Global Ceramic Tiles market
The global Ceramic Tiles market registered a value of ~US$ xx Mn/Bn in 2019. With a moderate CAGR of xx% throughout the historic period 2014-2019, the Ceramic Tiles market is expected to grow at healthy CAGR of xx% over the foreseeable timeframe 2019-2029. In this research study, 2018 is considered as the base year.
The Ceramic Tiles market study presents a compilation of market share, demand analysis, and future outlook associated with each segment as well as sub-segment. The key segments include, product type, end use, region, and relevant competitors. Important product-wise segments covered contain product 1, product 2, product 3, and product 4. Key end uses enclosed are end use 1, end use 2, end use 3, and end use 4.
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The thriving construction industry, especially across emerging economies in regions such as Asia Pacific, Latin America, and Middle East and Africa is the foremost factor driving the steady demand for ceramic tiles in the global market. Robust economic development of developing economies, rising disposable incomes, and the increased power of spending that comes with it are also driving the increased uptake of ceramic tiles as renovation projects take an upswing. Rising consciousness regarding the aesthetic appeal of residential as well as commercial buildings is driving the demand for ceramic tiles for beautification purposes as well.
Global Ceramic Tiles Market: Market Potential
The large amount of energy required to produce ceramic materials via the conventional kiln firing method has for a long time stirred research activities focused at the development of an effective way to produce ceramic materials under low energy conditions. Recently, a new room-temperature method has been introduced, which has demonstrated much more energy efficiency as compared to the kiln firing method. The method, which is being called cold sintering, can also enable the production of composite materials.
The carbonate nanoparticles used to run the procedure can be captured from waste gases from the industrial sector or from the atmosphere. In this method, the captured CO2 reacts with a suitable raw material to produce carbonate, which could be used to produce ceramics at room temperature. Through this method, the environment-damaging CO2 gas would get stored in ceramic products for a long time. This potential CO2 sink is expected to help end-use applications such as across thermal power stations to work on a carbon-neutral basis.
Global Ceramic Tiles Market: Regional Analysis
Of the key regional markets for ceramic tiles, the market in Asia Pacific takes the top spot in terms of consumption and contribution of revenue to the global market. High pace of urbanization and the consequent rise in new construction projects, especially across emerging economies in the region, is the key factor leading to the massive demand for ceramic tiles in the past few years in the region. The construction industry in the region continues to embark upon a steady growth path and is expected to continue to lead to the excellent demand for ceramic tiles in the next few years as well.
Global Ceramic Tiles Market: Competitive Overview
The global market for ceramic tiles features an extremely fragmented and competitive vendor landscape, with no vendor accounting for a significant majority share. Rising volatility of raw material costs is also contributing in intensifying the competition in the market and trends are expected to remain strong over the next few years owing to several restrictions on mining practices. Nevertheless, with innovative and economical products in their arsenal and the help of proper supply networks could help companies tap lucrative growth opportunities in the market.
Some of the leading companies operating in the global ceramic tiles market are Grupo Lamosa SAB de CV, Ras Al Khaimah Ceramics, Siam Cement Group, Kajaria Ceramics, Mohawk Industries Inc., China Ceramics Co., Ltd., and Ceramiche Atlas Concorde S.P.A, Crossville Inc., Florida Tile Inc., Porcelanosa Grupo, Saloni Ceramica, and Gruppo Ceramiche Ricchetti S.p.A.
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The Ceramic Tiles market research covers an exhaustive analysis of the following data:
- Synopsis of recent R&D activities implemented by each Ceramic Tiles market player.
- Segmentation of the Ceramic Tiles market to highlight the growth prospects and trends impacting these segments.
- Factors (Positive and Negative) affecting the growth of the global Ceramic Tiles market.
- Comprehensive analysis of the impacts of the growth of relevant industries.
- Exhaustive understanding of the strengths, weaknesses, opportunities and threats of various Ceramic Tiles market players.
The Ceramic Tiles market research answers the following questions:
- Which country in region is expected to hold the largest share by 2019?
- How are the players overcoming the challenges associated with the Ceramic Tiles market?
- What modifications are the Ceramic Tiles market players performing to receive regulatory approvals in specific regions?
- What are the underlying micro- macroeconomic factors impacting the global Ceramic Tiles market?
- What is future prospect of Ceramic Tiles in end use segment?
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A thorough primary and secondary research has been performed to extract the nuts and bolts of the Ceramic Tiles market. Various service providers, implementation vendors and research in different departments of all gamut of companies were approached to provide a clear-cut picture of the market structure. Further, DROT analysis and Porter’s Five Forces analysis are used to offer the factors (positive and negative) impacting the growth of the Ceramic Tiles market.
This post was originally published on Space Market Research