GCC Ceramic Tiles and Sanitary Ware Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

GCC Ceramic Tiles and Sanitary Ware Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The GCC ceramic tiles and sanitary ware market is estimated to grow at a CAGR of approximately 7% during the forecast period.

Key Highlights

• The GCC region is one of the most active construction markets in the world. The UAE is the most active construction market in the region, supported by Saudi Arabia and Qatar. Dubai and Abu Dhabi make up for almost 90% of the construction activities taking place in the UAE. There are over 10,000 projects under construction or in the design and planning phase in the GCC. The large-scale construction projects in this region consistently feed the demand for large volumes of construction materials. The ceramic tiles and sanitary ware market is one of the fastest growing ones in the building materials industry.
• Imports play a major role in the GCC ceramic tiles and sanitary ware market; the region imports almost 40% of its total demand. China, Spain, Italy, Egypt, and India are the largest exporters of tiles and sanitary ware products to the countries in the GCC. The region also actively exports tiles mainly to other nations in the Middle East and Africa.

Key Market TrendsHigh Competition for Cermic Tiles and Sanitary Ware Products:

• There is stiff competition for tiles and sanitary ware suppliers in the GCC market. High market attractiveness has brought in a large number of companies from across the world. While majority of the suppliers provide high-quality materials, there are also instances of substandard products making its way into the market.
• The UAE’s continued construction boom ahead of Expo 2020, has driven demand for ceramic tiles to increase by almost 70%. With more than 40% of tiles being imported from overseas, the huge opportunities for international manufacturers to win contracts on UAE projects have increased the market competition.
• The huge demand for ceramic tiles in the UAE, Saudi Arabia, and Qatar is expected to increase for the next few years, due to the increasing level of new projects in these countries. This tremendous growth of ceramic tiles is also attributed to the excellent advanced technological developments that have taken place in the flooring section and tile manufacturing process.

Expanding construction sector

• The construction sector in the region is fast expanding, mainly driven by government-backed investments. The oil-based markets are rapidly diversifying their economy in order to reduce dependence on oil. Fluctuations in global oil prices make the market extremely volatile.
• However, with increasing investments in construction, several other industries like banking, hospitality, and tourism are flourishing. It is estimated that over USD 3 Trillion worth of projects are under construction or in the design and planning stage.
• The construction industry is growing at the rate of more than 5% year-on-year (YoY), despite the regional political unrest, which has upset investor confidence. Thus, construction industry is the foremost driving force for the tiles market.

Competitive Landscape

The report covers the major players operating in the GCC ceramics tiles and sanitary ware market. The market is comprised both manufacturers and distributors. However, distributors that import products from other countries have been dominant in the market. In terms of market share, the companies in the region compete heavily among each other through innovation and creativity to meet the dynamic behavior of the consumers in the region.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

RAK Ceramics
Jaquar�Middle East
Saudi Ceramics
Forsan Ceramics
Seedal Ceramics
General ceramics
Porcellan Co. LLC
Al Khaleej Ceramics Co. LLC
Riyadh Ceramics
Gulf Ceramics

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