DUBLIN, Aug. 9, 2021 /PRNewswire/ — The “Global Ceramic Tiles Market, By Construction (New Construction and Replacement & Renovation), By End-User (Residential and Non-residential), By Application (Floor, Wall, Roof and Others), By Region, Competition, Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Ceramic Tiles Market is projected to grow from USD123 billion in 2020 to around USD144 billion by 2026
Rising demand in construction owing to the development of high-rise commercial and residential buildings in growing economies, increasing capital inflow into the real-estate sector, and growing infrastructural development and construction activities are expected to positively influence the Global Ceramic Tiles Market in the coming years.
The Global Ceramic Tiles Market can be bifurcated into construction type, end-user, application and region. On the basis of construction type, the market can be segmented as new construction and replacement & renovation, where new construction segment is having a share of 63% due to rise in urbanization.
Moreover, new buildings in emerging economies are stated to drive the market. In terms of end-user, the market is segmented into residential and non-residential sectors where the market share of residential sector is 64%. The ceramic tiles in residential sector are used for applications in areas such as apartments, houses, balconies and wet areas like restrooms, kitchens, and laundry…
