CERAMIC TILES MARKET ANALYSIS

Regional Analysis

MARKET OUTLOOK

Among regions, Asia Pacific is estimated to hold dominant position in the ceramic tiles market over the forecast period, owing to rising construction activities in countries such as India and China. For instance, as per India Brand Equity Foundation (IBEF), the real estate sector of India was valued at US$ 120 billion in 2017, and is expected to reach US$ 1 trillion by 2030. Moreover, government initiatives and increasing investments in infrastructure activities in emerging economies such as China, India, and others are the key factors, which is expected to drive growth of the ceramic tiles market. For instance, Government of India launched 'Housing for all scheme' in 2015. The scheme plans to provide affordable houses to all eligible families by 2022. This is expected to boost the construction industry growth, in turn aiding in growth of the market.