Global Decorative Tiles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Decorative Tiles market in its upcoming report titled, “Global Decorative Tiles Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global decorative tiles market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global decorative tiles market report has been segmented on the basis of product, application, end-use and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Decorative Tiles are the tiles made up of porcelain, ceramic, metal, slate, cork, and glass and are designed especially for all type of construction. It is designed to add aesthetic to the wall and floor and this, in turn, enhance the value of the construction. The aesthetics of decorative tiles make them appropriate for decorative walls, countertops roofing, and flooring purposes, as vibrant colors and mesmerizing patterns are hallmarks for decorative tiles. Rising R&D activities and development of eco-friendly products, which are expected to boost the market growth over the forecast years. Additionally, favorable government regulations, initiatives to propel infrastructure growth and increasing spending on renovation activities are expected to fuel growth of the global market.
The market of decorative tiles is influenced by increasing consumption in Asia, attributable to increasing FDI in construction and supportive government measures and initiatives. Also, rising demand from different applications such as residential replacement and new residential construction is expected to increase key emerging industry segments of the market. A recent trend shows that manufacturers are focusing on reduction of carbon emissions and water consumption through improved processing options. However, the market growth can be hampered by its impact on environment, fluctuating supply & prices of raw materials, and non-availability of skilled labor.
The market in Asia Pacific is projected to register fastest growth in terms of revenue during the forecast period. Factors such as growing construction sector, increasing spending on renovation activities and rising demand from end-use industries can be some major contributors to positive growth of the target market. Rising demand for new residential structures in the emerging markets of China and India due to urbanization, is expected to drive market demand for decorative tiles over the forecast period. The residential market is expected to post faster gain as compared to nonresidential market, boosted by upsurge in housing activities and continued interest in kitchen and bathroom renovation projects. Manufacturers are focusing on setting up production facilities in China and India owing to low cost labor and favorable government policies for infrastructural development, are also expected to drive the market growth in APAC region. Regional expansion and product innovation will be the key growth strategies witnessed by the industry over the coming years
Global Decorative Tiles Market Segmentation:
- Ceramic Tiles
- Porcelain Tiles
- Stone Tiles
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- RAK Ceramics
- The Siam Cement Public Company Limited
- Group Lamosa
- Roca Sanitario, S.A.
- Panariagroup Industrie Ceramiche S.p.A
- Gruppo Concorde S.p.A.
- Mohawk Industries, Inc.
- Kajaria Ceramics Limited
- Pamesa Cerámica SL (Spain)
- Guangdong Dongpeng Ceramic Co., Ltd.
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