In June 2017, Soci, has unveiled an extensive new tile launch and line extensions more than doubling the company’s most popular porcelain lines. The new product lines include a unique cement series with striking patterns, exquisite waterjet mosaic line extension and nine versatile large-format porcelain collections that feature fix industrial cement looks, two wood looks, a terracotta look and a crisp 3-D textured look.
In November 2015, Building material maker Prism Cement Ltd has acquired a 50% stake in Coral Gold Tiles Pvt Ltd. The acquisition will increase Prism Cement’s tile business capacity to 58 million square metres a year from 54.5 million square metres.
In October 2015, Mumbai based Cement Tile manufacturing firm Bharat Flooring and Tiles Private Limited is planning to acquire an old tile manufacturing unit in Morbi area. The company anticipates the acquisition in Gujarat to cost around Rs 25-30 crore.
In February 2018, New York Cement Tile, a prominent luxury cement tile company based in New York, is announcing the launch of a new collection of hand-made tiles, named “Geometrika.
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Cement Tiles Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Cement Tiles appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Cement Tiles Market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
Cement Tiles Market – Segmentation
Global Cement Tiles Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.
Based on Type, the market has been segmented S Tile, Corrugated Tile and Flat Tile.
Based on Application, the market has been segmented into Residential, Commercial and Industrial.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Cement Tiles Market – Regional Analysis
The Asia-Pacific region dominates the Global Cement Tiles Market and is expected to grow at a highest CAGR during the forecast period. Increase in industrial activity, rising urbanized population, and growing spending capacity are the factors pouring the growth of the market in Asia Pacific region. Singapore, China, Japan, and India are the major market in Asia Pacific region. Economic growth in the region has created a greater requirement of institutional and commercial infrastructure spaces. This fuels the growth of the market. China is one of the leading markets in the Asia Pacific region.
North America is another major region for the Global Cement Tiles Market. In last few years, the annual value of construction in U.S. had been growing continuously. Strong development in commercial and residential structures in the U.S., is expected to fuel the demand for cement tiles market in the region.
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