PUBLISHER: Grand View Research, Inc. | PRODUCT CODE: 1076596
PUBLISHER: Grand View Research, Inc. | PRODUCT CODE: 1076596
The global ceramic tiles market is expected to reach USD 656.25 billion by 2030, expanding at a CAGR of 7.1% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for aesthetic improvement in the flooring and walling is anticipated to support the demand for ceramic tiles during the forecast period.
High production capacity coupled with a wide distribution network of prominent players is likely to fulfill the demand for construction applications across the globe. As a result, increasing new constructions for residential and non-residential buildings in major economies due to industrial development coupled with rapid urbanization are likely to create a scope for market growth.
The durability and enhanced lifespan offered by these tiles are likely to increase their utility in high-traffic commercial construction applications. Technological advancements in the manufacturing process have introduced customization options in color, size, texture, and dimensions, thus likely gaining high traction in residential and commercial building renovation projects.
Key players in the market such as Tarkett, Mohawk, RAK Ceramics, and Johnson Tiles are engaged in the development of ceramic tiles with superior durability and customization options. In addition, compliance with the green building codes by major economies is expected to have a positive impact on the product demand as these tiles are environment-friendly and can be recycled.