Ceramic Tiles Market
Growth Factors of Ceramic Tiles Market
The ceramic tiles market size was valued at USD 60.26 billion in 2023, and the market is now projected to grow from USD 63.42 billion in 2024 to USD 95.32 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period of 2024-2032.
The coronavirus outbreak has condensed the worldwide productivity, and affected numerous economies around the world. Lockdowns, short-term closure of non-essential industries, and decreasing demand from clients has caused in downturn, and formed major effect on the market.
Digitally printed ceramic tiles are the current movements in the market. Customers choose digitally printed tiles due to their intricate designs, which help in improving the aesthetic appeal. Additionally, the development and use of new technologies for printing designs on tiles have helped manufacturers to maintain uniformity in designs. Increased expenditure by consumers and the emerging need for innovative interior decor have led to the rise in the consumption of digitally printed tiles.
Urbanization is considered a major driver of construction material consumption. The inhabitants has been increasing exponentially for the preceding few years. The governments of the diverse countries are relating with private firms to develop the infrastructure of the housing sector to deliver housing to the rising inhabitants. The beginning of the construction of smart cities has also augmented the demand. Furthermore, the growing need for multi-story domestic buildings over private houses has augmented the product consumption per area of land, thus enhancing the ceramic tiles market growth.
Comprehensive Analysis of Ceramic Tiles Market
The market can be segmented in various ways, depending on the focus of analysis such as by end use and by application. Based on application, the market is classified into floor, walls, and others. By end-use, the market segments include residential and non-residential.
Asia Pacific region is dominating the ceramic tiles market share due to growing construction sector in the region. Accessibility of raw materials, low labor cost, and investments in modern infrastructure will certainly impact the market growth.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include MOHAWK INDUSTRIES INC. (U.S.), SCG CERAMICS (Thailand), Grupo Lamosa (Mexico), Grupo Cedasa (Brazil), RAK CERAMICS (UAE), Ceramica Carmelo Fior (Brazil), PAMESA CERÁMICA SL (Spain), Kajaria Ceramics Limited (India), STN Cerámica (Spain), Dynasty Ceramic Public Company Limited (Thailand), Cersanit Group (Poland), Somany Ceramics (India), PT Arwana Citramulia Tbk (Indonesia), Vitromex USA, Inc. (U.S.), Kale Group (India), LASSELSBERGER Group (Austria), Elizabeth Group (U.S.), Grupo Celima Trebol (Peru), White Horse Ceramic (Malaysia), Ceramic Industries Group (South Africa) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In February 2023, Kajaria Ceramics Limited, a leading ceramic tiles manufacturer, unveiled its latest line of products at the UPITEX show in Lucknow, India.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.2% from 2024 to 2032
Unit Value (USD Billion); Volume (Billion Sq. Meters)
Segmentation By Application Area
By End-Use
- Residential
- Non-Residential
By Geography
- North America (By Application Area, By End-Use, By Country)
- U.S. (By Application Area)
- Mexico (By Application Area)
- Canada (By Application Area)
- Europe (By Application Area, By End-Use, By Country)
- Germany (By Application Area)
- France (By Application Area)
- U.K. (By Application Area)
- Italy (By Application Area)
- Spain (By Application Area)
- Russia (By Application Area)
- Rest of Europe (By Application Area)
- Asia Pacific (By Application Area, By End-Use, By Country)
- China (By Application Area)
- India (By Application Area)
- Vietnam (By Application Area)
- Indonesia (By Application Area)
- Philippines (By Application Area)
- South Korea (By Application Area)
- Thailand (By Application Area)
- Rest of Asia Pacific (By Application Area)
- South America (By Application Area, By End-Use, By Country)
- Brazil (By Application Area)
- Argentina (By Application Area)
- Rest of South America (By Application Area)
- Middle East & Africa (By Application Area, By End-Use, By Country)
- Egypt (By Application Area)
- Turkey (By Application Area)
- Iran (By Application Area)
- Saudi Arabia (By Application Area)
- Iraq (By Application Area)
- Israel (By Application Area)
- UAE (By Application Area)
- Rest of Middle East & Africa (By Application Area)
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