Market Research Report
Ceramic Tiles Market, By Raw Material, By Product, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|Published by||AnalystView Market Insights||Product code||930140|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Ceramic Tiles Market, By Raw Material, By Product, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026|
|Published: March 1, 2020||Content info: 170 Pages||
Ceramic tiles market was valued at USD 342.1 billion by 2019, growing with 6.5% CAGR during the forecast period, 2020-2026
A remarkable growth in construction in various developing countries and the increasing demand for ceramic tiles in residential and commercial buildings is expected to propel the market. Durability and damage resistance property of these products has made them popular in the construction industry. Also, the protective coatings on these products make them water-resistant, easy to clean and stain-resistant. Many vendors are taking help of digital printing technology for giving a more aesthetic look to these tiles. The increase in urbanization, along with disposable income, will fuel up the ceramic tiles industry during the forecast period. However, stringent government regulations towards carbon emission, which happens during the production of tiles may hamper the market.
Raw Material Takeaway
The primary raw materials used for manufacturing are Feldspar, zircon, kaolin, alumina and silica. Felspar is mainly used to reduce the firing temperature during product production. Thus the final product results in thin and flat tiles which are popularly used in wall roofing, bathrooms, floors, tabletops, etc. Plentiful availability of raw material will boost up the market in the near future. However, the availability of substitutes and use of ceramics in refractory and disk brakes will hamper the industry during the forecast period.
Glazed product is expected to enjoy popularity during the forecast period. And the major driving factor for this is the government initiatives towards residential construction and rise in the living standard of people. Additionally, the easy availability of home loans is anticipated to boost up the market during the forecast period.
Technological enhancement such as automation in production is also anticipated to accelerate the market. Technology has allowed manufacturers to come up with high-quality ceramic tiles which are well polished to achieve a mirror finish. Also, automation has made it possible to mass manufacturing without any human intervention. This has reduced manufacturing cost and increased productivity. All these facets are indicating the positive future of the industry during the forecast period.
Floor tiles are leading the industry and is projected to show its dominance during the forecast period. Wall tiles have accounted the second largest industry share, and this is because of an increase in demand for kitchen and bathroom tiles. People are looking for beautiful designs, textures and patterns for getting an aesthetic look. These printed patterns are commonly used in residential buildings and commercial spaces. Companies are now focusing on various innovative designs to meet the demand for elegant tiles.
North America is projected to lead the industry because of fuel up in the construction of green buildings. These products are popularly used in home improvement activities and commercial spaces like shopping complex, malls, offices, etc. The Asia Pacific is also expected to create growth opportunities for this market. The market has undergone some fluctuations but remained stable as a whole. Hence the ceramic tiles market has witnessed significant growth in recent years. The growth of the industry in this region is because of strong economic growth and a huge population.
The principal leaders of this market include Gruppo Ceramiche Ricchetti, Atlas Concorde, Crossville Inc., RAK Ceramics, Porcelanosa Group, Florida Tile and Mohawk Industries. The market is full of small and medium-sized industries. These companies focus on innovations to sustain and expand their reach globally. Key companies strive to manufacture premium ceramic products. They are also participating in metro projects.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2014 & 2016
Base Year - 2017
Estimated Year - 2018
Projected Year - 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Gruppo Ceramiche Ricchetti
MARKET, BY RAW MATERIAL
MARKET, BY PRODUCT
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA