Demand for housing and commercial construction is rising due to growing economies, urbanisation, higher per capita income and expenditure, GDP growth, population growth and other factors that are increasingly seen in emerging economies such as India, China and Brazil, as well as in African and Latin American developing countries, among others.
In addition, the use of ceramic tiles meets the need for enhanced aesthetics, structural stability and sustainability without a major price increase. This has contributed to the development of a higher number of buildings on walls and floors using ceramic tiles. The overall market for ceramic tiles has collectively boosted these factors.
As these can be used as replacements for paint, marble and other similar items, the demand for ceramic tiles used for residential replacement has increased. Segment growth is likely to be hindered by government regulations relating to exhaust gases released during the ceramic tile manufacturing process. The manufacture of ceramic tiles typically requires high temperatures in the range of 2000-25000 C. In order to generate such high temperatures, a large amount of fuel is needed. This leads to significant atmospheric CO2 emissions.
Owing to the growing number of strict government regulations relating to greenhouse gas emissions, many businesses have invested substantially in the creation of new environmentally friendly manufacturing processes. Industry participants have concentrated in the recent past on capacity expansion to increase their production capacity.
The key strategies of ceramic tile manufacturers worldwide during the forecast period will remain expansion through multiple business alliances and product portfolio globally, concentrating on sustainability, aiming at growth through new product creation and strategic acquisitions.
Foreign trade is a vital factor that supports the overall demand for ceramic tiles. This is particularly true in European markets, where production is considerably lower and import penetration rates are close to 70 percent. Imports, trends and shapes are key points when purchasing tiles from suppliers.
In spite of the projected downturn in the construction sector in the midst of the pandemic, the study by Future Market Insights notes that several governments are making the provision of an Alternative Investment Fund (AIF) to provide financing for construction projects that are halted.
We have also used ceramic tiles from top manufactures to build or in kitchen,bathrooms.We can also choose between different colors of vynil flooring and parquet.