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Ceramic Wall and Floor Tiles Industry: Global Market Demand Expected to Reach US$178.1 bn by 2024 - Investment Opportunity for Startups and Entrepreneurs, Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends
Wednesday, February 22, 2017
Ceramic Wall and Floor Tiles Industry: Global Market Demand Expected to Reach US$178.1 bn by 2024 - Investment Opportunity for Startups and Entrepreneurs, Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost Of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Ceramic Wall and Floor tiles are a significant part of the construction industry. Wall tiles, floor tiles, and others such as ceiling and roofing tiles are the main products available in this market. Among these, floor tiles enjoy the highest demand. Flooring holds importance in a number of applications ranging from commercial and residential constructions such as hospitals and educational institutes to transport infrastructures such as railway stations and airports. The demand for floor tiles is projected to remain highest in the near future.
Ceramic tiles find extensive applications in the construction industry in various forms such as floor tiles, wall tiles, countertops, tabletops, façade, and so on. Demand for ceramic tiles is primarily led by an increase in construction activities globally and rising demand for new residential houses in buildings.
The trend for design breaks within a tiling scheme has become more prevalent, with combinations of tile sizes, shapes, textures and colours now used to create borders, frames, etc., for both wall and floor tiling installations. The Ceramic tiles sector in particular, has undoubtedly benefited from the recent trend for texture in tiles, with growing demand for more riven products, particularly for texture walls.
Growing flooring market will consequently drive ceramic tiles market size over the forecast timeframe. Flooring is an integral part of residential and commercial construction structures. Floor tiles, wall tiles and others are the key product segment of ceramic tiles market. Floors tile was the largest product segment of ceramic tiles market and accounted for over 50.0% share of the total volume consumption in 2015. Floor tiles market is also expected to be the fastest growing product segment in terms of volume as well as revenue throughout the forecast period. Wall tile was the second leading segment in the global ceramic tiles market.
Booming real estate sector along with availability of housing loans on low interest rates has provided the much awaited thrust to Indian Ceramic walls and Floor tiles market. The overall Indian tiles market is expected to witness compounded annual growth rate of more than 18% for next five years till 2017.
Apart from their decorative looks, Ceramic Tiles are primarily hygiene products and that is how our broad spectrum of consumers view the product. This is fairly evident from its varied usage from bathrooms and kitchens in average Indian households to medical centers, labs, milk booths, schools, public conveniences, shopping malls and numerous other centers; which dot our day to day life.
The Floor and tile industry is currently experiencing a huge move toward domestic production. Global ceramic tiles market size is positively influenced by increasing construction expenditure across the globe. The global market for ceramic tiles attained a value of US$76.81 bn in 2015. Expanding at a CAGR of 9.80% from 2016 to 2024, it is poised to reach US$178.1 bn by 2024.
There exists a very good opportunity and ample scope to venture into this field for new entrepreneurs.
Few Indian Major Players are as under:
Anant Raj Inds. Ltd.
Asian Tiles Ltd.
Bell Ceramics Ltd.
Bell Granito Ceramica Ltd.
Delta Tiles Ltd.
Diamond Regina Ceramics Ltd.
Elegant Marbles & Grani Inds. Ltd.
Euro Ceramics Ltd.
Excel Frits & Colours Ltd.
Godavari Ceramics Ltd.
Gujarat Goldcoin Ceramics Ltd.
H & R Johnson (India) Ltd.
Jalaram Ceramics Ltd.
Jay Flash Ceramics Ltd.
Lustre Tiles Ltd.
Mandsaur Ferro Alloys Ltd.
Montana International Ltd.
Murudeshwar Ceramics Ltd.
Nitco Ltd.
Nortech India Ltd.
Pearl Jet Microns Pvt. Ltd.
Pedder & Pedder Tiles Ltd.
Prism Cement Ltd.
Regency Ceramics Ltd.
Restile Ceramics Ltd.
S T C L Ltd.
Savana Ceramics Ltd.
Silica Ceramica Pvt. Ltd.
Stiles India Ltd.
Sun Earth Ceramics Ltd.
Taurus Novelties Ltd.
See more
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