Tuesday, 10 March 2015

Ceramic Tiles Market Will Have to Brave Regulatory Headwinds, Will Achieve Moderate Growth Through 2019

A recent report published by Transparency Market Research states that the global ceramic tiles market is currently growing at a CAGR of 9.2% from 2013 to 2019. The market was previously worth US$60.74 billion in 2013 and by the end of 2019, the market is estimated to reach a total worth of US$112.32 billion.
The 73-page research report is titled “Ceramic Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and aims to provide its user with a complete understanding of the mechanics of the global ceramic tiles market, in order to compile an effective market strategy.
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The global ceramic tiles market was weighed in at 11,199.6 million square meters in 2012. According to an analyst with TMR, this market is primarily driven by increasing construction activities that require larger quantities of ceramic tiles. This holds stronger for residential construction projects. Another force propelling the market is the use of innovative technology to create increasingly efficient manufacturing processes and to improve the aesthetics of ceramic tiles.
Citing findings from the report, the analyst states, “The dominant sector in the global ceramic tiles market for 2012 was floor tiles and the segment held more than 52% of the market’s share. The segment’s demand is also expected to increase within the report’s forecast period, which can be attributed to the rapid pace of urbanization in the Asia Pacific region. More families can afford residential housing that comes with ceramic tiles due to greater levels of disposable income.”
The report also discusses the presence of restraining factors in the global ceramic tiles market. Strict government regulations regarding the usage of ceramic tiles and volatility in energy costs are some of the key challenges of the global market. The production of ceramic tiles releases various exhaust and greenhouse gases and companies across the globe have been trying to develop production processes that are in line with government norms.
According to the report, the Asia Pacific region is the fastest-growing one in the global ceramic tiles market, in terms of production as well as consumption. The region also dominated the global scenario in 2012, with a hold of nearly 66% of the market’s share. The region’s success in the global ceramic tiles market is credited to its many emerging economies. Asia Pacific is described by the report as a key destination for manufacturers of ceramic tiles and multiple major players in the market are establishing bases in this region.
The second-strongest region of the ceramic tiles market in terms of consumption is Europe. Revenue-wise, the region’s growth is estimated to be at a CAGR of 7.6% within the report’s forecast period.
Key players in the global ceramic tiles market that feature in the report include Porcelanosa Grupo, Kajaria Ceramics, Ceramica Saloni, Mohawk Industries, China Ceramics, and RAK Ceramics.
The major use of ceramic tiles arises due to their unique chemical properties. Ceramic tiles are strong, hard, and brittle. They are also weak in shearing and tension. Due to this, the tiles can provide substantial resistance to high temperatures, harsh environments, and can withstand exposure to caustic or acidic chemicals.
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