Tallahassee Journal

Ceramic Tiles Market Worth Will Be $25.32 Billion By 2020: Grand View Research, Inc.

Ceramic Tiles Market Worth Will Be $25.32 Billion By 2020: Grand View Research, Inc.

Grand View Research
Global ceramic tiles market demand was 12,328.3 million square meters in 2013 and is expected to reach 21,822.7 million square meters by 2020, growing at a CAGR of 8.5% from 2014 to 2020

Global ceramic tiles market is expected to reach USD 125.32 billion by 2020, according to a new study by Grand View Research, Inc. Construction industry growth in BRICS coupled with rising demand for new residential structures in emerging markets of China and India due to urbanization is expected to drive market demand for ceramic tiles over the forecast period. Stringent environment regulations pertaining to carbon emissions caused during the production of ceramic tiles has forced market players to increase their R&D expenditure on eco-friendly products, which is likely to open new market avenues in the near future.

Residential replacement was the largest application, accounting for more than 50% of market volume in 2013. Growing demand for durable material coupled with rising awareness towards personal hygiene is expected to augment ceramic tiles demand in 

residential replacement over the forecast period.

For TOC and indepth Analysis of Ceramic Tiles Market Visit : 
http://www.grandviewresearch.com/industry-analysis/ceramic-tiles-market

Further key findings from the study suggest:

  • Global ceramic tiles market demand was 12,328.3 million square meters in 2013 and is expected to reach 21,822.7 million square meters by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
  • Floor tiles were the largest product segment for ceramic tiles market, accounting for over 50% of market volume in 2013. Emergence of floor tiles as a replacement for hardwood and other flooring options on account of superior properties such as high durability, frost & thermal shock resistance is expected to have a positive impact on ceramic tiles market in the near future.
  • Asia Pacific was the largest ceramic tiles market, exceeding 60% of global volume in 2013. Government of India and China have increased spending on infrastructure improvement, which is expected to promote the demand for residential and commercial structures and boost ceramic tiles market over the forecast period.
  • Emergence of West Africa as a manufacturing hub for ceramic industry on account of growing domestic demand for ceramics in household and building applications in countries such as Nigeria is expected to have a positive impact on market. Low manufacturing cost as compared to countries of North America and Europe has forced numerous ceramic manufacturers to commence production in West Africa. In December 2013, West African Ceramics Ltd. (WACL) announced an investment of over USD 50 million to commence production of ceramic tiles in Nigeria.
  • Global ceramic tiles market is fragmented in nature due to presence of numerous companies operating across the world. Key market participants include Crossville Inc., Saloni Ceramica, and China Ceramics.

 

To Purchase This Research Report Directly Visit – https://www.grandviewresearch.com/checkouts/520

For the purpose of this study, Grand View Research has segmented the global ceramic tiles market on the basis of product, application and region:

Global Ceramic Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020)
    • Wall Tiles
    • Floor Tiles
    • Others

Global Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020)
    • Residential Replacement
    • New Residential
    • Commercial
    • Others


Global Ceramic Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2020)

    • North America
            • US
    • Europe
            • France
            • Italy
    • Latin America
            • Brazil
    • Asia Pacific
            • China
            • India
    • RoW
            • Iran


About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

For more information, visit http://www.grandviewresearch.com/

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Company Name: Grand View Research, Inc
Contact Person: Sherry James
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Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/ceramic-tiles-market

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