Press release
Vitrified Tiles Market to Reach $9.17 Billion by 2030, Driven by Demand for Durable and Aesthetic Flooring Solutions
Vitrified Tiles Market
The report provides an in-depth analysis of the global vitrified tiles market, covering market dynamics, segmentation, regional landscape, and competitive scenario. It aims to offer a comprehensive overview to industry stakeholders, with special attention given to the impact of the COVID-19 lockdown.
Robust research methodologies, including PEST, PORTER's, and SWOT analysis, have been employed to understand the market's micro-economic factors and their potential impact. The report covers market trends from 2018 to 2030, with 2023 as the base year.
Market Values:
The Global Vitrified Tiles Market was valued at US$ 7.66 Billion in 2023 and is expected to reach US$ 9.17 Billion by 2030, growing at a CAGR of 2.6% during the forecast period.
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Market Drivers
Increasing demand for tiles with better textural appeal, durability, and ease of installation
Adoption of advanced printing technologies like digital printing, 3D printing, and anti-microbial glazing
Market Restraints
Higher cost of vitrified tiles compared to ceramic tiles
Labor shortages and raw material scarcity due to the COVID-19 pandemic
Key Segments
By Product: Glazed body vitrified tiles expected to witness high growth due to increasing residential demand
By Application: Residential segment to contribute majorly, driven by expansion of smart homes and innovative thermal tiles
Regional Insight
Asia-Pacific region to hold a significant market share, fueled by construction activities and infrastructure development in countries like India, China, Malaysia, and Indonesia
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What is Vitrified Tiles Market Segmentation:
by Type
1. Double Charged Vitrified Tiles
2. Full Body Vitrified Tiles
3. Soluble Salt Vitrified Tiles
4. Energy Industry
5. Military & Defense
6. Oil & Gas
7. Others
by Application
1. Residential
2. Commercial
3. Others
Glazed body vitrified tile is anticipated to increase at a rapid rate over the projected timeframe. The rising demand for these tiles in residential applications is credited with driving this market expansion. Compared to other ceramic tile varieties, it offers greater features. Benefits like its exceptional durability and opulent appearance are what are anticipated to drive up demand for this market.
The residential sector is anticipated to account for a significant portion of the global vitrified tile market. The market for vitrified tiles is anticipated to develop as smart houses become more prevalent and as a result, more creative thermal tiles, such as those that generate warmth, save energy, or cool buildings, are installed primarily in residential structures.
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Who are Vitrified Tiles Market Key Players:
1. Ceramica Carmelo Fior
2. Lamosa
3. Mohawk Industries
4. Ras Al Khaimah (RAK) Ceramics
5. SCG
6. Casalgrande Padana
7. CELIMA TREBOL Group
8. Bell Granito Ceramica
9. Ceramic Industries
10. Ceramiche Castelvetro
11. Cerindustries
12. Building Materials Group
13. Ceramiche Coem
14. Concorde Group
15. Altaeco
16. PT Arwana Citramulia
17. Ascot Group
18. Asian Granito India
19. Cooperativa Ceramica d'Imola
20. Marca Corona
21. Crossville
22. Del Conca Group
23. DYNASTY Ceramic Public Company
24. Eagle Roofing Products
25. Emilgroup
26. Fiandre Group
27. Iris Ceramica
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Table of content for the Vitrified Tiles Market includes:
Global Vitrified Tiles Market: Research Methodology
Global Vitrified Tiles Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Vitrified Tiles Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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