Over the recent years, the global vitrified tiles market has been witnessing consistent development. The reports published by Market Research Future reveals that the global vitrified tiles market is likely to expand at 4% CAGR during the forecast period. The worldwide vitrified tiles market is mostly driven by the rapid growth in the construction sector. The increasing demand for deluxe flooring tiles plays a significant role in propelling the vitrified tiles markets. Vitrified tiles are a variety of ceramic tiles that contains low porosity and can be used as a substitute for granite and marble flooring. These are usually applied in outdoor flooring owing to their frost and water resistance attributes. They are fabricated by hydraulic pressing of mixtures such as quartz, clay, silica, and feldspar that offers a vitreous exterior over the tile. Additionally, the prominent growth in the real estate sector is one of the key factors accelerating the vitrified tiles market. Surging demand for non-residential and residential buildings, has had a substantial effect on the demand of vitrified tiles, as they find application in the walls and flooring of the buildings. Vitrified tiles are often used as an alternative to granite and marble flooring. —
Besides, the growing urbanization, increasing incomes from economic growth collectively with surging population have propelled the demand for the construction market in different regions. This has accelerated rapid growth for vitrified tiles market. Presently, the world is experiencing a lot of technological progressions with respect to product features and production processes. These progressions help the businesses to attain competitive edge over their rivals. Technologies such as water jet, digital printing, nanotechnology, 3D printing, and anti-microbial glazes are gradually taking over the conventional techniques. Likewise, the popularity of smart homes has integrated several innovative thermal tiles such as cooling, energy saving, and warmth generating tiles. These are gradually gaining significance specifically in residential buildings. As the vitrified tiles possess all the required specifications, its demand in the construction industry is witnessing an impressive growth.
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The global vitrified tiles market is dominated by key players such as Lamosa Group (Mexico), Ceramica Carmelo Fior Ltda. (Brazil), Ras Al Khaimah (RAK) Ceramics (UAE), Mohawk Industries Inc. (U.S), ABK Industrie Ceramiche SpA (Italy), Siam Cement Group (Thailand), PT Arwana Citramulia Tbk (Indonesia), ALTAECO S.p.A. (Italy), Casalgrande Padana S.p.A. (Italy), and Asian Granito India Ltd. (India).
Global vitrified tiles market has been segmented based on end-user, geography, and type. Based on end-user, the market is segmented into commercial, residential, and others. Based on geography, the market is segmented into Asia-Pacific, North America, Europe, and Rest of the World. Based on type, the market is segmented as full body vitrified tiles, double charged vitrified tiles, glazed body vitrified tile, and soluble salt vitrified tiles. Glazed body vitrified tile is estimated to witness the largest growth rate over the forecast period. The growth is due to extravagant appearance and high resilience.
The North America market is witnessing increased capital allocation in the real estate sector throughout 2019. Additionally, the region is experiencing accelerating investments in the real estate sector with the introduction of modes such as real estate private equity funds, REITs, mortgage debt funds, crowd-sourced investments, and commercial mortgage backed securities. Being a developed economy, the region focuses largely on improving the citizen’s lifestyle, working conditions, and the infrastructure of the region. All these factors attribute to a large extent towards the growth of the vitrified tiles market owing to its aesthetic appeal along with low porosity and water resistance attributes. Asia Pacific market is growing at a rapid pace owing to its increasing population coupled with the surge in per capita income. The expanding construction activities, rising preference for modern lifestyle collectively with the need for more railways and airports, drive the demand for vitrified tiles in the APAC market.
Scope of the Report
This study provides an overview of the global vitrified tiles market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the vitrified tiles market by its type, by end-user and by region.
List of Tables
Table 1 Global Vitrified Tiles Market: by Region, 2017-2023
Table 2 North America Vitrified Tiles Market: by Country, 2017-2023
Table 3 Europe Vitrified Tiles Market: by Country, 2017-2023
Table 4 Asia Pacific Vitrified Tiles Market: by Country, 2017-2023
Table 5 Row Vitrified Tiles Market: by Country, 2017-2023
Table 6 Global Vitrified Tiles Market, by Type, by Regions, 2017-2023
Table 7 North America Vitrified Tiles Market, by Type, by Country, 2017-2023
Table 8 Europe Vitrified Tiles Market, by Type, by Country, 2017-2023
Table 9 Asia Pacific Vitrified Tiles Market by Type, by Country, 2017-2023
Table 10 Row Vitrified Tiles Market by Type, by Country, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Vitrified Tiles Market Share, by Type, 2016 (%)
Figure 9 Global Vitrified Tiles Market, by Type, 2015-2023 (Usd Million)
Figure 10 Global Vitrified Tiles Market Share, by End-use, 2016 (%)
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Name: Abhishek Sawant
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Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Release ID: 88919510