CEMENT TILES MARKET VALUE DRIVERS

One of the key drivers of this growth is the rising demand for high-performance concrete in construction projects. The Philippines concrete reinforcing fiber market is poised for significant expansion in the upcoming years. Furthermore, an increase in awareness about advanced construction technologies will further drive the demand for these products in coming years. This growth is aiding the demand for better quality building materials such as concrete reinforcing fibers. The country`s construction industry has been expanding due to increasing government and private investments, along with growing infrastructure projects in the residential sector. The Philippines concrete reinforcing fiber market is estimated to grow at a CAGR of approximately 9.4% during the forecast period. Philippines concrete reinforcing fiber market Synopsis Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Philippines Cement Tiles Market in 2017. The country was offering its product with an average price which is higher than the average market price offered in the country. In 2017 China had the largest market share of 76.63% with the shipment value of 3.5 million USD. China, Thailand, Japan, South Korea and Italy were among the top players of the market in 2022, where China acquired the largest market share of 81.38% with a shipment value of 3.55 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Cement Tiles Market. The import factor of Cement Tiles Market in 2022 was 0.21 while in 2017 it was 1. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. Philippines has reportedly relied more on domestic production to meet its growing demand in Cement Tiles Market. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. Herfindahl Index measures the competitiveness of exporting countries. In Cement Tiles Market Philippines is becoming less competitive as HHI index in 20 while in 2017 it was 5956. Philippines Cement Tiles Market registered a growth of 24.56% in value shipments in 2022 as compared to 2021 and a decrease of -4.32% CAGR in 2022 over a period of 2017. Philippines Cement Tiles Market Shipment Analysis

Cement tiles market value