New York, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL CERAMIC TILES MARKET FORECAST 2020-2028" - https://www.reportlinker.com/p05067705/?utm_source=GNW
52% in terms of volume. The factors attributed to such growth rate are the thriving residential construction & flooring market, increasing availability of abundant raw materials, and infrastructure development, along with favorable government policies.
MARKET INSIGHTS
Ceramic tiles are one of the most sought flooring choices in building & construction industries across the globe.They are made from feldspar, kaolin, sand, glass, and bentonite, all of which makes ceramic tiles envronemt0friendly, cost-effective, and easy to clean.
The ceramic tiles have become an indispensable part of home improvement since it plays an essential role in deciding the outdoor and interior look.The thriving housing sector supplemented by favorable government policies propels the global ceramic tiles market growth further.
The construction industry, too, is a major factor boosting the growth of the overall market, specifically in countries like the United States, where it is the major contributor to the economy. With a revenue share of 34.08%, the residential replacement category dominates the end-use segment. The new residential category in the end-use segment is anticipated to record the highest CAGR. The market growth is hampered by certain challenges. The fluctuating raw material prices increase the production cost, thereby reducing the profit margin for the ceramic tile companies. The large presence of companies makes the ceramic tiles market fragmented. The cost effective manufacturing and development of new products are estimated to be the essential success factors for market players.
REGIONAL INSIGHTS
The geographical segmentation of the global ceramic tiles market includes North America, Europe, Asia Pacific, and the rest of the world.The Asia Pacific region.
According to Inkwood Research, the Asia Pacific region is set to flourish during the forecast period, recording the highest CAGR both in terms of volume and revenue.Such a growth rate is credited to the growing construction activities, economic prominence, and urbanization, in the market region.
The key market players are shifting their production centers to the Asia Pacific region.
COMPETITIVE INSIGHTS
The large presence of the companies benefits the revenue growth of the market. Some of the eminent market players include Atlas Concorde S.P.A., Centura Tile, Inc., Blackstone Industrial (Foshan) Ltd., Crossville, Inc., China Ceramics Co., Ltd., etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. ATLAS CONCORDE S.P.A.
2. BLACKSTONE INDUSTRIAL (FOSHAN) LTD.
3. CENTURA TILE, INC.
4. CHINA CERAMICS CO., LTD.
5. CROSSVILLE, INC.
6. FLORIDA TILE, INC.
7. KAJARIA CERAMICS LTD.
8. MOHAWK INDUSTRIES, INC.
9. NITCO LTD.
10. RAK CERAMICS PJSC
11. GRUPO LAMOSA
12. JOHNSON TILES
13. SALONI CERAMICA
14. PORCELANOSA GROUP
15. SIAM CEMENT GROUP
Read the full report: https://www.reportlinker.com/p05067705/?utm_source=GNW
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GLOBAL CERAMIC TILES MARKET FORECAST 2020-2028
KEY FINDINGS The global ceramic tiles market is estimated to garner considerable revenue and volume by the end of the forecast period (2020-2028), registering a CAGR of 8. 05% in terms of revenue and 7.
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