Global Ceramic Tile Markets Seeing Mid-Size to Smaller Company Growth
July 11, 2019 from Floor Trends Magazine
Dublin — Research and Markets recently added “Global Ceramic Tiles Market – Growth, Trends, and Forecast (2019 – 2024)” to its offering.
According to the report, The global ceramic tile market is expected to grow with a CAGR of 7% from 2018 to 2024.
Increasing construction spending is the key factor in driving the ceramic tile market globally. China, Japan, and India construction business are experiencing robust growth owing to boost industry growth in the Asia-Pacific market, as well as global market. Rising disposable income and high population other factors which are also a possible influence on the construction sector, adding to the ceramic tile market.
Advancements in digital printing technology is also influencing the market as manufacturers are able to provide ceramic tiles with a wide range of design aesthetics.
The ceramics tile market accounts for about 80% of the non-resilient flooring market. Ceramic tile is widely applicable in residential and commercial buildings, owing to their durability and crack-resistance nature. Protective coatings on ceramic tile offers high water resistance, stain protection, and cleanup.
However, governmental regulations pertaining to the carbon emissions in the production of ceramic tile could hamper market growth.
For more information, visit www.researchandmarkets.com.