Fireclay Tiles Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI806
Fireclay Tiles Market size is anticipated to witness escalating gains from 2016 to 2024. The business growth is majorly driven by increasing product demand to manufacture ceramic ware, fire bricks and tiles.
Quartz, fine-grained micas and organic substances including sulphur are the main raw material for the fireclay tiles market, which signifies that the product is mainly made up of recyclable constituents. Abundant raw material availability will have positive outlook in the industry growth by 2024. Favouring government regulations along with inclining recyclable products demand from the customers will positively influence the industry growth. The product is mainly used to resist elevated temperatures and extreme chemical stress. It offers low thermal conductivity with superior energy efficiency as compared to other traditional tiles, this is analysed to boost growth.
Robust growth in construction industry will complement fireclay tiles market size over the forecast timeframe. These are extensively used in residential and commercial buildings. It is also used in manufacturing industries owing to boost industry growth by 2024. In the recent years, construction industry has been experiencing inclining gains due to increasing government spending towards infrastructure development and upcoming commercial & residential projects. These products preferred widely in the construction industry owing to its thermal resistance characteristics, which restricts heat transmission at the time of fire
Growing food & beverage industry will boost fireclay tiles market size. These tiles are widely used in food processing areas which are extensively exposed to high temperatures, where other counterparts such as ceramic tiles may melt. In addition, the product offers installation convenience and is easy to clean, this may drive industry growth.
Growing population accompanied with rapid industrialization will positively influence the global fireclay tiles market size by 2024. The global population is anticipated to reach 9 billion human beings by 2050. This will consequently increase infrastructure demand owing to encourage industry growth.
Major applications of the fireclay tiles market include residential, commercial and industrial. Residential application significant industry share contributor in 2015 the product finds widespread application in kitchens and washrooms. Furthermore, upgrading consumer living standards has driven product demand to offer safety along with aesthetic appearance of the floor as well the wall. For instance, flooring market in Europe was roughly around 3 billion square meters.in 2015. In commercial, these tiles are broadly used for flooring purposes in railway stations, airports, shopping malls, hospitals and hotels.
Asia Pacific, primarily led by China, Japan and India, dominated the fireclay tiles market share in 2015. The regional growth was mainly propelled by robust growth in construction industry. For instance, construction spending in Japan was approximately USD 740 billion in 2015. Increasing government initiatives to upgrade public infrastructure will drive industry growth. For example, Indian government is engaged in infrastructure development such as metro projects. These products are used in widely in these projects for flooring purposes along with improving the physical appearance. Additionally, the U.S. fireclay tiles market share shall witness promising gains owing to the upcoming construction sector post economic downturn.
Middle East & Africa (MEA) is projected to be fastest growing region over the forecast timeframe. GCC countries (Kuwait, Saudi Arabia, the UAE, Qatar, Bahrain and Oman) has the highest product demand mainly due to high temperature in these countries. The product helps in providing thermal insulation from the external heat, which makes them desirable across residential and commercial buildings.
Global fireclay tiles market share was competitive in 2015. Major companies contributing the global share includes RAK Ceramics, Fireclay Tile Inc., Gruppo Ceramiche Ricchetti, Porcelanosa Grupo, Mulia Industrindo, Crossville Inc., Mohawk Industries, and. Atlas Concorde. These companies possess massive production capacity with prime focus in the developing economies to meet the increasing product demand owing to drive industry growth over the forecast timeframe. Furthermore, inclining technological innovations in order to develop superior fireclay composites will offer business growth opportunities to the industry players.
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