Ceramic Tiles Market
Ceramic Tiles Market (Product: Floor Tiles, Wall Tiles, and Others; and Application: Residential Replacement, Commercial, New Residential, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Ceramic Tiles Market: Increase in New and Refurbishment Construction Activities especially in Asia Pacific
- Ceramic tiles are one of the most popular tiles and they are used in building and construction activities all over the globe. Ceramic tiles is a key building material used in the construction industry. Ceramic tiles are stylish, durable, and versatile. They play an integral part in the décor of any space
- Ceramic tiles are manufactured from various minerals and clays such as feldspar, zircon, bentonite, kaolin, and clay. Raw materials undergo various mechanical operations such as mixing, drying, and forming to yield the ceramic tile body
- Increase in new and refurbishment construction activities in Asia Pacific especially in China and India is the major factor which is expected to drive the demand for ceramic tiles
- Countries in Asia Pacific are estimated to account for a leading share of the global flooring sector, led by growth of economy, easy availability of resources, and wide industrial base in these countries. These factors, in turn, are anticipated to drive the demand for ceramic tiles in Asia Pacific during the forecast period 2019 to 2027
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Floor Tiles is Expected to Continue to Be Major Product Type
- Based on product, the ceramic tiles market has been segmented into the floor tiles, wall tiles, and others. The others segment include ceiling tiles, roofing tiles, and countertop tiles. Floor tiles are consumed the most, followed by wall tiles. Floor tiles accounted for more than 50% in 2018 and is expected to continue to be major product type during the forecast period 2019 to 2027. Floor occupies larger space in construction activities due to which it requires large number of tiles. Ceramic floor tiles are also commonly used in shower and toilet flooring, due to their ability to resist stains, odors, allergens, or bacteria
- Ceramic floor tiles is also expected to exhibit significant CAGR during the forecast period 2019 to 2027. Ceramic floor tiles is anticipated to grow at CAGR of more than 9.0% between 2019 and 2027
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Residential Replacement Contributed Major Demand for Ceramic Tiles Market
- Based on application, ceramic tiles has been segmented into residential replacement, commercial, new residential, and industrial. Out of which, residential replacement accounted for more than 40.0% of the total ceramic tiles market in 2018. It is likely to remain dominant application during the forecast period 2019 to 2027
- Increase in renovation activities owing rise in disposable income followed by improved standard of living is the major factor of which drives the demand for ceramic tiles for residential replacement. However, new residential segment is expected to exhibit significant CAGR of more than 10% during the forecast period 2019 to 2027
- Increase in new construction activities in residential segment is the major factor which makes new residential segment highly attractive application for ceramic tiles
Rise in Construction Activities Makes Asia Pacific Major Region For Ceramic Tiles
- In terms of geography, the Ceramic Tiles market has been bifurcated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific held the leading market share of more than 60% in 2018. It is likely to remain dominant region over the forecast period 2019 to 2027
- Asia Pacific accounts for the significant market share of the global ceramic tiles both in terms of revenue and volume. Increasing disposable incomes, and rising construction activities in Asia Pacific drive the market for ceramic tiles in the region. China held a leading share of the market in the region in 2018, owing to presence of promising construction industry in the region. China, India, Vietnam, and Indonesia are key countries of the market in Asia Pacific
- The North America market is anticipated to witness steady growth between 2019 and 2027. Currently, recovery of the building & construction industry in the region, especially in the commercial sub-segment, is a key factor driving the ceramic tiles market in North America.
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Global Ceramic Tiles Market: Competition Landscape
- Large number of players available in the market. Majority of the players have strong position in their respective regions. Key players operating in the market are Major manufacturers of ceramic tiles across the world include
- Mohawk Industries, Inc.
- Siam Cement Group
- Ras Al Khaimah (RAK) Ceramics
- Grupo Lamosa
- Kajaria Ceramics
- China Ceramics Co. Ltd.
- LASSELSBERGER GmbH
Panariagroup Industrie Ceramiche S.p.A.
- Gruppo Concorde S.p.A
- Johnson Tiles,
- Kale Group
Global Ceramic Tiles Market – Scope of the Report
Transparency Market Research’s recent report on the Global Ceramic Tiles market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global Ceramic Tiles market analyzes the market scenario for the period from 2019 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global Ceramic Tiles market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global Ceramic Tiles market along with their influence on the evolution of the market.
This study also offers Porter’s Five Forces analysis, value chain analysis, pricing analysis, and regulatory scenario of the global Ceramic Tiles market in order to elaborate crucial growth strategies of and opportunities for players operating in the market.
Key Questions Answered in Global Ceramic Tiles Market Report
- How much revenue is the global Ceramic Tiles market expected to generate by the end of the forecast period?
- Which regions currently account for the maximum share of the global Ceramic Tiles market?
- What are the key factors expected to drive the global Ceramic Tiles market?
- Which region is likely to be a lucrative market for Ceramic Tiles during the forecast period?
- What are the essential strategies adopted by key players operating in the global Ceramic Tiles market to expand their geographical presence?
- What are major advancements in the global Ceramic Tiles market?
This report answers these questions about the global Ceramic Tiles market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business.
Global Ceramic Tiles Market: Research Methodology
This TMR report on the global Ceramic Tiles market is based on a complete and comprehensive evaluation of the market, supported by secondary and primary sources. The competition scenario of the global Ceramic Tiles market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global Ceramic Tiles market arrived at predictions and estimations, and calculated the market forecast.
This report adopts the analytical triangulation method to estimate the numbers of the global Ceramic Tiles market, by using both bottom-up and top-down approaches.
This detailed assessment of the global Ceramic Tiles market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global Ceramic Tiles market is set to expand are based on carefully vetted primary and secondary sources.
The Global Ceramic Tiles market can be segmented as follows:
Global Ceramic Tiles Market, by Product Type
- Floor Tiles
- Wall Tiles
Global Ceramic Tiles Market, by Application
- Residential Replacement
- New Residential
Global Ceramic Tiles Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
Global Ceramic Tiles Market: Segmentation
This report on the global Ceramic Tiles market provides segmentation of the market based on product, application and region