Ceramic Tiles Market Revenue and Growth Analysis | Global Market Insights

The ceramic tiles market size is expected to exceed more than US$ 185 Billion by 2024; Growing at a CAGR of more than 9.9% in the given forecast period 2018 to 2025.

The advent of digital prints and use of sophisticated manufacturing technology are expected to enthuse confidence among stakeholders in ceramic tiles market. Ceramic tiles have gained immense popularity among end-users as they are convenient enough to be used in exteriors, floors and outdoors. Emergence of digitalization in ceramic tile production has fostered convenience in producing a range of colors and a battery of combinations to embellish aesthetic value of wall and floor tiles.

Wall tiles will be highly sought-after among end-users on the heels of availability of these advanced tiles in various colors and they possess abrasion and sunlight resistant qualities. Prominently, color retention in ceramic tiles has made them apt for wall in residential sector. Demand for ceramic wall tiles has been more palpable in kitchens, given these products are slip-resistant and streamline home decoration by improving the look of the kitchen.

Ceramic tiles market is likely to surpass US$ 185 billion by 2025, according to the latest research report by Global Market Insights, Inc.

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Ceramic tiles are being highly sought-after in commercial spaces such as offices, hospitals, hotels and sports complexes as these products are profoundly being used to improve aesthetic value of walls and floors. Accordingly, stakeholders will continue to infuse investments in commercial sectors.

Ceramic tile manufacturers have upped their investments in shower ceilings as tiles such as porcelain complement durability, strength and beauty. As ceramic exhibits water safe trademark and derails the chance of water spillage, these tiles have gained immense prominence among end-use consumers.

With ceramic tiles processing emitting lethal gases into the atmosphere, watchdogs in Europe and the U.S. are gearing to implement rigorous regulations pertaining to the extraction and processing of feldspar and Kaolin. As it pans out, ceramic tiles market may grow moderately in North America owing to palpable regulations. It is worth noting that APAC is set to produce around 17,000 tons of carbon dioxide by 2024. However, stringent regulations may also derail the growth of ceramic tiles market.

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Burgeoning construction activities in emerging economies such as India, China, and in advanced economies such as South Korea and Japan are set to fuel APAC ceramic tiles market size. End-users are profoundly inclined towards repairs & renovation and new constructions. Nevertheless, consumers in APAC are gradually doing away with marble floors, metal slabs and paints and embracing ceramic tiles.

Industry forecast alludes presence of medium sized manufacturing companies that have loyal and wide customer base. Some of the prominent companies profiled in the report are Porcelanosa Grupo, Mohawk, Ras AI Khaimah Ceramics, Grupo Lamosa and Ceramiche Atlas Concorde. These companies have widespread supply chain and are emphasizing commercial sectors. Besides, major manufacturers of ceramic tiles are focusing on product roll outs and mergers & acquisitions.

Leading companies are vying to leave no stone unturned to fuel their business strategies by keeping up with quality standards and focusing on product facility expansion. For instance, in Q1 2016, Group Lamosa announced robust plans to boost production capacity by 15% by augmenting the existing 22 plants and building a new plant in San Jose Iturbide, Guanajuato.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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