
With economic growth, increasing urbanization rate and people's disposable income, the requirement on housing quality and comfort is augmenting, China’s ceramic tile market is also booming, with market scale increasing from RMB131 billion in 2007 to RMB380 billion in 2013, representing a CAGR of 19.4%. However, as the growth of investment in real estate slowed down, China’s ceramic tile market also entered a perod of adjustment. In 2013, the peneratation of ceramci tile consumption for new house decoration in China reached 74.7%, but in 2008 this rate is estimated to drop to 68.5%, with market scale hitting RMB402.1 billion.