Global Ceramic Tiles Market Growth Rate (CAGR) of 8.9% from 2017 to 2025

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Market Study on Ceramic Tiles: Flooring Application Segment to Remain Dominant Through 2025” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Ceramic Tiles Market would rise at a positive CAGR during the period 2017-2025.

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Healthy recovery of construction industry, particularly in developing nations and a significant emphasis on reducing the CO2 emission at the time of installation has led to noteworthy advancement in the global ceramic tiles market.

The global ceramic tiles market is estimated to be valued at US$ 84,755.4Mn by 2017 end and is expected to reach US$ 167,033.1 Mn by the end of 2025, expanding at a value CAGR of 8.9% over the forecast period. The ceramic tiles market is anticipated to represent incremental opportunity of US$ 82,277.7Mn between 2017 and 2025. In terms of volume, the ceramic tiles market is estimated to reach 32,166 Mn Sq Mt by 2025, exhibiting a volume CAGR of 8.6% over the forecast period.

Factors influencing the ceramic tiles market growth

Growing economy, urbanization, demand for repair and maintenance, higher per capita income, and other such factor are triggering the global ceramic tiles market. Furthermore, increasing demand of better aesthetics, sustainability and structural reliability without a significant increase in price is expected to create opportunity in ceramic tiles market. Increasing residential replacement segment is also expected to accelerate the global ceramic tiles market.

Ceramic Tiles Market Segmentation

The ceramic tiles market is segmented on the basis of application, formulation, end-use and sales type. On the basis of application, the Ceramic Tiles market is segmented into walls tiles, flooring tiles, partitions and roofs. Based on the formulation, the ceramic tiles market segments into dry pressed, extruded and casting. Key regions covered in the report includes North America, Latin America, Asia Pacific, Europe and Middle East & Africa

Ceramic Tiles Market Analysis, by Application

Walls ceramic tiles is projected to account for 40.5% value share in the global ceramic tiles market by 2025 end, increasing at a CAGR of 10.2% over the forecast period. This is attributed to increasing demand for walls ceramic tiles owning to rapidly increasing population and growing residential construction industry. Another factor for the growth of walls ceramic tiles is increasing demand for better surface textural beauty. Flooring segment in the application category is estimated to reach a higher valuation of about US$ 79 Bn by 2025 end and is likely to be the largest segment in the coming years.

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Ceramic Tiles Market Analysis, by Formulation

Among formulation, the conventional fuel segment is projected to dominate the ceramic tiles market in 2017 and the segment is forecast to account for 54.2% market value share by the end of 2025. The growth of the segment is largely attributed to increasing demand of dry pressed ceramic tile. Manufacturer are shifting towards casting technology for manufacturing the better quality ceramic tiles.

Ceramic Tiles Market Analysis, by End Use

Increasing residential activity in Asian and GCC Countries are expected to boost ceramic tiles market. The global ceramic tiles market by end use can be segmented in residential and non-residential. Residential segment is projected to account for 61.5% value share in 2017 and expand at a CAGR of 10.0%. Non-residential segment is projected to account for 38.5% value share in 2017 and expand at a CAGR of 6.8%.

Ceramic Tiles Market Analysis, by Sales Type

Growing new construction activities is expected to have a direct impact on the demand for ceramic tiles for new installation. The new installation sales type segment is expected to account for 55.5% value share in 2017 and expand at a CAGR of 10.5%. Replacement segment is having 45.2% value share in 2017 and expanding at a CAGR of 6.6%.

Ceramic Tiles market analysis, by Region

From region perspective, Asia Pacific is anticipated to represent 63.6% of the total revenue share in 2017. The market is anticipated to increase at a value CAGR of 9.3% over the forecast period. Sales revenue of ceramic tiles in Asia Pacific region is anticipated to reach US$ 109,757.1 Mn by the end of 2025. Market growth for the region is anticipated to remain high compared to the global average between 2017 and 2025.      

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