The global ceramic and natural stone tiles market size is expected to reach USD 567.61 billion by 2028 growing at a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Easy installation and availability in a wide range of options in terms of color and dimensions are projected to augment the product demand over the forecast period.
A positive outlook of the construction industry on accounts of rising residential and non-residential building construction activities is expected to favor the market growth. Moreover, growing consumer preference for these products in flooring, decorative wall, and various internal & external applications supported by the rising demand for low-maintenance construction materials is projected to augment the market growth. Rapid urbanization coupled with an evolving consumer lifestyle is also expected to generate new growth prospects for the companies in this industry.
Stringent environment regulations have led to an increase in R&D activities and the development of eco-friendly products, which is also expected to boost the market growth in the years to come. In addition, an initiative taken by the Government of Italy to promote the ceramic industry is expected to offer several growth opportunities over the forecast years.
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Ceramic And Natural Stone Tiles Market Report Highlights
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Ceramic And Natural Stone Tiles Market Segmentation
Grand View Research has segmented the global ceramic and natural stone tiles market on the basis of product and region:
Ceramic & Natural Stone Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 – 2028)
Ceramic & Natural Stone Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 – 2028)
List of Key Players of Ceramic And Natural Stone Tiles Market
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