PUBLISHER: Grand View Research | PRODUCT CODE: 1433580
PUBLISHER: Grand View Research | PRODUCT CODE: 1433580
The GCC ceramic tiles market is anticipated to reach USD 15.74 billion by 2030 and is anticipated to expand at a CAGR of 7.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising investment in construction projects by governments of Saudi Arabia, UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting market demand over the forecast period.
Ceramic tiles manufacturing process has highly evolved over the past years. Requirement for high-quality materials with good efficiency levels has developed new firing and pressing technologies. Manufacturers have been trying to create technologies for simple, flexible, and low-cost production of ceramic tiles. Environmental pollution and waste disposal have always been a major concern for the manufacturers. They are now focusing on reducing CO2 emissions and water consumption through improved processing options while manufacturing ceramic tiles.
Wet clays, feldspar, alumina, silica, and sand are some of the most commonly used raw materials during the manufacturing process of ceramic tiles. Key raw material suppliers include Saudi Ceramics, United Mining InvestmentsCo., Carrefour, and Saudi Dolomites. Growing demand for ceramics in automotive and electronics applications is expected to be a key concern for market players. Robust manufacturing base of ceramics in China, India, and Indonesia is expected to promote investments by market players.
Market is expected to witness growth over the forecast period owing to the rapid growth of the construction industry, which can be attributed to the high investments by various governments in companies for developing new residential & commercial complexes and infrastructural projects. In addition, increased emphasis by governments on the construction of new hospitals, educational institutions, and leisure projects is expected to create growth opportunities in the ceramic tiles market.
The market could be more organized to a greater extent as numerous domestic players are operating across GCC. Many small-scale players manufacture and distribute products and cater to wall and flooring applications. These players prefer the supply of ceramic tiles directly to the end market by avoiding distribution channel, thus negatively affecting the value chain.