Technavio, a tech-focused market research firm, has published a new report on the global anti-skid ceramic tiles market, which is expected to grow at a CAGR of close to 12% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global anti-skid ceramic tiles market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global anti-skid ceramic tiles market are elaborated below:
Anti-skid ceramic tiles market in APAC: APAC consists of some of the fastest and emerging markets such as China, India, Indonesia, Malaysia, and Vietnam, which account for a majority of the demand for anti-skid ceramic tiles in the region. China is expected to witness growth in commercial and industrial construction. Besides the infrastructural development, China is witnessing increased growth in the food processing industry. For instance, in 2016, Minnesota-based Hormel Foods planned to expand its existing meat processing capacity in China by 55,115 tons.
According to Likhitha Bandla, a lead analyst at Technavio, specializing in research on construction, “In 2016, In India, the Punjab state government proposed to set up an advanced pig meat processing plant. The huge growth of construction activity in both, the commercial and residential sectors in APAC is expected to fuel the demand for anti-skid ceramic tiles in the region.”
Anti-skid ceramic tiles market in the Americas: The US is the key revenue contributing country in the global anti-skid ceramic tiles market in the Americas owing to the government’s investments in in the real estate and infrastructural sector. The construction market in the country is driven largely by the construction of offices, warehouses, and multi-family apartments. Market research analysts at Technavio anticipate the anti-skid ceramic tiles market in the Americas to account for a revenue of around USD 3 billion by 2021.
Anti-skid ceramic tiles market in EMEA: Europe’s construction sector is expected to be primarily driven by the UK’s increased spending on construction activity. The UK is facing a massive shortage of housing in southeast region, and this coupled with growing population is anticipated to drive the residential construction sector in the country, thereby spurring a surge in the demand for anti-skid ceramic tiles. Large-scale construction projects in Middle Eastern countries during the forecast period are also expected to favor growth of the anti-skid ceramic tiles market in EMEA.
The leading vendors operating in the global anti-skid ceramic tiles market are:
- Mohawk Industries
- Grupo Lamosa
- RAK Ceramics
- Johnson Tiles
- Somany Ceramics
- Ceramiche Atlas Concorde
Other prominent vendors in the market include Kajaria Ceramics, Saudi Ceramic Company, Dynasty Cerami 58Public Company, Gerflor, Mosa, Nitco Tiles, Grespania, AGL, Foshan Sunvin Ceramics, KANO CORPORATION, Ceramiche Marca Corona, Orient Bell, Overland Ceramics.
A more detailed analysis is available in the Technavio report titled, ‘Global Anti-skid Ceramic Tiles Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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