Deerfield Beach, FL, March 14, 2016 (GLOBE NEWSWIRE) -- Zion Research has released a new report titled “Ceramic Tiles (Floor Tiles, Wall Tiles and Other Tiles) Market for Residential Replacement, Commercial, New Residential and Other (Countertops, Facades, etc.) Applications: Global industry Perspective, Comprehensive Analysis and Forecast, 2014 –2020”. According to the report, the global demand for ceramic tiles market was valued at around USD 72.0 billion in 2014 and is expected to reach generate revenue of 120.0 billion by end of 2020, expanding at a CAGR of slightly above 9.0% between 2015 and 2020. In terms of volume, the global ceramic tiles market stood at 13.0 billion square meters in 2014.
Ceramic exhibit various physical and chemical properties including strength and brittleness. Owing to these attributes ceramics find extensive applications in various industries such as floor tiles, pipes, bricks, cookware, sanitary ware, pottery products, glass and steel crucibles, disc brakes in vehicles, watch cases, and biomedical implants. Manufacturing of ceramic tiles involved conventional methods, automated techniques, and newest single fast firing methods. Ceramic tiles are used in vast number of ways including restaurants, suburban, offices, resorts, malls and kitchen floors among others. They are used in commercial constructions, where both durability and beauty are major concerns particularly in restrooms and lobbies. Majority of modern houses throughout use these tiles for kitchens, bathrooms and in each essential area of the premise. Ceramic tiles are also employed in industry, for walls and floors as chemical resistant.
Browse the full "Ceramic Tiles (Floor Tiles, Wall Tiles and Other Tiles) Market for Residential Replacement, Commercial, New Residential and Other (Countertops, Facades, etc.) Applications: Global Industry Perspective, Comprehensive Analysis, Size Share, Growth, Trends, Segment and Forecast, 2014 - 2020" report at http://www.marketresearchstore.com/report/ceramic-tiles-market-z38957
Ceramic tiles market has grown to a sizeable chunk today with considerable production worldwide. The demand for ceramic tiles is primarily driven by the growing infrastructure and construction industry worldwide. Ceramic tiles are widely used in different areas such as, residential replacement, commercial, new residential, others (facades and countertops). Residential replacement was the largest application market for ceramic tiles market in 2014. It accounted for over 45% share of the total volume consumed in 2014. Demand for ceramic tiles used for residential replacement has fueled because it can be substitute for paints. New residential application is expected to grow at a rapid pace in the years to come. Numbers of research and development activities are carried out by different manufactures due to rigorous regulations on carbon emissions caused during of ceramic tile production. Huge expenditure on development of eco-friendly products has offered novel prospects to the market players.
Floor tiles, wall tiles and others are the main product segment of ceramic tiles market. Floors tile was the prevalent product segment of ceramic tiles market and accounted for over 50.0% share of the entire volume consumption in 2014. The potential of this market seems to be immense, predominantly in applications such as, residential replacement, commercial, new residential, others (facades, countertops). Retail, housing sector, IT and BPO sectors has been showing an unmatched boom for ceramic tile demand in recent years. Residential replacement sector was the major application market for ceramic tiles in 2014. It accounted for over 45% share of the total volume consumed in the same year. Demand for ceramic tiles employed for residential replacement has augmented owing its potential to be used as a substitute for paints. New residential segment is also projected to grow at a rapid pace in the coming years.
Browse 55 Market Tables and 20 Figures spread through 70 Pages and an in-depth TOC on “Ceramic Tiles Market – Global Trends & Forecast to 2020”
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Geographically, Asia Pacific region emerged as prime market for ceramic tiles in 2014 with over 50% share in total volume consumption. Rising production in countries such as China and India is driving the market growth in this region. Indian ceramic tiles industry has pursued analogous trends globally which have been characterized by falling margins and excess capacities. Countries such as Malaysia, Vietnam Sri Lanka, Thailand and Indonesia are in process of setting up their own plants. Producers from countries such as Italy and Spain have the benefit of lower transportation costs while exporting to Germany and US.
Some of the key industry participants in global ceramic tiles market include Porcelanosa Groupo, Saloni Ceramica, Mohawk Industries, China Ceramics Co. Ltd, RAK Ceramics, Kajaria Ceramics, Crossville Inc., Ceramiche Ricchetti, Atlas Concorde, and Florida Tile.
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This report segments the global ceramic tiles market as follows:
Global Ceramic Tiles Market: Product Segment Analysis
- Floor Tiles
- Wall Tiles
- Other Tile
Global Ceramic Tiles Market: Application Segment Analysis
- Residential replacement
- Commercial
- New residential
- Others (facades, countertops etc.)
Global Ceramic Tiles Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Browse Press Release: http://www.marketresearchstore.com/news/global-ceramic-tiles-market-set-for-rapid-growth-124
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