After several years of contraction and weak growth, the Canadian tile market experienced a 14.9% jump from the previous year. In 2017 Canadian ceramic tile consumption was 43.1 million sq.m, its highest point since 2010. As there is no significant ceramic tile production in Canada, imports approximately equal consumption. The five countries from which the most tiles were [...]
The global talc market is projected to grow from an estimated $2.7 billion in 2018 to $3.4 billion by 2023, increasing at a CAGR of 4.6% from 2018 to 2023, according to a report available from Research and Markets. Growth of the market can be attributed to the rising demand for talc-reinforced polypropylene from the [...]
Is the meltdown in the Turkish lira a foretaste of things to come in emerging markets? Apart from the lira, how are the currencies of the other “Fragile Five” economies of 2013—Brazil, Indonesia, India and South Africa—doing? What are the chances of India being affected? These are some of the questions doing the rounds, as the plunging [...]
MORBI : The huge increase in Morbi in the number of new units manufacturing vitrified tiles has left India’s largest ceramic industry cluster saddled with excess production of such tiles. Overproduction of vitrified tiles has put tile-makers in the area under pressure to keep prices low. In the past two years, around 133 new vitrified tile manufacturing facilities have become [...]
India’s largest cluster of ceramic tile makers, Morbi is set to witness a flurry of new units, mainly for manufacturing wall tiles, thanks to growing demand in both domestic and international markets. As many as 50 new units, most of them wall tile making facilities, are going to be set up in 10 months. A fresh investment of up to Rs 1,500 crore is expected to be made for these units, say industry players.
India's ceramic industry is looking to almost double its turnover to Rs 50,000 crore by 2020, driven by rising domestic consumption and exports to the Middle-East, Europe and other newer destinations. The manufacturers are poised to compete with China in the global ceramic market, which is a lead exporter with 40 per cent market share, [...]