Ceramic Tiles Market to reach US$ 122.59 Bn by 2025

(EstateNewsWire.com, December 01, 2018 ) Physical properties attributable to the nature of ceramic tiles pose a certain challenge to their proliferation whose market is estimated to reach US$ 122.59 Bn by 2025

Latest market study on “Ceramic tiles Market to 2025 Type (Floor Tiles and Wall Tiles); Application (Commercial and Residential) –Global Analysis and Forecast”, the Ceramic tiles market is estimated to reach US$ 122.59 Bn by 2025 from US$ 81.01 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The ceramic tiles have several performance benefits which attracts the end users especially, the builders and the constructors. However, the disadvantages of the building material possesses major concerns while procurement. The ceramic tiles by properties are very hard, which makes the material unsuitable for some end users. Attributing to the hardness of the material, it is very uncomfortable to stand on or walk, and unlike resilient floors, the ceramic tiles are highly resistant to softening by using padded underlayment. The builders or constructors of commercial infrastructures sometimes limits their procurement of ceramic tiles while constructing the buildings. This fact inhibits the ceramic tiles market to penetrate. Another key concern related to the ceramic tiles among the builders, constructors and house owners accounted for the coldness of the material. Ceramic tiles gets very cold in the winter, which is a major drawback of the building material. Pertaining to this fact, several house owners, builders and constructors operating in the colder regions of the globe, restricts the usage of ceramic tiles on floors. This factor also hinders the procurement of ceramic tiles in those particular regions.

The global ceramic tiles market is segmented on the basis of type which is fragmented into floor tile, and wall tile. The floor ceramic tile market dominates globally in 2017 and is further anticipated to command a strong position during the forecast period to grow at a healthy CAGR. Further, the global ceramic tile has also been segmented on the basis of application into residential and commercial. In the current scenario, the residential segment holds a command in the global ceramic tiles market.

Ceramic tiles market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of Ceramic tiles to gain high market share. Some of the key players operating in the Ceramic tiles market includes Mohawk Industries, Inc., China Ceramics Co., Ltd., Florida Tile, Inc., GRUPO LAMOSA, S.A.B. DE C.V., Kajaria Ceramics Limited, Porcelanosa Grupo AIE, PT. Muliakeramik Indahraya, RAK Ceramics, The Siam Cement Public Co. Ltd., and Gruppo Ceramiche Ricchetti SPA among others.

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Sameer Joshi

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