Ceramic Tile Market Trends, Demand And Forecast Analysis 2027 – Indian Defense News

The ceramic tile market will show promising growth due to the high demand from the construction sector

Ceramic tiles are one of the most common types of tiles, and they are used in building and construction projects all over the world. Ceramic tiles are elegant, long-lasting and versatile. They are gaining popularity for the aesthetics of home decor. The attractive appearance of ceramic tile is a crucial component in increasing the demand for it in the construction industry and driving the ceramic tile market. Ceramic tiles are multifunctional objects that have found use in a variety of topographical and end-use industries. There are some factors driving the growth of ceramic tile market across the globe. Perhaps the most prominent of these activities is the large construction activities which are being driven by the increasing demand for housing. Moreover, rapid urbanization and increasing disposable income contribute significantly to market dynamics in developing countries, such as those in the Middle East and Asia Pacific.

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Increasing availability of various types of ceramic tiles to drive the ceramic tile market forward

The rapidly expanding global retail business is seeing a huge number of retail locations, which include supermarkets, hypermarkets and powerhouses. Due to stressful lifestyles and busy schedules, clients increasingly value accommodations and comfort; As a result, large retail companies are focusing on stocking different types of ceramic tiles under one roof to provide buyers with more choices. Ceramic tiles are also available in retail outlets dedicated to interior design items. Curated retailers offering branded ceramic and other home furnishing products have grown in importance along with the growing brand awareness among customers.

The coordinated framework between suppliers and retailers allows customers to collect data on several brands and check price, quality and key things before making a purchase decision. As a result, the growth of the retail segment is expected to have a significant impact on the global ceramic tile market in the coming years.

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Floor tiles to remain the dominant product type

The ceramic tile market has been segmented into three categories based on the product: floor tiles, wall tiles, and others. Floor tiles are most often used, followed by wall tiles. Floor tiles accounted for nearly half of total product sales in 2018 and are expected to be a major product category in the ceramic tile market during 2019-2027 (the forecast period). Since the floor takes up more space during construction activities, it requires a large number of tiles. Ceramic floor tiles are also often used in shower and toilet floors due to their ability to withstand stains, odors, allergens, and bacteria. Between 2019 and 2027, ceramic floor tiles are expected to increase by more than 9.0% compound annual growth rate.

Asia Pacific leads the ceramic tile market due to explosive growth in construction activities

In 2018, the Asia Pacific region captured a market share of over 60%. It is expected to be the leading region in the global ceramic tiles market from 2019 to 2027 (forecast period). In terms of revenue and volume, the Asia Pacific region accounts for a significant market share in the global ceramic tile market. Increasing disposable income and growing construction projects in Asia Pacific are fueling the regional ceramic tile market. With a strong construction industry in the region, China maintained a large share of the regional ceramic tile market in 2018. China, India, Vietnam and Indonesia are notable markets

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The main players to maintain a solid position in the respective regions

The global ceramic tile market has a large number of players. The majority of players occupy strong positions in their respective regions. The major players active in the global ceramic tile market are Mohawk Industries, Inc. Mohawk Industries, Inc. and Ras Al Khaimah (RAK) Ceramics, Siam Cement Group, Grupo Lamosa, Kajaria Ceramics, Johnson Tiles, China Ceramics Co. Industrie Ceramiche SpA, Gruppo Concorde SpA, LASSELSBERGER GmbH and Kale Group.

The global ceramic tile market is segmented as follows:

Global ceramic tile market, by product type

  • Floor tiles
  • wall tiles
  • Aharon

Global Ceramic Tile Market by Application

  • Residential replacement
  • commercial
  • new residential
  • Industrial

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