The Global Ceramic Tiles Market is estimated to reach USD 118.8 Billion by 2024 at a CAGR of 6.8 %.
Ceramic tiles are manufactured typically from white or red clay and are a very popular choice for countertops, floors, and walls across the construction industry. According to the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030 which is driven by the construction in countries like U.S., India, and China. The growing construction industry where ceramic tiles find application for flooring and wall decoration is expected to boost the ceramic tiles market, during forecast period. Additionally, urbanization, industrialization and increased disposable income in developing countries are some of the other factors expected to propel the growth of the market. According to the National Association of Home builders, the remodeling index in 2018 was 57. However, the ability to completely transform the space has increased the use of ceramic tiles in renovation activities.
Ceramic Tiles Market: Drivers & Restraints
Increased in Construction Spending
Ongoing construction industries coupled with construction spending is expected to drive the growth of ceramic tiles market across the globe. According to the United States Census Bureau, the construction spending in the month of September, 2019 was USD 1,301.8 billion. This is attributed to the increase in disposable income and the increasing trend towards renovation activities which is catered by broad ranging patterns, sizes, and textures of products. This factor is expected to propel the ceramic tiles market in the near future.
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Around half of the world’s population resides in urban cities and this is expected to increase over the forecasted period. According to World Data, in Nov 2019 more than 4 billion people lived in urban areas globally. This is attributed to some of the factors such as job promises, prosperity, and similar other factors. Growing urbanization has boosted the demand for construction of commercial and residential buildings owing to which the ceramic tiles market is expected to grow during the forecasted period
Rising Awareness for Green Building Materials
Ceramics tiles find applications in floorings and walls during the construction of buildings. Ceramic tiles are durable but are not renewable and a large amount of energy is required for extraction, installation, and transport. Additionally, the manufacturing of ceramic tiles may contain some emission of Volatile Organic Compounds (VOC) which is likely to affect the environment and human health. However, green building materials offer a lower carbon footprint, which reduces the impact of global warming. However, growing awareness about green building materials may hinder the growth of the ceramic tiles market.
Ceramic Tiles Market: Key Segments
- Key Ceramic Tiles Market Segments by Product Type include: Glazed, Porcelain, and Others
- Key Segments by Application include: Floor, Tiles, and Others
- Key Ceramic Tiles Market Segment by Construction Type include: New Construction, and Renovation
- Key Segments by End Users include: Commercial, and Residential
- Key Regions Covered include: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis
Ceramic Tiles Market: Report Scope
The report on the Ceramic Tiles Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Ceramic Tiles Market include:
- Mohawk Industries, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Concorde Group
- China Ceramic Co. Ltd
- British Ceramic Tiles
- Other Key Companies
Ceramic Tiles Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Ceramic Tiles Market, by Product Type
Ceramic Tiles Market, by Application
Ceramic Tiles Market, by Construction Type
- New Construction
Ceramic Tiles Market, by End User
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Ceramic Tiles Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and the far future?
- What are the evolving types of the global market?
- What are the evolving applications of the global market?
- What are the major attributes that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
- CERAMIC TILES MARKET BY PRODUCT TYPE, Market Size in USD Million & Units (2017—2024)
- CERAMIC TILES MARKET BY APPLICATION, Market Size in USD Million & Units (2017—2024)
- CERAMIC TILES MARKET BY CONSTRUCTION TYPE, Market Size in USD Million & Units (2017—2024)
- CERAMIC TILES MARKET BY END USER, Market Size in USD Million & Units (2017—2024)
- CERAMIC TILES MARKET BY REGION, Market Size in USD Million & Units (2017—2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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