Global Tile Abrasion Testing demand is projected to be valued at US$ 4.32 Billion in 2022, forecast to grow at a CAGR of 5.24% to be valued at US$ 7.2 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
Report Attribute | Details |
Estimated Base Year Value (2021) | US$ 4.1 Billion |
Expected Market Value (2022) | US$ 4.32 Billion |
Anticipated Forecast Value (2032) | US$ 7.2 Billion |
Projected Growth Rate (2022-2032) | 5.24% CAGR |
The abrasion testing of materials such as metals, ceramics, composites, and thick coatings is carried out in order to ensure the abrasion resistance of materials. Tile abrasion testing refers to the capacity of a floor or tile to resist the wear caused due to the movement of various materials, foot traffic, or mechanical equipment.
The wear on a tile depends on the materials carried on the surface. The use of tiles for various applications depends upon the traffic at the particular place. Thus, the selection of tile abrasion testing equipment depends on the traffic on the surface, weather conditions, water, etc.
The rapid growth in the construction industry due to increasing populations, emerging economies, and increasing disposable incomes in countries like China, and India are expected to drive the global tile abrasion testing market.
The tile abrasion testing also ensures the stain resistance, slip resistance on the tile. All these offerings provided by the tile abrasion testing methods are expected to fuel the growth in the global tile abrasion testing market.
Some of the underdeveloped and developing countries may not be familiar with the advantages of tile abrasion testing or cannot afford the tile abrasion testing methods and this may restrain the growth in the global tile abrasion testing market.
Rapid urbanization and growth in the construction industry in the Asia Pacific region are expected to fuel the growth in the tile abrasion market in this region. The high investments made on domestic infrastructure projects in Middle East countries are expected to fuel the growth in the tile abrasion market in this region.
The construction industry is very significant to the EU economy. Owing to the rising trend of renovations projects and growing demand for corporate offices, this sector has witnessed immense growth in the past 4 to 5 years and is expected to maintain its momentum in the forthcoming future. The tile abrasion testing market is growing rapidly backed by the robust growth in the residential and light-commercial segment in the region.
North America region is expected to witness significant growth in residential and commercial building construction during the forecast period. The growth in the construction industry, high investments made on various infrastructure projects, expansion of airport terminals are some of the important factors driving the growth in the tile abrasion testing market in this region.
The ceramic tiles market in the North American region is expected to witness significant growth in the ceramic tiles market due to the development of eco-friendly products. This is expected to fuel the tile abrasion testing market.
Some of the key participants present in the global demand of Tile Abrasion Testing market include Presto Stantest Pvt. Ltd., Caltech Engineering Services, HAIDA EQUIPMENT CO.LTD, Jinan Hensgrand Instrument Co., Hegewald and Peschke, Taber Industries, LIAN GONG GROUP, cooper TECHNOLOGY, Testing Machines, Inc., and Construction Etail among others.
Report Attribute | Details |
Growth Rate | CAGR of 5.24% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2016-2021 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
Customization | Available Upon Request |
Type:
Function:
Region:
FMI projects the global demand of the Tile Abrasion Testing market to expand at a 5.24% value CAGR by 2032
North America is expected to be the most opportunistic Tile Abrasion Testing market, expanding at a ~5% CAGR
Presto Stantest Pvt. Ltd., Caltech Engineering Services, HAIDA EQUIPMENT CO.LTD, Jinan Hensgrand Instrument Co., Hegewald and Peschke, Taber Industries, LIANGONG GROUP, cooper TECHNOLOGY, Testing Machines, Inc., and Construction Etail, among others.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.