The outlook of the global cement tiles market looks extremely promising, witnessing production capacity expansion. Vast consumption of a wide range of cement tiles in the rapidly growing construction industries worldwide allows the market to meet through internal accruals. In last 4-5 years, investments have been increased, and private investment has led to public investment.
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The real estate sector is likely to do well in 2022, and investors are seen attracted to ancillary industries like cement, tiles, plywood, wires & cables, consumer durables, etc. There will be more demand due to the nuclearization of families amid low-interest rates. Consumer affordability has improved, and house prices have remained constant. All this together would enable higher demand for real estate.
The Key Players of global cement tiles market includes
Lafarge (France), GranitiFiandre S.p.A. (Italy), Ultra Tile (India), Ross Roof Group (New Zealand), Harmouch (Egypt), Avente Tile (U.S.), Villa Lagoon Tile (U.S.), Vande Hey Raleigh Mfg., Inc. (U.S.), Boral (U.S.), and Uni-Group (U.S.)
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.
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Regional AnalysisMarket Research Future analysis shows that the global market of cement tiles is estimated to grow at USD XX billion by the end of year 2023. In terms of geography, Asia Pacific accounted for a major market share, will continue to dominate the market in the forecast period. This is because of the growth in construction industry, and rapidly rising urban population. Moreover, Governments' focusing on housing and infrastructure development, with initiatives such as rural employment guarantee, and low cost housing in urban & rural area under schemes, fuel the cement market demand. .
The report for Global Cement Tiles Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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The cement tiles market analysis is segmented into types, technologies, applications, and regions. The type segment is bifurcated into S tiles, corrugated tiles, flat tiles, and others. The application segment is bifurcated into residential, commercial, industrial, and others. By regions, the market is divided into the Americas, Asia-Pacific, MEA, Europe, and rest-of-the-world.
The cement tiles market witnesses several strategic initiatives, such as mergers & acquisitions, collaboration, expansion, and product launches. Leading industry players make huge investments in R&D activities and expansion plans.
For instance, recently, on Nov.15, 2021, Walker Zanger Studio launched a budget-friendly cement tile collection with colorful patterns to create statement-making spaces. The tile manufacturer has introduced a new cement material in its new affordable collection with glass, ceramic, and natural stone products. The collection's artisan-crafted patterns offer contrasting shades of deep greys, blacks, blues, and greens, with a refreshing burst of yellow.
In another instance, on June 16, 2021, Biomason, a leading cement manufacturer, announced its partnership with H&M Group's Circular Innovation Lab to advance its environmentally friendly alternative to traditional cement. Together companies would develop a prototype of the floor tiles and accelerate the testing and use of more sustainable materials throughout the company's business.
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Biomason's biocement technology is ushering in a new era of construction using carbon as a building block rather than emitting it as a byproduct. The partnership would position Biomason at the forefront of employing biology to solve global climate challenges in cement and concrete.
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