Commercial application in Ceramic Tiles Market to grow at 9.8% CAGR over 2017-2024

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Ceramic Tiles Market to grow at 9.8 CAGR over
2017-2024
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Key Insights from Ceramic Tiles Market

• Ceramic Tiles Market to be valued USD 178.16
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• The tremendous increase in the construction
  activities across the globe is the prime factor
  fueling the growth of Ceramic Tiles Market. Owing
  to the rapid urbanization, the demand and sales
  of the ceramic tiles is increasing significantly
  around the world. The global market for ceramic
  tiles was valued over USD 76.80 billion in 2015
  and is poised to reach USD 178.16 billion by
  2024, according to a report by Global Market
  Insights, Inc. As per statistics, Chinas
  construction industry was the largest in the
  world, with construction expenditure recorded
  over USD 1.7 trillion. As the construction sector
  is witnessing a major upswing in Asia Pacific
  region, the regional ceramic tiles market is
  likely to grab some colossal takes over the
  years. Estimates suggest that Ceramic Tiles
  market will record an annual growth rate of 9.8
  over the period of 2016-2024.

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Continued...

• Asia Pacific ceramic tiles industry is
  anticipated to witness highest gains of over 10
  CAGR from 2016-2024. Rise in infrastructural
  spending in the emerging economies including
  India, South Korea, and Japan will primarily
  drive ceramic tiles market in the region.
  Additionally, the growing trends of metal slabs,
  marble floors, and replacing paints and home
  decorative products will further propel the
  product demand in the region.
• The factors like ease of maintenance, good
  thermal shock resistance, and durability of
  ceramic titles is expected to provide a
  substantial push to this industry. The deployment
  of ceramics tiles is expected to increase in
  residential buildings, laboratories, hospitals,
  and commercial buildings. The residential ceramic
  tiles industry share was worth USD 36 billion in
  2015, owing to the rising renovation and
  rebuilding projects for enhanced flooring and
  wall appearance. Moreover, the mounting trend of
  providing beautiful and eye-catching aesthetic
  look in shopping malls, airports, offices, etc.
  has stimulated the commercial applications of
  ceramic tiles market.

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Continued...

• The recent advent of ceramic tiles with stain and
  germ resistant features is also likely to enhance
  the market demand of the product. Moreover, the
  expanding flooring market is poised to provide a
  notable impetus to the ceramic tiles industry
  over the coming seven years. As ceramic tiles are
  one of the most widely used products in flooring
  application of residential commercial
  buildings, the market is ought to exhibit
  commendable gains in the coming years. The floor
  ceramic tile market share is anticipated to go up
  at the fastest rate by 2024, as these can be used
  as substitutes for marble, paints, and other
  similar products.
• Ceramic wall tiles, being another pivotal product
  segment, is expected to seize major ceramic tiles
  industry share. The market is likely to observe
  gains at over 9.5 CAGR over the period of
  2016-2024, owing to its wide preference in
  kitchen walls. These ceramic walls are available
  in wide range of colors, designs, and patterns.
  These walls are also embedded with the properties
  including resistant to heat and sunlight, and
  ease of cleaning which has resulted in a larger
  product demand.

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Latest Research Report on Ceramic Tiles Market _at_
https//www.gminsights.com/industry-analysis/cer
amic-tiles-market Request for a sample of this
research report _at_ https//www.gminsights.com/requ
est-sample/detail/778
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U.S Ceramic Tiles Market share, by application,
2013-2024 (USD Million)

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Major Companies in Ceramic Tiles Market

• Mohawk Industries
• Lamosa Grupo
• Kajaria Ceramics
• Siam Cement Group
• Florida Tile, Crossville
• China Ceramics.

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Regional Insights in Ceramic Tiles Market

• Furthermore, rise in remodeling projects and
  robust commercial construction projects
  comprising offices and sports courts in U.S. has
  significantly propelled the ceramic tiles
  industry in the region.
• The North America ceramic tiles market worth over
  USD 1.4 billion in 2015 is set to showcase
  remarkable growth prospects in the years ahead.

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