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Ceramic Tiles Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

11-21-2023 08:50 PM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Ceramic Tiles Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global Ceramic Tiles Market size accounted for USD 227.9 billion in 2022, growing at a CAGR of 7.6% from 2023 to 2033.The ceramic tiles market involves the manufacturing and distribution of tiles made from ceramic materials, typically clay, and other natural elements. Widely used in residential and commercial construction, ceramic tiles are known for their durability, versatility, and aesthetic appeal. This market has grown due to the demand for flooring and wall covering solutions that offer easy maintenance and a wide range of design options. Key drivers include the tiles' resistance to wear, moisture, and stains, as well as advancements in digital printing technology for diverse patterns and textures. Major players in the market include manufacturers, distributors, and suppliers of ceramic tiles catering to the construction and design industries.
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The ceramic tiles market is primarily driven by the demand for durable, versatile, and aesthetically pleasing flooring and wall solutions in residential and commercial construction. Key factors contributing to market growth include the tiles' resistance to wear, moisture, and stains, as well as advancements in digital printing technology enabling diverse design options. Major industry players, including manufacturers and distributors, play a crucial role in meeting the growing need for high-quality ceramic tiles in the construction and design sectors.
Key Players
Some of the major Ceramic Tiles Market players holding high market shares include Mohawk Industries (US), STN Ceramica (Spain), Siam Cement Group (Thailand) and Grupo Fragnani (Brazil). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Grupo Lamosa (Mexico), Pamesa Ceramica (Spain), RAK Ceramics (UAE), Ceramica Carmelo Fior (Brazil), Kajaria Ceramics (India), and Grupo Cedasa (Brazil).
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Segmental Analysis
Based on Raw Material, the Ceramic Tiles market is segmented into feldspar, kaolin, bentonite, and silica sand.In 2022, the silica sand sector accounted for around 35-38% of the revenue generated by the ceramic tiles market, giving it the upper hand. This is mostly because silica sand is being used more and more in ceramic tile production. Because of its precise composition, superior thermal shock resistance, purity, and homogeneity, silica sand is utilized in the production of tiles.
Based on Product, the Ceramic Tiles market is segmented into ceramic tiles, floor tiles, and others.Floor tiles was the largest market category in 2022 and is expected to grow at the fastest rate between 2022 and 2030.
Based on Application, the Ceramic Tiles market is segmented into residential and commercial.One of the main drivers of the commercial segment's growth is a rise in product demand brought on by the construction of office buildings, shopping complexes, hotels, and other utility areas throughout the world. According to projections, the residential category would develop at the fastest rate between 2022 and 2030.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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