DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ceramic Tiles Market by Product Type, Raw Material and Application - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.
The ceramic tiles market was valued at $84,123 million in 2015, and is projected to reach $145,949 million by 2022, growing at a CAGR of 8.1% from 2016 to 2022. Asia-Pacific held nearly one-third share of the global market in 2015.
Ceramic tile is one of the most prevalent flooring choices used in building & construction industry globally. These are made using raw materials such as feldspar, bentonite, kaolin, sand, and glass. These offer reduction in household allergens, are environment friendly, easy to clean, very low maintenance, cost-effective, and are resistant to scratch, moisture, and dust.
The global ceramic tiles market is driven by growth in construction sector worldwide. In addition, increase in use of ceramic tiles as a substitute to other products in residential applications, such as marble, paints, and glass, is expected to fuel the demand for ceramic tiles in the near future. However, stringent regulations pertaining to emissions of exhaust gases during the production of these tiles is expected to restrain market growth. Thus, introduction of environment-friendly production processes is expected to offer lucrative opportunities for market players.
Vitrified ceramic tile held more than half of the total market share in 2015, and is expected to maintain its dominance during the forecast period. This is attributed to the rapid expansion of the construction industry worldwide. In addition, the introduction of new production processes and new product features is expected to boost growth of this segment.
New residential and residential replacement applications dominated the global market, with nearly two-thirds share, in terms of volume, in 2015. Increase in demand for moisture- and dust-resistant properties across residential and commercial applications is anticipated to drive the market growth.
- RAK Ceramics
- Mohawk Industries
- Ceramica Saloni
- China Ceramics
- Kajaria Ceramics
- Porcelanosa Grupo
- Siam Cement Group
- Lamosa Grupo
- Ras Al Khaimah Ceramics
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Ceramic Tiles Market, By Product Type
Chapter 5 Ceramic Tiles Market, By Raw Materials
Chapter 6 Ceramic Tiles Market, By Application
Chapter 7 Ceramic Tiles Market, By Geography
Chapter 8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/3bc39x/ceramic_tiles