Ceramic Tiles are quite popular across the world. Theses ceramic products are many manufactured the mixture of inorganic non-metallic ingredients and clays. The tiles are widely used in building construction, interior design, architecture, and more. Silica, zircon, alumina, feldspar, and kaolin are sued to manufacture such tiles. As the demand for such tile is increasing rapidly in commercial and residential construction, the demand for this ceramic product will increase in the coming years. This will significantly trigger the growth of global market.
In these tiles, natural minerals, such as feldspar is utilized to reduce the firing temperature during the manufacturing process. In the end, the final product comes out that has thermal protection, wear resistance, and corrosion resistance like other useful properties. People use this for roofing walls, bathrooms, tabletops, floors, roofs, etc. Massive availability of raw material is anticipated to propel the market growth in future. Experts have suggested that development of substitute products can impact the overall growth of the Ceramic Tiles market.
Well, that will not severely affect the market. In the year 2018, the global market value was USD 56.21 billion. Looking at the increasing demand for tiles among different end-users, it is expected that the value will reach around 85 to 90 billion by the end of 2024. The compound annual growth rate between 2019 to 2025 will be 7.7 percent. Growing construction activities will remain an essential contributor to the market growth. On the other side, increasing rate of urbanization and rise in income level will also be some critical factors.
Key Players:
Mohawk Industries
Iris Ceramica
Crossville Inc
Florida Tile
Interceramic
Florim
EMIL AMERICA
Shaw Industries Group
Del Conca
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Global Market Segmentation of the Product
The World Ceramic Tiles market is segmented base on some crucial factors. These are product type, end-users and applications, and regions. On the basis of product type, the tiles are segmented into glazed tiles, porcelain tiles, unglazed tile, and others. This market report suggests that glaze tiles segment is anticipated to enjoy 8.3 % of CAGR in terms of revenue. Improve in stand of living is driving the market growth. Talking about end-users or application, it is split into commercial usage, household usage, and others. The residential or household usage segment will witness maximum market share during the forecast period owing to cheaper procurement and installation cost.
Geographical Segmentation
Geographically, the entire Ceramic Tiles market is segmented into North America, South America, Asia Pacific, Middle East & Africa, and Europe. The North America region witnessed around 5 percent of global market share and is expected to expand at an impressive CAGR in the coming years. The demand in this region is fuelled by growing awareness about the importance of green buildings. Besides, it is anticipated that during the forecast period, Asia Pacific will create a lot of opportunities for growth. Low-budget housing projects have increased the demand for such construction material in different Asian Countries. Better pricing of ceramic products has led to higher usage.
Latest Industry News
Iris Ceramica, a leading ceramic products manufacturing company, has developed anti-skid tiles which are designed to lower the slippage hazards. These tiles are perfect to use as floor tiles for ramps, kitchens, balconies, showers, whamming pool. Made from 100 percent natural material, the tiles are quite durable and don’t have any hazardous effects.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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