Sellbyville, DE -- (SBWIRE) -- 11/06/2018 -- Ceramic tiles market for wall might witness gains exceeding 9.5% over the forecast timeframe. Wall tiles are sunlight resistant which helps in retaining its color for extended years. Also, these are available in a wide spectrum of colors which makes them desirable in walls. These are widely used in kitchens owing to their easy to clean characteristics.

Ceramic Tiles Market size is set to reach USD 178.16 billion by 2024. Robust growth in flooring industry, which is an essential portion of residential and commercial structure including airports, railway stations and hospitals, will boost ceramic tiles market share by 2024. In addition, flooring market size in Europe was roughly 3 billion square meters in 2015.

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Global ceramic tiles market share should reach USD 178.16 billion by 2024, with estimated gains at over 9.8% CAGR. In 2015, floor ceramic tiles market share was valued at over USD 39 billion. Enhanced product quality including shock &thermal resistance and high durability compared to hardwood and other flooring material will drive industry growth by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Siam Cement Group
Mohawk Industries
Lamosa Grupo
Ras Al Khaimah Ceramics
Kajaria Ceramics
Florida Tile
Crossville
Ceramiche Atlas Concorde S.P.A.
China Ceramics

Increasing construction spending globally is the key factor driving global ceramic tiles market share over the forecast timeframe. Asia Pacific, mainly led by China, Japan and India construction business is experiencing robust growth owing to boost industry growth. China was the major industry contributor, with construction expenses over USD 1.7 trillion in 2015. Government initiatives towards infrastructure development, rising disposable income and high population density are some of the other factors which are positively influencing construction sector, consequently stimulating ceramic tiles market size.

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Ceramic tiles market for wall might witness gains exceeding 9.5% over the forecast timeframe. Wall tiles are sunlight resistant which helps in retaining its color for extended years. Also, these are available in a wide spectrum of colors which makes them desirable in walls. These are widely used in kitchens owing to their easy to clean characteristics.

In 2015, ceramic tiles market size for residential replacement application was valued more than USD 36 billion. Rising remodeling spending to enhance floor &wall appearances will drive growth.

In 2015, North America, mainly led by the U.S, generated revenue above USD 1.4 billion. Inclining remodeling activities laterally with forthcoming construction projects, including both residential and commercial buildings, are the major drivers for regional ceramic tiles market share.

Asia Pacific will experience highest growth at over 10%. Growing construction spending in China, Japan and India will drive regional ceramic tiles market size. Furthermore, drifting trend towards replacing marble floors, metal slabs and paints will further drive regional growth.

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In 2015, ceramic tiles market share was fragmented. Siam Cement Group, Mohawk Industries, Lamosa Grupo, Ras Al Khaimah Ceramics and Kajaria Ceramics are significant industry share contributors. Other industry participants are Florida Tile, Crossville, Ceramiche Atlas Concorde S.P.A. and China Ceramics.