies including India, South Korea, and Japan will primarily drive ceramic tiles market in the region. Additionally, the growing trends of metal slabs, marble floors, and replacing paints and home decorative products will further propel the product demand in the region. Competitive Analysis: Some of the renowned players accumulating a major market chunk of the overall market include Mohawk Industries, Lamosa Grupo, Kajaria Ceramics, Siam Cement Group, Florida Tile, Crossville, and China Ceramics. © 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This
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