Decorative Tile Market Research Report
Decorative Tile are
segment into floors, walls covering according to their applications. Floors
segment is expected to grow at the highest growth rate in forecast period as,
floor is the predominant application for decorative tile.
Market
Scenario:
On the basis of region, Asia-Pacific accounted for the largest market
share of 65.21% in 2016, with a market value of USD 73,218.6 Million and is
projected to grow at the highest CAGR of 4.23% during the forecast period. The
increasing number of supermarkets in the Asia-Pacific region and the growing
demand for multipacks of various grocery products, are expected to boost the
demand for decorative tiles products. The booming e-commerce market due to
increasing internet penetration in the region, is also contributing to the
growth of the market. Europe was the second-largest market in 2016, valued at
USD 14,663.9 Million in 2016; it is projected to grow at a CAGR of 3.60%. The
region accounts for increasing manufacturing of ceramic tiles as well as one of
the leading consumers of the decorative tiles. As per ACIMAC, European Union
held 9.9% of the world’s production of tiles in 2015.
Ceramic Tiles accounted for the largest market share of 47.92% in 2016, with a market
value of USD 53,805.1 Million and is projected to grow at CAGR of 3.98% during
the forecast period. Ceramic is the most popular segment in the tiles industry
worldwide. Ceramic tile is made up of sand, natural products, and clays and
molded into shape. These have gained popularity mainly due to its easy
mantainace, durability, and its scratch proof properties. Porcelain Tiles was
the second-largest market in 2016, valued at USD 28,530.6 Million in 2016.
Porcelain has certain properties which have resulted in the fastest growing
market for this segment. Porcelain tiles has low water absorption rate, denser
and more durable when compared to ceramic tiles. This fuels the demand for
porcelain tiles in the residential and commercial construction and is expected
to grow highest at 4.14% CAGR during the forecast period. Stone
Tiles is projected to grow at a CAGR of 3.82%.
Based on end-use, residential sector accounted for the largest market
share of 57.69% in 2016, with a market value of USD 64,775.0 Million
and is projected to grow at the highest CAGR of 4.37% during the forecast
period.
Continuously increasing private and residential construction due to
increased disposable income and increased focus on the aesthetic values,
driving the demand of the market. Commercial was the second-largest market in
2016, valued at USD 47,506.2 Million in 2016; it is projected to grow at a CAGR
of 3.34%. The commercial segment includes office space, trading space, shopping
malls, business centres, and other public spaces. The segment demands tiles for
its flooring specifically than walls and other areas. The commercial complexes
occupy vast area and expect heavy footfall. It is due to this reason that the
floor tiles are given importance than others.
Decorative Tiles, made out of ceramic, porcelain, marble and stones are
the tiles which are designed specifically to suit the construction type and
theme. It is designed to add personality to the wall and floor and enhance the
value of the construction in turn.
Segmentation
The prominent players in the Decorative Tiles include:
·
The Siam Cement
Public Company Limited (Thailand)
·
Group Lamosa
(Mexico)
·
Roca Sanitario
·
Panariagroup Industrie
Ceramiche S.p.A (Italy)
·
Gruppo Concorde
S.p.A. (Italy)
·
Mohawk
Industries, Inc. (U.S.)
·
Kajaria Ceramics
Limited (India)
·
Pamesa Cerámica
SL (Spain)
·
Guangdong
Dongpeng Ceramic Co., Ltd. (China).
Browse
Complete report https://www.marketresearchfuture.com/reports/decorative-tile-market-4277.
Hence, Global Decorative Tiles Market is expected to reach a market size
of USD 146,213.4 million by the end of the forecast
period at CAGR of 3.94%.
The report for Global Decorative Tiles Market of Market Research
Future comprises of extensive primary research along with the detailed
analysis of qualitative as well as quantitative aspects by various industry
experts, key opinion leaders to gain the deeper insight of the market and
industry performance. The report gives the clear picture of current market
scenario which includes historical and projected market size in terms of value
and volume, technological advancement, macro economical and governing factors
in the market. The report provides details information and strategies of the
top key players in the industry. The report also gives a broad study of the
different market segments and regions.
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