Ceramic Tiles Market Size, Share, Growth Industry Analysis and Forecast | Leading Players Porcelanosa Grupo, Muliakeramik Indahraya, RAK Ceramics, China Ceramics, Florida Tile

The global ceramic tiles market accounted to US$81.01 Bn in 2017 and is expected to grow at a CAGR of 5.5% during the forecast period 2018 - 2025, to account to US$122.59 Bn by 2025.

As a product the ceramic tiles have grown to a considerable chunk and the market for the same is observing a rapid growth with regards to the product innovations being carried out by the ceramic tiles market players. Another factor catalyzing the ceramic tiles market growth in the current scenario is the initiatives undertaken to enhance the infrastructure construction industry by various governments of developed countries as well as developing economies. The ceramic tiles market consists of large and well-established players as well as tier-2 and tier-3 companies across the globe, which invests huge amounts in order to deliver the most enhanced materialized tiles to their customers. In addition, the infrastructure / construction industry across the globe is experiencing significant growth rate attributing to the demand from the mass. Parallel to this, the global infrastructure industry is also experiencing a decent demand for lightweight, durable and anti-stain materials for their buildings. Owing to this factors, the players operating in the ceramic tiles industry are procuring increased amount of ceramic tiles, which in turn is increasing the production line of ceramic tiles in the current scenario.

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The prominent companies operating in the field of ceramic tiles across the globe include Mohawk Industries, China Ceramics Co. Ltd., Florida Tile Inc., Grupo Lamosa, S.A.B. DE C.V., Gruppo Ceramiche Ricchetti S.P.A., Kajaria Ceramics Ltd., Porcelanosa Grupo A.I.E., PT. Muliakeramik Indahraya, RAK Ceramics, and The Siam Cement Public Co. Ltd. among others. Various other companies are also operating in the market and are coming up with new offerings which is helping the market for ceramic tiles to expand over the years in terms of revenue and adoption.

The construction industry is expanding at a steady growth rate in the developed regions across the globe. While on the other hand, in the developing regions, the industry is experiencing a substantial growth rate. Investments in infrastructure construction industry is continuously growing across the globe. The major focus of investments is on the residential sectors as the global population is constantly increasing at an exponential rate, which is demanding more residential spaces. The number of new residential buildings or individual houses rose rapidly over the years in the developed as well as developing nations worldwide. The US infrastructure industry is set to continue relatively fair growth rate during the forecast period which is heavily supported by residential constructions. Similarly, Canada's New Canada Building Plan is supporting the construction industry in the country and the same is expected to drive the industry in the coming years. The growing investments and initiatives in the residential and commercial construction in North American countries is influencing the ceramic tiles manufacturers to increase their production. This factor is boasting the ceramic tiles market in the North America region. Construction in European countries is also increasing slowly, demanding improved building materials such as ceramic tiles. European countries namely; Spain, Italy, and Turkey are experiencing demand for increased number of residential sectors as well as commercial spaces, thereby, catalyzing the demand for ceramic tiles. The increased demand from the builders in the countries is propelling the production lines of ceramic tiles year on year in these countries, thereby, substantially driving the ceramic tiles market in the European region.

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The global infrastructure construction industry is witnessing significant transformation in terms of investments, building materials and innovation of advanced materialized products among others. The developing countries are investing substantially in order to enhance their residential and commercial infrastructures. Parallel to this factor, the builders and constructors are also opting for improved performance, low cost and durable products for the newer constructions and also for renovation works. Various types of building materials available in the current construction industry includes; marble, granite, ceramic tiles, vitrified tiles and others. The ceramic tiles have gained popularity among a larger section of builders and constructors across the globe, owing to various improved performance parameters.

Key findings of the study:

-Asia Pacific is anticipated to account the largest ceramic tiles market share.
-Based on the type, floor tile is projected to dominate the ceramic tiles market.
-In 2017, the residential segment dominated the market by application.

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