Ceramic Tiles Market
crisis, the prices of raw materials such as kaolin, feldspar, silica sand, and bentonite have increased rapidly after 2008 and have been rising since then. Additionally, the heavy consumption of these materials in other applications such as glass, refractories, paints, thermal and electrical insulation, and food packaging has augmented their prices further after 2010.
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Residential Replacements Remains Biggest Consumer of Ceramic Tiles According to TMR, the opportunity in the worldwide ceramic tiles market is likely to expand at a healthy CAGR 9.80 % during the period from 2016 to 2024 and increase from US $ 76.81 bn in 2015 to US $ 178.1 bn by the end of the forecast period. Currently, Asia Pacific is the biggest consumer of ceramic tiles across the world. The region accounted for a demand share of 65.6 % in 2015, which is projected to increase to 66.5 % by the end of 2024.
In 2015, ceramic tiles recorded maximum consumption in residential replacement. The trend is projected to continue over the forecast period. Floor tiles enjoy the highest demand among all ceramic tile types. This segment is poised to attract more demand in the coming years, owing to an upsurge in residential construction activities in developing economies.
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TABLE OF CONTENT
Table of Contents Chapter 1 Preface
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Report Description Research Scope Assumptions Market Segmentation Research Methodology Chapter 2 Executive Summary
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