U.S. Cement Tiles Market Overview:
The U.S. Cement Tiles market is estimated to witness a CAGR of 3.93% from 2020 to 2027. Taste the market data and market information presented through more than 7 market data tables and 13 figures spread in 62 numbers of pages of the project report. Avail the in-depth table of content market synopsis on “U.S. Cement Tiles market Information from 2020 to 2027"
For this study, the U.S. cement tiles market has been divided into two segments, namely type, and application. On the basis of type, the market has been segmented into S tile, corrugated tile, and flat tile. Among the type, corrugated tile accounted for the largest market share. Based on application, the market has been into as residential, commercial, and industrial. Residential segment accounted for the largest market share of 57.69% in 2016. Increased private and residential construction due to increased disposable income is favoring the market growth.
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According to Tile Edizioni, the global tile consumption rose to 12,357 million sq m in 2015, which is 0.8% more than the previous year. The U.S. remained the world’s biggest importer with imports up from 159.1 to 174.8 million sq m (+9.9%), reflecting a 9.9% growth in the local demand from 231.5 to 254.5 million sq m. Recent trend shows that most of the manufacturers believe that innovation in both product lines and manufacturing processes is crucial to continued success in the highly competitive tile market. New manufacturing technologies will continue to increase market demand for innovative products, which can be used in residential and commercial installations.
The U.S. cement tiles market has been segmented into various types, such as S tile, corrugated tile, and flat tile. Concrete tiles can be a great option for construction purposes as they have a long-lasting nature. They are popular for their versatility as they can be found in different shapes, colors, and designs. Flat concrete tiles can withstand adverse weather conditions, such as exposure to heavy winds. Moreover, flat roofs are cheaper to install and need fewer materials. It is possible to use flat tiles in smaller structures, such as extensions, porches, and garages.
The U.S. cement tiles market has been witnessing steady growth over the last few years, on account of increasing construction activity, private construction, and FDI in construction. The commercial segment includes office space, trading space, shopping malls, business centers, and other public spaces. This segment demands tiles specifically for flooring. Commercial complexes occupy vast areas and expect heavy footfall. It is due to this reason that floor tiles are given more importance than others. However, the segment is not as fast growing as residential as there is a drop in the value of public and commercial construction in the U.S. and the U.K economies. Due to moderate population growth in developed regions, along with saturation in commercial construction, this segment is undergoing a slow growth.
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The prominent players in the U.S. cement tiles market include U.S. cement tiles market include Roca Sanitario, S.A. (Spain), RAK Ceramics (UAE), Panaria Ceramica (Italy), Rustico Tile and Stone (U.S.), Otto Tile (U.S.), Crafted Tiles (Spain), Pinar Miro (Spain), Cement Tiles (the Netherlands), and Boral Limited (Australia).
This research report provides insights into various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging high-growth segments. The market data comprises the basic assessment of the competitive scenarios strategies in the U.S. Cement Tiles market, including high-growth regions and/or countries, and political, economic environments. The project report, further, provides views on both the historical market values and pricing cost analysis.
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