Market Trends of Asia-Pacific Ceramic Tiles Industry
China is One of the Leading Producers of Ceramic Tiles in Asia- Pacific Region
China is a major ceramic tile-producing country in the Asia-Pacific region. The main drivers of market growth in China are low production costs and abundant raw material availability. The increasing population in the region and the growing urbanization resulted in the increasing infrastructure development in the region. Ceramic tiles are increasingly used in the country in residential and commercial green buildings to improve indoor air quality, achieve energy efficiency, and save water. Thus, a considerable growth rate is estimated to be recorded in China during the forecast period.
New Construction Segment is Driving the Market
The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. Installing ceramic tiles in new constructions is easier and more cost-efficient than in replacement & renovation activities. The ceramic tiles market for new construction activities shall witness maximum gains over the forecast timespan. It can be attributed to the rising Asian-Pacific construction business, which led to an exponential demand for ceramic tiles in residential and institutional construction projects. An increase in new construction activities in Asia-Pacific, especially in China and India, is the major factor that is expected to drive the demand for ceramic tiles.
