- Opportunity and Forecast, 2016 - 2025
Due to significant growth in construction sector, ceramic tiles have witnessed a rise in demand. This is attributed their low maintenance, cost effectiveness, durability, better moisture resistance, versatility in use, and good aesthetics. Design flexibility along with increase in potential resale value are factors responsible for acceptability among players in the construction industry.
Growth in investments in construction activities and steady growth of flooring market are responsible for driving the market growth. However, fluctuation in raw material prices and increase in CO2 emissions from ceramic tiles could limit the market growth.
The global ceramic tiles market is segmented on the basis of product type, application, and geography. Based on product types, the market is classified into floor tiles, wall tiles, and others. On the basis of applications, the market is further segmented into commercial, residential replacement, new residential, and others. By geography, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa.
Key manufacturers operating in the industry are Mohawk Industries, Ras Al Khaimah Ceramics, Siam Cement Group, Lamosa Grupo, Crossville, Florida Tile, China Ceramics Co., Ltd., and Kajaria Ceramics. These key manufacturers have adopted collaboration, merger & acquisition, new product launch, partnership, joint venture, expansion, and other strategies to gain stronger position in the global industry.
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