Global Ceramic Wall Tiles Market Analysis & Trends - Industry Forecast to 2030
Ceramic Wall Tiles: Market Size
From $115.61 billion in 2024, the global Ceramic Wall Tiles market is projected to reach $205.94 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.1% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rapid growth in the construction, launching various intricate and modern patterns and demand for remodelling homes.
Global Ceramic Wall Tiles Market: Market Dynamics
The increased spending on infrastructure by the Government, coupled with rapid urbanization is promoting the demand for residential and commercial buildings, and rising space requirements from numerous sectors like IT, education, and healthcare, is making real estate a profitable industry for the manufacturers. Increasing disposable income and high population, are positively influencing the construction sector, owing to their sturdiness and easiness in cleaning, it is highly preferred by consumers for and walls in commercial and residential infrastructure. Developments in digital inkjet painting on ceramic tiles that offer a wide variety of designs and patterns on tiles specific to consumer preference and produced in less time are expected to drive market demand.
On the other hand, the prevalence of stringent environmental regulations combined with volatile raw material prices is likely to obstruct the profit boundaries. In addition, technological advancements in the industry have introduced premium quality products along with excellent appearance and growth of the organized retail sector will further boost for the Ceramic Wall Tiles market.
Impact of COVID-19 on Ceramic Wall Tiles
The construction industry is anticipated to take a major hit owing to the lockdown imposed by the government during COVID-19 and labor shortages, which is expected to be aggravated by the resulting supply chain problems and financing pressures because of the non-adherence to the completion times. Due to the COVID-19 outbreak ceramic wall tiles product, was one of the worst-hit markets due to the virus outbreak, which resulted in a shortage of finished tiles in the market. Ceramic wall tiles are multipurpose products that have varied applications across different geographies and end-user industries. The COVID-19 pandemic has had a severe impact on each country's GDP. Cash registers, essential services, and industries that sustain manufacturing activities have been compelled to shut down restrain the spread of the contagion. The global economic crisis was caused by the resulting debacle. The inability to sell products to customers worldwide as a result of uncertain market conditions has greatly impacted the world economy. Due to the termination of many construction projects and other plans, schools and universities have been forced to shut down indefinitely. The construction industry's job crisis led to widespread panic, with several laborers returning to their home country to reportedly stay away from the pandemic. All these factors adversely affect the market growth in COVID 19 outbreak.
By Dimension
30 X 60 Segment Dominate the Market in 2024
The 30 X 60 segment made huge revenue in 2024 and growing its prominence during the forecast period. As, this size is extensively preferred in the residential application on account of its versatility and ability to be installed in a variety of layouts such as combined, or modular, lines and staggered.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period, owing to the rapid socio-economic development in this province, and the rising number of new housing units and huge investments in the infrastructural sector. The growing number of hotels and restaurants in Asian countries is predictable to boost the demand. The growth of the ceramic wall tiles market in the APAC region is also driven by increasing demand for ceramic tiles in countries, such as China, India, Thailand, Indonesia, and Vietnam, due to the significant growth in the construction opportunities in these countries.
List of the Key Players Profiled in the Market Include:• Ceramica Saloni
• China Ceramics
• Crossville Inc.
• Kajaria Ceramics
• Lamsoa Group
• Mohawk Industries
• A.K. Ceramics
• Siam Cement Group
• Ceramica Carmelo Fior
• STN Ceramica
List of the Regions/Countries Profiled in the Market Include:North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others