Albany, New York, USA (PRWEB) November 04, 2013
According to a new market report published by Transparency Market Research "Ceramic Tiles (Floor, Wall and Others) Market for Residential Replacement, Commercial, New Residential and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018", the global market for ceramic tiles was valued at USD 55.79 billion in 2011 and is expected to reach USD 102.79 billion by 2018, growing at a CAGR of 9.2% from 2012 to 2018. In terms of volume, demand for ceramic tiles was 10,370.0 million square meters in 2011 and is expected to reach 18,154.1 million square meters by 2018, growing at a CAGR of 8.4% from 2012 to 2018.
Browse the full report with complete TOC at http://www.transparencymarketresearch.com/ceramic-tiles-market.html.
Demand for ceramic tiles has been driven by the growing construction and infrastructure industry, mainly in emerging economies of Asia Pacific such as China, India and Indonesia. Shift towards replacing paints, metal slabs, marble floors, and other home decorative products with ceramic tiles is also expected to boost the market over the forecast period. However, volatility in raw material prices and regulatory issues to address growing environmental concerns are acting as major factors contributing towards the increasing production costs of ceramic tiles. Increasing production cost is expected to hinder the market growth over the next five years.
Floor tiles emerged as the leading type of ceramic tiles used globally and accounted for over 50% of the total market in 2011. Floor tiles are also expected to be the fastest growing ceramic tiles at an estimated CAGR of 9.4% from 2012 to 2018. Wall tiles, the second largest market are expected to lose market share to floor tiles by 2018.
Ceramic tiles are majorly consumed in residential replacement market globally. Residential replacement accounted for approximately 54% of the total market in 2011. Along with the biggest market, residential replacement is also expected to be the fastest growing market for ceramic tiles at an estimated CAGR of 8.6% from 2012 to 2018. Commercial application of ceramic tiles followed residential replacement and has a share of over 30% of the market in 2011.
Increasing constructional activities mainly in emerging economies of China, India and Brazil has been acting as one of primary factor driving the demand for ceramic tiles. In addition, industry’s shift owing to consumer preference towards replacing paints, metal slabs and marble floor is also expected to boost the market for ceramic tiles over the forecast period.
This report analyzes, estimates, and forecasts the global ceramic tiles market demand in terms of volume (million square meters) and revenue (USD million) from 2011 to 2018. The study also includes various factors which has been driving and restraining the market in the past and which are expected to impact the market over the forecast period. The study provides a comprehensive view of the ceramic tiles industry, by segmenting and analyzing key products under ceramic tiles, namely, floor tiles, wall tiles and other types of tiles which include countertops, façade, etc.
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The report also segments and analyzes the market by key applications of ceramic tiles namely, residential replacement, commercial, and new residential. Each of these segments has been analyzed and market data has been provided for the period from 2011 to 2018, in terms of volume (million square meters) and revenue (USD million) they generated. The demand for each of the ceramic tiles types mentioned above is analyzed on the basis of application and geography (North America, Europe, Latin America, Asia Pacific, and Rest of the World). The report also analyzes which of the above mentioned product type of ceramic tiles holds the potential of becoming an attractive market by using the market attractiveness analysis tool.