Press release
Vitrified Tiles Market Dynamics: Forecast to Reach US$ 9.17 Bn by 2030 with 2.6% CAGR
Vitrified Tiles Market
Vitrified Tiles Market Overview:
The global vitrified tiles market, valued at $7.66 billion in 2023, is set to reach $9.17 billion by 2030, growing at a steady CAGR of 2.6% over the forecast period. This growth is driven by increasing demand for tiles that offer superior textural appeal, durability, and ease of installation.
Vitrified tiles, known for their low porosity, serve as an excellent alternative to marble and granite flooring, especially in outdoor settings due to their water and frost resistance. These tiles are manufactured through hydraulic pressing of a mixture of clay, quartz, feldspar, and silica, resulting in a vitreous surface. The COVID-19 pandemic has significantly disrupted global supply chains, affecting the production processes of many industries, including vitrified tiles. The World Health Organization declared the outbreak a global public health emergency on January 30, 2020. The ensuing lockdowns and restrictions have led to labor shortages and raw material scarcities, impacting the market's growth trajectory.
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Vitrified Tiles Market Scope and Methodology:
This report aims to provide a thorough understanding of the Vitrified Tiles market, focusing on market-oriented strategies. It identifies key trends, growth drivers, challenges, and potential opportunities. The data is gathered using both primary and secondary research methods. Primary data is obtained through interviews and surveys with key industry stakeholders, including manufacturers, suppliers, distributors, customers, and experts. Secondary data is sourced from industry reports, market analyses, corporate websites, annual reports, trade journals, government publications, and databases.
The report includes a detailed analysis of the business strategies of top companies, such as partnerships, mergers, acquisitions, and collaborations. A SWOT analysis is used to assess the company's market position, highlighting strengths, weaknesses, opportunities, and threats. The Vitrified Tiles Market is analysed using feasibility studies, investment return analyses, and Porter's Five Forces framework. Global and regional Vitrified Tiles market sizes are calculated using a bottom-up approach.
Vitrified Tiles Market Regional Insights:
The Regional Analysis section provides an overview of the current situation of the Vitrified Tiles market in each participating country. It is crucial to consider local perspectives due to the complex nature of the Vitrified Tiles industry. The Vitrified Tiles market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region's market size, growth rate, import and export details, and other specifics are examined in detail.
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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 expected to experience significant increase during the forecast period. This market expansion is attributed to rising demand for these tiles in residential applications. It has greater features compared to other types of ceramic tiles. It offers characteristics such as excellent durability and a sumptuous appearance, which are expected to boost demand in this area. Residential segment is predicted to make a significant contribution to the global vitrified tile market. Increasing the expansion of smart homes, several novel thermal tiles, including heat generating, energy saving, and cooling tiles, mostly in residential structures, are projected to drive growth in the vitrified tiles market.
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
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Key questions answered in the Vitrified Tiles Market are:
• Who are the leading companies and what are their portfolios in the Vitrified Tiles Market?
• What segments are covered in the Vitrified Tiles Market?
• Who are the key players in the Vitrified Tiles market?
• Which application holds the highest potential in the Vitrified Tiles market?
• What are the key challenges and opportunities in the Vitrified Tiles market?
• What is Vitrified Tiles?
• What was the Vitrified Tiles market size in 2023?
• What will be the CAGR at which the Vitrified Tiles market will grow?
• What is the growth rate of the Vitrified Tiles Market?
• Which factors are expected to drive the Vitrified Tiles market growth?
• What are the different segments of the Vitrified Tiles Market?
• What growth strategies are players considering to increase their presence in Vitrified Tiles?
• What are the upcoming industry applications and trends for the Vitrified Tiles Market?
• What recent industry trends can be implemented to generate additional revenue streams for the Vitrified Tiles Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price trends by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segments | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - Detailed analysis by segment and sub-segments and Region
• Competitive Landscape - Profiles of key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional Players
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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