Ceramic tiles are increasing being adopted by the residential sector. These tiles are usually made of sand, clay, or other natural products. The raw material is first molded into desired shape and size, and is then baked in a kiln at temperature exceeding 1,000º Celsius. Ceramic tiles are majorly used in the construction industry to cover surfaces such as internal and external floors, walls, roofs, partitions, and footpaths. Demand for ceramic tiles is rising, owing to the benefits offered by them such as high durability, water resistivity, color permanence, and easy maintenance.
Increasing trend of interior decoration coupled with high aesthetic appeal of ceramic tiles is expected to drive the market growth over the forecast period. Moreover, growing construction industry is expected to drive growth of the ceramic tiles market over the forecast period. For instance, according to the Chartered Institute of Building (CIOB), in 2017, the global construction industry was valued at US$ 10.8 trillion and is expected to reach US$ 17.5 trillion by 2030, with average global construction growth rate of 3.9% annually.
Among regions, Asia Pacific is estimated to hold dominant position in the ceramic tiles market over the forecast period, owing to rising construction activities in countries such as India and China. For instance, as per India Brand Equity Foundation (IBEF), the real estate sector of India was valued at US$ 120 billion in 2017, and is expected to reach US$ 1 trillion by 2030. Moreover, government initiatives and increasing investments in infrastructure activities in emerging economies such as China, India, and others are the key factors, which is expected to drive growth of the ceramic tiles market. For instance, Government of India launched 'Housing for all scheme' in 2015. The scheme plans to provide affordable houses to all eligible families by 2022. This is expected to boost the construction industry growth, in turn aiding in growth of the market.
KEY MARKET PLAYERS
Various companies are focused on adopting strategies such as new product launches in order to enhance its product portfolio. For instance, in September 2019, Somany Ceramics, one of the leaders in the Indian Ceramic Industry, launched ‘Slip-Shield Tiles’, which prevents any possibility of skidding even when the surface is damp & soapy. Major players in the global ceramic tiles market include Mohawk Industries, Inc., Gruppo Concorde, Siam Cement group, Kajaria Ceramics, Johnson Tiles, RAK Ceramics, Ceramica Saloni, S.A.U, Grupo Lamosa, Somany Ceramics, China Ceramics Co., Ltd, and Lasselsberger GmbH.
On the basis of product type, the ceramic tiles market is segmented into:
On the basis of application, the ceramic tiles market is segmented into:
On the basis of construction type, the ceramic tiles market is segmented into:
On the basis of end user, the ceramic tiles market is segmented into:
On the basis of region, the Ceramic Tiles market is segmented into:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.