Press release
Ceramic Tiles Market Size Worth USD 366.08 billion by 2029, Size, Trends, Growth Opportunities, Key Players and Forecast
Ceramic Tiles Market Overview:The ceramic tiles market has been growing at a substantial rate due to population growth, followed by a good rise in the disposable income of people. Also, there has been a rapid degree of growth in renovation and remodeling activities which has to lead to an increase in investments in the residential and commercial sectors.
The global Ceramic Tiles market size was valued at USD 207.7 billion in 2020, and is projected to reach USD 366.08 billion by 2029, registering a CAGR of 6.5% from 2022-2029.
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Ceramic tiles are extensively used in both residential and commercial structures because of their durability and resistance. Ceramic tile protective coatings are highly water resistant, stain resistant, and can be cleaned easily. The glazing on ceramic tiles is intact, which provides dust protection. Ceramic tiles are idle for use on walls and floors, as well as in residential and commercial interiors. They are also utilized as bathroom wall and kitchen floor surfaces in homes, restaurants, workplaces, and shops. They are easy to install, clean, and maintain, and are reasonably priced.
Ceramic Tiles Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Mohawk Industries, Siam Cement Group, Grupo Lamosa, RAK Ceramics, Kajaria Ceramics, Grupo Cedasa, Ceramica Carmelo Fior, Pamesa Ceramica, Grupo Fragnani, STN Ceramica and Others
Recent Development
In January 2021, a team of scientists at the University of New South Wales produced ceramic-based ink for the 3D printing of bone components. The ink is made up of calcium phosphate, and hence, can also be used to repair damaged bone tissues.
In December 2020, Tecglass, a leading digital glass printing supplier based in Spain, announced the launch of its new professional ink line. The JETVER HA series of inks are designed to deliver durability and precision, especially for the in-home appliance sector.
In January 2020, Esmalglass-Itaca Group, a Spanish multinational organization, announced the acquisition of the Tile Coatings Business of Ferro Corporation. The acquisition was valued at US$ 460 million and some additional amount based on pre-closing business performance.
In August 2020, SCG Cement-Building Materials Company Limited entered into a share purchase agreement to acquire all shares of Oitolabs Technologies Private Limited in India, to support SCG CBM's digital technology and software development with the aim of delivering values to customers and enhancing growth opportunities.
In June 2020, RAK Ceramics and Azizi Developments entered into an agreement for the supply of floor and wall tiles, and kitchen and bathroom fittings for the MBR City waterfront project in Dubai, the UAE.
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Ceramic Tiles Market Segmentation:
Global Ceramic Tiles Market by Type, 2020-2029, (USD Million) (Kilotons)
Porcelain
Glazed
Unglazed
Global Ceramic Tiles Market by Application, 2020-2029, (USD Million) (Kilotons)
Flooring
Internal Wall
External Wall
Others (Roof, Ceiling, Countertop)
Global Ceramic Tiles Market by End Use Sector, 2020-2029, (USD Million) (Kilotons)
Residential
Non-Residential
Growth Factors:
Increasing demand from the Ceramic Tiles industries
The growing use of Ceramic Tiles in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Ceramic Tiles Market
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Ceramic Tiles Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Ceramic Tiles Market Trends
- The report identifies, determines, and forecasts the Global Ceramic Tiles Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Ceramic Tiles Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Ceramic Tiles Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Ceramic Tiles Market.
Key Questions
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling the demand for ceramic tiles during the forecast period?
How current trends will impact the ceramic tiles market?
Who are significant market participants in the ceramic tiles market?
What are the crucial strategies of prominent players in the ceramic tiles market to upscale their positions in this landscape?
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