India Ceramic Tiles Market Outlook – Booming Real Estate Sector and Innovation Driving Growth

MUMBAI, India - Aug. 20, 2014 - PRLog -- Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Ceramic Tiles Market in India2014’. Ceramic tilesare the fastest growing among wall and floor cladding optionsand Gujarat has been leading the production of ceramic tiles in India.

Netscribes’ latest market research report titled Ceramic Tiles Market in India 2014tracksthe long and rich history of ceramic tiles production, the modern manufacturing process of various types of tiles and the dynamic global ceramic tiles market. In this space, cost considerations have shifted manufacturing from Europe to Asia and China has become the largest producer, consumer and exporter in spite of not hosting the top three ceramic tiles manufacturers of the world. The report also notes the expanding production and consumption patterns of ceramic tiles in India, which is now the third largest producer in the world.Although India produces around 6% of the world’s ceramic tiles, heavy domestic consumption has limited export volumes to very limited levels. However, this is expected to change soon, with the country expected to produce 15% surplus ceramic tiles in year 2029.

The domestic market of ceramic tiles in India has undergone a vast change, with vitrified tiles now constitutinghalf of the total tiles market. With the introduction of modern technology in designing and manufacturing, the market has opened up new segments such as 3D tiles, germ-free tiles and artistic designer tiles. Although unorganized players make up 50% of the total ceramic tiles market of India, the organized sector is fast outpacing the former, with breakthrough in innovation and strategic alliances. Moreover, India has among the lowest per capita consumption of ceramic tiles in the world, with low penetration of tiles in urban market and a virtually untapped but highly potential rural market. All these factors, coupled with declining manufacturing competitiveness of China, are set to drive the tremendous growth expected in the Indian ceramic tiles market.