Rapid Urbanization and Rising Construction Activity Drive the Global Ceramic Tiles Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Ceramic Tiles markets. Global market for Ceramic Tiles is projected to reach US$123.7 billion by 2020, driven by recovering residential and commercial construction activity, rapid urbanization, and technology advancements.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
Ceramic Tiles: A Global Strategic Business Report

San Jose, California (PRWEB) July 24, 2014

Follow us on LinkedIn – Extensively used in the infrastructure and construction industry for interior and exterior architectural applications, ceramic tiles constitute a highly volatile market influenced by a multitude of factors, including GDP growth, consumer purchasing power, in addition to the health of the industrial construction and housing industry. As a reliable, durable, and timeless building material, tiles are increasingly becoming an integral part of residential and commercial buildings. Improving economic growth as mirrored by the steady rise in global GDP, growing consumer confidence, rising construction activity, and building renovation/retrofit activity across the world is driving current growth in the market.

Future growth in the market will be driven by the increasing number of residential apartments in developing countries to accommodate the rising middle class that demand better provisioned housing. Other important growth drivers include the increasing global population, rising standards of living, and rapid urbanization and the resulting need for building infrastructure. Supported by innovative technologies and raw materials, ceramic tiles are currently available in beautiful styles, with enhanced features such as versatility, sustainability, and extended life for addressing diverse requirements of indoor and outdoor spaces. Ongoing trends in tile market represent a transition towards bold looks, large size formats, green aesthetics, natural wood look, and environmental protection.

Technology advancements poised to benefit market expansion in the near term include lightweight, ultra-thin tiles for counters and cabinets; anti-slip and thick tiles for uneven outdoor surfaces; tiles for efficiently controlling temperature fluctuations; and antibacterial tiles for schools, hospitals, public places, and bathrooms. Other technology advancements favoring market adoption include the smart multi-purpose intelligent tiles that sense environmental stimulus and react to the same in a reliable, useful, reversible, and reproducible manner, and the digital tile printing technology that enables high-definition images to be printed on desired tiles permanently in any color and gradient. The digital technology supports replication of marble, wood, stone, metal, glass wall paper, granite textile images from silk surface to rough canvas, as well as facilitates creation of ultra-thin large format tiles that reduce unwanted weight, particularly in multi-storied apartments.

As stated by the new market research report on Ceramic Tiles, Asia-Pacific represents the largest as well as the fastest growing market worldwide, with a projected CAGR of 9.2% over the analysis period. Rapid industrialization, healthy gains in GDP growth, large scale demolition and replacement of old buildings, growing population, surging infrastructure development, expanding urban population, robust construction activity along with increased spending power, and the subsequent rise in demand for residential and commercial property, particularly in regional powerhouses such as China and India, represent important growth drivers in the region.

Key players covered in the report include Bedrosians, Canteras Cerro Negro SA, Cecrisa S.A, Ceramiche Atlas Concorde S.p.A., Ceramiche Refin S.p.A,     Cristal Cerámica S.A., Emser Tile, Florida Tile, Inc., Grespania SA, Grupo Uralita, Johnson Tiles Limited, Interstyle Ceramic & Glass, Iris Ceramica SpA, Kajaria Ceramics Ltd., Kaleseramik, Çanakkale Kalebodur Seramik Sanayi A.S, Mohawk Industries, Malaysian Mosaics Berhad, Marazzi Group S.p.A., Nitco Ltd., Pamesa Ceramica SL,    Panariagroup Industrie Ceramiche S.p.a., Pilkington Group Plc, RAK Ceramics Co.,    Regency Ceramics Limited, Roca Sanitario, S.A., Saudi Ceramic Company, Shaw Industries, Inc., and Somany Ceramics Ltd. among others.

The research report titled, “Ceramic Tiles: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions, and other strategic industry activities of global companies. The report provides market estimates and projections in volume (million square feet) and value (US$) for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East, and Latin America (Brazil and Rest of Latin America).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Ceramic_Tiles_Market_Report.asp

About Global Industry Analysts, Inc.:

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends, while monitoring more than 126,000 companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/


Contact

  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
    Email

Attachments