A gist of Ceramic Tiles market report
The market intelligence report for the Ceramic Tiles market serves a platter of important features containing the product taxonomy, critical explanations, and other industry-related parameters.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=245
The Ceramic Tiles market report also covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Ceramic Tiles market segmentation by type, application, and geography provides a critical angle of, what manufacturers are seeking for the stipulated timeframe.
“The ceramic tiles manufacturing industry is experiencing an upward trend with the incorporation of digital inkjet printing technology for tile decoration. Furthermore, major developments in print head design and ink formulation are expected to further enhance market penetration over the forecast period”, says the Fact.MR analyst.
The global ceramic tiles market is anticipated to reach a valuation of over US$ 230 billion, with growth pegged at a stellar 8.5%. There has been a substantial increase in residential building spending over the past few years, prompting the market for ceramic tiles around the globe to expand. Presently, manufacturers are concentrating more on producing ceramic tiles for residential purposes. To meet the growing requirement for housing, governments are providing low-investment homes that are tied in over the forecast period to support industry growth. In addition, the increase in consumer preference for the use of ceramic tiles in households is also a key factor which is anticipated to drive demand.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=245
Presently, the global ceramic tiles market is witnessing a downturn, at a time when people around the world are resorting to social isolation and working to reduce discretionary spending in the midst of the COVID-19 pandemic. Unlike other sectors like retail, financial services and manufacturing, the construction sector requires a physical workforce, both skilled and unskilled in concentrated circles. That said, the situation is changing and many countries have now ordered all non-essential undertakings to be suspended, which would include most construction projects. In certain nations, there have also been clear orders requiring construction sites to be closed or allowing contractors to suspend work until the pandemic subsides.
Key Takeaways of Ceramic Tiles Market Study:
- Asia Pacific presently dominates the global ceramic tiles market, acquiring a market share of over 60%. Such growth can be attributed to the extensive use of ceramic tiles in residential and commercial purposes in China and India.
- The demand for ceramic tiles is expected to grow at a CAGR of over 9.5% in Latin America over the forecast period due to increased demand from single-family dwellings in the region.
- The residential segment presently dominates the global market with a share of over 60% with the non-residential segment is anticipated to grow at a CAGR of over 7.5%
- The flooring ceramic tiles segment is expected to dominate the global ceramic tiles market with a market share of over 45%. The walls ceramic tiles market segment is expected to grow at a robust pace with a CAGR of 9% over the forecast period
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/245/S
Highly Fragmented Market Structure with Players Relying on Product Improvement
The global market for ceramic tiles is a highly fragmented one, with the presence of a large number of local and regional players. Tier-1 players within the ceramic tiles market hold a market share of over 15%, accumulating a revenue of above US$ 50 Mn. Players are concentrating on making ceramic tiles in a technically advanced and environmentally friendly way.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=245
Market leaders use innovative technologies to build products and to deliver alternative solutions. For example, in Spain, Pamesa Ceramica SL manufactures dry-pressed ceramic tiles that have high water absorption properties that will offer more strength and high density. The business offers reinterpretation of K-Slate which has the same characteristics as porcelain stoneware, which is used to enhance indoor beauty.
Explore Fact.MR’s Comprehensive Coverage on Retail & Consumer Goods Landscape
Disposable Gloves Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/disposable-gloves-market
Glass Tableware Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/glass-tableware-market
Menopause Wellness Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/menopause-wellness-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
