Ceramic Tiles Market Expecting an Outstanding Growth By 2025

The most popular choice for flooring, ceramic tiles continue to garner greater preference worldwide owing to their stronger, and superior functional attributes. In addition to the anti-skid nature, a host of features like high durability, frost resistance, and economic pricing are expected to sustain the popularity of ceramic tiles in global market. A new upcoming study of Fairfield Market Research suggests that the global ceramic tiles market will remain upbeat on the back of sustained demand from residential, commercial, as well as industrial sectors. Their suitability for institutional buildings also highlights growing opportunities of adoption in the near future. Sales of ceramic tiles will see an upswing as both homeowners, and interior and exterior designers continue to generate demand, says the initial findings of the report.

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Revival of Construction Industry to Sustain Sales

Expansion of building and construction industry remains the prime contributor to ceramic tiles market. Although the market experienced a heavy setback through 2020 due to global COVID-19 outbreak, it has regained momentum with resurgence of construction, and infrastructure projects worldwide, especially in developing economies. Moreover, an increasing number of redevelopment, reconstruction, renovation, remodelling, and interior upgrading projects, prominently in the residential sector, will remain a significant factor driving ceramic tile sales. Consumer preference for the latest fashion trends, and aesthetics further contributes to popularity of tile variants like skid-, and bacterial-resistant, low maintenance tiles. (Glazed) porcelain tiles have been exhibiting solid performance recently over conventional counterparts. This trend will most likely prevail across high-value residential, and commercial projects owing to the versatility, and broader availability of porcelain ceramic tiles. Economical price point will remain an add-on, says the report.

Asia Pacific Global Leader; China Remains Significant

With over 65% of the global ceramic tiles production in 2019, Asia Pacific spearheaded on account of its massive pool of resources, and economical pricing structure. Although the region is yet to have a completely favourable environmental policy structure, ceramic tiles manufacturing will mostly likely encounter the impact of rapidly improving regulatory guidelines regarding building materials, including ceramic tiles. While China remains at the forefront of demand with more than a third of total consumption, residential sectors expanding in countries like India, Malaysia, Indonesia, and Vietnam have been recently showing strong indications of rapid market growth. Greater investment flow to housing sector is expected to serve as the key factor driving Asian markets for ceramic tiles. Europe is another significant growth hub for ceramic tiles manufacturers. The study underscores multiple opportunities in the Middle East and Africa, and Latin America as well.

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Key Market Players

Mohawk Industries, Grupo Lamosa, Grupo Cedasa, Grupo Fragnani, Siam Cement Group, Ceramica Carmelo Fior, RAK Ceramics, STN Ceramica, Kajaria Ceramics, and Pamesa Ceramica

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