Ceramic Tiles Market Set to Register 9.2% CAGR by 2019 due to Increasing Consumer Spending on Ceramic Tile Products: Transparency Market Research

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Transparency Market Research

01 Oct, 2015, 16:30 BST

ALBANY, New York, October 1, 2015 /PRNewswire/ --

The market research report 'Ceramic Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019', published by Transparency Market Research, analyzes and forecasts the demand for ceramic tiles on the regional and global level. It provides forecasts for the six-year period from 2013 to 2019 in terms of revenue and volume. According to the report, the global ceramic tiles market stood at US$60.74 billion in 2013 and is further expected to reach US$112.32 billion by the end of 2019. Due to various growth drivers such as easy availability of raw materials, rapid growth of the building and construction industry, and increasing technological innovation in manufacturing ceramic tiles, the overall market is estimated to grow at a healthy CAGR of 9.2% from 2013 to 2019.

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Ceramic tiles are a significant part of the construction industry. They are employed in a broad range of residential and commercial applications for interior purposes. Increase in construction activities has led to the high demand for ceramic tiles across the globe. Moreover, growing economies, urbanization, GDP growth, as well as higher per capita income and spending are major factors propelling the ceramic tiles market in emerging economies such as China and India. Growth of the market is also high in other developing regions such as Latin America and Africa. The study report provides a complete scenario of the ceramic tiles market based on the product types and applications. The major product segments analyzed in the study are wall tiles, floor tiles, and other tiles.

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Ceramic tiles used as floor tiles accounted for the largest share of the ceramic tiles market in terms of volume and revenue. In 2012, ceramic floor tiles held 52.0% of the ceramic tiles market by volume, making it the most highly consumed product type. Demand for this segment is expected to increase in the near future, especially in Asia Pacific, due to the rapid pace of urbanization in this region. More families in Asia Pacific can now spend on residential housing equipped with ceramic tiles. Ceramic tiles used as wall tiles were the second largest product segment in the overall market.  In terms of applications, ceramic tiles are segmented into commercial, residential replacement, new residential, and others (including facades, countertops). All the application segments studied in the report have been analyzed based on current and future trends.

According to the study report, the demand for ceramic tiles market is the highest in Asia Pacific as compared to North America, Europe, Latin America, and Rest of the World. Asia Pacific is the fastest growing region in the ceramic tiles market, in terms of production and consumption. It is now growing as a key destination for several major players and manufacturers of ceramic tiles in the market. The region held nearly 66% of the global ceramic tiles market in 2012. China Ceramics, RAK Ceramics, Ceramica Soloni, Mohawk Industries, Kajaria Ceramics, and Porcelanosa Grupo are the major manufacturers active in the global ceramics market profiled in the report.

Browse Article on Ceramic Tiles Market: http://www.transparencymarketresearch.com/article/ceramic-tiles-market.htm

Ceramic Tiles Market - Product Segment Analysis 

  • Floor Tiles
  • Wall Tiles
  • Other Tiles

Ceramic Tiles Market - Application Analysis 

  • Residential Replacement
  • Commercial
  • New Residential
  • Others (facades, countertops etc.)

Ceramic Tiles Market - Regional Analysis 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World (RoW)

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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