The escalation in the construction rates of residential and non-residential properties globally is spurring the growth of the cement tiles market. Market reports associated with the construction industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is anticipated to develop at a CAGR of 6.70% in the forecast period.
The usage of cement tiles in various structures and their popularity is driving the development of the market in the forecast period. Their usage in hospitals, hotels and pharmaceutical industries is expected to increase the growth traction of the market for cement tiles. Advances in the production of cement tiles due to the incorporation of modern technology are expected to motivate the cement tiles market in the coming years.
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Segmental Analysis
The segmentation of the Cement Tiles Market Size is carried out on the basis of type, application, and region. On the basis of type, the cement tiles market is segmented into S corrugated tile, tile, and flat tile. On the basis of application, the cement tiles market is segmented into commercial, residential, industrial. The regions included in the cement tile market are North America, Asia Pacific, Europe and the rest of the world.
Detailed Regional Analysis
The regional analysis of the market for cement tiles is projected to grow favorably by the end of the year 2023. In terms of growth, the Asia Pacific region is expected to control a major market share and will carry on its control on the cement tiles market over the forecast period. This growth can be attributed to the growth in the construction industry and speedily mounting urban population. Furthermore, the governments’ focus on housing and infrastructure development, with initiatives such as rural employment guarantee, and inexpensive housing in the urban & rural areas under schemes are expected to fuel the cement market demand in the coming years.
Competitive Analysis
The expansion of a strong value chain is additionally motivating the development of the market. The vertical supplements and product tactics of the market are advancing the potential of the market players. The growth of the market is moving in a promising direction due to new product introductions or intensifying gross revenue of the players in the market. Increased conformity of market players to new customers and market trend inclinations are boosting the growth curve of the market and will persist in the forecast period. The tactical goals intended for the market are buoyed due to advantageous product differentiation carried out by market contestants. Substantial cuts in administrative costs are inducing further expansion of the market. The effective implementation of strategies is likely to stimulate the market in the coming years.
The significant companies in the cement tiles market comprises of Harmouch (Egypt), GranitiFiandre S.p.A. (Italy), Ultra Tile (India), Villa Lagoon Tile (U.S.), Ross Roof Group (New Zealand), Lafarge (France), Avente Tile (U.S.), Vande Hey Raleigh Mfg., Inc. (U.S.), Boral (U.S.), and Uni-Group (U.S.).
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Industry Updates:
Oct 2018 Mosaico, which manufactures decorative tiles has announced its official launch in the UAE. They have a product range consisting of high-quality decorative cement tiles. Mosaico’s facility in Ras Al-Khaimah makes handcrafted custom-made cement tiles that aim to reintroduce and infuse new life to the century-old environmentally friendly method.
Sep 2018 Sino Zimbabwe Cement Company has commissioned its brick and tile manufacturing plant, which is currently 80 percent complete. Sino Zimbabwe Cement is also increasing its workforce once the plant is commissioned. Sino Cement Zimbabwe is working at 90 percent and will be scaling up production in the future. The company has a workforce of close to 400 and is producing 300 000 tonnes of cement annually against national demand of almost 1,1 million tonnes.
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