Ceramic Tiles Market to exceed USD 178 billion will grow at over 9.5%+ CAGR from 2016 – 2024: Fractovia.Org

The rising demand for ceramic tiles across commercial venues such as malls, hospitals, & airports will spur ceramic tiles market. The escalating developments in the construction and infrastructure sectors provide ample evidence to testify that the demand for excellent construction materials endowed with unique features such as abrasion resistivity, hygiene, durability, and lower lifecycle & operating costs is always on the rise, which will subsequently create lucrative growth opportunities for ceramic tiles market players.

Recently, in June 2017, Mohawk industries, a reputed flooring covering product manufacturer based in the U.S., decided to construct its second ceramic tile production plant in Dickson. As per reports, the factory will commence its operations by the end of 2018. Earlier in 2016, the firm’s ceramic division had generated a revenue of nearly USD 478 million that was far greater than the revenue it had accrued during past three years.

Request for a sample of this research report @ https://www.fractovia.org/request-sample/231

It has been predicted that strategic collaborations and joint ventures will have a significant impact on the global ceramic tiles industry size over the coming years. For instance, Orient Bell Limited, a leading Indian firm producing wall & floor tiles, has entered a deal with a ceramic tile manufacturing firm based in Gujarat & its stakeholders to purchase 26% of its equities.

The latter has planned to set a new ceramic tile producing factory in Morbi at Gujarat and will produce nearly 5.2 million square meters of wall ceramic tiles per annum. Reports state that this deal guarantees Orient the procurement and sale of the entire ceramic tiles production by the Morbi-based ceramic tile producing firm, thereby favorably leveraging ceramic tiles industry trends.

In June 2017, RAK Ceramics, one of the renowned names across the ceramic tiles industry, joined forces with the School of Architecture, Art, and Design at the American University in Dubai. The former will help the students of the private university to create & design various types of porcelain tiles for wall and floor covering. It will also explain the use of these tiles across commercial and residential ventures. The tie-ups between industry and academic institutions will promote innovation among the student community, thereby augmenting the long-term business growth plans of ceramic tiles market players.

Speaking in terms of regional trends, ceramic tiles industry has established its foothold across major geographies including APAC, North America, and Europe. APAC ceramic tiles market is projected to garner relatively high gains over the next few years. With China’s construction spending touted to be more than USD 1.7 trillion in 2015, this country is slated to be a major contributor toward APAC growth.

Make an inquiry for purchasing this report @ https://www.fractovia.org/request-purchase/231

Ceramic tiles industry share is highly fragmented, and boasts of the inclusion of Mohawk industries, RAK Ceramics, Kajaria Ceramics, and China Ceramics Company Ltd. Global Market Insights, Inc., claims that ceramic tiles market value, estimated at USD 76.80 billion in 2015, is poised to hit USD 178.16 billion by 2024.

Browse key industry insights spread across 120 pages with 143 market data tables & 16 figures & charts from the report, “Ceramic Tiles Market Size By Product (Floor Tiles, Wall Tiles), By Application (Residential Replacement, Commercial, New Residential), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2013 – 2024” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/ceramic-tiles-market

Browse Related Reports:

Painting Tools Market Size By Product (Brushes, Rollers, Scrapers, Knives, Trays, Spray Gun, Masking Tapes), By Application (Construction [Residential, Commercial, Industrial], Automotive, Appliances, Furniture, Industrial Machineries & Equipment, Packaging) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Iran, Iraq, Egypt, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.fractovia.org/news/industry-research-report/painting-tools-market

Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

29L Atlantic Avenue, Suite L 105,

This release was published on openPR.