The global ceramic tiles market stood at US$ 84.8 Bn in the year 2021 and is expected to witness a CAGR of 7.2% between 2022 and 2032.
The ceramic tiles market is basically driven by properties like being water-resistant, highly durable, aesthetic appeal, and having cracking resistance. Ceramic tiles are preferred at the time of restructuring as well as renovation of shops, houses, malls, and various other facilities.
The latest trend on this count is that of digitally printed ceramic tiles. They are preferred due to intricate designs. As such, apart from aesthetic appeal, uniformity could be maintained in designs. These days, innovation has entered the interior décor part. Plus, they make way for scratch resistance, slip-resistance, and help in keeping bacteria at bay. European and North American countries are shelling out extra on improvement in appearance of floors and walls in office spaces and houses.
Ceramic tiles are also used to refurbish public recreational spaces, hospitals, schools, and public transport. Airports and railway stations are also being looked upon to have scope for improvement. These factors are expected to take the ceramic tiles market by storm in the forecast period.
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At the same time, there are factors restraining the ceramic tiles market; like release of polluting elements like suspended dust particles, unburnt particles from fuels, smoke, paint and glaze spray particles, and aerosol particles into the atmosphere. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Ceramic Tiles Market’.
Key Takeaways from Ceramic Tiles Market
- North America holds the largest market share due to various tiles manufacturers from Italy setting up their bases in the US. Plus, there is an utmost need to upgrade existing infrastructure.
- LATAM is expected to grow with development in infrastructure activities all across. Brazil and Argentina lead from the front.
- Europe is expected to witness moderate growth in the ceramic tiles market in the forecast period. This could be reasoned with customers increasingly engaging in renovation and replacement activities.
- The Asia-Pacific is expected to grow at the fastest rate in the ceramic tiles market. This could be credited to booming building and construction sector. The other advantages include availability of cheap labor and raw materials in an aplomb.
Competitive Analysis
- Azizi Developments, in the year 2020, inked an agreement with RAK Ceramics for supplying wall and floor tiles, along with bathroom and kitchen fittings to cater to MBR waterfront project in Dubai (UAE).
- RAK Ceramics, in June 2021, entered into collaboration with Patrik Norguet (France) for a novel product range termed as ‘Valet’. It emphasizes on basic but stylish wall and floor tiles fittings.
- Atlas Concorde, in February 2021, launched ‘prism collection’, i.e. its novel product line that comprises unique, hand-crafted, and colourful wall tiles for outdoor and indoor applications.
- Crossville Company, in February 2020, tabled Cursive porcelain wall tile collection, which is noteworthy due to proper shape selection and vivacious color palette.
- RAK Ceramics, in January 2021, did initiate the very first flagship showroom in Jeddah. This showroom has an exclusive space for showcasing the latest design of Maximus Mega Slab collection.
- Kajaria Ceramics, in December 2019, tabled ‘Trends 2020’. The major objective is that of addressing India’s southern region.
- SCG Cement-Building Materials Company, in August 2020, inked a share purchase agreement for acquiring every share of Oitolabs Technologies Pvt. Ltd. (India) for supporting its digital technology and software development with the objective of delivering values to the customers.
- M S International Inc., (MSI), in April 2021, announced expanding the growing assortment of more than 100 Q Premium Natural Quartz products. This launch was inclusive of 5 of the trendy marble-look quartz colors, which represent darker and lighter tones for suiting any style.
“With non-resilient flooring on the rise, the ceramic tiles market to grow on a remarkable note in the near future”, says an analyst from Future Market Insights.
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What does the Report track?
- The research study is based on product (floor tiles, wall tiles, and others) and by application (residential replacement, commercial, new residential, and likewise (countertops, facades).
- The ceramic tiles market is expected to be driven by massive expansion in construction, commercial, and residential sectors.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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