Ceramic Tiles Market to Exhibit a Decent CAGR of 6.90% by 2030 | MRFR
Research Reports
Mar 15, 2023
The Ceramic Tiles market is projected to grow from USD 482.65 Billion in 2023 to USD 720.28 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 – 2030).
Clays and other natural resources, such sand, quartz, and water, are combined to create ceramic tiles. They are generally utilised as bathroom wall and kitchen floor surfaces in homes, businesses, restaurants, and other establishments. They come in a variety of styles, are reasonably priced, and are simple to instal, clean, and maintain. Although they are brittle and weak in tension and shearing, ceramics have good strength and can endure high temperatures and acidic chemicals. Disc brakes in automobiles, watch cases, cookware, tableware, sanitary ware, floor tiles, pipes, biomedical implants, gas and fire radiants, kiln linings, glass and steel crucibles, knife blades, and ceramic goods are just a few examples of the applications. While some businesses use the terms interchangeably, ceramic tile and porcelain tile are actually extremely different.Ceramic tile is not as dense and has a higher absorption rate.
Regional Analysis:
North America, Europe, Asia-Pacific, and the rest of the world are used to categorise the regions. Due to their characteristics including durability, rigidity, and ease of maintenance, ceramic tiles are expected to see an increase in demand in North America throughout the course of the forecast period. Furthermore, ceramic tiles are expected to become more and more popular for wall and flooring applications due to its simplicity of installation and availability in a broad variety of colours, textures, and dimensions. The largest consumer is the USA. One of the main factors driving the market’s expansion in Europe is the increased consumer investment in replacement and refurbishment projects. Italy is a prominent supplier of ceramic tiles, with the US, France, Austria, Belgium, Germany, Greece, and France among its top import markets.As previously mentioned, cost advantages and rising industrial and urbanisation are the main drivers of the ceramic tile market trends in the Asia-Pacific region. China and India dominate the world market for ceramic tiles in terms of volume. Government structures and regulations, such as tax breaks and incentives, also drew several significant businesses to expand operations in the Asia-Pacific region. Saudi Arabia, the United Arab Emirates, Brazil, Argentina, South Africa, Turkey, and Egypt make up the rest of the world. Due to the rapid expansion of the healthcare, real estate, and construction sectors, the market for ceramic tiles in the UAE is anticipated to expand significantly over the course of the forecast period. The United Arab Emirates’ ceramic tile producers make use of cutting-edge technology and creative designs.One of the oldest and fastest-growing ceramic manufacturing sectors in the world is found in Turkey. Israel imports its ceramic tile raw materials from Turkey and Ukraine. The ceramic tile market is predicted to be dominated by Asia-Pacific, which is the region with the quickest rate of growth.
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Market Segmentation:
By type it is further segmented as Porcelain, Glazed & Unglazed.
By End User it is divided into Residential& Non-Residential.
By Application it is further divided as Flooring L Internal Wall,External Wal lOthers.
By Regions it is further segmented as North America, Europe, Asia-Pacific & Rest of the World.
Key Players:
Mohawk Industries, Inc. (USA), STN Cerámica (Spain), SCG Ceramics (Thailand), Grupo Lamosa SAB de CV (Mexico), Pamesa Ceramica (Spain), RAK Ceramics (UAE), Cerâmica Carmelo Fior Ltd (Brazil), Kajaria Ceramics Limited (India), Ilex ceramica (India), Sakar Granito Private Limited (India)
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