As the competition in the global ceramic tiles market intensifies,
leading manufacturers have aggressively taken up the introduction of
new designs and development of their distribution channels, finds a
new report by Transparency Market Research (TMR). The market
demonstrates a highly fragmented competitive landscape, with top five
players collectively holding just about 8% of the overall market.
With the robust economic rise, rapid urbanization has taken over
significantly across the world. Most widely influenced by this trend
are emerging economies in Asia Pacific, the effect of which can be
seen in the increased renovation of old constructions as well as new
construction activities in these regions.
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China, India, and several other ASEAN nations are leading this trend
with increased commercial construction activities, resulting in a
high demand for ceramic tiles. Residential construction undertakings
are also a showing significant rise, increasing the consumption of
these tiles in these countries.
Increasing
Aesthetic Consciousness Boosts Demand in Brazil, Turkey, and GCC
“The volume sale of ceramic tiles will experience a boost in
various other nations, such as Brazil, Turkey, and countries in the
Gulf Cooperation Council (GCC) too. The people in these countries are
becoming aesthetically more conscious as their increasing disposable
income is letting them spend on the beautification of their homes and
workplaces, leading to an augmented demand for ceramic tiles,” says
a TMR analyst.
Although the market looks thriving overall, the increasing volatility
in raw material prices will severely impact the demand for ceramic
tiles in the coming years. Identified as an after effect of the
economic crisis, the prices of raw materials such as kaolin,
feldspar, silica sand, and bentonite have increased rapidly after
2008 and have been rising since then. Additionally, the heavy
consumption of these materials in other applications such as glass,
refractories, paints, thermal and electrical insulation, and food
packaging has augmented their prices further after 2010.
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Residential
Replacements Remains Biggest Consumer of Ceramic Tiles
According to TMR, the opportunity in the worldwide ceramic tiles
market is likely to expand at a healthy CAGR 9.80% during the period
from 2016 to 2024 and increase from US$76.81 bn in 2015 to US$178.1
bn by the end of the forecast period. Currently, Asia Pacific is the
biggest consumer of ceramic tiles across the world. The region
accounted for a demand share of 65.6% in 2015, which is projected to
increase to 66.5% by the end of 2024.
In 2015, ceramic tiles recorded maximum consumption in residential
replacement. The trend is projected to continue over the forecast
period. Floor tiles enjoy the highest demand among all ceramic tile
types. This segment is poised to attract more demand in the coming
years, owing to an upsurge in residential construction activities in
developing economies.
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The study presented here is based on a report by Transparency Market
Research (TMR) titled “Ceramic Tiles (Floor Tiles, Wall Tiles, and
Others) Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2016–2024.”
The report
segments the global ceramic tiles market as follows:
Ceramic Tiles Market – Product Analysis
- Floor Tiles
- Wall Tiles
- Others (Including Ceiling Tiles, Roofing Tiles, etc.)
Ceramic Tiles Market – Application Analysis
- Residential Replacement
- Commercial
- New Residential
- Others (Including Industrial, etc.)
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Us
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company’s exclusive blend of quantitative forecasting and trend
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Transparency Market Research employs rigorous primary and secondary
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