The ceramic tiles market is expected to grow with a CAGR of 7% 2018-2024.
Scope of the Report
A complete background analysis of the market studied, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
Key Market Trends
Global Consumption of Ceramic Tiles
Asia-Pacific Region is Anticipated to Grow at Highest Rate
Asia-Pacific accounts for the largest market share and is expected to dominate the global ceramic tiles market throughout the forecast period. As stated, rapid industrialization and urbanization along with cost benefits are the prime reasons for the growth of ceramic tiles market in Asia-Pacific region. In terms of volume, China and India dominate the global ceramic tiles market. Also, the fact that encouraging government regulations and frameworks such as tax benefits and incentives have attracted many vital players to increase operation in Asia- Pacific. China and India as the most populated countries have given rise to more building and construction industry. This provides an impetus to the market for ceramic tiles in the region. Fast developing countries such as India, China, Japan, Indonesia, and Vietnam play a vital role in the ceramic tiles market in the Asia Pacific region.
The report covers major international players operating in the market studied. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.