Ceramic Tiles Market Is Likely To Up Demand At A USD 306.73 Billion By 2030

 

San Francisco, 3 April 2024: The Report Ceramic Tiles Market Size, Share & Trends Analysis Report By Product (Glazed Ceramic Tiles, Porcelain Tiles, Scratch Free Ceramic Tiles, Other Tiles), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global ceramic tiles market is anticipated to reach USD 306.73 billion by 2030 and is anticipated to expand at a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for aesthetically, superior and durable wall and floor covering solutions and consumer trends in floor design have been critical to the growth of ceramic tiles industry over the past few years. Increase of workspaces & offices, improving standard of living, and rapid urbanization are factors that have also contributed to the industry growth.

Ceramic tiles are among the popular options available in global market for wall and flooring applications. These tiles possesses low porosity and are resistant to fungus, bacteria, humidity, and stains, which make them easy to maintain and a long-term solution for residential & commercial applications. Moreover, these wall tiles can be modified to meet the desired design goals based on the areas such as hotels, hospitals, corridors, homes, pubs, bars, schools, and places of worship. The attractive colors and patterns available in these tiles enable a complete makeover of building structures.

Growth in construction expenditure in the developing Middle Eastern and Asia Pacific countries can be attributed to robust industrial as well as economic development along with population expansion, which is expected to positively impact on global demand for ceramic tiles in these regions over the coming years. Additionally, government bodies in emerging countries have invested highly in public infrastructures such as offices, building hospitals, and housing societies, which is to propel market demand for these products.

In future years, construction spending is expected to be supported by growth of private sector building contractors in India, China and the United Arab Emirates. China witnessed a slowdown in several sectors including construction sector in 2020. But this country is rapidly moving towards a consumer and service driven economy, which provides it with ample and profitable growth opportunities for new construction activity in different end users sectors including healthcare, education & training, social infrastructure, retail. Aforementioned factors are likely to provide impetus to construction activities in this region in the coming years.

Ceramic tiles are majorly used as coverings in bathroom walls and kitchen floors as they provide durability and act as effective alternatives for mortar, concrete, and cement. Rising disposable income and increasing urbanization are expected to increase demand for residential structures in the Asia Pacific. Growing construction output in residential structures in Asia Pacific is expected to augment the market demand in the near future.

Access Research Report of Ceramic Tiles Market @ https://www.grandviewresearch.com/industry-analysis/ceramic-tiles-market

Ceramic Tiles Market Report Highlights

• Based on product, porcelain tiles segment dominated this market and accounted for a share of 53.2% in 2023. This is on account of its qualities such as versatility, durability, and low maintenance. Moreover, porcelain tiles are non-porous, which means they are highly resistant to water absorption. This characteristic makes them ideal for wet areas such as bathrooms, kitchens, and even outdoor spaces like patios and pool side
• Floor tiles application accounted for the largest revenue share in 2023. Ceramic tiles can withstand the weight and foot traffic that floors are subjected to on a regular basis, which makes ceramic tiles ideal as a flooring solution
• Based on end-use, Commercial segment accounted for the largest revenue share in 2023. Ceramic tiles offer businesses a cost-effective and long-lasting flooring solution that can enhance functionality and aesthetics of their spaces while meeting the demands of high-traffic environments
• Asia Pacific region dominated the market and accounted for a 54.1% revenue share in 2023 and is expected to grow at the highest CAGR from 2024 to 2030. Growing application industries in the region coupled with significant investments, especially in construction in India and China are anticipated to drive the demand for ceramic tiles. Furthermore, increasing commercial sector in Asia Pacific on account of the penetration of multinational brands backed with favorable trade policies is expected to propel the product demand
• In June 2022, Mohawk Industries, Inc. entered into an agreement to acquire Vitromex, a Mexican ceramic tile manufacturer that holds a significant position in the market. This company has four manufacturing facilities located across Mexico and a broad distribution network. This acquisition allowed Mohawk Industries, Inc. to increase its participation in the Mexican ceramic tile market with the help of Virtomex brand

Ceramic Tiles Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 199.31 billion
Revenue forecast in 2030	USD 306.73 billion
Growth Rate	CAGR of 7.4% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in Ceramic Tiles Market

• Atlas Concorde S.p.A.
• MOHAWK INDUSTRIES, INC.
• Crossville, Inc.
• RAK Ceramics
• Cerámica Saloni
• Florida Tile, Inc.
• PORCELANOSA Grupo A.I.E.
• Kajaria Ceramics Limited
• GRUPPO CERAMICHE RICCHETTI S.p.A.
• China Ceramics Co., Ltd.
• Guangdong Monalisa Industry Co.,
• Guangdong Newpearl Ceramics Group Co., Ltd.
• Florim Ceramiche S.p.A.

Access Press Release of Ceramic Tiles Market @ https://www.grandviewresearch.com/press-release/global-ceramic-tiles-market