Impact of Covid-19 Outbreak on Cement Tiles Market

12/giu/2020 08:24:49 Automotive Market Research Reports Contatta l'autore

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The global cement tiles industry is anticipated to garner a CAGR of 4.12% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. Cement tiles are also referred to as concrete tiles and hydraulic tiles and are generally formed by local manufacturers. These tiles use recycled elements like recycled aggregate, crumpled glass, and silica fume. They are colorful handmade tiles, which are extensively used for floor and roof coverings. These tiles have been highly preferred for decades for residential as well as non-residential construction. Cement tiles are highly used as they are available in several textures, sizes, shapes, and color.

Market Potential and Pitfalls

The global cement tiles market is dynamic and is anticipated to register high growth during the assessment period. The surging focus on infrastructure and construction development has made cement popular among manufacturers. This has led to sustained growth in the housing sector, mounting demand in the cement industry, and government focus on infrastructure, thus resulting in enhanced efficiency, logistics, and transportation. Cement tiles are high in demand due to surging popularity among the consumers, ease of maintenance of ceramic tiles, and durability. The growing number of laboratories, hospitals, and residential buildings has further contributed to the growth potential of the market in the foreseeable future.

Cement tiles provide an economical solution for fireplaces, decorating walls, porch, swimming pools, gardens, and parking. This is one of the major factors that make cement tiles one of the best materials when it comes to cost-effective construction. Burgeoning construction industry spurs the cement tiles market. Technological advancements through extensive R&D will lead to the development of eco-friendly manufacturing processes, which will further encourage the market growth.

On the contrary, the surface of cement tiles is unfit for some locations due to its hard tile surface covering. The manufacturing process of cement tiles uses a significant amount of energy and emits a huge amount of carbon dioxide. Such factors are likely to restrict the market growth in the foreseeable future.

Global Cement Tiles Market: Segmental Analysis

The global cement tiles market is segmented on the basis of type and application.

By type, the cement tiles market is segmented into corrugated tile, S tile, and flat tile.

By application, the cement tiles market is segmented into industrial, residential, and commercial. Of these, cement tiles are highly used in the residential segment due to the ever-increasing population, resulting in the construction of buildings.

Regional Frontiers

Geographically, the global cement tiles market spans across the Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Considering the global scenario, Asia Pacific holds strong growth opportunities due to the current boom in the construction industry. The rapidly increasing urban population is further contributing to the growth of the regional market. Governments in this region are highly emphasizing on the development of infrastructure and housing with initiatives like low-cost housing and rural employment guarantee in rural and urban areas. This further encourages the market growth in the APAC. The soaring number of construction projects in emerging nations of the region is likely to spur the market growth.

Industry Updates

July 2019: One of India’s top producers of ready-mix concrete and cement, ACC Limited, has been awarded the first Indian Circular Economy Awards 2019 in the Large Enterprise category, which was instituted by the FICCI. The award identified ACC’s contributions in the area of Circular Economy and Sustainability.

Competitive Dashboard

The players dominating the global cement tiles market include GranitiFiandre S.p.A. (Italy), Lafarge (France), Ross Roof Group (New Zealand), Ultra Tile (India), Avente Tile (U.S.), Harmouch (Egypt), Vande Hey Raleigh Mfg., Inc. (U.S.), Villa Lagoon Tile (U.S.), Boral (U.S.), and Uni-Group (U.S.).

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