ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a new market research report. The new report is titled “Ceramic Tiles Market (Floor Tiles, Wall Tiles and Other Tiles) for Residential Replacement, Commercial, New Residential and Other (Countertops, Facades, etc.) Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” and discusses the historical statistics, strong trends, market drivers, and potential growth trajectories of the global ceramic tiles market.
The global ceramic tiles market is expected to grow from its 2012 valuation of US$60,735.8 million at a CAGR of 9.2% from 2013 to 2019, to eventually reach a market value of more than US$112 million.
The ceramic tiles market is divided on the basis of three criteria: product type, end-use application, and the market’s geographical distribution.
There are three types of ceramic tiles in the global market, namely floor tiles, ceiling tiles, and other tiles. Ceramic tiles used as floor tiles dominated the global market for ceramic tiles in 2012, claiming a strong market share of 52%. Ceramic wall tiles follow ceramic floor tiles in the charts.
As can be gleaned from the market breakdown according to product type, the global construction industry boom is a major driver for the ceramic tiles market, with residential replacement being the dominant application of ceramic tiles in 2012, accounting for close to half the global market.
Asia Pacific leads the Europe, North America, Latin America, and Rest of the World segments according to geography, on the back of healthy figures posted by booming construction industries in countries such as China and India. Asia Pacific and Europe held about 80% of the global ceramic tiles market between the two.
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