According to a new market report published by Lucintel, the future of the global ceramic tile market looks good with opportunities in the residential and commercial construction markets. The global ceramic tile market is forecast to grow at a CAGR of 6.7% by value from 2016 to 2021. The major growth driver for this market is the growth in new construction and renovation activities. Growing demand for easy to maintain; better aesthetics; durable; and moisture-, fire-, and scratch-resistant tiles are also some other growth drivers of the ceramic tile market.
Browse 85 market data tables and 189 figures spread through 249 pages and in-depth TOC on “Global Global Ceramic Tile Market" http://www.lucintel.com/ceramic_tile_market_2016-2021.aspx
In this market, floor and wall tiles are the major product forms used for residential and commercial construction applications. Floor tile is the largest segment by product forms and is expected to remain the same during the forecast period. Lucintel predicts that the demand for wall tiles is likely to experience the highest growth during the forecast period, supported by their better aesthetic feature, durability, minimal maintenance requirements, and availability in a variety of colors and designs. On the basis of comprehensive research, Lucintel forecasts that the residential segment is expected to show above average growth during the forecast period.
Within the ceramic tile market, the residential segment is expected to remain the largest market. People opt for ceramic tiles, as it fulfills all desired requirements, and choose this product mainly because it requires low maintenance and provide an aesthetic appeal to the building.
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APAC is expected to remain the largest and the highest growing region during the forecast period due to a comparatively large construction industry in this region, along with changing lifestyle and growing end-use industries, especially in China and India, and increasing urbanization in this region.
For market expansion, the report suggests innovation and new product development where the unique characteristics of ceramic tiles can be capitalized. Some of the innovation areas in ceramic tiles could be in achieving comparatively high durability and good aesthetics.
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Emerging trends in the global ceramic tile market, which have a direct impact on the dynamics of the industry, include increasing demand for vitrified tiles, 3D tiles,designer tiles, acceptance of eco-friendly tiles, and introduction of nano-technology. Mohawk Industries, Inc., Atlas Concorde, Ras Al Khaimah Ceramics PSC, Grupo Lamosa, and Interceramic are among the major suppliers of ceramic tiles. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ceramic tile market by application type, product type, and region and has come up with a comprehensive research report, “Opportunities in the Global Ceramic Tile Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the growth opportunities in the global ceramic tile market through 2021 segmented by application type, product type, and region as follows:
Ceramic tile market by application type (Value $ Million and Volume Million sqm from 2010 to 2021)
Ceramic tile market by product type (Value $ Million and Volume Million sqm to from 2010 2021)
Floor Tile
Wall Tile
Other Tile
Ceramic tile market by region (Value $ Million and Volume Million sqm to from 2010 2021)
North America
Europe
Asia Pacific
Rest of the World
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This 249-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/ceramic_tile_market_2016-2021.aspx or helpdesk@lucintel.com.
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