CHICAGO, Aug. 19, 2024 /PRNewswire/ -- The
report "Ceramic Tiles Market by Type
(Porcelain, Ceramic), Application (Floor Tiles, Internal Wall
Tiles, External Wall Tiles) End-use Sector (Residential,
Non-residential), Finish (Matt, Gloss), Construction Type, and
Region - Global Forecast to 2030", size is projected to grow
from USD 194.2 billion in 2024 to
USD 228.3 billion by 2030, at a CAGR
of 2.7% during the forecast period.
The ceramic tiles market is driven by increasing construction
and renovation activities, urbanization, and consumer demand for
stylish and durable building materials. However, the market faces
restraints from fluctuating raw material prices. Opportunities lie
in the growing demand for eco-friendly and innovative tile designs.
The challenges include intense competition and the need for
continuous technological advancements to meet evolving consumer
preferences.
Browse in-depth TOC on "Ceramic Tiles Market"
292 – Tables
58 – Figures
272 –
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The Porcelain segment is expected to register highest growth
in the global ceramic tiles market during the forecast
period
The porcelain tiles segment is the fastest-growing market
segment. This is due to its exceptional durability, low
maintenance, and versatile design options. Porcelain tiles are more
resistant to water, stains, and wear than ceramic tiles, making
them suitable for various applications, including high-traffic and
outdoor areas. This durability appeals to consumers and businesses
looking for long-lasting flooring solutions. Additionally,
advancements in large format tiles and digital printing technology
allow porcelain tiles to closely mimic natural materials like
marble, wood, and stone, enhancing their aesthetic appeal.
Flooring segment is projected to be the fastest growing
segment in the ceramic tiles market
Flooring is the fastest-growing segment in the ceramic tiles
market due to the increasing demand for durable, low-maintenance,
and aesthetically pleasing surfaces in both residential and
non-residential/ commercial properties. As more consumers
prioritize long-lasting and easy-to-clean flooring solutions,
ceramic tiles become a preferred choice due to their resistance to
moisture, stains, and wear. The versatility in design and the
ability to mimic natural materials like wood and stone also
contribute to their popularity, catering to a wide range of style
preferences. Furthermore, the rising trend of home renovations and
the expansion of commercial and retail spaces drive the growth of
the flooring market, as these projects often require high-quality,
durable flooring materials.
The Residential segment to register a higher CAGR during
forecast period
The residential sector is the fastest-growing market in the
ceramic tiles industry due to a combination of factors. One reason
is the increasing trend of home renovations and upgrades. The
ceramic tiles are favored for their affordability and lighter
weight, making them a cost-effective choice for residential
applications as compared to the heavier, more expensive porcelain
tiles which are often used in commercial settings. Although the
porcelain tiles are also used in residential projects, the
widespread appeal of ceramic tiles for their ease of maintenance
and diverse design options drives their dominant presence in home
improvement. This growing investment in residential spaces along
with the preference for budget-friendly and versatile materials,
boosts the growth of the ceramic tiles market in the residential
sector.
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Asia Pacific region is the
largest market for ceramic tiles
The Asia-Pacific (APAC) region
dominates the ceramic tiles market due to several key factors. The
region has a big construction sector which is driven by rapid
urbanization and infrastructure development, particularly in
countries like Thailand,
Indonesia, China, India,
and Vietnam. This growth creates
substantial demand for ceramic tiles in both residential and
commercial projects. The Asia
Pacific region also benefits from a vast and skilled labor
force, enabling cost-effective production. The region also has
plentiful raw materials, such as clay and feldspar, essential for
ceramic tile manufacturing.
Key Players
Mohawk Industries Inc. (US), Grupo
Lamosa (Mexico), Pamesa
Ceramica (Spain), RAK Ceramics
(UAE), Siam Cement Public Company Limited (Thailand), Kajaria Ceramics (India), Ceramica Carmelo For (Brazil) are the key players operating in the
ceramic tiles market. Expansions, acquisitions, and deals are some
of the major strategies adopted by these key players to enhance
their positions in the ceramic tiles market.
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