Homeowners Drive Growth for Decorative Tile
CLEVELAND, March 25, 2019 /PRNewswire/ -- US demand for decorative tile in
flooring applications is forecast to climb 2.3% per year to 3.5 billion square
feet in 2023. The residential market will support demand for decorative tile's
use in flooring, as rising personal incomes will allow more homeowners to
undertake such projects as the renovations of kitchens and bathrooms and the
addition of new bathrooms. These and other trends are presented in Decorative
Tile, a new study from The Freedonia Group, a Cleveland-based industry research
firm.
More information about this study is here:
https://www.freedoniagroup.com/industry-study/decorative-tile-3697.htm
Porcelain tile will see the fastest growth rate through 2023 of all decorative
tile material. Gains will be driven by porcelain's increased adoption due to
durability, wear and slip resistance, and aesthetic qualities. Porcelain tile
flooring can be made to look like natural stone or hardwood planks and to
feature highly textured surfaces that are seen as attractive by many consumers.
The rise in popularity of thin porcelain tile (TPT) – which is lightweight,
durable, and easy to install – will further support gains.
US demand for decorative tile is forecast to expand 2.4% per year to 4.1 billion
square feet in 2023. Growth will be supported by increasing commercial
improvement and repair spending, which generates demand for decorative tile
through the retrofitting of existing structures and the addition of new space to
existing buildings.
Decorative Tile (published 03/2019, 172 pages) is available for $5300 from The
Freedonia Group. Please link citations to
https://www.freedoniagroup.com/Decorative-Tile.html
About The Freedonia Group, a division of MarketResearch.com – The Freedonia
Group is a leading international industrial research company publishing more
than 100 studies annually. Since 1985, we have provided research to customers
ranging in size from global conglomerates to one-person consulting firms. More
than 90% of the industrial companies in the Fortune 500 use Freedonia Group
research to help with their strategic planning. Additional Construction &
Building Products studies can be purchased at www.freedoniagroup.com,
www.marketresearch.com and www.profound.com.