According to the recent research report titled ‘Large Format Ceramic Panel Market (2019 Edition) - World Market Review and Forecast to 2024 - By Application, By Thickness, By Region, By Country (2014-2024)-- By Country, available with Market Study Report, global large format ceramic panel market is projected to expand with a CAGR of 9.42% and record a growth of 11.83% by volume during 2019-2024.
 

Shifting preference of customers towards large size seamless ceramic tiles owing to its unique properties, innovations in manufacturing processes, presence of well-established distribution channels, and advancements in construction industry are driving the growth of global large format ceramic panel market.
 

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Notably, extra-large size ceramic tile or large format ceramic panels are available in wide variety of dimensions ranging from 100 centimeter*300 centimeter to 160 centimeter*480 centimeters of length and breadth respectively along with thickness of 3 millimeter to 30 millimeter adds momentum to the market expansion. These tiles are widely used in interior design and architecture owing to their properties such as exceptional physical & mechanical features, lightweight, and perfect flatness. The demand for these tiles is projected to display maximum advancement on account of its high relevance in various end-user applications, especially in high-end residential and commercial buildings.
 

Based on application spectrum, global large format ceramic panel market is divided into exterior cladding & countertops, interior wall, and flooring. Speaking of thickness, the market is bifurcated into 12mm and above, 9.1mm to 12mm, 5mm to 9mm, and 3mm & below.
 

Citing the regional landscape, global large format ceramic panel market is split into Asia Pacific, G.C.C., North America, Europe, and Rest of the World. As per the report, Europe held 64.82% of market share in the year 2018 and is likely to depict strong growth patterns in the upcoming years owing to flourishing construction industry, changing customer preferences, and economic development in the region.
 

Major players in global large format ceramic panel market are RAK Ceramics P.J.S.C, Florim Ceramiche S.p.A., Levantina, ABK Group, GranitiFiandre SpA, Neolith, and Laminam SpA.