Ceramic Tiles Market to Grow at a CAGR of 2.39% Until 2026
Higher per capita income and expansion
in investments in the residential and commercial sectors to boost up global ceramic tiles market through 2026
According to TechSci Research report, “Global Ceramic Tiles Market
By Construction (New Construction and Replacement & Renovation), By
End-User (Residential and Non-Residential), By Application (Floor, Wall, Roof
and Others), By Region, Competition, Forecast & Opportunities, 2026’’,
the Global Ceramic Tiles Market is projected to cross USD143 billion by 2026 at
a CAGR of 2.39%, on account of growing demand for ceramic tiles due to rising development of high-rise
commercial and residential buildings, increasing capital inflow into the
real-estate sector, and growing infrastructure development and construction activities. Moreover, enhanced
design innovations, and their lighter weight in comparison to other
alternatives like stone or marble will positively influence the Global Ceramic Tiles Market in the coming
years.
Global
Ceramic Tiles Market can be segmented based on construction type, end-user, application
and region. In terms of construction type, the market can be bifurcated into new
construction, and replacement & renovation. New construction segment has a market share of 63% due to
growing urbanization, rise in government initiatives and
increased construction projects in growing economies. Rise in disposable income
has led to increase in replacement and renovation of houses that ultimately has
led to increase in the demand for ceramic tiles. Moreover,
the increasing repair, reconstruction, and rehabilitation of existing
infrastructure is contributing to the growth of Global Ceramic Tiles Market is
increasing.
Browse
119 Figures spread through 110 Pages and an in-depth TOC on"
Global Ceramic Tiles Market"
https://www.techsciresearch.com/report/global-ceramic-tiles-market/3467.html
On
the basis of end-user, the market is segmented into residential and non-residential
sectors. The residential sector has 64% market share owing to increase in
population and rise in residential construction sector. In addition, the shielding
layer on the glazed ceramic tiles also makes them highly water proof, thus improving
their efficiency in damp and humid conditions. The ceramic tiles are also
extensively used in non-residential sectors due to their durability and versatile
properties and easy installation. Non-residential construction segments like
commercial buildings, offices, hospitals, hotels and shopping malls are widely using
these ceramic tiles due to their cost-effectiveness, fabulous designs, resistant
to slip, and water-safe properties. Growing interest among designers and
architects regarding application of ceramic tiles, flooring in non-residential
application is expected to boost the product demand. Moreover, advancement in
production technology has made it possible to manufacture tiles of larger
dimensions, thus positively shaping the growth of the market.
Based
on Application, the market
can be segmented into floor, wall, roof and others. The floor segment accounts
for the largest market share of 42% due to toughness followed by wall segment
due to vast designs and patterns of ceramic tiles. The minimal cost, ease of use
and huge variety of shapes and sizes available makes them ideal for this
purpose. Effortless cleaning, elegant designs, and stain and water resistance
offered by ceramic tiles is likely to propel its demand in non-residential
flooring application over the forecast period.
In the Global
Ceramic Tiles Market, Asia-Pacific is the largest contributor with 65.22% value
share in 2019. China is the largest
contributing country in the region with 53% share in 2020, followed by India,
Vietnam, and Indonesia. Being the world’s largest ceramic tiles exporter,
china’s growing urbanization and infrastructure projects are contributing to
the country’s leading market position. Meanwhile
developing economies like India is at the third
position after Brazil and is growing at quicker pace due to huge demand for ceramic
tiles that are hard to slip and scratch resistant.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3467
Customers can also request for 10% free customization on
this report.
Mohawk Industries Inc., SCG Ceramics Public
Company Limited, Grupo Lamosa SAB de CV, PAMESA CERÁMICA COMPACTTO S.L.U, RAK
Ceramics PJSC, Kajaria Ceramics Ltd., Intreceramic USA inc., Gruppo Concorde
S.p.A., Victoria Ceramics Plc and Cersaint S.A. are among the leading players
operating in Global Ceramic Tiles Market. Companies operating in the market are
using organic strategies, partnerships, mergers and collaborations to boost
their share in Global Ceramic Tiles Market. Significant players in the business
are concentrating on accomplishing ideal operational expenses, upgrading the
item quality, boosting production output, and merging with small players to
support in the competitive market. Besides, high funding in R&D for
enhancing the ceramic based ground surface items is likewise a factor
considered by the players to remain in competition.
“Increasing Infrastructure developments across
major developed as well as developing countries coupled with an increasing
number of multi-storey, commercial and residential buildings across the globe
are boosting demand for ceramic tiles, globally. The cost-effectiveness,
lighter weight, and prolonged durability makes ceramic tile superior over its
alternatives. Moreover, technological advancements, and innovations in design
of ceramic tiles have also been positively influencing the market. Continuance
of such upward trend in infrastructure and construction activities across the
globe is expected to drive the Global Ceramic Tiles Market in the coming years.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global
Ceramic Tiles Market By Construction (New Construction and Replacement &
Renovation), By End-User (Residential and Non-Residential), By Application
(Floor, Wall, Roof and Others), By Region, Competition, Forecast &
Opportunities, 2026” has
evaluated the future growth potential of Global Ceramic Tiles Market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities in the Global
Ceramic Tiles Market.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third
Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: [email protected]