Press release
Ceramic Tiles Market: Construction Boom Fuels Significant Growth and Trends
Influx in Urbanization and Sustainability Practices Fuel the Ceramic Tiles Market Growth
What Is The Projected Market Size Of The Global Ceramic Tiles Market And Its Growth Rate?
The ceramic tiles market promises prodigious growth in the next few years. Here are the key market projections:
• Market size grows from $121.83 billion in 2024 to $130.96 billion in 2025 (CAGR of 7.5%) - driven by demand from the construction industry, urbanization, industrialization, and preference for low-maintenance surfaces.
• Market expected to catapult to $176.86 billion in 2029 (CAGR of 7.8%), fueled by sustainability practices, smart homes, e-commerce growth, and increasing demand from hospitality and transportation sectors.
• Observed trends include digital printing technology, wood-look ceramic tiles, large-format tiles, customer experience digitalization, and geometric and patterned tiles.
What Is Driving The Growth In The Ceramic Tiles Market?
The surge in home remodeling spending is propelling the ceramic tiles market growth. Home remodeling increases ceramic tile demand, primarily for bathrooms and kitchens. For instance, according to the UNIVERSITY OF SOUTH ALABAMA, in 2023, median home renovation spending hit $24,000, with top homeowners spending $150,000. This escalating investment in home remodeling drives the ceramic tiles market.
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Who Are the Key Players Driving Ceramic Tiles Market Growth?
The ceramic tiles market is driven by several key players such as:
• Ceramiche Atlas Concorde S. P. A
• Cersanit SA
• Florim Ceramiche S. P. A
• Grupo Lamosa SAB de CV
• GranitiFiandre S. p. A.
• Grupo Fragnani Ltd.
• Hindustan Tiles Limited
• Mohawk Industries Inc.
• Pamesa Ceramica Sl
• Portobello Ceramics SA
• Among others.
What Are The Key Trends In The Ceramic Tiles Market?
Key trends in the ceramic tiles market include:
• Growing popularity of digital printing technology
• Increase in demand for wood-look ceramic tiles
• Rising use of large-format tiles
• Digitalization of customer experience
• Preference for geometric and patterned tiles
What Are The Segments Of The Global Ceramic Tiles Market?
The ceramic tiles market can be segmented as follows:
1) By Type: Glazed Tiles, Unglazed Tiles
2) By Construction Type: New Construction, Renovation, and Replacement
3) By Formulation: Dry Pressed, Extruded, Casting
4) By Application: Floor Tiles, Wall Tiles, Other Applications
Which Region Leads The Ceramic Tiles Market?
Asia-Pacific dominated the ceramic tiles market in 2024 and is predicted to be the fastest-growing region for the forecast period. The market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ceramic Tiles Market Global Market Report?
- Market Size Analysis: Analyze the Ceramic Tiles Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ceramic Tiles Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ceramic Tiles Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ceramic Tiles Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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