The increasing industrialization and urbanization in developing economies is projected to propel the growth of the ceramic tiles market during the forecast period.
The Global Ceramic Tiles Market was valued at USD 210.1 Bn in 2020 and is expected to reach USD 295.1 Bn by 2027, with a growing CAGR of 6.8% during the forecast period.
The shift in consumer preference towards replacing marble floors, paints, metal slabs and other home decor products with ceramic tiles is one of the key growth drivers. As the ceramic tiles can be customized as per consumer preferences, the demand for variety of ceramic tiles has increased considerably. Ceramic tiles are available in various textures, designs, colours, sizes and shapes and are now used as an alternative to hardwood and other flooring products like concrete and marbles. Due to these properties, along with their anti-skid, lightweight and anti-bacterial properties, these tiles are commonly used in hotels, hospitals, pharmaceutical manufacturing facilities and laboratories.
The Demand for ceramic tiles is driven by the increasing construction sector throughout the regions. Commercial and residential construction is on an enlargement path in the majority of countries. The residential segment, which accounted for a larger market share, is recording extra transactions with both, new domestic construction , substitute and maintenance construction. Due to the continuing COVID-19 pandemic, the construction sector is going through numerous challenges, like the lack of investment, failure to complete the assignment on time, raw material shortage, lack of skilled labour, excessive operating costs, etc.
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The robust barrier to dust and water is predicted to fuel the stakeholders to capitalize on the underlying possibilities in this industry. However, governmental guidelines concerning the carbon emissions withinside the manufacturing of ceramic tiles CAN hamper the market growth.
Global Ceramic Tiles Market by Region Outlook (Revenue, USD Billion, 2021-2027)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
In terms of geography, North America is another dominant region in the ceramic tiles market and is expected to show a significant growth during the forecast period, on account of the rising construction of non-residential and residential buildings in the region. In addition, presence of several renowned ceramic tile manufactures such as Dal-Tile Corp., Shaw Industries Group,Inc., Marazzi due to the availability of raw material and a high portion of the untapped market is positively driving the ceramic tiles market in this region.
The Global Ceramic Tiles Market Segmentation:
Global Ceramic Tiles Market by Product Outlook (Revenue, USD Billion, 2021-2027)
Global Ceramic Tiles Market by Application Outlook (Revenue, USD Billion, 2021-2027)
• Floor Tiles
• Wall Tiles
Global Ceramic Tiles Market by Construction Type Outlook (Revenue, USD Billion, 2021-2027)
• New Construction
Global Ceramic Tiles Market by End User Outlook (Revenue, USD Billion, 2021-2027)
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• Based on the product, porcelain ceramic tiles are the most dominant category in the ceramic tiles industry and is expected to show a high growth during the forecast period.
• Based on the application, the floor application has accounted for the largest market share in the ceramic tiles market, in 2020 and will continue to hold its market position throughout the forecast period.
• Based on the end user, non-residential end-user segment has accounted FOR the highest growth rate in 2020 and is expected to show a similar growth trend over the forecast period.
• Based on regions, Asia-Pacific is the fastest-growing market and is expected to dominate the global ceramic tiles market during the forecast period.
Company Profiles and Competitive Intelligence
The key players operating in the ceramic tiles market are:
• Mohawk Industries, Inc.
• SCG Ceramics, Inc.
• Grupo Lamosa
• Grupo Cedasa
• RAK Ceramics
• Kajaria Ceramics Ltd.
• Siam Cement Group Public Company Limited
• Ceramica Carmelo Fior
• Grupo Fragnani
• STN Ceramica
• Iris Ceramica
• Crossville Inc
• Florida Tile
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• In December 2019, Kajaria Ceramics released Trends 2020, an excellent variety of ceramic tiles, for the southern locations in India.
• In June 2020, RAK Ceramics and Azizi Developments entered into a settlement for the delivery of floor and wall tiles, and kitchen and toilet fittings for the MBR City waterfront venture in Dubai, the UAE.