Key vendors to make increased investments in new product development
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global vitrified tiles market in their latest research report. This report also lists 23 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global vitrified tiles market is highly fragmented in nature due to the presence of well-established and unorganized players in the market space. Increased adoption of vitrified tiles in home interiors is driving substantial investments for the development of customized designs, colors, textures, and sizes. Vitrified tile manufacturers are focusing on the development of new products and produce exclusive designs based on consumer tastes and preferences, leading to intense competition among vendors. Furthermore, vendors are deploying new techniques such as replacing oil-based fuels with LPG or natural gas as well as using recycled waste water to reduce the carbon footprint during the manufacturing process.
According to Likhitha Bandla, a lead analyst at Technavio for research on construction, “Vendors in the vitrified tiles market are now providing high-quality vitrified tiles aimed at different price segments. Such a strategy will help vendors to cater to price-sensitive as well as high-end customers. Besides, this trend is also expected to mitigate the effects of unfair pricing of vitrified tiles, particularly by unorganized players.”
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Top five vendors in the vitrified tiles market space
Cerâmica Carmelo Fior
Cerâmica Carmelo Fior engages in the manufacture of ceramic wall and floor tiles. The company offers ceramic products under six brands – Cecafi, Fioranno, Idealle, Arielle, and Realle. At present, the company generates approximately 160 direct jobs with rapid and solid growth, increasing its production capacity to 161 million square feet per month.
Key products: Cecafi, Pisoforte, Fioranno, Idealle, and Arielle.
Lamosa
Lamosa makes and markets ceramic tiles and adhesives and has a unique presence in Mexico and across the Americas, exporting to the US and more than 15 nations in Central and South America. The company offers its floor and wall tiles under the Porcelanite, Lamosa, Itálica, and Firenze Tecnoarte brands and glues under the Crest, Impercrest, Perdura, Niasa, and Porcelanite brands, which are used in the construction of commercial and residential properties.
Key products: Lamosa, Procelanite, Firenzo, San Lorenzo Ceramics, and Verve.
Mohawk Industries
Mohawk Industries designs, fabricates, sources, distributes, and markets flooring products for refurbishing and constructing commercial and residential spaces worldwide. The company offers its items through commercial contractors, commercial end users, mass merchandisers, independent distributors, home center retailers, individual floor covering retailers, and retail chains.
Key products: American Olean, Dal-Tile, Kerama Marazzi, and Ragno.
RAK Ceramics
Ras Al Khaimah (RAK) Ceramics, together with its subsidiaries, makes and offers different ceramic items worldwide. Its products incorporate ceramic, wall and floor tiles, sanitary ware, tableware, bathroom sets, and faucets. The organization likewise manufactures paints and other items such as glue/adhesives for installing tiles, pipes, chemicals used in ceramic industries, porcelain tables, and water tap faucets.
Key products: Elegance.
SCG
Since its establishment, SCG has developed ceaselessly and broadened into three core organizations such as SCG Cement-Building Materials, SCG Packaging, and SCG Chemicals. SCG’s core organizations are separated into five strategic business units that include cement; petrochemicals; construction materials; ceramic; paper and packaging.
Key products: Cotto, Prime, Mariwasa, Sosuco, and Campana.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, ‘Global Vitrified Tiles Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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