Market Trends of China Non-Resilient Floor Covering Industry
This section covers the major market trends shaping the China Non-Resilient Floor Covering Market according to our research experts:
Construction Market At China Witnessing Biggest Driver of China Non-Resilient Floor Covering Market
China has become the largest construction market in the world. In 2020, the construction industry value in China amounted to 1,049 billion U.S. dollars. In 2020, the construction industry accounted for around 7.2 percent of China's gross domestic product. A significant share of the country's economy relies on real estate and infrastructure construction. Especially in times of economic downturn, policymakers fall back on infrastructure investments to boost economic output. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth at around five percent annually.
China Leads the Ceramic Tile Export Worldwide Witnessing Growing China Non-Resilient Floor Covering Market
Asia-Pacific region is one of the largest producers of ceramic tiles in the world. Three out of the five top manufacturing countries are in the region with China leading the overall manufacturing followed by India, Brazil, and Vietnam. In addition to being the world-leading manufacturer of ceramic tiles, China is also the leading exporter of ceramic tiles during 2018 and exported around 3.6 million metric tons of porcelain products for domestic use. These exports alone valued over USD 10 billion.
Export of Ceramic tiles by China is recorded to be highest 622 Million sq. mtr. followed by India, Spain, Italy exporting 437, 422, 318 Million sq. mtr. respectively in 2020
