Ceramic tiles have been the largest part of the floor covering the industry for many years. Their application as floor covering is gradually changing and they are gaining more significance as decorative products with the changing consumer preferences. Manufacturers also focusing on capturing the market from ceramic tiles as floor covering and also ceramic tiles as wall coverings and for other applications with their functionally as well as aesthetically advanced new designs. This transformation resulted in the production of tiles for various uses such as slip-resistance for bathrooms and swimming pool areas, anti-bacterial properties for outdoors especially in humid regions and scratch-resistant properties that are suitable for high traffic areas. This diversification is helping the industry to capture more market by making ceramic tiles a necessity without compromising on the visual appeal they offer. Ceramic tiles are available in a plethora of designs and patterns to be used for floors, and walls of varied residential and industrial applications. With properties such as high gloss surface, stain resistance, dirt resistance, hygienic and low maintenance, ceramic tiles are adaptable to industrial, commercial, and residential uses.
Key Market Trends
Wall Application Segment is Gaining More Significance in the Recent Times
In order to capture the dynamic customer preferences, interior designers no more confining ceramic tiles to flooring applications to the kitchen and bathroom areas in the residential use and are also preferring them in non-conventional areas like living rooms, bedrooms. Along with the floor tiles, the latest rage is wall tiles that are chosen by customers for beautifying their walls and facade cladding, replacing paints which were the only option available earlier. Tiles that are resistant to stains and dirt, which can be cleaned with a damp mop, sponge, or common household cleaners. Hence, these are preferred in the living areas, on walls, floors, or facades. Also, manufacturers are focusing on making a variety of products that will catch customer interest. Wall tiles with extra sheen and have glossy surfaces, which illuminate a dull room and enhance the style quotient of the living area are gaining more significance in recent times.
Increased Government's focus to Expand Residential Construction Sector is Forecasted to Drive the Market
According to the Ministry of Housing and Construction, Israel as of 2017, there were 2.4 million households in Israel. During 2010 - 2016 the number of permits issued for construction of residential buildings was considerably lower than forecasted housing needs. In fact, for nearly a decade the average number of buildings constructed annually was 325 000 which according to estimates has contributed to an accumulated deficit of over 100,000 units. In order to overcome this, the Israel government announced the "Design and Build" program which facilitates the Large Scale Development of Residential Areas. This program focusses on shortening the construction period and reducing costs by implementing advanced construction methods in large residential projects. This also allows foreign construction companies to construct large scale residential projects which help to expand building activity and increase productivity in the residential construction sector.
The report covers major players operating in Israel ceramic tiles market along with their product portfolio, key financials, and developments. The ceramic tiles market is transforming with many technological advancements through product innovation and process automation. Owing to the technological advancements and creativity in designs, key players are offering plenty of choices that are readily available to the customer in tiles for interiors and exteriors of homes, hotel lobbies, retail outlets, office receptions, and so on.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support