Press release
Ceramic Tiles Market Growth Insights to Reach $633.5 billion by 2030
Ceramic Tiles Market
Prime determinants of growth
Rise in urbanization & industrialization in developing nations, surge in spending on home remodeling, and recovery in the construction sector drive the growth of the global ceramic tiles market. However, variations in raw material prices and prominence of natural stones for flooring hinder the market growth. On the other hand, implementation of advanced digital printing presents new opportunities in the coming years.
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MARKET DYNAMICS:
The global ceramic tiles market is fuelled by the expansion of the building industry. Furthermore, growth in the usage of ceramic tiles as an alternate for other goods in residential applications, including as marble, paints, and glass, is projected to boost ceramic tile demand in the near future.
Stringent restrictions governing the emissions of exhaust gases during the production of these tiles, on the other hand, are likely to limit market development. As a result, the adoption of environment-friendly manufacturing methods is projected to provide profitable possibilities for market participants.
Ceramic tiles are used in new residential and residential replacement applications. The market is expected to rise because of an increase in demand for moisture and dust-resistant characteristics in both residential and commercial applications.
In addition, key players are focusing on manufacturing latest and attractive ceramic tiles for such applications. For instance, in November 2020, Crossville, Inc. has launched new Jazz Age porcelain tile series. This one-of-a-kind collection replicates the look of classic hardwood floors with an aged patina. Jazz Age's surface visual is inspired by the character and style of the flooring seen in a 1920s or 1930s nightclub. It is dust and moisture resistant.
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Key Market Segments -
By Type -
Glazed Tiles
Unglazed Tiles
By Application -
Floor Tiles
Wall Tiles
By Construction Type -
New Construction
Renovation and Replacement
Competitve Analysis:
Key companies profiled in the ceramic tiles market report include Ceramica Saloni, China Ceramics, Crossville Inc., Kajaria Ceramics, Lamsoa Group, Mohawk Industries, R.A.K. Ceramics, Siam Cement Group, Ceramica Carmelo Fior, STN Ceramica
Asia-Pacific, followed by Europe and North America, to offer lucrative opportunities
Based on region, Asia-Pacific, followed by Europe and North America, is expected to manifest the fastest CAGR of 6.7% during the forecast period. Moreover, this region accounted for the highest market share in 2020, holding more than half of the global ceramic tiles market, and is projected to continue its dominant share by 2030. This is due to rapid industrial development and urbanization, availability in a wide range of colors and patterns, and demand for residential spaces.
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Key Findings Of The Study
The report provides an extensive analysis of the current and emerging ceramic tiles market trends and dynamics.
Depending on type, glazed segment has dominated the ceramic tiles market, in terms of revenue in 2020.
By application, the floor tiles has registered highest revenue in 2020.
Asia-Pacific region is projected to register highest growth rate in the coming years.
The key players within the ceramic tiles market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the ceramic tiles industry.
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