Research and Markets(http://www.researchandmarkets.com/research/rqftk8/ceramic_tiles) has announced the addition of the “Ceramic Tiles Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018” report to their offering.
Ceramic tiles are primarily used as floor tiles in residential replacement applications, which accounted for approximately 54% of the total ceramic tiles consumed in 2011. Floor tiles accounted for approximately 52% of the total ceramic tile products consumed in 2011. In the residential replacement industry, ceramic tiles are used for many purposes such as designing, floor and wall fittings, protection from rain and moisture, and other environmental hazards. Residential replacement, besides having maximum market share, is also expected to be the fastest growing application segment of ceramic tiles at a CAGR of 8.6% from 2012 to 2018. Similarly, the floor tiles product category within the ceramic tiles market boasts the maximum share and has the fastest growth at a CAGR of 8.6% from 2012 to 2018.
Floor tiles were followed by wall tiles, and other tiles that include countertop, façade, and so on, respectively. Wall tiles alone accounted for approximately 40% of the total ceramic tiles market in 2011. The global demand for wall tiles is expected to reach 7,096.4 million square meters by 2018, growing at a CAGR of 8.0% from 2012 to 2018. The increasing applications of all types of ceramic tiles are expected to drive the global ceramic tile market.
Asia Pacific emerged as the leading market for ceramic tiles and accounted for 66.65% of the global demand in 2011. Asia Pacific along with being the biggest market is also the fastest growing market for ceramic tiles, growing at a CAGR of 8.8% in terms of volume from 2012 to 2018.
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