Tiles Market in Indonesia to Cross $ 4 Billion by 2026
Growing
construction of residential and commercial buildings coupled with increasing purchasing
power parity expected to fuel Indonesia tiles market through 2026
According to TechSci
Research report, “Indonesia
Tiles Market By Material, By Type, By Application, Competition Forecast
& Opportunities, 2012 – 2026”, tiles
market in Indonesia is projected to reach $ 4.3 billion by 2026, on the back of
increasing construction activities in both residential and commercial sectors
in the country. By 2019, a large number of real estate projects are scheduled
for completion in Indonesia, consequently, generating huge demand for tiles to
cover walls, floors and roofs. Moreover, growing purchasing power and increasing
investments by Indonesia government to boost infrastructure development in the
country is expected to positively influence Indonesia tiles market in the
coming years.
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Tables and 41 Figures spread through 82 Pages and an
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In
terms of tile material, the market has been segmented into three categories,
namely ceramic tiles, natural stone tiles and mosaic tiles. Of these
categories, ceramic tiles are widely used in the country, owing to their
elegant look and low price as compared to other categories. Moreover, these
tiles are easy to manufacture and are suitable for different applications such
as floors, walls, kitchen counters, bathroom and walkways. In addition, humid
sub-tropical climate across the country is resulting in the growing adoption of
ceramic tiles, consequently, ceramic tiles segment is anticipated to continue
its dominance in Indonesia tiles market during the forecast period.
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“Majority of urban population resides in Java, thus, several residential
and commercial buildings are being constructed in the region, which is
resulting in high consumption of tiles in the region as compared to other
regions of the country. Backed by increasing construction activities in the region’s
real estate sector, especially skyrise apartments, Java region is
expected to be the largest consumer of tiles in Indonesia through 2026,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Indonesia
Tiles Market By Material, By Type, By Application, Competition Forecast &
Opportunities, 2012 – 2026” has
analyzed the potential of Indonesia tiles market and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers and key challenges
faced by the industry.
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TechSci Research
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