The global vitrified tiles market size is eyeing for a 4% CAGR during the forecast period (2017-2023), claims Market Research Future (MRFR). The report further includes the possibility of exceeding the market valuation by the end of 2023. Vitrified tiles exhibit low porosity and are ceramic in composition. These tiles are substantially proving itself as an alternative for marble and granite flooring. As added qualities, these tiles are water-resistant and frost-resistant. The manufacturing process includes a blending of clay, quartz, feldspar, and silica and then hydraulic pressing of mixtures.
The market is witnessing surging demand due to the increase in the construction and building sector. Rapidly increasing instances of urbanization in developing countries are one of the major factors that are bolstering the growth of the construction segment. This has given rise to the demand in residential and non-residential buildings. At the same time, per capita income has also increased due to which consumers can now afford such homes. On the other hand, industrialization has led to a paradigmatic shift in lifestyle by bringing in a lot of crowd to urban areas. These places are now thriving on the demand for aesthetically pleasing and long-lasting products which vitrified tiles can easily provide. Smart homes are also making the product a part of their construction as its ability to save energy and manage room temperature is beneficial for the technology that controls power.
MRFR’s analysis of the global vitrified tiles market segments the market by type and end-user. This allows a closer look at the market for a better understanding of the upcoming trends and prospects in coming years.
Based on the type, the vitrified tiles market can be segmented into double-charged vitrified tiles; full body vitrified tiles, soluble salt vitrified tiles, and glazed body vitrified tiles. The glazed body vitrified tiles segment is expected to dominate the global market due to its luxurious appearance and better durability.
Based on the end-user, the vitrified tiles market can be segmented into residential, commercial, and others. The residential segment is witnessing growth in the market owing to the increase in the building sector. Rapid urbanization is one of the major reasons to trigger such expansion. However, the commercial segment is also burgeoning.
The geographical analysis of the global vitrified tiles market, as per the report of MRFR, contains the study of, namely, North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
North America’s market growth is expected to soar high with the rapidly increasing construction sector. High investment capacity is also providing much traction to the market. In addition, companies in the region, involved in manufacturing, are getting access to cutting-edge technologies owing to which production time is reducing, and product variety is increasing. Europe’s market is expecting substantially big. Economic growth in the region and the presence of several developed countries are pushing out the boundary of the regional market further.
The APAC market is the fastest growing region for the duration period. Population boom and declining interest rates are providing considerable market expansion scope to the regional vitrified tiles market. Rising economic growth is also increasing buyers’ affordability.
Influential companies with several ceramic tiles market strategies are impacting the market in a better way. These companies, as MRFR profiled in the report, are Lamosa Group (Mexico), Ceramica Carmelo Fior Ltda. (Brazil), Mohawk Industries Inc. (U.S), Siam Cement Group (Thailand), Ras Al Khaimah (RAK) Ceramics (UAE), PT Arwana Citramulia Tbk (Indonesia), ALTAECO S.p.A. (Italy), Asian Granito India Ltd. (India), ABK Industrie Ceramiche SpA (Italy), and Casalgrande Padana S.p.A. (Italy).
The global vitrified tiles market is constantly evolving. Several technologies are making a mark and providing an edge to manufacturers in terms of production process and features. The market is bound to benefit from a surge in a new application in the manufacturing sector. It has included features like 3D printing, digital printing, anti-microbial glazes, nanotechnology, and water jet technology which would lessen prices of end-products and reduce manufacturing time.