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As one of the world's largest market research organizations, Research & Markets recently released a report showing that by 2025, the size of the ASEAN ceramics market is expected to reach 69.08 billion US dollars. (ASEAN countries include Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.)
The growth of the construction industry and the government’s increasing investment in infrastructure construction are expected to The growth of the tile market has had a positive impact. The demand for ceramic tiles in restaurants, office buildings, shopping malls and resorts is on the rise and will drive demand for products over the next eight years.
The traditional ceramic industry is growing due to the growing demand for clay bricks, cutlery and ceramic tiles. Demand for advanced ceramics is also expected to increase as they can be applied in a number of technology industries, such as heavy machinery, automotive, energy, cutting tools and defense. Tiles accounted for the largest product segment of ASEAN Ceramics in 2016, accounting for 25.5% of the total revenue of the ASEAN ceramics industry.
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