World Large Format Ceramic Panel Market to See 10.69% CAGR by Value to 2025, States Azoth Analytics in Its Study Available at MarketPublishers.com17 Jul 2017 • by Natalie Aster
LONDON – The global market for large format ceramic panels is projected to witness healthy growth of more than 15.68% in volume terms and a 10.69% CAGR in terms of value through to 2025, mainly driven by developments in the construction sector, well established channel of distribution, innovations and technological advancements in production process and consumer predisposition to large format seamless ceramic tiles owing to its unique characteristics.
By the end of the forecast period, demand growth in the market is projected to display the maximum advancement, on account of their extensive use in diverse end-use sectors. Large format ceramic panels find increased application in floorings, interior and exterior walls and kitchen countertops in a number of top-class residential and commercial buildings.
Region-wise, Europe captures the biggest share of nearly 65% of the total market as of 2016, and is set to advance at a considerable rate going forward, due to the skyrocketing growth in the construction domain, economic development and changing preferences of consumers.
Granitifiandre, Neolith, ABK Group, Laminam Spa, RAK Ceramics, and Levantina, Florim, amid others, are the leading players in the marketplace.
New research study “Global Large Format Ceramic Panel Market” elaborated by Azoth Analytics is aimed at providing and analysing the potential of the market on a global level, and segments it by value and volume, application, thickness, and by region and country. The report offers statistical data and information on the market size, shares and growth factors. The study limelights key drivers, challenges and trends in the marketplace; includes SWOT analysis; offers Porter’s five forces analysis; discusses the policy and regulatory landscape; provides product benchmarking; includes a pricing analysis; and covers the manufacturing process. The study discusses the competitive scenario and profiles the top 7 players in the market.
More new market research reports by Azoth Analytics can be found here.