Overview of Southeast Asia Ceramic Tiles Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Southeast Asia Ceramic Tiles Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers country estimates, forecasts, and trend analyses for various countries.
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
Insights and Analysis of the Southeast Asia Ceramic Tiles Market for the Period 2023-2028:
The market size of the Southeast Asia Ceramic Tiles industry is estimated to grow at a CAGR of around 7.58% during the forecast period, i.e., 2023-28. The rapid growth of the travel and tourism industry and rising infrastructure developments across the region contributed to this growth.
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Southeast Asia Ceramic Tiles Market Dynamic:
Industry Driving Factor:
Rise in the Construction of Corporate Buildings Due to the Presence of Several Tax Heavens in the Region: The region has become a preferred location for multinational corporations to establish their headquarters and Business Process Outsourcing (BPO) and Shared Service Centers due to the presence of several tax haven nations such as Thailand, the Philippines, and Malaysia. Corporations do not have to pay heavy taxes that are otherwise applicable in any other regions across the globe. Moreover, the availability of inexpensive skilled workers in the region is also a big factor for corporations that are setting up their operations in Southeast Asia. The reason for the availability of an inexpensive skilled workforce is the low daily minimum wage rate for workers in the region. For instance, according to the Labor Ministry, in 2021, Thailand’s daily minimum wage throughout the country ranged from approximately USD 9 to 10. This resulted in the increasing number of MNCs in recent years. As more and more MNCs register themselves in the region, this would lead to the construction of corporate offices or buildings, thus fueling the demand for ceramic tiles and resulting in rising the ceramic tiles market share during 2023-2028.
Segmentation Analysis of the Southeast Asia Ceramic Tiles Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We’ve broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market’s structural expansion, offering a clear framework to understand how it has evolved.
- By Type
- Others (Semi-Glazed and Scratch-Free Tiles)
- By Application Area
- Floor Tiles
- Wall Tiles
- Others (Ceilings & Decoration)
- By Distribution Channel
- Direct Sales
- Dealers and Distributors
- By Demand Type
- New Construction
- Renovation and Replacement
- By End User
- Commercial & Retail
- Government & Transportation
- Others (Industrial, etc.)
- By Country
- The Philippines
- Rest of Southeast Asia
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Leading Market Position in The Southeast Asia Ceramic Tiles Market
In analysing the Southeast Asia Ceramic Tiles Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- Mohawk Industries, Inc.
- SCG Ceramics
- Jaquar Ceramics
- RAK Ceramics
- ATLAS CONCORDE S.P.A.
- Cerámica Saloni
- Newpearl Group
- Ricchetti Group
- Porcelanosa Grupo
- Platinum Ceramics Industry
This evaluation entails a detailed review of each company’s product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
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Southeast Asia Ceramic Tiles Market Recent Development:
- 2022: Platinum Ceramics launched a major plant modernization project aimed at increasing productivity and improving the quality of its products. It made a partnership with System Ceramics for the technological advancements of the project.
The Southeast Asia Ceramic Tiles Market Research Report for 2023-28 addresses several key questions:
- How will the growth rate of the Southeast Asia Ceramic Tiles market progress during the projected period?
- What market factors will serve as the foundation for shaping client and business strategies?
- Which factors are currently exerting influence, including increased demand and ongoing market advancements?
- Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
- Which company currently holds the leading market position?
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