According to IMARC Group’s latest report, titled “Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global ceramic tiles market reached a value of US$ 70.49 Billion in 2020. Ceramic tiles refer to the slabs that are produced from naturally occurring minerals, such as clay, silica sand, feldspar, dolomite, etc. These panels offer high tensile strength, cost-effectiveness, better durability, and improved aesthetic value. Furthermore, ceramic panels also provide high resistance against frost, UV, fire, water, etc. These ceramic panels have gained high prominence due to their wide availability in various designs and patterns. They are extensively used in countertops, benchtops, flooring, wall cladding, etc.
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The rising demand for ceramic tiles due to their lightweight, perfect flatness, and excellent mechanical properties, is primarily bolstering the market growth. Besides this, growing number of construction activities for commercial spaces, shopping malls, hospitality centers, etc., has also augmented the use of ceramic panels. Additionally, improving consumer living standards have increased the per capita expenditures on high-end construction materials, such as ceramic panels. Moreover, the rising adoption of ceramic flooring due to its superior durability and chemical/stain resistance properties is also fueling the product demand across several industry verticals. Furthermore, based on the antibacterial, anti-slip, and water-resistant benefits of ceramic panels, they are widely utilized in the healthcare sector. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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