[119 Pages Report] Ceramic Tiles Market research report categorizes the global market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC)
According to the new market research report "Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) - Global Forecast to 2023", published by MarketsandMarkets™, the ceramic tiles market size is estimated to grow from USD 227.9 billion in 2018 to USD 320.1 billion by 2023, at a CAGR of 7.03%.
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The market is projected to witness steady growth in the next few years, due to the rise in new construction activities resulting from rapid industrialization and urbanization. Increase in investments in the construction industry, the rise in population, and growing focus toward interior decoration.
The wall segment is projected to dominate the global ceramic tiles market during the forecast period.
The wall segment is projected to lead the global ceramic tiles market during the forecast period. Ceramic wall tiles are predominantly used in kitchens and bathrooms; they have been gaining popularity due to their characteristics such as, resistance to water, fire, and moisture, cost-effectiveness, and high durability.
The floor segment is expected to be the second-largest market during the forecast period.
The residential segment is expected to grow at a higher CAGR in the global ceramic tiles market during the forecast period.
The residential segment is projected to be the faster growing segment during the forecast period owing to the growing demand for aesthetic ceramic tiles and growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of the population.
All these factors are expected to fuel the demand for ceramic tiles in the residential sector.
Browse and in-depth TOC on "Ceramic Tiles Market"
108 - Tables
30 - Figures
119 - Pages
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Asia Pacific is expected to hold the largest market size in the ceramic tiles market during the forecast period.
Asia Pacific is estimated to account for the largest share of the market in 2017. The large share of this region can be attributed to the growing construction industry, supportive government policies & plans, and rapid urbanization.
Among all countries in the Asia Pacific region, the ceramic tiles market in India is projected to grow at the highest CAGR during the forecast period. The Middle Eastern & African market is projected to be the second-largest market during the forecast period.
Key players operating in the ceramic tiles market include Mohawk Industries (US), Siam Cement (Thailand), Kajaria Ceramics (India), Nitco Tiles (India), Grupo Lamosa,(Mexico), China Ceramics (China), Johnson Tiles (UK), Ceramica Saloni, (Spain), Florida Tiles (US), and Ceramiche Atlas Concorde (Italy).
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