The global eco-friendly tiles market is expected to grow at a CAGR of 9.2% during the forecast period.
Due to strict environmental restrictions, the rise in popularity of green building standards, and increased consumer awareness for sustainable products, these tiles have become a component of green or sustainable chemistry in the recent decade. Eco-friendly tiles have become increasingly popular around the world as a result of their superior durability and ease of maintenance as compared to regular tiles.
Environmental issues are a big topic around the world, and eco-friendly tiles help to lessen the impact on the environment by using less energy in the manufacturing process. Furthermore, the use of solar and wind power in the manufacturing process of eco-friendly tiles has reduced the negative impact on the environment.
Environmental awareness and government-imposed environmental laws are driving the eco-friendly tile market. Furthermore, the market is being fueled by an increase in the number of end-user industries due to the durability and low maintenance of eco-friendly tiles. The high cost of eco-friendly tiles, on the other hand, limits market expansion. The utilization of renewable energy to power the equipment used in the production of environmentally friendly tiles has resulted in a significant production of tiles with minimum environmental impact. This large-scale production expands the market’s potential for future growth.
The global eco-friendly tile market has been divided into three categories: type, product, and end-user. Porcelain, Ceramic, Terrazzo, and Other are the types of materials used in the market.
The market is divided into three categories: floor tiles, wall tiles, and others.
The market has been divided into residential and non-residential segments based on end-user.
North America, Europe, Asia Pacific, and the Rest of the World are the four key areas in which the worldwide eco-friendly tiles market is divided.
In 2016, the Asia Pacific region had the greatest market share and is expected to grow at the fastest CAGR over the forecast period. The market’s demand is driven by rapidly expanding construction activities. The biggest markets in the Asia Pacific area include China, Japan, India, and Singapore. The region’s economic growth has resulted in a higher need for institutional and commercial infrastructure areas. This contributes to the market’s expansion. Due to the availability of low-cost labor and large raw material stockpiles, key firms are gradually moving their manufacturing facilities to serve to high-potential markets in Asia Pacific. This has had an impact on the market’s growth. China is one of the region’s major markets, with many regulations decreasing the percentage of down payment required for second home loans and exempting conventional dwellings from sales tax. This aided in the resurgence of the commercial real estate market. This will also have a favorable impact on the worldwide market’s growth.
In 2016, Europe accounted for the second-largest market share. The market in Europe is growing due to an increase in home remodeling and restructuring. Furthermore, Europe is home to several of the world’s leading eco-tile manufacturers. The largest markets for eco-friendly tiles are the United Kingdom, Germany, Poland, and France.
Another important market for eco-friendly tiles is North America. The industry is being driven by rising residential and non-residential development activities in the region.
Middle East and South America are likely to contribute considerably in the rest of the world throughout the forecast period, owing to changing lifestyles and rapid growth in the building sector.
The prominent players in the eco-friendly tiles market include ANN Sacks Tile Stone, Inc. (U.S.), Arizona Tile (U.S.), Bedrosians Tile Stone (U.S.), Marazzi Group S.r.l. (Italy), Villagio Tile Stone (U.S.), Dal-Tile Corporation (U.S.), Wausau Tile, Inc. (U.S.), Terra Green Ceramics Inc (U.S.), EnviroGLAS Products Inc. (U.S.), Crossville Inc. (U.S.), Johnson Tiles (India), Nemo Tile Company Inc. (U.S.), Florim Ceramiche S.P.A (Italy), Vitromex USA (U.S.), and Division Iris Ceramica (Italy).
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