Ceramic Tiles Market Is Predicted To Reach $125.32 Billion By 2020: Grand View Research, Inc.
Global Ceramic Tiles Market is expected to reach USD
125.32 billion by 2020, according to a new study by Grand View Research, Inc.
Construction industry growth in BRICS coupled with rising demand for new
residential structures in emerging markets of China and India due to
urbanization is expected to drive market demand for ceramic tiles over the
forecast period. Stringent environment regulations pertaining to carbon
emissions caused during the production of ceramic tiles has forced market
players to increase their R&D expenditure on eco-friendly products, which
is likely to open new market avenues in the near future.
Residential replacement was the largest application,
accounting for more than 50% of market volume in 2013. Growing demand for
durable material coupled with rising awareness towards personal hygiene is
expected to augment ceramic tiles demand in residential replacement over the
forecast period.
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Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/ceramic-tiles-market
Further
key findings from the study suggest:
- Global ceramic tiles market demand was 12,328.3
million square meters in 2013 and is expected to reach 21,822.7 million
square meters by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
- Floor tiles were the largest product segment for
ceramic tiles market, accounting for over 50% of market volume in 2013.
Emergence of floor tiles as a replacement for hardwood and other flooring
options on account of superior properties such as high durability, frost
& thermal shock resistance is expected to have a positive impact on
ceramic tiles market in the near future.
- Asia Pacific was the largest ceramic tiles
market, exceeding 60% of global volume in 2013. Government of India and
China have increased spending on infrastructure improvement, which is
expected to promote the demand for residential and commercial structures
and boost ceramic tiles market over the forecast period.
- Emergence of West Africa as a manufacturing hub
for ceramic industry on account of growing domestic demand for ceramics in
household and building applications in countries such as Nigeria is
expected to have a positive impact on market. Low manufacturing cost as
compared to countries of North America and Europe has forced numerous
ceramic manufacturers to commence production in West Africa. In December
2013, West African Ceramics Ltd. (WACL) announced an investment of over
USD 50 million to commence production of ceramic tiles in Nigeria.
- Global ceramic tiles market is fragmented in
nature due to presence of numerous companies operating across the world.
Key market participants include Crossville Inc., Saloni Ceramica, and
China Ceramics.
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by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the
global ceramic tiles market on the basis of product, application and region:
Global
Ceramic Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2020)
• Wall Tiles
• Floor Tiles
• Others
Global Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• Residential Replacement
• New Residential
• Commercial
• Others
Global Ceramic Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• North America
• US
• Europe
• France
• Italy
• Latin America
• Brazil
• Asia Pacific
• China
• India
• RoW
• Iran
• Wall Tiles
• Floor Tiles
• Others
Global Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• Residential Replacement
• New Residential
• Commercial
• Others
Global Ceramic Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2020)
• North America
• US
• Europe
• France
• Italy
• Latin America
• Brazil
• Asia Pacific
• China
• India
• RoW
• Iran
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-ceramic-tiles-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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