Ceramic Tiles Market trends 2022 - Mohawk Industries Inc (U.S.)., Kajaria Ceramics (India), Roca Sanitario, S.A (Spain)

 

Ceramic Tiles Market

Global Ceramic Tiles Market Research Report — Forecast to 2022” — Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

Mohawk Industries, British Ceramic Tile, Torrecid Group, Atlas Concorde, Porcelanosa Group, Crossville Inc., Gruppo Ceramiche Ricchetti, Kajaria Ceramics, and Asian Granito India Ltd. are some of the prominent players at the forefront of the competition in the Global Ceramic Tiles Market and are profiled in MRFR Analysis.

Ceramic Tiles Market — Market Overview

Amidst the decline in oil prices in the GCC the construction activities in the region still remains as a strong indicator for economic growth in the region. The construction activities is expected to stimulate in the coming years with an overall capital spending in GCC estimated at USD 480 billion of which 65% will be towards infrastructure development. Accounting for the latter mentioned factors it is healthy to assume a pool of market opportunities for ceramic tiles in the Middle East adding value to the Ceramic Tiles Market as a whole.

A slab made up of mixture of clay and inorganic raw materials, ceramic tiles, the market supply-demand scenario is inclined towards the dynamics of the construction industry and the economic conditions. The market consumption trends vary from region to region, for instance, the economic downturn in 2008–09 in the U.S had an adverse effect on the housing industry in the country and witnessed a sharp decline in the ceramic tile industry. However, the recent stats show a positive outlook for the housing market in the U.S for 2017–18 with low mortgage rates in the country beefing up new construction activities. Hence, a positive prospect for the ceramic tile players operating in the region. Since, ceramic tiles are majorly consumed in its close vicinity of production.

Ceramic tiles are widely consumed in new residential and non-residential constructions and reconstruction and renovation activities. With the increasing population, urbanization, and industrialization in emerging economies such as Asia Pacific and Middles East are stimulating construction activities. 

Protuberant trends further supporting ceramic tiles market growth include innovative designs and enhanced aesthetics, for instance, a combination of materials in an innovative manner, traditional stone and wood look ceramic tiles. Increasing reconstruction and repair activities across the globe replacing traditional construction with new designs can be further attributed towards the growth of digital printing on ceramic tiles across the globe. Furthermore, government initiatives in the emerging economies for infrastructural developments is expected to stimulate the market for ceramic tiles. For instance, government of India’s proposed spending in infrastructure accounting for 10% of the country’s GDP in its 12Th five-year plans will boost the demand for ceramic tiles in the country.

Ceramic Tiles Market — Competitive Analysis

Major players operating in the ceramic tiles concentrated in the Asia Pacific region are targeting to capitalize on the market with more value added products. For instance, Asian Granito India Ltd a leading player in the ceramic tiles space is focusing on high-value added products such as vitrified tiles, digital ceramic tiles, marble and quartz in line with the company’s strategy towards achieving 50% retail sales from 35% in the Indian market. Capacity additions towards first half of 2018 for value added products is one of the strategy adopted by the company.

Capacity expansion is a noted trend among the players in this market space, Kajaria Ceramics, a leading name in the ceramic tiles has expanded its capacity of ceramic tiles with its new plant in Tirupati, India. The plant will be operational in first of 2018.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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