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Stone Tile Industry 2020, Global Market Size, Technology Review, Cost Analysis and Demand Overview

Press Release   •   Jan 10, 2017 18:41 IST

A tile is a hard wearing material manufactured from stone, metal, ceramics or glass. It is generally used for covering rooftops, floors, walls, showers and other objects. Stone tiles are made from naturally available stone such as granite. There is a growing demand for stone tiles mainly due to easy access to the raw material, inexpensive and is available in high quality.

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The growing construction industry is expected to be the major driver for the growth of stone tiles market. The growing population and changing lifestyles especially in the emerging markets is expected to boost the growth of the stone tile market. Increasing purchasing power of the customers is expected to drive the global construction and furniture industry which in turn is expected to boost the overall growth of the stone tile market. The growing demand for stone tile in non-residential building and other constructions is expected to further fuel the overall growth of the stone tile market. Increasing use of stone tile owing to its low cost and low maintenance flooring and as an alternative to carpets and rugs is expected to augment the overall demand for the stone tile market. Homeowners are increasingly opting for the stone tile owing to its attractive and durable values that increase the overall home value. Naturally obtained stone tiles are being widely used in hotels, high-end resorts and shopping malls. Stone tiles are expected to be the fastest growing market in coming few years and are expected to overtake porcelain to be the one of the tile type to have high demand. Asia Pacific is expected to be the emerging market for stone tile mainly due to the presence of large number of manufacturers especially in China.

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Some of the company’s manufacturing stone tiles includes Daltile, Nitco Ltd., CAPCO Tile & Stone, Eleganza Tile and GranitiFiandre S.p.A among others.

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