Impact of COVID-19 on the Global Ceramic Tile Market |Global Trends, Business Overview, Challenges, Opportunities and Forecast to 2023
Market
Synopsis
As per the research by Market Research Future
Reports (MRFR), the global ceramic tile market 2020 is majorly affected by the
construction sectors in private and public domains. There has been a surge in
disposable income, which propels the market for new construction and
renovation. Residential and private construction has been able to propel the
market for tiles in the construction sector. Besides, the growing investment
for infrastructural development across the world is anticipated to have a
positive impact on the expansion of the market. Furthermore, cheap maintenance
and higher resistance are other elements that affect the expansion of the
market.
The outbreak of COVID-19 has affected market
dynamics. The market has been affected negatively. There has been a negative
impression on the production and supply in the sector. We will provide COVID-19
impact analysis with the report.
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Market Segmentation
The
global ceramic tile market can be classified on the basis of raw material,
product, application, and region.
On
the basis of raw material, the global ceramic tile market can be classified
into silica sand, kaolin, feldspar, bentonite, and others.
On
the basis of product, the global ceramic tile market can be classified into floor ceramic tiles, wall
ceramic tiles, and others.
On
the basis of application, the global ceramic tile market can be classified into residential,
commercial, and others.
On
the basis of region, the global ceramic tile market can be classified into Asia Pacific, Europe, North
America, Latin America, and the Middle East & Africa.
Regional Analysis
The geographical analysis of
Asia Pacific, Europe, North America, Latin America, and the Middle East &
Africa has been conducted. As per the research by MRFR, the APAC region
acquires the maximum market share. The APAC region is estimated to dominate the
market with a promising CAGR during the review period. The involvement of
government, such as incentives and tax benefits, has played a significant role
in the regional expansion. Besides, the rapid expansion of industries and
urbanization is propelling the market in the emerging nations of the APAC
region.
Moreover, the presence of
the two fastest developing as well as the two largest populations of the world,
i.e., India and China, has further actuated the global construction market. In
the APAC region, China, Japan, and India are the largest consumers of ceramic
tiles in the region. The APAC region is a highly lucrative market and the most
suitable region for investment too. The second position is attained by North
America. As per the analysis, the U.S. and Canada are the first countries
contributing to the expansion. Due to the expanding construction sector in the
region, the market is augmenting at a fast pace. The third position is attained
by the European market. The European market is estimated to experience steady
growth during the review period. The E.U. has announced stringent rules and
regulations to curb the emission of greenhouse gas. The initiative taken by the
E.U. has negatively impacted the market and has caused the market to be
stagnant during the review period.
The outbreak of COVID-19 has
brought a significant impact on the regional market. The regions may take some
time to recover from the impression of the novel coronavirus.
Key Players
The forefront players of the
global ceramic tiles market are Mohawk Industries Inc (U.S.)., The Siam Cement
Public Company Limited(Thailand), Kajaria Ceramics (India), RAK Ceramics (Arab
Emirates), Roca Sanitario, S.A (Spain).,
Lamosa (Mexico), Guangdong Dongpeng Ceramic Co., Ltd (China).,
Panariagroup Industrie Ceramiche S.p.An (Italy), Gruppo Concorde (Italy), Pamesa Ceramica
(Spain), and few others.
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Edibles.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies, applications,
end users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send
Email
Phone: +1 646 845 9312
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