Saudi Arabia Ceramic Tiles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Saudi Arabia Ceramic Tiles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Saudi Arabia is the largest consumer and producer of ceramic tiles in the GCC region. Ceramic tiles are thin slabs predominantly made up of naturally occurring minerals like clay, silica sand, feldspar and dolomite and are used as floor or wall coverings in residential, commercial, and industrial buildings. The market is currently being driven by rising demand for residential and commercial buildings, technological advancements and increasing construction activities. Moreover, increasing focus of domestic companies towards expanding their operations and technology developments such as use of digital printing technology is expected to positively influence the country's ceramic tiles market.

Key Market TrendsHospitality Industry is Driving the Market

The hospitality industry in Saudi Arabia is emerging significantly owing to the construction of the holy Islamic shrines, Mecca, and Medina witnessing millions of pilgrims every year. In addition, the government is increasingly spending on construction activities to accommodate these pilgrims and religious tourists. The increasing oil prices are bringing in more revenue for the government, and hence, the government is able to spend more on construction activities. The growing hospitality industry will require the construction of new travel facilities such as airports, railways, and roadways or remodeling of the existing facilities. As a result, the rising investments by the governments in the ongoing construction activities will further drive the ceramic tiles market in Saudi Arabia.

Residential Segment is Driving the Demand for Market

An increase in remodeling activities is estimated to boost the product demand in the residential segment of the ceramic tiles market during the forecast period. Consumers are spending massively increasing wall and floor appearance which will be a prime factor fuelling product demand for the residential segment in the coming years. The growth of the market can be attributed to the growing consumption of residential buildings owing to their durability and low price.

Competitive Landscape

The report covers major international players operating in the Saudi Arabia Ceramic Tiles Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

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

Companies Mentioned
 
Saudi Ceramics
RAK Ceramics
Al Jawdah Ceramics
Ceramica Cleopatra
Nesma Orbit
Arabian Tile Company
Forsan Ceramics
STN Ceramica
Arabian Ceramics
Riyadh Ceramics
Future Ceramics
Alfanar Ceramic & Porcelain Tile Factory

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