Europe Ceramic Tiles Market Forecast 2020-2028
The Europe ceramic tiles market is projected to register a CAGR of 4.19% in terms of revenue during the forecast period. In terms of volume, the market is estimated to grow at a CAGR of 4.11% during the estimated period, 2020-2028. One of the factors attributed to the growth is the increasing focus on the improvement of thermal and acoustic properties of tiles, along with its weight reduction. Also, the abundance of feldspar is another factor driving the market growth. The large presence of SMEs that focus on developing tiles for walls and floors is set to be beneficial for market growth.
The Europe ceramic tiles market growth is assessed by assessing the markets in the countries of Germany, Russia, France, the United Kingdom, Italy, Belgium, Poland, and the Rest of Europe. The third-largest economy in Europe, France, is considered to be the second-largest country when it comes to the construction sector. There is an increase in new residential construction activities in the country. There is also a rising demand for timber usage due to the growing awareness about the ill-effects of concrete constructions. This is further set to influence the growth of the ceramic tiles market in the country.
The European region encompasses Germany, the UK, and Italy. These regions are the major ceramic tiles markets in the European region. Italy is a major exporter of ceramic tiles having key import destinations that like France, the US, Austria, Belgium, Germany, Greece, France , and Canada. Germany is one of the major producers of kaolin in the European region. While in countries like Russia, the improving economic conditions and upcoming construction projects, along with favorable government policies regarding infrastructure development, are propelling the ceramic tiles market growth.
The increasing investments and export and import are benefiting market growth. Some of the prominent companies in the region are Atlas Concorde S.P.A., Rak Ceramics Pjsc, Nitco Ltd., Johnson Tiles, Grupo Lamosa, etc.
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