- The key vendors in the ceramic tiles market in the UAE 2015-2019 are Emirates Ceramics, Granitto Al Khaleej Ceramics and RAK Ceramics
London, 09 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the ceramic tiles market in the UAE 2015-2019. Decrease in import and export of ceramic tiles is one of the key trends being observed in this market. Domestic vendors are putting in huge effort to form a firm foothold in the market. Though RAK Ceramics, which is the largest supplier of ceramic tiles in the world, is situated in the UAE, it is unable to fulfill domestic demand. The ceramic tiles market in the UAE 2015-2019 is estimated to grow at a CAGR of 9.24% during 2014-2019.
Demand for ceramic tiles in the country will be predominantly driven by the commercial and residential sectors that together accounted for 60% of the total construction market in 2014. Upcoming mega projects such as the Dubai Expo, Cultural Village by Dubai Properties, the Lagoons by the Emaar Group, and the Al Maktoum International Airport by Dubai Holding, is expected to further increase demand for wall and floor ceramic tiles. Commercial and infrastructure construction projects under the Dubai Expo 2020 are leading to demand for ceramic tiles in the country.
“Availability of durable, stain- and germ-resistant ceramic tiles is driving its demand in hospitals, laboratories, and residential buildings in the UAE,” says Faisal Ghaus, Vice President of Technavio Research.
“The majority of structures constructed in the region are high-rises. Ceramic tiles are preferred over paints for such buildings as they reduce cost and time for replacement and re-painting.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
