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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