Ceramic Tiles Market in Asia Pacific to grow at 10% CAGR during forecast period

1
Global Ceramic Tiles Industry Analysis,
Statistics, Strategy, Research Report, 2024
Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Ceramic Tiles Market

• Rising expenditure on construction activities
  worldwide is anticipated to favorably influence
  ceramic tiles market over the coming years.
  Government initiatives to propel infrastructure
  growth, rising per capita income, foreign
  investment, and increasing population are few of
  the factors predicted to benefit construction
  industry, consequently stimulating ceramic tiles
  market size. Strong growth in flooring industry,
  which holds a significant importance in
  commercial and residential infrastructure such as
  hospitals, airports, and railway stations, is
  predicted to catalyze the market share over the
  coming eight years. According to Global Market
  Insights, Inc., Ceramic Tiles Market share worth
  USD 77 billion in 2015, is expected to reach USD
  178 billion by 2024, growing at a rate of 9.8
  over 2016-2024.
• Ceramic tiles find significant applications in
  residential and commercial sectors. Emerging
  residential projects will further bring a wide
  set of opportunities for the ceramic tiles market
  players. Ceramic tiles application in residential
  replacement sector worth USD 36 billion in 2015,
  is predicted to witness a substantial growth over
  2016-2024.

3
Continued

• Increasing spending on renovation activities to
  improve appearance of walls and floors is
  predicted to fuel the demand for ceramic tiles
  applications in residential replacement sector.
  Its application in commercial sector is
  anticipated to grow at a rate of 9.8 over
  2016-2024 due to growing demand for ceramic tiles
  to provide aesthetic look to commercial
  structures like workplaces, shopping malls, and
  airports.
• Ceramic tiles products such as wall tiles and
  floor tiles are witnessing heavy demand across
  various industries. Ceramic wall tiles market is
  forecast to grow at a rate of 9.5 over 2016-2024
  as they are sunlight resistant which helps them
  to retain color for longer period and makes them
  widely preferred in walls. Furthermore, these
  tiles are extensively used in kitchens owing to
  their ease of cleaning and aesthetic appeal.
  Floor ceramic tiles market share produced a
  revenue of over USD 39 billion in 2015 and is
  expected to witness a substantial growth over the
  coming eight years owing to its high durability
  as well as shock thermal resistance properties.
  In addition to this, ease of replacing and
  installing these tiles is predicted to increase
  its popularity in near future.

4
U.S Ceramic Tiles Market share, by application,
2013-2024 (USD Million)

5

Browse Full Market Research Report Ceramic Tiles
Market Market _at_ https//tinyurl.com/zlzu7dc R
equest for a Sample of this Research report _at_
https//www.fractovia.org/request-sample/231
6
Continued

• Asia Pacific ceramic tiles market is expected to
  record a CAGR of 10 over 2016-2024 due to rise
  in expenditure in construction industry.
  Furthermore, rising preference for marble floors
  along with replacement of metal slabs, paints,
  and home decorative items with ceramic tiles are
  expected to boost the regional growth over the
  coming years. South Korea, Japan, and India are
  predicted to be the key revenue pockets of the
  region over the coming eight years.
• North America market worth USD 1 billion in 2015,
  is anticipated to witness a significant surge
  over forecast timeframe due to growing remodeling
  practice coupled with forthcoming construction
  projects comprising commercial as well as
  residential constructions. U.S. ceramic tiles
  market is expected to make a substantial
  contribution towards the overall revenue of the
  region.
• Key industry players include Siam Cement Company,
  Lamosa Grupo, Mohawk Industries, Kajaria Ceramics
  Limited, Ras Ceramics, China Ceramics Company
  Limited, Ceramiche Atlas Concorde S.P.A, and
  Saloni Ceramica. Regional expansion and product
  innovation will be the key growth strategies
  witnessed by the industry over the coming years.

7
Stay In Touch Website https//www.fractovia.org
Social Media