Ceramic Tiles Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | 6.43 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ceramic Tiles Market Analysis
The Ceramic Tiles Market size is expected to grow from USD 358.60 billion in 2023 to USD 489.70 billion by 2028, at a CAGR of 6.43% during the forecast period.
The ceramic tiles market is one of the leading variants of the flooring market. It suffered several setbacks in 2020 due to the COVID-19 outbreak. India, the second-largest ceramic tiles producer after China, was one of the worst-hit markets due to the virus outbreak, which resulted in a shortage of finished tiles in the market. However, the construction sector, a key market for ceramic tiles, has also been suffering due to COVID-19, which affected the ceramic tiles market.
Ceramic tiles are multipurpose products that have varied applications across different geographies and end-user industries. There are several driving factors for the growth of the market across the world. Most prominent is the increasing construction activity, supported by the growing need for housing. In developing economies, like the countries in the Middle East and Asia-Pacific, rapid urbanization and a rise in disposable incomes also contribute significantly to market dynamics. China, Japan, and India's construction businesses are experiencing robust growth due to the growth in the Asia-Pacific and global market. Rising disposable income and high population, along with other factors, are positively influencing the construction sector, which is driving the ceramic tiles market. Vendors make use of the advancements in digital printing technology to provide ceramic tiles with a wide range of design aesthetics. The ceramics tiles market accounts for about 80% of the non-resilient flooring market. However, governmental regulations pertaining to the carbon emissions in the production of ceramic tiles hamper the market growth. Ceramic tiles are widely applicable in residential and commercial buildings, owing to their durability and crack-resistant nature. Moreover, the protective coatings on ceramic tiles offer high water resistance, stain protection, and cleanup for the tile surface.
Ceramic Tiles Market Trends
Expanding Construction and Real Estate Sector is Helping the Market to Record More Revenue
Demand for ceramic tile is driven by expanding the real estate and construction sectors across the regions. Commercial and residential construction and real estate are on an expansion path in the majority of countries. The residential segment, which accounts for a greater share of the market, is recording more transactions with both new home construction and replacement and renovation construction. Due to the COVID-19 pandemic, the construction sector faced several challenges, like a lack of investment, failure to finish the project on time, a raw material shortage, a lack of skilled labor, high operating costs, etc., and the sector slowly returned to the growth track. The trend is anticipated to continue in the forecast period and help ceramic tiles expand into a more niche market.
Asia-Pacific Region is Anticipated to Grow at Highest Rate
Asia-Pacific is the fastest-growing market and is expected to dominate the global ceramic tiles market throughout the forecast period. As stated, rapid industrialization and urbanization, and cost benefits are the prime reasons for the growth of the ceramic tiles market in the Asia-Pacific region. In terms of volume, China and India dominate the global ceramic tiles market. Additionally, government regulations and frameworks, such as tax benefits and incentives, attracted many vital players to increase operations in Asia-Pacific. As the most populated countries, China and India have given rise to more building and construction industries. This provides an impetus for the market for ceramic tiles in the region. Fast-developing countries, such as India, China, Japan, Indonesia, and Vietnam, play a vital role in the ceramic tiles market in the Asia-Pacific region.
Ceramic Tiles Industry Overview
The Ceramic Tiles Market report covers major international players operating in the market studied. In terms of market share, a few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. The key players in the market include Mohawk Industries Inc., Kajaria Ceramics, Grupo Fragnani, Ceramica Carmelo FIOR, and RAK Ceramics PJSC.
Ceramic Tiles Market Leaders
Mohawk Industries Inc.
Kajaria Ceramics
Grupo Fragnani
Ceramica Carmelo FIOR
RAK Ceramics PJSC
*Disclaimer: Major Players sorted in no particular order
Ceramic Tiles Market News
- July 2022: Kajaria Ceramics Limited approved the acquisition of 51% equity shares of South Asian Ceramic Tiles Private Limited, Hyderabad, Telangana (South Asia), for INR 28.50 crore (USD 3.46 million), and accordingly, South Asia is expected to become a subsidiary of the Company.
- June 2022: Mohawk Industries, Inc. announced that it agreed to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately USD 293 million in cash.
Ceramic Tiles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Expanding Construction and Real Estate Sector
4.2.2 Adoption of Ceramic tiles for Sustainable Development of Buildings
4.3 Market Restraints/Challenges
4.3.1 Volatile Raw Material Prices
4.3.2 Increasing Regulations and Tariffs
4.4 Market Opportunities
4.5 Suuply Chain / Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Current Trends and Innovations in the Market
4.8 Insights on Technological Innovations in the Market
4.9 Impact of COVID-19 in the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Glazed
5.1.2 Porcelain
5.1.3 Scratch-free
5.1.4 Other Products
5.2 By Application
5.2.1 Floor Tiles
5.2.2 Wall Tiles
5.2.3 Other Applications
5.3 By Construction
5.3.1 New Construction
5.3.2 Replacement and Renovation
5.4 By End-User
5.4.1 Residential
5.4.2 Commercial
5.5 By Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Mohawk Industries Inc.
6.2.2 Siam Cement Group
6.2.3 Grupo Lamosa
6.2.4 Grupo CEDASA
6.2.5 RAK Ceramics PJSC
6.2.6 Kajaria Ceramics
6.2.7 Ceramica Carmelo FIOR
6.2.8 PAMESA
6.2.9 Ceramiche Atlas Concorde SPA
6.2.10 Grupo Fragnani
6.2.11 MCS Portugal*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
Ceramic Tiles Industry Segmentation
Ceramic tiles are a mixture of clay and other natural materials, such as sand, quartz, and water. They are primarily used in houses, restaurants, offices, shops, and so on, as bathroom walls and kitchen floor surfaces. A complete background analysis of the Ceramic Tiles market, which includes an assessment of the emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview, is covered in the report. The Ceramics Tiles Market is segmented by Product (Glazed, Porcelain, Scratch-free, Other Products), Application (Floor Tiles, Wall Tiles, and Other Applications), Construction (New Construction, Replacement, and Renovation), End-User (Residential, Commercial), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The report offers market size and forecasts for the ceramic tiles market in value (USD billion) for all the above segments.
| By Product | |
| Glazed | |
| Porcelain | |
| Scratch-free | |
| Other Products |
| By Application | |
| Floor Tiles | |
| Wall Tiles | |
| Other Applications |
| By Construction | |
| New Construction | |
| Replacement and Renovation |
| By End-User | |
| Residential | |
| Commercial |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Ceramic Tiles Market Research FAQs
What is the study period of this market?
The Ceramic Tiles Market is studied from 2019 - 2028.
What is the growth rate of Ceramic Tiles Market?
The Ceramic Tiles Market is growing at a CAGR of 6.43% over the next 5 years.
Which region has highest growth rate in Ceramic Tiles Market?
Asia Pacific is growing at the highest CAGR over 2019 - 2028.
Which region has largest share in Ceramic Tiles Market?
Asia Pacific holds highest share in 2022.
Who are the key players in Ceramic Tiles Market?
Mohawk Industries Inc., Kajaria Ceramics, Grupo Fragnani, Ceramica Carmelo FIOR, RAK Ceramics PJSC are the major companies operating in Ceramic Tiles Market.
Ceramic Tiles Industry Report
Statistics for the 2023 Ceramic Tiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ceramic Tiles analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
