Survey: Rise in Flooring and Construction to Boost the Ceramic Tiles Market

Posted on: Apr-2017 | By: QY Research | Cement Industry

According to a latest survey conducted by the University of California, there has been a tremendous rise in the construction and flooring market since the last year. In the financial year 2014–2015, the amount of profit that the global construction and flooring market did was 21%. But this was not the case in the financial year 2015–2016. The number escalated and went high to reach and stable on 32%. This has indirectly up surged the global ceramic tiles market. Let us have a look at the different factors that has an effect on the global ceramic tiles market.

The rising disposable income of users is the main reason that has led to the up surge of the global ceramic tiles market. The rising demand from the construction and flooring market is the main reason that is flourishing the growth of the global ceramic tiles market. In addition to this, the increasing demand from the industry is also one of the main reasons that are contributing in the growth of the global ceramic tiles market. On top of this, the growing trend among the people to live in a sophisticated house is also lending a helping hand in the development of the global ceramic tiles market. Moreover, the increasing application of innovative ideas and designs during the production of the ceramic tiles is also one of the main factors that are propelling the growth of the global ceramic tiles market. The technological advancements used in the production of the ceramic tiles are also helps in fueling the global ceramic tiles market.

On the other hand, high cost for ownership of the tools required for the production of the ceramic tiles is the main reason that is hampering the global ceramic tiles market. In addition to this, the rising cost of labor is also one the main reason that is hindering the global ceramic tiles market. In the end, the high cost for transportation restrains the growth of the global ceramic tiles market in some or the other way.

Well, for now, the global ceramic tiles market is having its share of brightness.