The global ceramic tiles market size was USD 50.84 billion in 2020. The market is projected to grow from USD 63.42 billion in 2024 to USD 95.32 billion in 2032 at a CAGR of 5.2% during the 2024-2032 period. According to our analysts, growth of the market is fuelled by the augmentation in construction projects pooled with the rising investment by nations for the development of the infrastructure. Features such as high robustness, water resilient, cracking resistance, as well as aesthetically enticing, are surging the product demand. This information is provided by Fortune Business Insights™, in its report, titled, “Ceramic Tiles Market, 2024-2032.”
The ceramic tiles market has experienced remarkable growth over the past decade, driven by increasing urbanization, rising construction activities, and growing demand for aesthetically pleasing and durable flooring and wall solutions. Ceramic tiles are widely preferred due to their durability, resistance to stains, ease of maintenance, and versatility in design. As global economies continue to expand, especially in emerging markets, the ceramic tiles market is set to witness further growth.
List of Key Players Covered in the Ceramic Tiles Market Report
MOHAWK INDUSTRIES INC. (U.S.)
SCG CERAMICS (Thailand)
Grupo Lamosa (Mexico)
Grupo Cedasa (Brazil)
RAK CERAMICS (UAE)
Cerâmica Carmelo Fior (Brazil)
PAMESA CERÁMICA SL (Spain)
Kajaria Ceramics Limited (India)
STN Cerámica (Spain)
Dynasty Ceramic Public Company Limited (Thailand)
Cersanit Group (Poland)
Somany Ceramics (India)
PT Arwana Citramulia Tbk (Indonesia)
Vitromex USA, Inc. (U.S.)
Kale Group (India)
LASSELSBERGER Group (Austria)
Drivers and Restraints
Rising Construction Industry in Emerging Nations to Drive Market Demand
The development of the construction industry in emerging nations is one of the market drivers. The upsurge in investments made by the governments to construct and refurbish infrastructure for public welfare of the nations. The development of public recreational hospitals, spaces, schools, and public transport has resulted in the rising utilization of ceramic tiles. This is expected to bolster the ceramic tiles market growth during the forecast period.
Market Segmentation
By Type:
Glazed Tiles: Known for their smooth finish and protective coating, glazed tiles are widely used for indoor applications due to their glossy appearance.
Porcelain Tiles: Denser and more durable than regular ceramic tiles, porcelain tiles are ideal for high-traffic areas and outdoor applications.
Unglazed Tiles: These tiles have a more natural, matte finish and are commonly used for outdoor spaces or areas where a rustic aesthetic is desired.
By Application:
Residential: This segment dominates the market due to the widespread use of ceramic tiles in homes, for flooring, walls, and countertops.
Commercial: Ceramic tiles are also gaining traction in commercial spaces such as retail stores, offices, and hotels, where aesthetics and durability are key factors.
Industrial: With their chemical resistance and strength, ceramic tiles are increasingly being used in industrial settings like laboratories and factories.
By Geography:
Asia-Pacific: The largest market for ceramic tiles, driven by rapid urbanization, increasing construction activities, and a growing middle class. Countries like China and India dominate the region’s consumption.
Europe: Strong demand for aesthetically appealing tiles, coupled with stringent environmental regulations, propels the ceramic tiles market in this region.
North America: Growing consumer preference for eco-friendly and aesthetically rich tiles fuels the market. The U.S. and Canada are major contributors.
Middle East & Africa: Infrastructure development and tourism projects in countries like Saudi Arabia, UAE, and Qatar boost demand for ceramic tiles.
Latin America: Rising investments in housing and commercial construction are fostering the growth of the ceramic tiles market.
Information Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
Regional Insights
Asia Pacific to Dominate Backed by Rapidly Growing Construction Sector
The market size in Asia Pacific worth of USD 22.47 billion in 2020. Asia Pacific held maximum ceramic tiles market share and is the biggest manufacturer and customer of ceramic-based tiles, displays indications of appearing as a dominant region during the forecast period.
Europe is projected to perceive reasonable growth in the future. The increasing investment by the consumers in replacement and renewal actions is one of the crucial motives accountable for the growth of the market in Europe.
North America is estimated to observe healthy growth in the market. The current trend of personalization and alteration will expand the demand for ceramic tiles in this region.
Competitive Landscape
Procurements Instigated by Critical Companies to Drive Market Growth
The leading players in the market continuously opt for efficient strategies to improve their brand value and promote the global market growth of the product with encountering least possible obstacles. One such effective strategy is procuring competitive companies and further safeguarding a profit for both the companies.
Report Coverage
It highlights the latest industry developments and key market trends.
It advises strategies to overcome the challenges and restraints to market growth.
It incorporates SWOT analysis for accurate market prediction.
It includes the list of key players profiled in the market.
It highlights key revenue pockets for the market.
Industry Development
January 2024: RAK Ceramics unveiled its prime Flagship Showroom in Jeddah along with the third one in Saudi Arabia. The novel showroom intends to satisfy the surging demand in the region and will situate the brand as a luxury solution provider in Saudi Arabia.