Skip to main content

Ceramic Tiles Market to be worth of US$ 1.8 Bn By 2017-2022




Tiles find wide-ranging applications in the construction sector. 

 They are used for covering floors, roofs, walls, and table tops of buildings. 

 The function of such tiles varies from providing protection and durability to enhance the aesthetic appeal of walls and buildings. 

 Tiles are made using various materials such as stone, metal, ceramic, and glass. 

 Tiles made from ceramic materials are referred to as ceramic tiles and find extensive applications in the construction business. 

 Based on application, ceramic tiles can be classified into floor tiles, wall tiles, industrial tiles, and vitrified or porcelain tiles. 

 Ceramic tiles are lightweight, corrosion-resistant, durable, they show consistency in color and easy to maintain. 

 These properties make them a much preferred option for use in the construction industry, which is driving the India ceramic tiles market. 

 Moreover, ceramic tiles are used to decorate homes. 

 This can present several opportunities in the market. 

 However, there is high volatility in the prices of raw material such as bentonite, feldspar, silica sand and kaolin. 

 This is a main restraint likely to hinder the growth of the India ceramic tiles market. 

 Other aspects such as emission of greenhouse gases and particulate matter while processing of ceramic tiles, especially during drying and machining operations, hamper the growth of the ceramic tiles market.

 Ceramic is non-metallic, inorganic, and typically crystalline in nature. 

 It is chemically composed of nitride or oxide or carbide materials. 

 Sometimes, partially crystalline elements such as silicon, glass, and carbon are also considered as ceramics. 

 Different ceramics are manufactured through specific processes, of which the common process is to heat and subsequently cool the material to a certain temperature. 

 Naturally, ceramics are strong, brittle and hard in compression, but are weak in tension and shearing. These properties make ceramics resistant to harsh environments and caustic or acidic materials.
Owing to these differentiating characteristics of ceramics, they find applications in a variety of products which are categorized as:
Structural: This includes ceramic applications in roof and floor tiles, pipes, and bricks

White ware: This includes ceramic applications in wall tiles, cookware, tableware, sanitary ware, pottery products, and more

Refractory: This includes applications in gas and fire radiant, kiln linings, glass and steel crucibles, and so on

Other: This includes all other applications of ceramics in various industries such as knife blades, disc brakes in vehicles, watch cases, and biomedical implants, among others

According to research report on the India ceramic tiles market, the market is anticipated to reach a value of about US$ 1.8 Bn by 2022 reflecting a sluggish CAGR during the forecasted period of 2017-2022.
Porcelain Ceramic Tiles Dominate the India Market
Porcelain ceramic tiles segment by product type is set to dominate the India ceramic tiles market. 
This segment is anticipated to reflect a higher market share of about 47.7% by the end of 2022 and also is expected to grow at a higher rate as compared to other product segments, and poised to register a CAGR of 2.7% throughout the period of forecast 2017 to 2022. 
It can be beneficial to consider India porcelain ceramic tiles market from an investment standpoint
Glazed and Unglazed Ceramic Tiles Experience Slow Growth
The glazed and unglazed ceramic tiles segments by product type experience slow growth rate as compared to porcelain segment, however, porcelain and glazed ceramic tiles segment do not have much of a difference with respect to growth rates during the period of forecast. 
However, it has a higher market share than glazed ceramic tiles. 
Unglazed segment is poised to reflect even slower growth than glazed segment. 
Both the segments are expected to lose BPS whereas porcelain segment poised to show higher gain in the BPS by the end of 2022
Commercial Segment Surpasses Household Segment
The commercial segment by application is poised to register a faster growth compared to the household segment and is anticipated to reach a CAGR of 2.7% throughout the period of forecast of 2017 to 2022. 
This segment is also expected to show higher gain in the BPS by the end of 2022
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the India ceramic tiles market through 2022, 
which include

Harvi Exports, 
We believe transformative intelligence can educate and inspire businesses to make smarter decisions. 
Labels:

Comments

Post a Comment

Popular posts from this blog

Export Pre Shipment and Post Shipment Finance in International Trade

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to: Procure raw materials. Carry out manufacturing process. Provide a secure warehouse for goods and raw materials. Process and pack the goods. Ship the goods to the buyers. Meet other financial cost of the business. Types of Pre Shipment Finance Packing Credit Advance against Cheques/Draft etc. representing Advance Payments. Preshipment finance is extended in the following forms : Packing Credit in Indian Rupee Packing Credit in Foreign Currency (PCFC) Requirment for Getting Packing Credit This facility is provided to an exporter who satisfies the following criteria A ten digit importerexporter code number allotted by DGFT. Exporter should not be in the caution list of RBI. If the goods to be exported are not under OGL (Open General Licence), the expo...
Post a Comment
Read more

7 and a Half Very Simple Things You Can Do To Save EXPORT POST SHIPMENT FINANCE

Introduction Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters don’t wait for the importer to deposit the funds. Basic Features The features of Post-shipment finance are: 1) Purpose of Finance : Post-shipment finance is meant to finance export sales receivable after the date of shipment of goods to the date of realization of exports proceeds. In cases of deemed exports, it is extended to finance receivable against supplies made to designated agencies. 2) Basis of Finance : Post-shipment finances is provided against evidence of shipment of goods or supplies made to the importer or seller or any other designated agency. 3) Types of Finance : Post-shipment finance can be secured or unsecured. Since the finance...
Post a Comment
Read more

Brass: Protecting the Viability of the Scrap Stream

Free-machining brasses  Brass is a metal alloy made of copper and zinc. The presence of other elements in brass such as lead is often required to improve machinability. The superior machinability of brass is ideal for producing parts that are used in a variety of applications including valves, fittings and electrical components. The most commonly used, free-machining brass is UNS alloy C36000. In some applications such as potable water systems, federal and state regulations restrict the use of lead. This may require the specification of low or lead-free brasses. Some lead-free brasses rely on elements other than lead to improve machinability and other properties such as strength, hardness and corrosion resistance. The importance of scrap  The entire economy of the brass industry is dependent on the economic recycling of surplus material, or scrap. Brass for extrusion and hot forging is normally made from a basic melt of scrap of similar composition adjuste...
Post a Comment
Read more