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From 2018 to 2014, the global ceramic tile market will expand at a compound annual growth rate of 9.8%, and the Asia-Pacific market is developing rapidly. In the future, the tile market will be the most profitable segment.
The prosperity of the construction industry has brought about the prosperity of the ceramic tile market. The development of more housing and housing has provided tremendous growth opportunities for the development of the global ceramic tile market. In the case of great profits, which markets will usher in greater opportunities?
Tiles play an important role in both residential and commercial buildings, so the global construction industry is an important determinant of the overall global tile industry.
The number of new buildings around the world is constantly increasing, and this phenomenon is more prevalent in developing countries. The development of housing has provided tremendous growth opportunities for the global ceramic tile market. According to a recent market research report by Transparency Market Research, a large US market research firm, the global tile market is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2018 to 2024. In terms of value, the market is expected to increase from $102.8 billion in 2018 to $178.1 billion in 2024