SURFACES REPORTER Tiles Story
TILES IN INDIA MARKET SHARE, GROWTH STRATEGIES, NEW LAUNCHES AND MORE
Tiles market in India- An overview India’s ceramic tile market is one of the fastest growing markets in the world owing to factors like rising demand, housing shortage, developing real estate, rising disposable income, expansion of metro cities, government policies etc. According to a market research firm, the Indian Tiles, Sanitary Ware and Bathroom Fittings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the Indian tiles, sanitary ware and bathroom fittings market reached a value of US$ 7953 Million in 2020. Looking forward, the report expects the Indian tiles, sanitary ware and bathroom fittings market to grow at
a CAGR of 9.30% during 2021-2026. The global ceramic tiles market was pegged at US$ 97 billion in 2019 and was expected to expand at a CAGR of 9% between 2019 and 2029 to reach US$ 228 billion by 2029. A large share of the world production came from the Asia Pacific region with China being the biggest manufacturer of ceramic tiles in the world followed by India. Further, in terms of volume (million sqft.) the market is expected to expand at a CAGR of 7.6% between 2019 and 2027. India is not only the second-largest producer of ceramic tiles in the world after China but also the second-largest consumer of ceramic tiles in the world after China with a consumption
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