The global Ceramic Tiles Market size is projected to reach USD 82.83 billion by 2026, attributable to the rise in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report titled “Ceramic Tiles Market Size, Share and Global Trend By Application Area (Floor, Walls, Others), By End-Use (Residential, Non-Residential), and Geography Forecast till 2026.” As per this report, the market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.


Key Drivers

Government-supported Initiatives to Improve Existing Infrastructure will Bode Well for Market

Increasing construction and renovation activities worldwide is a significant factor propelling the ceramic tiles market growth. This, coupled with the rise in government initiatives to improve public recreational spaces such as hospitals, schools, and public transport, are likely to aid in the expansion of the market. Moreover, the rise in disposable incomes of people, coupled with the rapid industrialization and modernization, propelled people to renovate and reconstruct existing homes and commercial spaces. Furthermore, the advent and rising popularity of customizable and digitally printed ceramic tiles and the currently trending phase of interior decorations will further help the market generate high revenue in the forthcoming years.

Regional Segmentation:

Asia Pacific to Emerge Dominant Owing to Rapid Construction and Renovation Activities

Geographically, Asia Pacific emerged as the largest ceramic tiles market shareholder on account of the presence of the largest consumer and manufacturer in the region. Additionally, the rapidly evolving construction industry is also making a considerable contribution to the market in terms of the increasing trend for construction and renovation activities in the region.

On the other side, the market in North America will witness significant growth in the forecast period owing to the rising trend of customization and personalization for households and commercial spaces in the developed nations of the region. In 2018, this region earned USD 4.00 billion. Furthermore, the increasing demand for energy-efficient and green buildings for utilization as government and business offices are likely to add impetus to the market in the coming years.

Browse Complete Research Report Summary: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377


List of Leading Ceramic Tiles Market Manufacturers include:

Kajaria Ceramics Limited
Ceramic Industries Group
Cerâmica Carmelo Fior
White Horse Ceramic
MOHAWK INDUSTRIES INC.
STN Cerámica
Dynasty Ceramic Public Company Limited
LASSELSBERGER Group
Grupo Celima Trebol
SCG CERAMICS
Elizabeth Group
PAMESA CERÁMICA SL
Grupo Cedasa
Kale Group
RAK CERAMICS
PT Arwana Citramulia Tbk
Vitromex USA, Inc.
Cersanit Group
Grupo Lamosa
Somany Ceramics
Others
View Press Release from Fortune Business Insights: https://www.fortunebusinessinsights.com/press-release/polyurethane-pu-market-9446

Competitive Landscape:

Players to Focus on Maintaining a Diverse Product Portfolio

The market for ceramic tiles is highly fragmented in nature due to the presence of many players. Major companies operating in the market are focusing on the launch of innovative products differing in style, design, size, and every aspect from the others. Therefore, vendors are making massive investments for the same to stand out in the competition and attract substantial ceramic tiles market revenues in the forecast period. Apart from this, companies are also trying to expand their geographical presence and are thus taking initiatives for the same.