Market Trends of Israel Ceramic Tiles Industry
Wall Application Segment is Gaining More Significance in the Current Scenario
To capture the dynamic customer preferences, interior designers no longer confine ceramic tiles to flooring applications in the kitchen and bathroom areas in residential use. They prefer them in non-conventional areas like living rooms and bedrooms. Along with the floor tiles, the latest rage is wall tiles chosen by customers for beautifying their walls and facade cladding, replacing paints which were the only option available earlier. Tiles resistant to stains and dirt can be cleaned with a damp mop, sponge, or common household cleaners. Hence, these are preferred in living areas, walls, floors, or facades. Also, manufacturers focused on making various products that will catch customer interest. Wall tiles with extra sheen and glossy surfaces, which will illuminate a dull room and enhance the style quotient of the living area, are gaining more significance in recent times.
Increased Government's focus to Expand Residential Construction Sector is Forecasted to Drive the Market
The Ministry of Construction and Housing and the Israel Land Authority (ILA) said that some 30,000 affordable housing units would be listed for sale in 2022, starting with 10,000 units on the market. In fact, for nearly a decade, the average number of buildings constructed annually was 325 000, which according to estimates, contributed to an accumulated deficit of over 100,000 units. To overcome this, the Israeli government announced the "Design and Build" program, which facilitates the large-scale development of Residential Areas. This program focuses on shortening the construction period and reducing costs by implementing advanced construction methods in large residential projects. It also allows foreign construction companies to construct large-scale residential projects, which helps to expand building activity and increase productivity in the residential construction sector.
