Global Ceramic Tiles Market to Register Remarkable Growth Because of Massive Infrastructure Development
Published | August 2020
According to BlueWeaves
Consulting, the Global Ceramic Tiles Market is expected to reach USD 7.29
billion in 2026 from USD 3.91 billion in 2019, at a CAGR of 9.3% during the
projected period 2020-2026. The construction activities drive the Global
Ceramic Tiles Market, as ceramic tiles are widely used in building houses and
commercial complexes, shopping malls, hospitals, institutions, etc. Government
initiatives and outlay for infrastructure development, residential and
commercial projects undertaken by private players and urbanization provide
impetus to construction activities and in turn, lead to the higher demand for
ceramic tiles. In developing economies, the housing sector has witnessed a
surge in demand due to the flourishing population, rising per capita income and
government’s measures. Technological advancements are expected to penetrate the
market.
Ceramics Tiles are
available in various colors, sizes and textures to enhance the finish, quality
and look of the construction. Different non-metallic materials such as
clay, Feldspar, Kaolin, Bentonite,
and Silica Sand and other natural constituents are used in manufacturing tiles,
and they pass through extreme hot temperatures to provide durability to tiles.
Their application finds excellent traction for walls and floors in
construction.
Recently,
inkjet printing technology has enabled various innovations in designs. The key
players are adding graphic studios in their facilities to develop new graphics
and produce more appealing ceramic tiles. They also integrate for end-line
processing to give a smooth finish to tiles through cutting grinding and
lapping the finished products. However, they face significant challenges such
as fluctuations in raw material supply and prices, production process emitting
carbon dioxide and increasing number of substitutes viz., glass tile, rubber
tiles, etc.
The
Global Ceramic Tiles Market is segmented into various categories depending on
the product (i.e., Glazed Ceramic and Porcelain Tiles), raw material used
(i.e., Feldspar, Kaolin, Bentonite, and Silica Sand), application (i.e., Wall
and Floor), end-user (i.e., Residential and Commercial) and region (i.e. North
America, Europe, Latin America, APAC and Rest of the World). Based on product,
Porcelain tiles segment dominates the ceramic tiles market and is expected to
witness significant CAGR during the forthcoming period.
“The key drivers of the
Global Ceramic Tiles Market are Increasing Construction Outlay by Government
and Private sector, and Great Finish, Low Maintenance and High Durability of
Ceramic Tiles.”
Governments
in various nations allocate increasing outlay for infrastructure development.
It, in turn, results in more demand for ceramic tiles. Besides, private
property developers invest a lot in residential and commercial projects
boosting request for ceramic tiles. Moreover, the ceramic tiles provide an
excellent finish to the interiors of a building and do not need maintenance.
They are durable, water-resistant, scratch-resistant and anti-stain materials.
“Asia Pacific Region
dominates the Global Ceramics Tiles Market.”
Asia
Pacific region consists of various developing economies like India, China and
others which are characterized by rapid urbanization, more investment in
infrastructure projects by state and private enterprises, and rising population
and per capita income. These economies are home to several big and small
construction projects giving a boost to ceramic tiles market of the region.
However, the upward trend in demand for ceramic tiles has also been noticed in
North America and other parts of the US. Italian companies are likely to widen
their base in the US due to easy availability of raw material and untapped
market.
“The leading players” in the Global Ceramics Tiles Market
are RAK Ceramics (UAE), Mohawk Industries (US), Ceramica Saloni (US), China
Ceramics (China), Porcelanosa Grupo (Spain), Roka Tiles (US), Florida Tile Inc
(US), Siam Cement Group (Thailand), Lamosa Grupo (Latin America), Ras Al
Khaimah Ceramics (UAE), CrossVille Inc (US), Gruppo Ceramiche Ricchetti S.P.A.
(Italy) and others.
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The in-depth analysis of
the report provides the growth potential, upcoming trends, and statistics of
the Global Ceramics Tiles Market size & forecast. The report
provides insights about the state-of-the-art technology of Global Ceramics Tiles Market and industry, which help
decision-makers to make sound strategic decisions. Furthermore, the report also
analyzes the market drivers, challenges, and competitive scenario of the
market.