Ceramic Tiles Market is Dominated by Top Five Key Players Across the World- 2023

Market Overview:

The Global Ceramic Tile Market is highly influenced by the construction sectors in both, public and private domains. The construction industry, especially, residential and private construction has been able to push the market for tiles. There has been an increased disposable income, which in turn boosts the demand for renovation and new construction. The renovation activities are often taken up as a result of enhancing construction value and to increase the aesthetic value of the construction. Decorative tiles come handy in fulfilling such requirements.

The rise in FDI inflows was more prominent in developed economies, which received USD 962 billion in 2015, i.e. 84% more than in 2014. The Asia-Pacific region continued to receive a significant amount of FDI inflows, totalling USD 559 billion in 2015, an increase of 5.6% over 2014 level. The FDI inflows in construction in Asia-pacific region, has led to increased construction projects and real-estate development. This, along with FDI in retail, has pushed the number of retail outlets in the region. This induces the demand for Ceramic Tiles in the region.

The governments across regions are seen promoting and developing their construction sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. Such growth is expected to augment the market growth of Ceramic Tiles. However, there are certain factors that hamper the market growth such as its impact on environment, fluctuating raw material prices, and availability of skilled labor.

Ceramic Tiles Market is expected to grow with the CAGR of approximately 6.17% during the forecast period.

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Major Key Players:

Some of the Top Key Players functioning in the Global Ceramic Tile Market are:

• The Siam Cement Public Company Limited (SCG),
• Mohawk Industries Inc.,
• Kajaria Ceramics,
• Roca Sanitario,
• S.A.,
• RAK Ceramics, Group Lamosa,
• Panariagroup Industrie Ceramiche S.p.A,
• Guangdong Dongpeng Ceramic Co., Ltd.,
• Gruppo Concorde,
• Pamesa Ceramica.

Market Segmentation:

The Ceramic Tile Market is segregated into the Type, Application, and Region:

By Type:
• Porcelain Tiles,
• Glazed Ceramic Tiles,
• Unglazed Ceramic Tiles
By Application
• Commercial Usage,
• Household Usage
By Region
• North America,
• Asia Pacific (APAC),
• Europe,
• Rest of the World (ROW)

Regional Analysis:

Geographically, Ceramic Tile Market is segmented across Four Regions in the world namely:

• North America,
• Europe,
• Asia Pacific (APAC),
• Rest of the World (ROW)

The Global Ceramic Tile Market is highly influenced by the construction sectors in both public and private domain. The construction industry especially residential and private construction has been able to push the market for tiles. The increase in disposable income boosts the demand for renovation and new construction. The renovation activities are often taken up as a result of the enhancing construction value and to increase the aesthetic value of the construction. Decorative comes handy in fulfilling such requirements.

Furthermore the Global Ceramic Tiles Market is governed by the international trades. Due to increasing infrastructure and construction activities, tiles are demanded from across the globe. This induced the market of tiles in the countries such as India, Mexico, China and others. These countries are leading the export trade of tiles in the world.

Asia-Pacific region dominates the Ceramic Tiles Market. The region is regarded as one of the prominent producers and consumers of tiles, across the globe. With rapid industrialization, urbanization, changing consumer tastes and supportive government measures, the region is expected to emerge as one of the most important regions for tiles market. China is forecast to be the largest market for ceramic tiles, owing to the change in its economic structure from production-based to consumption-based. The favourable economic climate along with supportive government initiatives, has led to the expanding manufacturing capabilities in China.

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