The Global Ceramic Tiles Market size is estimated to be USD 60.54 billion in 2019 and is predicted to reach USD 121.02 billion by 2030 with a CAGR of 6.5% from 2020-2030.
Ceramic tiles are generally made up of clay, sand, and other natural products. These tiles are produced by molding the raw materials as per requirement and desired shape by heating them in a kiln at high temperatures. Ceramic tiles are widely applicable in commercial and residential buildings, owing to their durability and resistance in nature.
Ceramic tiles are one of the major components used in the construction industry for building exterior and interior footpaths, floors, swimming pools, partitions, walls, and roofs. Moreover, these tiles are highly durable in nature and offer protection from stains and abrasion, also they require less maintenance. Additionally, these tiles are available in different colors and in a wide range of sizes. They are extensively employed in various concrete structures ranging from residential houses such as apartments, flats, villas, and bungalows to commercial complexes such as educational institutions, hospitals, and airports. Furthermore, these tiles are also used in the construction of industrial concrete structures such as large-scale industries, food processing factories and warehouses.
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Competitive Landscape:
Comprehensive competitive analysis and profiles of major market players such as Crossville Inc., Kajaria Ceramics, RAK Ceramics, China Ceramics Co., Ltd. and Saloni Ceramica also provided in this ceramic tiles market report.
Market Dynamics and Trends:
Growing construction-sector across the globe is the key factors propelling the market growth. Moreover, rising urbanization and industrialization play an important role in increasing construction which is further expected to drive the market growth during the forecast period. However, environmental regulations and growing demand for other substitutes such as glass and rubber products are the factors hampering the market growth in the coming years. Floor tiles segment within the product is anticipated to grow at the highest CAGR during the forecast period. Additionally, residential replacement accounted the largest market share in 2017 and is projected to continue its supremacy in the upcoming years. On the basis of geography, Asia Pacific is anticipated to hold the largest market share in terms of value and volume during the forecast period.
Need for the high-quality materials with excellent efficiency levels have led to development of new firing and pressing technologies. However, most of the manufacturers have been trying to advance technologies for flexible, simple, and low-cost production of the product. Hence, the growth of market is characterized by numerous opportunities to market players, owing to rise in disposable income coupled with the rapid growth in the economy across the globe.
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Market Segmentations and Scope of the Study:
The ceramic tiles market share is analysed on the basis of raw material, product, application, and geography. On the basis of raw material, the market is segmented into furnace black, gas black, lamp black, and thermal black. Based on the product, the market is segmented into wall tiles, floor tiles, and other tiles. According to the application, the market is classified into the residential replacement, new residential, commercial, and others. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.
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