Ceramic Tiles Market Size, Share, Demand & Trends by 2032

-

 

The global ceramic tiles market is predicted to exhibit substantial market growth over the forecast . Valued at US$ 84.8 Bn in 2021, the target market will grow at a robots CAGR of 7.20% during 2022-2032. The rapid expansion of residential, commercial, and construction sectors is propelling the growth of the ceramic tiles market. Also, recent growth of the home decor sector, residential construction industry, and development of thee organized retail sector will further aid the growth of the ceramic tiles market during the forecast period.

The past few years has registered the increasing per capita income of several countries all over the world. This has resulted in the rise of renovations and home decor activities. Ceramic tiles are often preferred by homeowners, renovators, and interior designers due to their visually appealing characteristics as well as their sustainability and durability features. Owing to their visual attractiveness, ceramic tiles are in high demand in both residential construction and in the construction of hotels, offices, universities, shopping centers, and restaurants. 

Request a Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1669

Addition, the availability of an extensive variety of ceramic tiles for home décor like mosaic, glazed, porcelain, and terracotta tiles further contribute to the escalating market demand as these fulfill the purpose of aesthetics as well as functionality. Keeping this in mind, many leading market manufacturers are releasing different types of intricate and modern patterns in ceramic tiles designs so as to meet the growing consumer demand. The deep reach of e-commerce coupled with online home decor ideas that guide consumers’ decisions also contribute to the growing demand for ceramic tiles in the global market.

Residential replacement, new construction project, remodelling and renovations activities are fueling the growth of ceramic tiles market. Affordability, sustainability, and durability of ceramic tiles are pushing the market expansion of the same over the forecast period.

“Rising demand for eco-friendly tiles will facilitate the global growth of the ceramic tiles market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Rising residential replacement projects will drive the growth of the overall residential application segment.
  • The floor ceramic tiles segment will account for major portion of the market share.
  • Accounting for 45.8% of the total revenue in 2021, the Asia Pacific region will likely continue its growth streak.
  • Ceramic tiles market in North America will expand at a CAGR of 5.6 %.
  • Increasing investment in renovation activities will fuel the target market growth in Europe.

Get More Information on this Report @ https://www.futuremarketinsights.com/reports/ceramic-tiles-market

Competitive Landscape 

RAK Ceramics, Crossville Inc., Atlas Concorde, Saloni Ceramica, Porcelanosa Grupo, Gruppo Ceramiche Ricchetti, Florida Tile,Mohawk Industries, Kajaria Ceramics, and China Ceramics Co., Ltd., among others, are some of the major players in the ceramic tiles market profiled in the full version of the report.

Key market players are concentrating on product innovations and developments to meet the rising consumer demand. These enterprises are also deploy tactics such as mergers, acquisitions, and collaborations to strengthen their market position.

More Insights into Ceramic Tiles Market Report

In its latest report, FMI offers an unbiased analysis of the global ceramic tiles market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product (floor tiles, wall tiles, other tiles), application (residential replacement, commercial, new residential, others (facades, countertops, etc.)), and region.

According to the latest FMI reports, based on segmentation, the residential segment is expected to continue its market lead through 2032. Benefits like sustainability and durability drive this segment’s growth. In terms of product types, the floor ceramic tile segment will hold major market share owing to its extensive application in the housing sector.

Based on region, the ceramic tiles market in North America is anticipated to demonstrate remarkable growth during 2022-2032. The target will likely grow at a CAGR of 5.6% due to the growing construction of residential and commercial buildings. Availability of raw material and a largely untapped market induces many market players to invest in this region and thus contribute to the regional target market growth. Europe and Asia Pacific, too, will experience notable growth in the ceramic tiles market over the forecast period.

Comments

Post a Comment

Popular posts from this blog

Cetrimonium Bromide Market Size, Share, Demand, Growth & Trends by 2033

-
  Cetrimonium Bromide (CTAB) is a versatile quaternary ammonium compound commonly used in hair care products and cosmetics. As a cationic surfactant, it reduces surface tension and functions as a conditioning agent, providing antistatic and detangling properties to hair. Beyond its cosmetic applications, CTAB finds use in pharmaceutical formulations as an antiseptic agent, exhibiting strong antimicrobial activity. It is also employed in industrial processes and research laboratories, making it a multi-functional ingredient with broad-reaching applications. The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Cetrimonium Bromide market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks exist
Read more

Calcium Ammonium Nitrate Market Size, Share, Growth, Demand & Trends by 2032

-
  Calcium Ammonium Nitrate (CAN) is a nitrogen-based fertilizer with a balanced nutrient composition, containing both ammonium and nitrate forms of nitrogen. It's highly soluble and provides essential nutrients to plants for optimal growth. CAN is widely used in agriculture for its convenience in application and its positive impact on crop yield and quality. As per the recent research conducted by a leading market insights provider FMI, the global Calcium Ammonium Nitrate market will expand at a healthy CAGR over the forecast period between 2023 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of Calcium Ammonium Nitrate and provide vital insights to business owners to get benefited from forthcoming opportunities. The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides r
Read more

Lithium Mining Market Size, Share, Demand, Revenue & Growth by 2032

-
  The global  lithium mining market  is anticipated to accrue a value of US$ 3.4 billion in 2032, as opposed to a valuation of US$ 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and ceramic manufacturing and the emergence of electronic vehicles that augment the demand for lithium-ion batteries facilitate the growth of the lithium mining market. The ongoing technological innovations and widespread lithium use in air treatment also drive the expansion of the lithium mining market size during the forecast period. The shift witnessed in the design and advancement of battery technology along with concerns regarding the decline in fossil fuels will likely stimulate market growth for lithium mining. The fall in the availability of fossil fuels, rising carbon emissions, and emphasis on alternative sources of power encourage greater lithium mining. As it is estimated that lithium m
Read more