Ceramic Tiles Market
REPORT DESCRIPTION
Ceramic Tiles ( Product - Floor Tiles , Wall Tiles ; Application - Residential Replacement , Commercial , New Residential ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 – 2024
As the competition in the global ceramic tiles market intensifies , leading manufacturers have aggressively taken up the introduction of new designs and development of their distribution channels , finds a new report by Transparency Market Research ( TMR ). The market demonstrates a highly fragmented competitive landscape , with top five players collectively holding just about 8 % of the overall market .
With the robust economic rise , rapid urbanization has taken over significantly across the world . Most widely influenced by this trend are emerging economies in Asia Pacific , the effect of which can be seen in the increased renovation of old constructions as well as new construction activities in these regions . China , India , and several other ASEAN nations are leading this trend with increased commercial construction activities , resulting in a high demand for ceramic tiles . Residential construction undertakings are also a showing significant rise , increasing the consumption of these tiles in these countries .
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Increasing Aesthetic Consciousness Boosts Demand in Brazil , Turkey , and GCC “ The volume sale of ceramic tiles will experience a boost in various other nations , such as Brazil , Turkey , and countries in the Gulf Cooperation Council ( GCC ) too . The people in these countries are becoming aesthetically more conscious as their increasing disposable income is letting them spend on the beautification of their homes and workplaces , leading to an augmented demand for ceramic tiles ,” says a TMR analyst .
Although the market looks thriving overall , the increasing volatility in raw material prices will severely impact the demand for ceramic tiles in the coming years . Identified as an after effect of the economic
Transparency Market Research
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