KEY FINDINGS The Europe ceramic tiles market is slated to grow at a CAGR of 8.53% for the forecast period 2017-2025. The revenue generated by the market is also expected to increase from $9638 million in 2016 and reach $20033 million by 2025. The bullish construction industry is mainly expected to contribute to this market’s growth.
1MARKET INSIGHTS The European ceramic tiles market is being presented with ample of growth opportunities in terms of the growing demand for eco-friendly tiles and the booming construction industry. The market is primarily being categorized into applications that include commercial application, new residential, and residential replacement application; and into products such as floor tiles, wall tiles, etc. However, the fluctuating raw material prices and the increasing competition from low-cost ceramics from the emerging economies might prove challenging for the market in the coming future.
COMPETITIVE INSIGHTS The established players in this market include Centura Tile Inc, Crossville Inc, Iris Ceramica, Mohawk Industries, Grupo Lamsoa, Rak Ceramics, Gruppo Ceramiche Ricchetti Spa, Porcelanosa Grupo, Grespania, Mosa, etc.