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Ceramic Tiles Market worth 320.07 Billion USD by 2023

 



(EstateNewsWire.com, May 14, 2019 ) The report "Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to reach USD 320.06 Billion by 2023 The Ceramic Tiles Market size is estimated to grow from USD 227.89 Billion in 2018 to USD 320.07 Billion by 2023, at a CAGR of 7.03%. The market is projected to witness steady growth in the next few years, due to the rise in new construction activities resulting from rapid industrialization and urbanization. Increase in investments in the construction industry, the rise in population, and growing focus toward interior decoration.

Request for PDF Sample Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228236779

The floor segment is projected to witness the highest CAGR during the forecast period.

The floor segment is projected to be the fastest-growing segment during the forecast period. Due to their high durability, water-resistance, low maintenance, and reliability, ceramic tiles have become the top flooring solution for high traffic areas such as shopping malls and corporate centers. Ceramic tiles offer cost advantages in terms of price as compared to other premium flooring materials, owing to its minimal maintenance requirements and high durability. Such factors contribute toward their increasing application in the corporate, hospitality, healthcare, and other commercial sectors.

The residential segment is projected to dominate the market for ceramic tiles, in terms of value, through 2023.

The residential segment dominated the market in 2017, and this trend is projected to continue through 2023 as a result of the demand for aesthetic ceramic tiles and growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of the population. All these factors are expected to fuel the demand for ceramic tiles in the residential sector.

Don't miss out on business opportunities in Ceramic Tiles Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=228236779

Browse in-depth TOC on "Ceramic Tiles Market"
108 - Market Data Tables
30 - Figures
119 - Pages nd

The Asia Pacific market for ceramic tiles is projected to grow at the highest CAGR from 2018 to 2023.

Asia Pacific is projected to be the fastest-growing market for ceramic tiles during the forecast period. The growth in the region can be attributed to the growing construction industry, supportive government policies & plans, and rapid urbanization. Among all countries in the Asia Pacific region, the Ceramic Tiles Market in India is projected to grow at the highest CAGR during the forecast period. The Middle Eastern & African market is projected to grow at the second-highest CAGR between 2018 and 2023.

Key players operating in the Ceramic Tiles Market include Mohawk Industries (US), Siam Cement (Thailand), Kajaria Ceramics (India), Nitco Tiles (India), Grupo Lamosa,(Mexico), China Ceramics (China), Johnson Tiles (UK), Ceramica Saloni, (Spain), Florida Tiles (US), and Ceramiche Atlas Concorde (Italy). These players have an extensive product portfolio and a wide geographical presence. New product launches, expansions, mergers & acquisitions, and partnerships are some of the major strategies adopted by key players operating in the Ceramic Tiles Market.

Purchase the report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=228236779

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com


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