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According to a new report published by Allied Market Research, titled, “India Ceramic Tiles Market by Type, Application, End User, and Construction Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the India ceramic tiles market size was valued at $3,720.2 million in 2019, and is projected to reach $7,144.7 million by 2027, growing at a CAGR of 8.6% from 2020 to 2027.Download PDF Brochure @
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In 2019, by type, the ceramic tiles segment accrued the largest share in the India ceramic tiles market. In addition, the expansion of the residential construction sector and growth in urbanization throughout the country fuels the demand for ceramic tiles. Similarly, based on volume, the ceramic tiles segment registered the highest CAGR. In addition, increase in use of ceramic tiles as a substitute to other products in residential applications, such as marble, paints, and glass, is expected to fuel the demand for ceramic tiles in the near future. However, stringent regulations pertaining to emissions of exhaust gases during the production of these tiles is expected to restrain the market growth. Thus, introduction of environment-friendly production processes is expected to offer lucrative opportunities for the market players.
The growth in urbanization boost the demand for residential and commercial construction market in the country, which has fueled rapid growth for the India ceramic tiles market. The recovery and growth in the construction industry is one of the major factors that drive the growth of the India ceramic tiles market. High demand for residential and commercial structure has significant impact on the growth of the India ceramic tiles market.
Top 10 Companies
The key players profiled in the India ceramic tiles market report include Kajaria, Somany, Prism Johnson, Asian Granito, RAK Ceramics, Simpolo, Varmora, Orient Bell Ceramics, Nitco Tiles, and Sun Heart.
Covid-19 Impact Analysis
However, COVID-19 pandemic has shut-down the production of ceramic tiles in India, mainly owing to the prolonged lockdown in two quarters of year 2020. This has hampered the growth of India ceramic tiles market significantly from last few months, as is likely to continue during 2020. Moreover, the COVID-19 has already affected the residential and commercial construction industry in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
Key Findings
The report provides an extensive analysis of the current and emerging India ceramic tiles market trends and dynamics.
By type, the ceramic tiles segment dominated the India ceramic tiles market, in terms of revenue in 2019, and others segment is projected to grow at a CAGR of 9.7% during the forecast period.
By end-user, the residential segment registered the highest growth in the market in 2019.
The floor tiles segment is projected to register the highest growth rate in the coming years.
The report provides an extensive analysis of the India ceramic tiles market trends and emerging opportunities of the market.
In-depth India ceramic tiles market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
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Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89034106
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