Ceramic Tiles Market

The global ceramic tiles market is growing with a CAGR of 10.37% during forecast period of 2021-2030. The Growing demand for the new residential restructures is driving the global ceramic market. in the present scenario, ceramic tiles become an integral part home improvement, it creates an enormous difference to the way outdoor and interior look and expressed. The boom in housing sector attached with government policies powering robust growth in housing sector which is up surging the growth in the global ceramic tiles software market. Growing construction industry is the major boosting factor of the global ceramic market. in U.S., the construction industry is the major contributor to the economy. The industry creates almost $ 1 trillion worth of structure each year, construction is one of the major customers for mining, manufacturing, and a variety of services.

Novel Cost Savings Technologies Remain Key Drivers

Ceramic materials for tiles comprise of porcelain, earthenware, and stoneware. The prime product segments of the ceramic tiles market are wall tiles and floor tiles. The ceramic tiles constitute of natural products, sand, and clays. Ceramic tiles are particularly utilized in the construction & building industry. Commercial, residential replacement, and new residential are the key application segments of the ceramic tiles market. The ceramic tiles market is growing strongly due to various supporting factors such as rapid growth in the flooring market, growing demand for new residential restructures, government support for infrastructure development. Moreover, the adoption of inkjet technology in ceramic tiles is also boosting the demand for ceramic tiles. Currently, modern methods have developed the appearance of ceramic tiles, making realistic designs that are both affordable and stylish and one of these modern techniques is known as high-definition inkjet technology that enables the ceramic tile to have the appearance of wood and stone.  Inkjet technology even creates the possibility for reducing ceramic tiles manufacturing costs, decreasing waste, work-in-progress (WIP) and stocks of finished products as well as developing responsiveness to design alterations and customer needs. Thus, the growing adoption of Inkjet technology in ceramic tiles is acting as a major driving force for the market.

Asia Holds Over 60% of The Market Revenue

Geographically, the global ceramic market has been segmented into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific market has been determined to be the leading as well as the fastest-growing market. Asia pacific holds about 60.91% of the market share as of the year 2019 and is expected to rise to 63.15% by the year 2021. Strong growth in the Asia Pacific region can be attributed to rising urbanization in countries such as China and India. Moreover, the Chinese government’s commitment to conserving resources and reduction in greenhouse gas has given impetus to sustainable construction materials. The Building & construction sector of China is anticipated to grow by an average of 7% by 2019.

APAC Remains as a Biggest Consumer

Europe, Far East, and Latin America have been the dominant regions in the ceramic tiles market. The United States has an impactful tiles market which consists of 100 plants on a daily operational basis. The ceramic tiles segment is a major component of the construction industry. The ceramic tiles market is majorly dependent on the development of infrastructure which includes the building of hospitals, schools, laboratories and residential complexes. The prices of the ceramics tile market are volatile in nature. The major demand is in the developed nations as compared to the developing nations. The demand for developed & planned infrastructure is expanding in the present scenario due to up-gradation in the lifestyle of the individuals, increase in the per capita income, rise in GDP, and urbanization of the cities and towns. Asia-Pacific region has emerged as the biggest consumer of ceramic tiles and is expanding at a rapid pace. Europe remains the second largest region in terms of consumption. The ceramic tiles market is segmented on the basis of application, geography, product, and key players. The floor and wall tiles are the dominant products in the ceramic tiles market. The floor tiles and wall tiles are emerging as a major product segment that is used in the exterior as well as the interior designing of the building or complex. The government norms and policies have a direct impact on the demand and supply of ceramic tiles. The continuous innovations in the ceramic tiles markets which consist of designs, shapes, sizes, and patterns are driving the market globally.

Increasing Construction Activity Across the Globe is The Biggest Driver in Growing Economies

Construction industry growth in Brazil, Russia India China, and South Africa coupled with increasing demand for residential replacement in developing markets of India and China owing to urbanization is anticipated to grow market demand for ceramic tiles during the forecast period. Strict environmental regulations affecting carbon emissions caused throughout the manufacturing of ceramic tiles have enforced market players to rise their R&D expenditure on ecological products, which is expected to open new market paths soon. Rising demand for durable material attached with growing responsiveness towards personal hygiene is anticipated to enhance ceramic tiles demand in residential replacement. Development of West Africa as an industrial hub for ceramic industry on interpretation of rising national demand for ceramics in building and household applications in many countries such as Nigeria is anticipated to have a huge impact on market. Low industrial cost as compared to countries of Europe and North America has enforced many ceramic manufacturers to begin manufacturing in West Africa. Floor tiles replaces hardwood and other flooring options due to superior belongings such as frost & thermal shock resistance, high durability is anticipated to have a huge impact on ceramic tiles market rapidly. Residential replacement based application market of ceramic tiles is anticipated to rise with a CAGR of 11.3% during the years 2020-2030.

Innovation is the Key to Enhance Market Share

The companies across globe are adopting various strategic initiative in which product launch is one of the key strategy which is adopted by key players to sustain in the global market. The product launch strategy allows the companies to extend their product portfolio, gain competitive edge and increase in customer base, encroach new technology, increase revenue share in the market. Expansion is the second most strategy which is being adopted by the companies to take the competitive advantages. The expansion is adopted by company to increase the geographical presence of the company and to increase the production units. Top companies in this market include Mohawak Industries Inc, Kajaria Ceramics, RAK Ceramics, Lamosa Group and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Application (2020-2030; US$ Mn)

• Commercial application
• Residential replacement application
• New residential application
• Other application

By End User (2020-2030; US$ Mn)

• Floor
• Wall
• Others

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global ceramic tiles market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?