Ceramic Tiles Market Overview:
Global ceramic tiles market size was $84,123 million in 2015, and is expected to reach $145,949 million by 2022, registering a CAGR of 8.1% from 2016 to 2022. Ceramic tiles are widely applicable in residential and commercial buildings, owing to their durability and crack resistance nature. Protective coatings on ceramic tiles offer high water resistance, stain protection, and cleanup. Ceramic tiles have intact glazing, which provides protection from dust as well.
The global ceramic tiles market is driven by the growth in the construction industry, owing to rapid expansion of the housing sector and increase in construction spending globally. Urbanization and increase in population are expected to fuel the market growth. Ceramic tiles provide an aesthetic look, sustainability, and better reliability, leading to increased demand in construction of large number of buildings. The global ceramic tiles market growth is characterized by numerous opportunities to market players, owing to rise in disposable income and rapid growth in the global economy.
The global ceramic tiles market is segmented based on product type, raw material, application, and geography. Product type is classified into wall tile, floor tile, vitrified tile, and industrial tile. The raw material segment is divided into feldspar, kaolin, bentonite, and silica sand. Applications studied in this report include residential replacement, new residential commercial, and others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
In 2015, residential replacement and new residential segment collectively accounted for the major market, in terms of value, with approximately 65% share. Residential replacement is the top investment pocket in the ceramic tiles market, attributed to the anticipated replacement of marble, granite, stone, and glass used in the residential construction with ceramic tiles. Thus, owing to the high growth rate and the significant revenue generated by the building & construction industries, the segment is anticipated to provide high stability along with significant return on investment for the stakeholders.
Moreover, the strong barrier to dust and water is expected to fuel the stakeholders to capitalize on the underlying opportunities in this industry. However, governmental regulations pertaining to the carbon emissions in the production of ceramic tiles hampers the market growth. This has enforced market players to look out for new environment-friendly production processes.
Asia-Pacific Ceramic Tiles Market Analysis and Trend
Asia-Pacifics consumption of ceramic tiles is expected to increase in future, especially in emerging markets, such as China and India, assisted by the growth in the regions population, development in construction industry, and stable economic growth. Substantial development in the residential replacement application is anticipated to boost the ceramic tiles market in this region.
Asia-Pacific Ceramic Tiles Market for Residential Replacement, 2014-2022 ($Million)
Major companies have adopted product launches, expansions, mergers, and agreements to sustain the intense competition in this market. The key players profiled in the report include RAK Ceramics, Mohawk Industries, Ceramica Saloni, China Ceramics, Kajaria Ceramics, Porcelanosa Grupo, Siam Cement Group, Lamosa Grupo, Ras Al Khaimah Ceramics, and Crossville Inc.
Other market players (not profiled in report) in the value chain include Gruppo Ceramiche Ricchetti S.p.A, Ceramiche Atlas Concorde S.P.A, Florida Tile Inc., Daltile, Al Anwar Ceramic Tiles Company SAOG, Marazzi, and Roca Tile USA.
Key Benefits for Stakeholders
- This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global ceramic tiles market.
- In-depth analysis of the market size is conducted, and estimations for key segments between 2014 and 2022 are provided.
- Competitive intelligence (of leading manufacturers and distributors) provides the competitive scenario across the geographies.
- Factors that drive and restrain the growth of the market are provided.
- Ceramic tiles industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Ceramic tiles market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.
- Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the ceramic tiles industry trends.
Ceramic Tiles Market Key Segments
By Product Type
- Wall Tile
- Floor Tile
- Vitrified Tile
- Industrial Tile
By Raw Material
- Silica Sand
- Residential Replacement
- New Residential
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA