Global Ceramic Tiles Market Size, Trends & Analysis - Forecasts to 2026 By Type (Glazed, Porcelain, Unglazed), By Application (Flooring, Internal Wall, External Wall, and Others), By End-User (Residential and Non-Residential), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
The ceramic tiles market is estimated to witness a significant growth of CAGR 6.65% during the forecast period (2021-2026). The growth of the ceramic tiles industry is due to the growing demand associated with an increase in population, rise in income levels, growth in construction activities, innovations, and renovations, increase in housing constructions, commercial sector, and other utility spaces. Further, the growth of the organized retail sector has created an opportunity for the ceramic tiles market. COVID-19 had a significant downfall for the ceramic tiles industry, due to the termination of many constructional projects, including government infrastructure projects.
Based on application, the ceramic tiles market is explained into flooring, internal wall, and external wall among others. Ranging from the use of glazed, porcelain, and unglazed ceramic tiles for flooring, external walls, internal walls, etc. the use of ceramic tiles has increased in non-residential and residential construction segments ranging from hotels, shopping complexes, malls, airports, residential units, etc. These tiles are cost-effective and offer higher-level aesthetics with durability.
The enhanced demand for such a cost-effective substitute to other forms of standard stone flooring and the advancing of home decor concept are driving factors for the ceramic tiles market.
Based on the end-user, the users of ceramic tiles are segregated into residential and non-residential. The increase in the use of wall tiles and floor tiles pattern for non-residential and residential settings offer superior aesthetics and durability. As well use of cost-effective ceramic tiles help to reduce the cost of construction for various institutions, healthcare, and various public utility spaces.
The Asia Pacific region held the dominating position for ceramic tiles worldwide. The widespread and increased use of ceramic tiles is associated with the rapid growth and development in the region. The increase in construction activities and related investments are also supporting the market growth in the region. The increasing opportunities for the infrastructural industry are charging the demand for ceramic tiles.
The North-American region and Middle-East & Africa are also expected to grow during the coming years owing to the increase in investment, expansion, and rapid growth of construction business and opportunities in these regions.
Ceramica Carmelo Fior, Ceramica Elizabeth Sul Ltda, Cersanit SA, Dynasty Ceramic Public Co. Ltd., Grupo Cedasa, Grupo Fragnani, Grupo Lamosa, H&R Johnson, Kajaria Ceramics, Lasselsberger Group, Mohawk Industries, Pamesa Ceramica, PT Arwana Citramulia Tbk, RAK Ceramics, Siam Cement Group, Somany Ceramics Ltd., STN Ceramica, Vitromex SA De C.V., White Horse Ceramica Industries, among others, are the major vendors competing in the Ceramic Tiles market.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2019, RAK Ceramics, invested in the tile production facility in Saudi Arabia.
In December 2019, Kajaria Ceramics launched a new range of magnificent ceramic tiles
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The Global Ceramic Tiles Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ceramic Tiles Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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