Eco-friendly Tiles Market by Type, Product, End-user and Region with the Growing factor in Construction Industry with the Forecast to 2023
Pune, India -- (SBWIRE) -- 06/14/2018 -- Market Research Future published a half-cooked research report on Global Eco-friendly Tiles Market that contains the information from 2017 to 2023. Global eco-friendly tiles market is expected to grow with the CAGR of approximately 9.2% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Eco-friendly Tiles Market Information from 2017 to 2023"
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Eco-friendly tiles are the new thrill in the construction industry. These are made from renewable materials such as clay and scrap metal and are gaining popularity in various construction projects or buildings. Growing construction industry, across the globe is a major factor driving the growth of the market. Moreover, growing popularity of eco-friendly tiles in residential construction, mainly due to light weight is driving the growth of the market. Additionally, 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. However, the high cost of eco-friendly tiles may restrict the growth of the market.
For the purpose of this study, the global eco-friendly tiles market has been divided on the basis of types, products, and end-users. On the basis of end-user, non-residential sector accounts the largest market share and is expected to remain dominant over the forecast period. Growing demand of eco-friendly tiles from office spaces, shops, restaurants, hotels, industrial buildings, schools, and hospitals drives the growth of the segment.
Hence, the global eco-friendly tiles market is expected to grow at a CAGR of 9.2% during the forecast period.
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Asia Pacific region dominates the global eco-friendly tiles market
Geographically, the global eco-friendly tiles market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region, has accounted for the largest market share and is projected to grow at highest CAGR during the forecast period. Rapid growth in construction sector in Asia Pacific region is the primary factor driving the growth of the market. The FDI inflows in construction in Asia Pacific region has led to an increase in construction projects and real-estate development. This, along with FDI in retail has pushed a number of retail outlets in the region. This induces the demand for construction in the region. Additionally, major players are targeting the Asia Pacific region, mainly due to availability of low-cost labor and availability raw material stocks. Hence, production facilities are increasing at a decent rate. This has also had a positive effect on the growth of the market. China, Japan, India, and Singapore are the major markets in Asia Pacific region.
North America is another major market for the eco-friendly tiles. U.S. is the major contributor in global and North America eco-friendly tiles market. Strong development commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region. Increasing repair and rehabilitation activities of existing infrastructure, shows potential for demand in the future. Increasing home improvement activities across Europe drives the demand of the market. In rest of the world, Middle East region is expected to contribute significantly during the forecast period, mainly due to increasing construction spending and high economic growth.
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The prominent players in the eco-friendly tiles market include ANN SACKS Tile & Stone, Inc. (U.S.), Arizona Tile (U.S.), Bedrosians Tile & Stone (U.S.), Marazzi Group S.r.l. (Italy), Villagio Tile & Stone (U.S.), Dal-Tile Corporation (U.S.), Wausau Tile, Inc. (U.S.), Terra Green Ceramics Inc (U.S.), EnviroGLAS Products Inc. (U.S.), Crossville Inc. (U.S.), Johnson Tiles (India), Nemo Tile Company Inc. (U.S.), Florim Ceramiche S.P.A (Italy), Vitromex USA (U.S.), and Division Iris Ceramica (Italy).
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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