Skip to main content

Ceramic Tiles Market is Projected to Register at a Healthy CAGR of 9.3% During the Forecast Period 2015 – 2019

The global ceramic tiles market was valued at US$ 78.7 Bn in 2015, and is expected to grow at a year-over-year rate of 9.2% to reach US$ 86.0 Bn in 2016. Asia and Europe are the two major markets for ceramic tiles, collectively accounting for 80.6% share of the global market in 2015. Asia Pacific (APAC) is the largest market globally, both in terms of production and consumption.
Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-1669
Demand for ceramic tiles is primarily driven by rising construction activities, economic reforms in developing countries, rapid urbanisation, growing per capita income, population expansion and higher disposable income especially in emerging economies such as China, Brazil and India. However, factors such environmental restrictions and stringent government regulations pertaining to excessive emission of CO2 during ceramic tiles production can hinder the growth of the market.
By application, residential replacement is the largest segment owing to its myriad uses, such as substitutes for marble, paint and other similar products. The residential replacement segment is anticipated to increase at a year-over-year rate of 9.5% in 2016 to reach US$ 85.9 Bn in revenues.
On the basis of type, ceramic floor tiles is the largest segment, accounting for US$ 33.4 Bn worth of demand in 2015. This segment is anticipated to increase at a year-over-year growth of 9.5% to reach US$ 36.6 Bn in revenues in 2016.
On the basis of regional segmentation the global ceramic tiles market is segmented into Asia Pacific, Europe, North America & Latin America and rest of world (ROW).
In recent years, the global ceramic tiles landscape is witnessing increased production offerings and capacity expansion by various market participants, including China Ceramics, Ceramica Saloni, RAK Ceramics, Porcelanosa Grupo, Mohawk Industries and Kajaria Ceramics. The revival of the global economy has been bolstered the global housing sector, which in turn, has led to growth in the global ceramic tiles market.
Long-term Outlook: The global ceramic tiles market is anticipated to increase at a CAGR of 9.3% during the forecast period to reach US$ 112.3 Bn in revenues by 2019 end. Asia Pacific will remain the most lucrative region during the forecast period, whereas residential replacement application segment will continue to account for the highest demand.




Comments

Post a Comment

Popular posts from this blog

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Dural Graft Market Future Trends, Industry Size and Forecast to 2032

 The Dural Graft market is a dynamic and vital sector within the medical device industry, contributing significantly to the advancement of neurosurgery and the treatment of various neurological conditions. Dural grafts, also known as dural substitutes or patches, are crucial in repairing and reinforcing the dura mater, the protective membrane surrounding the brain and spinal cord. As of 2033, this market is experiencing substantial growth due to an increased demand for neurosurgical procedures and a surge in innovative technologies and materials. One of the key drivers of the Dural Graft market's growth is the rising incidence of neurological disorders and traumatic brain injuries. With an aging population and a greater understanding of neurological conditions, more individuals require neurosurgical interventions, driving up the demand for dural grafts. These grafts are instrumental in providing structural support and sealing cerebrospinal fluid leaks after surgerie...
Post a Comment
Read more