Opportunities in the Global Ceramic Tile Market 2016-2021
According to a new market report published by Lucintel, the future of the global ceramic tile marketlooks good with opportunities in the residential and commercial construction markets. The globalceramic tile market is forecast to grow at a CAGR of 6.7% by value from 2016 to 2021. The majorgrowth driver for this market is the growth in new construction and renovation activities. Growingdemand for easy to maintain; better aesthetics; durable; and moisture-, fire-, and scratch-resistanttiles are also some other growth drivers of the ceramic tile market.
In this market, floor and wall tiles are the major product forms used for residential and commercialconstruction applications. Floor tile is the largest segment by product forms and is expected toremain the same during the forecast period. Lucintel predicts that the demand for wall tiles is likelyto experience the highest growth during the forecast period, supported by their better aestheticfeature, durability, minimal maintenance requirements, and availability in a variety of colors anddesigns. On the basis of comprehensive research, Lucintel forecasts that the residential segmentis expected to show above average growth during the forecast period.
Within the ceramic tile market, the residential segment is expected to remain the largest market.People opt for ceramic tiles, as it fulfills all desired requirements, and choose this product mainlybecause it requires low maintenance and provide an aesthetic appeal to the building.
APAC is expected to remain the largest and the highest growing region during the forecast perioddue to a comparatively large construction industry in this region, along with changing lifestyle andgrowing end-use industries, especially in China and India, and increasing urbanization in thisregion.
For market expansion, the report suggests innovation and new product development where theunique characteristics of ceramic tiles can be capitalized. Some of the innovation areas in ceramictiles could be in achieving comparatively high durability and good aesthetics.
Emerging trends in the global ceramic tile market, which have a direct impact on the dynamics ofthe industry, include increasing demand for vitrified tiles, 3D tiles, designer tiles, acceptance of ecofriendlytiles, and introduction of nano-technology. Mohawk Industries, Inc., Atlas Concorde, RasAl Khaimah Ceramics PSC, Grupo Lamosa, and Interceramic are among the major suppliers ofceramic tiles. Some companies are opting for M&A as a strategic initiative for driving growth.Lucintel, a leading global strategic consulting and market research firm, has analyzed growthopportunities in the global ceramic tile market by application type, product type, and region andhas come up with a comprehensive research report, “Opportunities in the Global Ceramic TileMarket 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves asa spring board for growth strategy as it provides a comprehensive data and analysis on trends, keydrivers, and directions. The study includes a forecast for the growth opportunities in the globalceramic tile market by application type, product type, and region as follows:
By application type (Value $ Million and Volume Million sqm from 2010 to 2021)
CommercialBy product type (Value $ Million and Volume Million sqm to from 2010 2021)
Other TileBy region (Value $ Million and Volume Million sqm to from 2010 2021)
Rest of the WorldThis unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s stringent economy, you needevery advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many more thatoperate in this market.
Some of the features of “Opportunities in the Global Ceramic Tile Market 2016-2021: Trends,Forecast, and Opportunity Analysis” include:
Market size estimates: Market size estimation in terms of value ($ Mil) and volume (M sqm)shipment.
Trend and forecast analysis: Global ceramic tile market trend (2010-2015) and forecast(2016-2021) by product, application, and region.
Segmentation analysis: Global ceramic tile market size by various product types such asfloor tiles, wall tiles and other tiles both in terms of value and volume.
Regional analysis: Global ceramic tile market breakdown by key regions such as NorthAmerica, Europe, Asia Pacific, and Rest of World.
Growth opportunities: Analysis on growth opportunities in different products, applications,and regions.
Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global ceramic tile market suppliers.
Emerging applications: Emerging applications of ceramic tile market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.