Global vitrified tiles market
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Global vitrified tiles market was valued at US$ 5.60 Bn in 2019 and is expected to reach US$ 8.20 Bn by 2026, at a CAGR of 3.38 % during a forecast period.
Vitrified tiles are one of the type ceramic tiles with very low porosity. They can be used as an alternative to marble and granite flooring. Vitrified tiles are generally used as outdoor flooring as they are water and frost resistant. They are made by hydraulic pressing of mixtures such as clay, quartz, feldspar, and silica that give a vitreous surface.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
In currently years, a lot of technological advancements in the production process and product features is expected to increase demand for vitrified tiles. New features evolving include 3D printing, digital printing, anti-microbial glazes, nanotechnology, and water jet technology, are expected to benefit to the vitrified tiles key players. Vitrified tiles currently formed in the market have the above characteristics that make them stand out over other conventional ceramic tiles, which is expected to boost the market vitrified tiles growth.
Rapid growth in the construction industry is one of the major factors that drive the vitrified tiles market. Increasing demand for residential and non-residential buildings consumes significant impact on the demand for vitrified tiles, as they are preferring in the applications such as flooring and walls of the buildings.
The objective of the report is to present a comprehensive assessment of the global vitrified tiles market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global vitrified tiles market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Last Update : 07 September 2020 6:31 AM
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