Decorative Tiles Market Size, Trends & Growth Opportunity, Infrastructure Report Analysis 2020
Decorative tiles can be produced by using marble, ceramic, porcelain, or stones which are especially designed for all types of construction. Also, decorative tiles are designed to add aesthetic to the wall & floor. The aesthetics of these tiles make them appropriate for, countertops roofing, decorative walls and flooring purposes, as vibrant colors & mesmerizing patterns are hallmarks for decorative tiles. The increase in research and development activities as well as development of eco-friendly products which are expected to accelerate the global decorative tiles market growth during this forecast timespan.
The
increase in spending on renovation activities and favorable government
regulations as well as initiatives to boost infrastructure growth is expected
to contribute the growth of global decorative tiles market over the forecast period.
These products are available in the different colors and with various features
like light resistance,. Light resistance is helpful to hold their color for a
long time.
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The
growing demand for decorative tiles for use in residential and non-residential
buildings to enhance the appearance of households is a key driving factor which
is anticipated to propel the global decorative tiles market growth. Also, the
increase in urbanization, development of and the increasing spending on repair
activities are expected to fuel the demand for decorative tiles in the target
market. The increase in investments in infrastructure development in developed
and developing countries is driving building and construction &
reconstruction activities in developing and developed regions will positively
influence the market growth.
Fluctuating
supply and prices of raw materials may hinder the growth of global decorative
tiles market over the forecast period. Also, non-availability of skilled labor
is a major restraining factor which expected to hamper the market growth.
Decorative Tiles Market Segmentation
The Global Decorative
Tiles Market is segmented into product such as Ceramic Tiles, Stone Tiles,
Porcelain Tiles, and Others, by end use such as Residential, and
Non-residential. Further, market is segmented into application such as Walls,
Floors, and Others.
Also, the Global
Decorative Tiles Market is segmented into five regions such as North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The Asia Pacific is
anticipated to register the fastest growth in terms of revenue over the
forecast period due to factors like expansion of the construction sector, the
increase in spending on renovation activities, and growing demand from end-use
industries will positively influence the market growth in this region. The
Market in North America is also expected to hold significant revenue growth
during this forecast timeline on account of the increasing construction of
residential and non-residential buildings in this region.
Market Key Players
Various key players are
discussed in this report such as RAK Ceramics, Group Lamosa, The Siam Cement
Public Company Limited, Panariagroup Industrie Ceramiche SpA, Mohawk Industries
Inc., Kajaria Ceramics Limited, Pamesa Ceramica SL, Emser Tiles LLC, Seneca
Tiles, Porcelanosa Grupo, etc.
Market Segmentation Analysis
By Product
- Ceramic
Tiles
- Stone
Tiles
- Porcelain
Tiles
- Others
By End Use
- Residential
- Non-residential
By Application
- Walls
- Floors
- Others
By Region
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Middle
East & Africa
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