Ceramic Tiles Market Expected to Witness Strong Growth in 2016, Thanks to Strong Demand From Asia Pacific and Europe

VALLEY COTTAGE, New York, July 11, 2016 /PRNewswire/ --

The global ceramic tiles market was valued at US$ 78.7 Bn in 2015, and is expected to grow at a year-over-year rate of 9.2% to reach US$ 86.0 Bn in 2016. Asia and Europe are the two major markets for ceramic tiles, collectively accounting for 80.6% share of the global market in 2015. Asia Pacific (APAC) is the largest market globally, both in terms of production and consumption.

Demand for ceramic tiles is primarily driven by rising construction activities, economic reforms in developing countries, rapid urbanisation, growing per capita income, population expansion and higher disposable income especially in emerging economies such as China, Brazil and India. However, factors such environmental restrictions and stringent government regulations pertaining to excessive emission of CO2 during ceramic tiles production can hinder the growth of the market.

Request a Sample Report with TOC: http://www.futuremarketinsights.com/reports/sample/rep-gb-1669

By application, residential replacement is the largest segment owing to its myriad uses, such as substitutes for marble, paint and other similar products. The residential replacement segment is anticipated to increase at a year-over-year rate of 9.5% in 2016 to reach US$ 85.9 Bn in revenues.

On the basis of type, ceramic floor tiles is the largest segment, accounting for US$ 33.4 Bn worth of demand in 2015. This segment is anticipated to increase at a year-over-year growth of 9.5% to reach US$ 36.6 Bn in revenues in 2016.

Free Analysis: http://www.futuremarketinsights.com/reports/ceramic-tiles-market

On the basis of regional segmentation the global ceramic tiles market is segmented into Asia Pacific, Europe, North America & Latin America and rest of world (ROW).

In recent years, the global ceramic tiles landscape is witnessing increased production offerings and capacity expansion by various market participants, including China Ceramics, Ceramica Saloni, RAK Ceramics, Porcelanosa Grupo, Mohawk Industries and Kajaria Ceramics. The revival of the global economy has been bolstered the global housing sector, which in turn, has led to growth in the global ceramic tiles market.

Speak with Analyst for any report related queries: http://www.futuremarketinsights.com/askus/rep-gb-1669

Long-term Outlook: The global ceramic tiles market is anticipated to increase at a CAGR of 9.3% during the forecast period to reach US$ 112.3 Bn in revenues by 2026 end. Asia Pacific will remain the most lucrative region during the forecast period, whereas residential replacement application segment will continue to account for the highest demand.

FMI Latest Insights: 

• Geocells Market: http://www.futuremarketinsights.com/reports/geocells-market
• Technical Textile Market: http://www.futuremarketinsights.com/reports/technical-textiles-market
• Biostimulants Market: http://www.futuremarketinsights.com/reports/biostimulants-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com

Website: http://www.futuremarketinsights.com

Press Release: http://www.futuremarketinsights.com/press-release