According to the latest report by IMARC Group, titled,“Large Format Ceramic Panel Market Growth: Global Industry Trends, Size, Share, Opportunity and Forecast 2021-2026,” the global large format ceramic panel market reached a value of US$ 46.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.
Large format ceramic panels or tiles are made from ceramic stone and offer frost, fire and ultraviolet (UV) resistance with optimum flexural strength. Other than this, these tiles are cost-effective and exhibit improved aesthetic value, high tensile strength, better durability, and enhanced water resistance. On account of the aforementioned beneficial properties, large format ceramic panels are extensively used in high-traffic areas, such as bathroom flooring and kitchen benchtops and splashbacks.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Large Format Ceramic Panel Market Trends:
The growth of the global large format ceramic panel market can be mainly attributed to the emerging trend of seamless ceramic tiles in the construction sector. The rising development of hospitality centers, retail facilities, and commercial spaces is contributing to the escalating demand for high-quality ceramic panels. Moreover, the growth of the market is being positively influenced by the penetration of organized retailers, which has enabled the availability of a wide range of ceramic tiles across the globe. Apart from this, the global population has been increasingly shifting from rural to urban areas, thus creating the rising need for both domestic and commercial spaces, which, in turn, is further supporting the market growth.
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Large Format Ceramic Panel Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABK Group, Adila Ceramic Pvt. Ltd., Azulev Group, Elemex, Inc., Florim Ceramiche S.p.A., GranitiFiandre S.p.A., Laminam S.p.A., Levantina y Asociados de Minerales, S.A., Neolith, and RAK Ceramics PJSC.
The report has segmented the market on the basis on region, application, thickness and construction type.
Breakup by Application:
- Exterior Wall Cladding
- Interior Wall
Breakup by Thickness:
Breakup by Construction Type:
- New Construction
- Replacement and Renovation
Breakup by Region:
- Europe: ( Germany,United Kingdom, Italy,Spain, France, Others)
- North America: ( United States,Canada)
- Asia Pacific: ( China, Japan, India, Australia, Others)
- Middle East and Africa: (Saudi Arabia, South Africa, Turkey, United Arab Emirates, Others)
- Latin America: ( Brazil, Mexico, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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