Ceramic Tiles Market to Reach US$ 210.3 Bn by 2031: TMR Study

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Nov 15, 2022, 07:30 ET

Growing inclination towards adoption of natural products for construction activities in both commercial and residential applications will boost market growth.
Kitchen and bathroom flooring designs are key uses of ceramic tiles, especially in warm climatic regions. Besides cost-efficiency, the easy to fit, clean, and maintain properties of ceramic tiles will boost market demand

WILMINGTON, Del., Nov. 15, 2022 /PRNewswire/ -- The rising demand for eco-friendly products for multiple flooring applications across the industrial, commercial, and residential sectors is boosting the Ceramic Tiles Market growth. The low cost and easy maintenance properties of ceramic tiles make it most apt for interior decoration. The global Ceramic Tiles Market size is anticipated to reach US$ 210.3 billion by the end of the forecast period, 2031, on account of the rising inclination of people towards improving the aesthetic appearances of their homes and commercial spaces.

Rapid increase in disposable incomes of people in the emerging economies, and the rise in construction activities are likely to bode well for the growth of the market for ceramic tiles, particularly in Asia Pacific. The floor tiles segment earned a key share in 2021 in the market, and the popularity can be attributed to the better heat resistance and strength floor tiles offer. Additionally, the thickness and weight of the floor tiles are also more in comparison to their counterparts such as wall tiles or ceiling tiles, thereby helping this segment continue to enjoy prominence in the forecast period.

The glazed tiles segment will also generate significant growth opportunities owing to their shiny and aesthetic appeal in comparison to its counterpart, i.e. unglazed tiles type. While all commercial, industrial, and residential applications have a high demand for ceramic tiles for their renovation and construction activities, the residential sector is holding the lion's share. This is indirectly related to the imposition of stringent stay-home regulations during the COVID-19 pandemic, wherein people started looking for ways and means to beautify their homes and living spaces.

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Key Findings of Ceramic Tiles Market Study

Growing Preference for Sustainable Building Development Will Spur Growth: The rapid rate of global warming has had major impacts on the earth, one of them being rise in atmospheric temperature. This problem is especially high in cities, with increased air pollution, water consumption, higher energy demands, and others. As a result, ceramic tiles manufacturers are focusing on the development and implementation of eco-friendly solutions to this problem. This is further propelling the demand for nature-derived construction materials for use in sustainable building development.
High Heat Absorption and Long-Lasting Properties of Ceramic Tiles Will Boost Growth: Products made of ceramic tiles materials are inert, with significant recycled material content, are long-lasting, and have the ability to control heat absorption. This is projected to augment the sales of ceramic tiles product especially in cities with high pollution levels, high water consumption, and high energy needs.

Ceramic Tiles Market: Key Drivers

As per the ongoing Ceramic Tiles Market trends of aesthetically designed infrastructures, they are widely used in kitchen floor and bathroom walls. Besides this, there is increasing uses in offices, shops, and restaurants. These business applications are likely to create lucrative growth opportunities in the future market.
Owing to rise in environmental regulations related to use of non-degradable products, there has been high demand for ceramic products in the world market. The low cost and easy maintenance aspect makes it for achievable for both medium, and high -income consumers or businesses.

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Ceramic Tiles Market: Regional Growth Dynamics

Asia Pacific emerged dominant with 42.2% share earned in 2021 on account of the increasing rate of disposable incomes of people, and rise in construction as well as renovation activities.
Europe and North America markets will witness significant growth owing to increasing demand form commercial sub-segments such as restaurants, and offices and rise in renovation activities.

Ceramic Tiles Market: Key Players

Some of the key players of the Ceramic Tiles Market include

Kale Group,
Johnson Tiles,
Grupo Concorde S.p.A.,
Panariagroup Industrie
Ceramiche S.P.A.,
LASSELSBERGER,
China Ceramics Co. Ltd.,
Kajaria Ceramics,
Grupo Lamosa,
Ras Al Khaimah (RAK) Ceramics,
Siam Cement Group,
Mohawk Industries Inc.

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Ceramic Tiles Market Segmentation

Product

Floor Tiles
Wall Tiles
Roofing Tiles
Ceiling Tiles

Application

Residential Replacement
Commercial
New Residential
Industrial

Regions

North Americas
Europe
Asia Pacific
Middle East and Africa
Latin America

Countries

U.S.
Canada
Germany
U.K.
France
Spain
Italy
Russia & CIS
China
India
Japan
ASEAN
Brazil
Mexico
GCC
South Africa

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