Ceramic tiles market Business Overview, Product Type, Regional Outlook and Forecast Period 2019-2027
The global ceramic
tiles market accounted for US$ 81.01 Bn in 2017 and is expected to grow
at a CAGR of 5.5% over the forecast period 2018–2025, to account for US$ 122.59
Bn in 2025.
The uprising trend of adoption of ceramic tiles for new
construction in the developed and developing regions of Asia Pacific and
Europe, coupled with rapidly increasing commercial and residential
infrastructures in the regions are proving to be key influential factors for
the growth of ceramic tiles market. Similar trend is anticipated to catalyze
the demand for ceramic tiles in the forthcoming years.
Additionally, the global construction industry is also
witnessing an upward trend in the renovation and reconstruction activities,
which is leading the builders and constructors as well as house owners to opt
for ceramic tiles. This factor is also helping the ceramic tiles market to propel
over the years. Furthermore, different emerging economies are attracting
foreign direct investments (FDI) for enhancing their construction industry,
which is propelling the demand for ceramic tiles.
Top Companies
Mentioned: Mohawk Industries, China Ceramics Co., Ltd., Florida Tile, Inc.,
GRUPO LAMOSA, S.A.B. DE C.V., Kajaria Ceramics Limited, Porcelanosa Grupo AIE,
PT. Muliakeramik Indahraya, RAK Ceramics, The Siam Cement Public Co. Ltd.,
Gruppo Ceramiche Ricchetti SPA
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