Ceramic Tiles Market Size, Trends and 2026 Forecast
The global ceramic tiles market size is projected to reach USD 82.83 billion by 2026, attributable to the rise in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, cracking-resistance, and are appealing aesthetically. Fortune Business insights™ provide a comprehensive overview of the market in their recently published report titled “Ceramic Tiles Market Size, Share and Industry Analysis, By Application Area (Floor, Walls, Others), By End-Use (Residential, Non-Residential), and Regional Forecast, 2019-2026.” As per this report, the market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.
What is the Scope of the Report?
The report discusses the ceramic tiles market in detail, primarily focusing on key industry developments, major growth drivers, restraints, challenges, and opportunities. It also throws light on key players operating in the market and discusses the strategies adopted by these players for gaining momentum in the market. Furthermore, the report provides a detailed table of segmentation based on factors such as application, end-use, and geographies and mentions the names of the leading segments and their future growth prospects. Current ceramic tiles market trends are also presented in the report. For more information, one may log on to the company website.
Government-supported Initiatives to Improve Existing Infrastructure will Bode Well for Market
Increasing construction and renovation activities worldwide is a significant factor propelling the ceramic tiles market growth. This, coupled with the rise in government initiatives to improve public recreational spaces such as hospitals, schools, and public transport, are likely to aid in the expansion of the market. Moreover, the rise in disposable incomes of people, coupled with the rapid industrialization and modernization, propelled people to renovate and reconstruct existing homes and commercial spaces. Furthermore, the advent and rising popularity of customizable and digitally printed ceramic tiles and the currently trending phase of interior decorations will further help the market generate high revenue in the forthcoming years.
Asia Pacific to Emerge Dominant Owing to Rapid Construction and Renovation Activities
Geographically, Asia Pacific emerged as the largest ceramic tiles market shareholder on account of the presence of the largest consumer and manufacturer in the region. Additionally, the rapidly evolving construction industry is also making a considerable contribution to the market in terms of the increasing trend for construction and renovation activities in the region.
Information source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377