Global Large Format Ceramic Panels Market to reach USD XXX billion by 2025.
Global Large Format Ceramic Panels Market valued approximately USD 32.35 billion in 2016 is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2018-2025. Developments in the construction sector, availability of distribution channels and rising consumer interest in large-format seamless ceramic tiles are the major factors which are driving the growth in the Global Large Format Ceramic Panels Market. However, technical challenges, government strategy, market environment, and future risks influence the market growth. Large format ceramic panel or extra-large size ceramic tile is a segment of the ceramic tile market which includes craftily designed tiles.
The developments of the various manufacturing process and dynamic innovations in the sector of ceramic tile, and increase in seamless ceramic tiles demand have introduced the Large Format ceramic panels. These panels are becoming increasingly famous and are being used in interior design and architecture because of their features including low weight, perfect flatness, and excellent mechanical and physical properties. These panels are large in size and lightweight; therefore, they are easy to place and require less amount of time as a single tile cover more space than a normal tile. Due to the application, large format ceramic panels are widely being used in exterior and interior walls, floorings, and countertops in some high- end residential and commercial buildings.
The regional analysis of Global Large Format Ceramic Panels Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
? Interior Wall
? Exterior Wall Cladding
? 3mm & below
? 5-9 mm
? 9.1-12 mm
? 20 mm & Above
? North America
? Asia Pacific
? Latin America
? Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Granitifiandre, Laminam Spa, Levantina, ABK Group, Florim, RAK Ceramics and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Large Format Ceramic Panels Market in Market Study:
? Key Consulting Companies & Advisors
? Large, medium-sized, and small enterprises
? Venture capitalists
? Value-Added Resellers VARs
? Third-party knowledge providers
? Investment bankers