Ceramic Tiles Market By Type (Porcelain Tiles, Glazed Ceramic Tiles, and Unglazed Ceramic Tiles), By Application (Commercial Usage, and Household Usage), Region (North America, Europe, Asia-Pacific and Rest of World) and by Global Forecast to 2023
Pune, India -- (SBWIRE) -- 03/15/2018 -- Market Scenario:
Ceramic Tiles are made up of clay, sand, and other natural products for walls and floors. The tiles are then molded into various desired sizes. The ceramic and porcelain tiles are used across various residential and commercial construction application.
The market is, to an extent, dictated by the strategies of the key players within the Ceramic Tiles Market to retain and/or expand their market share. The key strategies followed by most companies within the global decorative tiles market were product development, followed by the expansion. The market of Ceramic Tiles is governed by the consumer tastes and preferences and increasing aesthetic values. Thus it requires constant product innovation and development. Furthermore the companies are investing, heavily in expanding its presence across borders. The increasing demand and private construction has led to investments by manufacturers to expand the market share and brand name.
Currently, there is a growing demand for Ceramic Tiles in the U.S. market. Import share of the ceramic tile market is expected to fall as foreign producers expand their manufacturing capacity in the U.S. in order to fulfil domestic orders more quickly and to create products specifically tailored to the tastes of U.S. consumers. The tiles market in the U.S. for various residential and non-residential applications depend heavily on the imported tiles. Thus it is expected that the local ceramic industry will grow to cater to the growing requirements of the construction industry, especially private construction.
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The Global Ceramic Tiles Market is expected to witness moderate growth over the forecast period. The growth of Ceramic Tiles Market is influenced by increased consumption in Asia, increasing FDI in construction and supportive government regulations & initiatives. Impact on the environment, fluctuation in raw material prices and unavailability of skilled labor hinder the growth of the market. With increasing construction activities in the APAC region, especially in the countries of India, China and Indonesia, there has been an increasing demand for floor, walls and roof tiles. According to Tile Edizioni, Asia also accounts for the largest share of 70% in the tile production in 2015. The governments across all regions are seen promoting and developing their construction sector. In China, the central policies on housing were relaxed, the lowest down payment ratio decreased 2016. Cheaper down payments encourage more homebuyers to borrow money from banks. This in turn has pushed the construction industry, which ultimately leads to the increased demand for ceramic tiles.
The Global Ceramic Tile Market is highly influenced by the construction sectors in both public and private domain. The construction industry especially residential and private construction has been able to push the market for tiles. The increase in disposable income boosts the demand for renovation and new construction. The renovation activities are often taken up as a result of the enhancing construction value and to increase the aesthetic value of the construction. Decorative comes handy in fulfilling such requirements.
Furthermore the Global Ceramic Tiles Market is governed by the international trades. Due to increasing infrastructure and construction activities, tiles are demanded from across the globe. This induced the market of tiles in the countries such as India, Mexico, China and others. These countries are leading the export trade of tiles in the world.
Asia-Pacific region dominates the Ceramic Tiles Market. The region is regarded as one of the prominent producers and consumers of tiles, across the globe. With rapid industrialization, urbanization, changing consumer tastes and supportive government measures, the region is expected to emerge as one of the most important regions for tiles market. China is forecast to be the largest market for ceramic tiles, owing to the change in its economic structure from production-based to consumption-based. The favourable economic climate along with supportive government initiatives, has led to the expanding manufacturing capabilities in China.
The key players of Ceramic Tiles Market are The Siam Cement Public Company Limited (SCG), Mohawk Industries Inc., Kajaria Ceramics, Roca Sanitario, S.A., RAK Ceramics, Group Lamosa, Panariagroup Industrie Ceramiche S.p.A, Guangdong Dongpeng Ceramic Co., Ltd., Gruppo Concorde, and Pamesa Ceramica.
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