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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