Block Tiles are multipurpose products that have varied applications across different geographies and End-User Industries. There are several driving factors for the Growth in the Market across the World. Most prominent is the increasing Construction Activities, supported by the Growing Need for Housing.
In the Developing Economies, like the countries in the Middle East and Asia-Pacific, Rapid Urbanization and rise in Disposable Incomes contribute significantly to the market dynamics.
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The Ceramics Block Tiles Market is segmented by
-Product (Glazed, Porcelain, Scratch-free, and Other Products)
-Application (Floor Tiles, Wall Tiles, and Other Applications)
-Construction (New Construction and Renovation)
-End-User (Residential and Commercial)
-and Geography (North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa)
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Regional Growth in Block Tiles Business:
Government has laid a lot of emphasis on the Construction Industry and development of Infrastructure Facilities as they are a priority at present. Providing Housing to one and all is also an all-time priority. All these activities call for landscaping provision of garden path for the area and provision for Paved Foot Paths. Even, Bus stops carriage ways also require Paved Paths. All these necessarily need cement concrete blocks/Tiles. The Demand for such blocks and tiles is generally from Urban and Semi Urban Areas.
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With massive urbanization work taken up by the government and providing better facilities to population the demand for these concrete products is bound to grow.
China, Japan, and India's Construction Business are experiencing robust growth owing to the growth in the Asia-Pacific and Global Market. Rising Disposable Income and High Population, along with other factors are positively influencing the construction sector, which in turn, is driving the Ceramic Tiles Market.
The ceramics tiles market accounts for about 80% of the non-resilient flooring market.
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According to Global Ceramic Tile Market report, the ceramic block tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. The ceramic tiles market has been growing due to growth in population, rise in disposable income, growth in renovation & remodeling activities, and increase in investments in the residential and commercial sectors.
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Demand for block tile is driven by Expanding Construction Sector across the regions. Commercial and residential construction is on an expansion path in the majority of countries.
Dominating Countries and Major Manufacturer:
Asia-Pacific is the Fastest-Growing Market and is expected to dominate the Global Ceramic Tiles Market throughout the forecast period. As stated, Rapid Industrialization and Urbanization along with cost benefits are the prime reasons for the growth of the ceramic tiles market in the Asia-Pacific region. In terms of volume, China and India Dominate the Global Ceramic Tiles Market.
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In April 2021, M S International Inc (MSI), the leading supplier of flooring, wall tiles, countertops, and hardscaping products in North America announced the expansion of the already extensive and ever-growing assortment of over 100 Q Premium Natural Quartz products. The launch included five of the newest, on-trend marble-look quartz colors, representing both light and darker tones to suit any style.
Reason for Block Tile Business Growth:
The increasing population is one of the Prime Factors for the Increase in Demand for the ceramic tiles market. Moreover, the Population Shift from Rural to Urban Areas in the world has elevated the growth rate even further. The total world population is expected to reach 9.5 billion by 2050, where the Urban Population will account for at least 66.4% of the total, as stated by the United Nations’ Population Division.
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A positive shift in the Living Standards will require improved Hygiene and Sanitation. Also, the growth of the organized retailing sector is expected to have a positive impact on the ceramic tiles market in the next few years.
Conclusion:
Niir Project Consultancy Services (NPCS) provide detailed project reports, Books, Business Plan for Manufacturing Plant, Start-up Ideas, and Business Ideas for Entrepreneurs, etc. You can also get the detailed project report on “Block Tiles” all the project reports give reliable data on analysis of market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements.
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