Impact of Covid-19 Outbreak on Ceramic Tiles Market

28/lug/2020 15:03:59 Automotive Market Research Reports Contatta l'autore

The ceramic tiles market is predicted to have a favorable growth at 6.17% CAGR over the assessment period (2017-2023). Ceramic tiles have turned into one of the most widely used material owing to its alluring features. It is made of clay, natural products, and sand and after it is molded, it is fired in the kiln. Ceramic tiles can be either unglazed or glazed. Stylish, durable, and versatile; these tiles play a pivotal part in home décor. It is water and stain resistant, is famous for its easy maintenance and longevity and is naturally robust against humidity conditions. Ceramic tiles are an excellent choice for high traffic areas. The specialty of these tiles is that it can complement all styles of homes as it is available in an array of sizes, patterns, and colors. It comes in tiny mosaic tiles that can be used in floors or walls and also huge format ceramic tiles for floors.

Various factors are fueling the growth of the ceramic tiles market. These factors in accordance to the Market Research Future (MRFR) report include rising construction activities, growing need for housing, rise in disposable income, rapid urbanization, growing economy, higher per capita income, and increasing need for better aesthetics. The additional factors that are pushing the market growth include growing demand for structural reliability, sustainability and various benefits that it offers such as water and stain resistant, longevity, easy maintenance, anti-bacterial and anti-slip properties, ultra-thin, lightweight, low maintenance and robust against humidity, growing use in residential buildings, laboratories, and hospitals, progressing construction developments, burgeoning construction industry, increasing customization trends, and technological advancements. On the contrary, volatility in the cost of raw materials may hamper the growth of the ceramic tiles market over the assessment period.

Market Segmentation

MRFR report offers a wide segmental analysis of the ceramic tiles market on the basis of types, application, and raw material.

Based on type, it is segmented into floor tile and wall tile. Of these, floor tiles will have the largest share in the market over the assessment period.

Based on application, the ceramic tiles market is segmented into residential and commercial. Of these, residential will domineer the market over the assessment period.

Based on raw material, it is segmented into the electrolyte, dolomite silt, clay, coalized granite, and others.

Regional Analysis

By region, the ceramic tiles market covers growth opportunities and latest trends across the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. Of these, Asia Pacific will spearhead the market over the assessment period at an encouraging CAGR. This is owing to urbanization and rapid growth of industries. Also, the encouraging government regulation namely incentives and tax benefits here have grabbed the attention of numerous industry players to enter the region’s lucrative market that in turn, is propelling the market growth. Besides, the existence of the most populated countries, namely India and China, has increased the building and construction industry that is significantly pushing the demand for ceramic tiles in the oil and gas industry. Japan, India, and China are the chief contributors here. The ceramic tiles market in North America will have a healthy growth over the assessment period owing to the region’s growing construction sector. The US, as well as Canada, are the chief contributors here. The ceramic tiles market in Europe will have a steady growth over the assessment period. The increasing EU regulation to control greenhouse emissions has fueled the market to stagnant growth.

Key Players

Leading players profiled in the ceramic tiles market include Pamesa Ceramica (Spain), Gruppo Concorde (Italy), Guangdong Dongpeng Ceramic Co., Ltd (China)., Panariagroup Industrie Ceramiche S.p.An (Italy), Lamosa (Mexico), RAK Ceramics (Arab Emirates), Roca Sanitario, S.A (Spain)., Kajaria Ceramics (India), Mohawk Industries Inc (U.S.).,Siam Cement Public Company Limited(Thailand), and others.

May 2019 – An exhibition was held in Fuzhou’s Strait Folk-Art Museum that showcased more than 80 innovative ink wash paintings done on ceramic tiles.

Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

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