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The real estate construction industry is one of the rapidly growing industries, providing impetus to not only the commercial construction sector but also to the ceramic tiles industry. The development of technically superior and high-end products is also significant for the growth of the industry. Digital printing technology is one of the major factors transforming the ceramic tiles industry; it creates durable, shiny, smooth, and aesthetically appealing tiles. It also improves the manufacturing process, increases production speed, and creates complex designs on the tiles, aiding the growth of the market. It can incorporate any design or artwork and can be customised with any pictures or graphics. In the Asia Pacific, India is one of the largest producers and consumers of ceramic tiles. Various government schemes are boosting the market growth. Several initiatives, such as Swachh Bharat Abhiyan, Housing for All By 2022, and Development of 100 Smart Cities, among others, for infrastructure development and demographic growth, are also propelling the market growth.
The key players of the market have been using various technological innovations in the development of ceramic tiles to bolster the market growth. In January 2020, Mohawk Industries Inc. (NYSE: MHK), one of the leading players in the industry, launched a wide variety of tiles such as colour wheel collection, mythology, resilience, and confectionary, among others. Additionally, they developed products like RevoTile, which features ClicFit technology, to ensure the ultimate quality and performance in design. It also provides ultra-realistic wood, stone, marble, and concrete looks. Similarly, Kajaria Ceramics Limited (NSE: KAJARIACER), another key player in the industry, offers a unique collection of tiles that gives an experience of real nature. Several 3D technology and digital prints are used for the creation of such tiles, further propelling the growth of the industry.
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The major players in the global ceramic tiles market are Mohawk Industries, Inc., SCG Ceramics Public Co., Ltd., Grupo Lamosa, Dynasty Ceramic Public Company Limited, and Kajaria Ceramics Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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