Improving at a CAGR of 9.90% between 2017 and 2024, the market is well poised to attain a revenue valuation of US$178.1 bn by the end of 2024. In 2017, a revenue valuation of US$99.74 bn was recorded.
Albany, NY -- (SBWIRE) -- 05/16/2018 -- Ceramic tiles have become an extremely popular and commonplace material used to decorate floors in homes throughout the world. Recently, a fresh study titled "Ceramic Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024" has been broadcasted to the wide repository of Market Research Hub (MRH), which offers wide analysis of the current market trends and future estimations in the market. Moreover, the report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the global ceramic tiles market growth during the said period. With an extensive forecast period of 2017-2025, the study analyzes market size based on volume (in tons) and revenue (US$ Mn), considering 2016 as the base year.
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Ceramic flooring is an attractive and hard wearing surface ideally suited to an installation in bathrooms and kitchens. They are available in many designs and variants, and hence are suitable for indoors and outdoors. Their aesthetics make them suitable for floor coverings and other decorative uses. Globally, the demand for ceramic tiles is going to come across the most noteworthy surge in the forthcoming years, bolstered by their better tasteful element, durability, lower maintenance prerequisites, variety in patterns and colors.
Key Highlights from the Report
- As per the research key findings, the worldwide ceramic tiles market mounted at US$99.74 bn in the year 2017, and is predictable to reach a valuation of roughly US$178.10 bn by the year 2024, the end of the forecast period. At this pace, the market is all set to witness a healthy CAGR of 9.90% during aforementioned forecast period of 2017-2024.
- Initially, the readers will find the report beginning with an executive summary that covers all important sections and provides market related numbers in brief. The next section market overview provides basic knowledge of the market including market definition and market taxonomy. This section also shares details in terms of historical & forecasted market, year-on-year growth, drivers, restraints and future opportunities available in the global ceramic tiles market.
- In order to provide a comprehensive view of the market, the report is categorically divided into four key sections on the basis of product and application analysis. Key product type mentioned in the study include floor tiles, wall tiles, ceiling tiles, roofing tiles etc. On the basis of applications, it covers Residential Replacement, New Residential, Commercial and Others (Including Industrial, etc.). It has been analyzed that the interest for ceramic tiles depends upon to increment in commercial as well as residential and public infrastructure.
- The geographical segregation has also been included in the study, which clearly states that the Asia Pacific is reported to secure a significant consumption rate for ceramic tiles owing to a rapid rise in urbanization leading to increased construction activities.
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The competitive landscape offered in the report is a valuable resource for readers, as it helps in gauging the complete competitive state of the market. Some of the major companies functioning in the global ceramic tiles market include as Al Khaimah Ceramics, Siam Cement Group, Kajaria Ceramics, Mohawk Industries Inc., Crossville Inc., Florida Tile Inc., Porcelanosa Grupo, Saloni Ceramica, and Gruppo Ceramiche Ricchetti S.p.A.
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