Market Trends of Decorative Tiles Industry
This section covers the major market trends shaping the Decorative Tiles Market according to our research experts:
The Residential Segment is Likely to Dominate the Decorative Tiles Market
The residential segment accounted for the largest market share in decorative tiles in 2018. Increased private and residential construction activity due to the rising disposable income of consumers are some of the major factors fostering the growth of decorative tiles in the residential segment. The construction activity is growing rapidly at a worldwide level and there is an increase in the growth of housing units which is likely to further propel the growth of decorative tiles in the anticipated period.
Decorative tiles made from porcelain, marble, and stones are designed specifically for construction type and theme. They enhance the aesthetic appeal of walls and floors and increase the value of the construction sector.
Asia-Pacific is Anticipated to be a Key Market for Decorative Tiles
The Asia-Pacific region is expected to account for a major share of the global market for decorative tiles, during the forecast period. The residential sector in countries across the region witnesses a high demand for decorative tiles. Furthermore, the increase in new construction activities and the partial recovery of the commercial construction sector are other factors anticipated to boost the market for decorative tiles in the Asia-Pacific region, in the near future.
