Canada Ceramic Tiles Market Steadily Profitable Until 2022

Ceramic is non-metallic, inorganic, and typically crystalline in nature. It is chemically composed of nitride or oxide or carbide materials. Sometimes, partially crystalline elements such as silicon, glass, and carbon are also considered as ceramics. Different ceramics are manufactured through specific processes, of which the common process is to heat and subsequently cool the material to a certain temperature.

 

Rockville, WA -- (SBWIRE) -- 07/25/2018 -- Disposable income has substantially incremented among urban populations in the recent past and now, they are opting for items of convenience and appearance, if not luxury too. Metropolitan area is expanding to accommodate people migrating from rural areas to cities, both in developed and emerging economies, and this has provided a strong traction to the building and construction sector.

Both these factors of appearance and requirement put together, the demand for ceramic tiles is on the rise. These tiles have a wide range of applications from covering floors to roofs, walls, and table tops. Basic benefit achieved by fitting ceramic tiles into new and old constructions are durability, protection, and aesthetic appeal.

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Canada Ceramic Tiles Market to be worth US$1.8 billion by 2022

As per the evaluations of a fresh business intelligence study from Fact.MR, the opportunities in the Canada ceramic tiles will increment at a notable CAGR during the forecast period of 2017 to 2022, by the end of which there will be a revenue of US$1.8 billion to make profits from. The building and construction industry utilizes ceramic tiles for a number of purposes including roofing and flooring, wall tiles, cookware, sanitary ware, tableware, gas and fire radiant, and glass and steel crucibles.

Canada, a country that is second in terms of landmass, has had a sluggish rate of population expansion for a number of decades but being a developed country as well as a peaceful one, a vast majority of professionals from other parts of the world are making it their home. Government's lenient policies to encourage new talent to come and contribute to Canada's progress has substantially incremented population base of the country and hence, the building and construction industry is steadily flourishing.

Abiding to Strict Environmental Regulations a Concern for Major Players

The analyst of the Fact.MR report has detected an intensely competitive vendor landscape in the Canada ceramic tiles market, and profits are reducing on the back of stringent government regulations against greenhouse gas emission. The ecofriendly trend is engulfing a number of industries and ceramic tiles manufacturers are forced to curtail the amount of carbon dioxide generated during production. Some of the notable players profiled in the report are Granitifiandre SpA, Olympia Tile International Inc., Mohawk Industries, Inc., Custom Building Products, Inc., ARDEX GmbH, R.A.K Ceramics PJSC, Florida Tile, Inc., Interceramic Inc., Crossville Inc., and Ceramiche Atlas Concorde S.p.A.

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The threat of local vendors eating into the country-wide shares of this market are moderate, as production of ceramic tiles within permitted limits of environmental regulations is a challenging task. A number of players from the U.S. are throwing their hat into the opportunities and expected to make a mark, particularly by resorting to aggressive marketing strategies such as television commercials, social media campaigns, and print advertising.

Porcelain Ceramic Tiles Market's Key Product Segment
Based on product type, the market for ceramic tiles has been segmented into porcelain tiles, unglazed ceramic tiles, and glazed ceramic tiles. Among these, the former is currently dominating the demand and promising to generate 47.7% of the total demand in the Canada ceramic tiles market. Porcelain tiles are made from more refined and purified clay, and hence are harder and durable among all segments as well as offer great designing flexibilities. Some of the restraints with this segment is that porcelain are more impervious to moisture as well as requires greater experience for desired cutting. On the other hand, glazed and unglazed ceramic tiles are expected to experience sluggish growth rate in the near future. The report also bifurcates the ceramic tiles market into commercial and household.

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