The global ceramic tiles market size is projected to reach USD 82.83 billion by 2026, attributable to rising in construction activities worldwide. Ceramic tiles offer functions such as scratch-resistance, slip-resistance, and cracking resistance, and are appealing aesthetically. Fortune Business insights™ provides a comprehensive overview of the market in their recently published report The ceramic tiles market size was USD 57.26 billion in 2018 and will rise at a CAGR of 4.7% between 2019 to 2026.
Information Source- https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
Asia Pacific to Emerge Dominant Owing to Rapid Construction and Renovation Activities
On the other side, the market in North America will witness significant growth in the forecast period owing to the rising trend of customization and personalization for households and commercial spaces in the developed nations of the region. In 2018, this region earned USD 4.00 billion. Furthermore, the increasing demand for energy-efficient and green buildings for utilization as government and business offices are likely to add impetus to the market in the coming years.
Geographically, Asia Pacific emerged as the largest ceramic tiles market shareholder on account of the presence of the largest consumer and manufacturer in the region. Additionally, the rapidly evolving construction industry is also making a considerable contribution to the market in terms of the increasing trend for construction and renovation activities in the region.