Cement tiles refer to tiles made up of certain proportions of sand, cement, colors & pigments, and powder, wherein the mixture is compressed under high pressure. These are used extensively for roofing and flooring purposes. Increasing FDI in construction in the Asia Pacific region, supportive government regulations and policies, establishment of SEZs, and minimized construction wastage are expected to have a positive impact on the U.S. cement tiles market. However, the market growth is hampered by fluctuating raw material prices, additional cost, and non-availability of skilled labor.
Governments across all regions are seen promoting and developing their construction sector. Developing nations are particularly bringing various reform and regulations to boost their infrastructure growth and real estate market. Such growth is expected to augment the market growth for modular construction. Expected technological advancements in the recent future, through R&D, are likely to present eco-friendly manufacturing processes and a smooth surface of tiles, making it suitable for almost all locations. The future is looking bright for construction firms across the globe, projecting the global construction market to exceed USD 1 trillion by 2020. The biggest driver of construction industry growth in North America is the positive trends in housing. This is reflected in the current path for spending and employment within the U.S. construction industry.
The import share of the cement tile market is expected to fall as foreign producers expand their manufacturing capacity in the U.S. to fulfill domestic orders quickly and to create products that are specifically tailored to the tastes of the U.S. consumers. The tiles market in the U.S., for various residential and non-residential applications, depend heavily on imported tiles. This is due to the availability of low priced tiles from countries such as Mexico, India, and others. This, however, is not suited to fulfill specific demands of the application industries, as the consumer tastes, preferences, and aesthetic values are constantly changing. It is due to this reason that the country is expected to see an inflow of investments in the construction industry to reduce the number of imports and establish strong base through expanding manufacturing capabilities.
For this study, the U.S. cement tiles market has been divided into two segments, namely type, and application. On the basis of type, the market has been segmented into S tile, corrugated tile and flat tile. The corrugated tile type accounted for the largest market share. Based on application, the market has been segmented into residential, commercial, and industrial. Residential segment accounted for the largest market share of 57.69% in 2016. Increased private and residential construction due to increased disposable income is favoring the market growth.
U.S. Cement Tiles Market: Segment Analysis
The U.S. cement tiles market has been witnessing a growth over the last few years, on account of increasing construction activity, increasing private construction, and increasing FDI in construction. The market has been divided into the following applications:
Residential segment accounted for the largest market share of 57.69% in 2016. Increased private and residential construction due to increased disposable income is favoring the market growth. Moreover, increased focus on aesthetic values has led to a constant change in preferences. There is a continued interest observed in the renovation of houses and buildings to replace old tiles into a more personalized and color coordinated flooring to enhance the construction value.
North America cement tile market is governed by the declining commercial construction activities and moderately growing private construction. The North American market for tiles is highly dependent on imports from other countries. According to the Association of Italian Manufacturers of Machinery and Equipment for Ceramics, the region of NAFTA accounted for 41.60% imports outside integrated area on total tile consumption in 2015. The U.S. accounts for the largest share of the North America cement tiles market. The U.S. demand for decorative tiles by construction sector has been high due to the increased private construction.
The prominent players in the U.S. cement tiles market include Roca Sanitario, S.A. (Spain), RAK Ceramics (UAE), Panaria Ceramica (Italy), Rustico Tile and Stone (U.S.), Otto Tile (U.S.), Crafted Tiles (Spain), Pinar Miro (Spain), Cement Tiles (the Netherlands), and Boral Limited (Australia)
The threat of new entrants in the cement tiles market is medium. The new players, trying to enter the market, are required to make moderate capital investments to set up manufacturing facilities and carry out operations. Furthermore, the technological requirements used in the manufacturing of cement tiles are not high. The new players are exposed to the challenges of the industry, such as impact on environment and others.
Recently, In 2016, RAK Ceramics launched textile concrete tiles. This textile concrete glazed gres porcelain tile collection is a design combination of the softness of fabrics with the durability of concrete
In 2015, Rustico Tile and Stone unveiled an expanded line of its Saltillo tile products and a custom design tool for customizing cement tiles.
The report for U.S. Cement Tiles market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and countries.
Frequently Asked Questions (FAQ) :
U.S. cement tiles market projected to grow at approximately 3.93% CAGR during the assessment period (2017-2023).
On the basis of type, the corrugated tile and on the basis of application, the residential segment holds majority shares in the U.S. cement tiles market.
Innovation in both product lines & manufacturing processes and new manufacturing technologies are major tailwinds pushing the growth of the U.S. cement tiles market.
RAK Ceramics (UAE), Roca Sanitario, S.A. (Spain), Panaria Ceramica (Italy), Otto Tile (U.S.), Rustico Tile and Stone (U.S.), Crafted Tiles (Spain), Cement Tiles (the Netherlands), Pinar Miro (Spain), and Boral Limited (Australia), are some of the top players operating in the U.S. cement tiles market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the U.S. cement tiles market adopt to gain a larger competitive advantage.
1 Executive Summary
2 Market Introduction
2.1 Definition 13
2.2 Scope of the Study 13
2.3 List of Assumptions 14
2.4 Market Structure 14
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction 21
4.2 Drivers 22
4.2.1 Increased popularity of tiles 22
4.2.2 Increasing FDI in construction 22
4.2.3 Supportive government regulations and initiatives 23
4.2.4 Drivers Impact Analysis 24
4.3 Restraints 25
4.3.1 Impact on the environment 25
4.3.2 Restraints Impact Analysis 25
4.4 Opportunities 25
4.4.1 Expanding market in the U.S. 25
5 Market Factor Analysis
5.1 Value Chain Analysis 28
5.1.1 Raw Material Supply 28
5.1.2 Manufacture 28
5.1.3 Distribution 28
5.1.4 End-user 28
5.2 Porter’s Five Forces Model 29
5.2.1 Threat of New Entrants 30
5.2.2 Bargaining Power of Suppliers 30
5.2.3 Bargaining Power of Buyers 30
5.2.4 Threat of Substitutes 30
5.2.5 Intensity of Rivalry 30
6 U.S. Cement Tiles Market, By Type
6.1 Overview 32
6.1.1 S Tile 32
6.1.2 Corrugated Tile 32
6.1.3 Flat Tile 32
7 U.S. Cement Tiles Market, By Application
7.1 Overview 34
7.1.1 Residential 34
7.1.2 Commercial 34
7.1.3 Industrial 35
8 Competitive Landscape
8.1 Competitive Landscape 37
9 Company Profiles
10.1 Key Findings 59
10.1.1 CEO’s Viewpoint 59
10.1.2 Key Companies to Watch 59
10.1.3 Prediction 59
11.1 References 61
12 List of Tables
TABLE 1 MARKET SYNOPSIS 11
TABLE 2 LIST OF ASSUMPTIONS 14
TABLE 3 SHARE OF TOP FIVE COUNTRIES ATTRACTING FDI EQUITY INFLOWS FOR CONSTRUCTION DEVELOPMENT, 2000-2015
(USD MILLION) 23
TABLE 4 TOP IMPORTING COUNTRIES, CEMENT TILES, 2020-2027 (USD THOUSAND) 26
TABLE 5 TOP EXPORTING COUNTRIES, CEMENT TILES, 2020-2027 (USD THOUSAND) 26
TABLE 6 U.S. CEMENT TILES MARKET, BY TYPE, 2014-2023 (USD MILLION) 32
TABLE 7 U.S. CEMENT TILES MARKET, BY APPLICATION, 2014-2023 (USD MILLION) 35
13 List of Figures
FIGURE 1 U.S. CEMENT TILES MARKET: MARKET STRUCTURE 14
FIGURE 2 RESEARCH PROCESS OF MRFR 16
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 4 DROC ANALYSIS OF U.S. CEMENT TILES MARKET 21
FIGURE 5 WORLD VS AMERICAS TILE PRODUCTION, 2020-2027 (MILLION SQUARE METERS) 22
FIGURE 6 FDI INFLOWS IN U.S. ECONOMY, IN TRILLIONS (2020-2027) 23
FIGURE 7 DRIVERS IMPACT ANALYSIS: U.S. CEMENT TILES MARKET 24
FIGURE 8 RESTRAINTS IMPACT ANALYSIS: U.S. CEMENT TILES MARKET 25
FIGURE 9 VALUE CHAIN: U.S. CEMENT TILES MARKET 28
FIGURE 10 PORTER'S FIVE FORCES ANALYSIS OF THE U.S. CEMENT TILES MARKET 29
FIGURE 11 ANNUAL VALUE OF PRIVATE CONSTRUCTION, U.S., 2020-2027 (USD MILLION) 34
FIGURE 12 ANNUAL VALUE OF PUBLIC CONSTRUCTION, U.S., 2020-2027 (USD MILLION) 35
FIGURE 13 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN CEMENT TILES MARKET, 2020-2027, (%) 37