Global Tile Demand in 2020 To Hit $120 Billion

New York, NY, March 28, 2016 -- Global demand for ceramic tiles was valued at around $72.0 billion in 2014 and is expected to reach around $120.0 billion in 2020, according to a report by Zion Research.

The report shows that the demand for ceramic tiles is primarily driven by the growing construction and infrastructure industry, especially in emerging economies such as India, China, Brazil and South Asian countries.

Increasing industrialization and urbanization has resulted in growing demand for commercial as well as residential buildings in the emerging economies. 

The floor tiles market is also expected to be the fastest growing product segment in terms of volume as well as revenue throughout the forecast period. Wall tile was the second leading segment.

Asia Pacific was the largest market for ceramic tiles in 2014 with over 50% share in total volume consumption, Zion said. Europe was the second largest market followed by Latin America, Middle East Asia & Africa and North America respectively.