Ceramic Industry Perspective

The global ceramic tiles market was valued at USD 81.58 Bn in 2017 and is anticipated to expand at a CAGR of 9.7% from 2018 to  2026. The market is driven by the rise in construction activities in Asia Pacific. Asia Pacific accounts for a major share of the global ceramic tiles market, due to increase  in building and construction activities in the region.

Among regions, Asia Pacific held a major i.e. 68.1% share of the global ceramic tiles market in 2017 and its share is anticipated to increase during the forecast period, owing to surge in the demand for ceramic tiles from China, India and ASEAN. Asia Pacific is followed by Europe. Demand for ceramic tiles in Europe is increasing and the market in the region is likely to offer lucrative opportunities to ceramic tile manufacturers in the near future. North America accounted for 2.5% share of the global ceramic tiles market in 2017.

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