Ceramic Tiles Market Challenges - New Industry Overview and Forecasts To 2027

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

Market Drivers:

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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Increasing Urbanization

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

Market Restraints:

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)
SCG
Lamosa
Pamesa
Kajaria
Portobello
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

Glazed
Porcelain
Others

Ceramic Tiles Market, by Application

Floor
Wall
Others

Ceramic Tiles Market, by Construction Type

New Construction
Renovation

Ceramic Tiles Market, by End User

Commercial
Residential

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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

INTRODUCTION
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
APPENDIX

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