The global ceramic tiles market was valued at USD 50.84 billion in 2020. It is anticipated to expand from USD 63.42 billion in 2024 to USD 95.32 billion by 2032, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032. This growth is driven by increased construction activities and substantial infrastructure investments by various nations. The demand for ceramic tiles is bolstered by their durability, water resistance, crack resistance, and appealing aesthetics. This information is provided by Fortune Business Insights™ in the report titled, “Ceramic Tiles Market, 2024-2032.”
Key Players in the Ceramic Tiles Market:
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)
Elizabeth Group (U.S.)
Grupo Celima Trebol (Peru)
White Horse Ceramic (Malaysia)
Ceramic Industries Group (South Africa)
Report Highlights:
Latest industry developments and market trends.
Strategies to address challenges and constraints to market growth.
SWOT analysis for precise market forecasting.
List of key players profiled in the market.
Identification of key revenue opportunities.
Segmentation
By Application: The market is segmented into floor, walls, and others.
By End-Use: It is classified into residential and non-residential sectors.
By Region: The global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints
Drivers:
Rising Construction Industry in Emerging Nations: The growth in the construction sector in emerging economies is a major driver for the ceramic tiles market. Increased government investments in constructing and renovating infrastructure for public welfare—including recreational facilities, hospitals, schools, and public transportation—are boosting the demand for ceramic tiles. This trend is expected to support market growth throughout the forecast period.
Regional Insights
Asia Pacific: Dominates the market with a value of USD 22.47 billion in 2020. This region is the largest producer and consumer of ceramic tiles and is expected to continue its dominance during the forecast period due to its rapidly growing construction sector.
Europe: Expected to experience moderate growth, driven by increased consumer investment in renovation and replacement projects.
North America: Anticipated to see healthy growth, with current trends in personalization and customization driving the demand for ceramic tiles in this region.
Information Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377
Competitive Landscape
Procurements by Key Companies Driving Market Growth
Leading players in the ceramic tiles market are actively employing strategic measures to enhance their brand value and promote global market growth with minimal challenges. A key strategy involves acquiring competitive companies to secure profits and strengthen their market position.
Industry Development
January 2024: RAK Ceramics launched its flagship showroom in Jeddah, marking its third showroom in Saudi Arabia. This new showroom aims to address the growing demand in the region and position RAK Ceramics as a luxury solution provider in Saudi Arabia.