The new report by Expert Market Research titled, ‘Global Ceramic Tiles Market Size, Share, Price, Trends, Industry, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global ceramic tiles market, assessing the market based on its segments like types, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical CAGR (2015-2019): 7%
The demand for ceramic tiles is expected to increase in buildings like offices, shopping centres, lodging areas, and other utilities around the globe during the forecast period. Ceramic tiles are durable, rigid, and environmentally friendly materials that meet green design requirements and, thus, are tractable for flooring and wall applications. Such goods are available in the market in a variety of colours, sizes, and textures and are also attracting consumers looking for premium flooring options. These factors are expected to propel the growth of the market in the coming years, especially with the rising residential and commercial constructions, combined with a spike in renovation activities.
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Industry Definition and Major Segments
Ceramic tiles are among the most common tiles used throughout the world for building and design. They play an integral role in any space decoration within a building. Ceramic tiles are made of minerals and clays, including feldspar, zircon, bentonite, kaolin, and cement.
On the basis of type, the market can be divided into:
1. Floor Tiles
2. Wall Tiles
Based on end-use, the industry can be divided into:
1. Residential Replacements
2. Commercial Applications
3. New Residential Applications
4. Other Applications
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Regionally, the market can be segmented into:
1. North America
3. Latin America
4. Asia Pacific
5. Middle East and Africa
Due to the increased demand for houses for nuclear families, the demand for ceramic tiles is expected to accelerate over the projected period, especially in the United States. The United States Legislation Green Building Council’s mandate was to use environmentally sustainable construction materials, thereby affecting the development of the industry favourably. Increasing development of the digital inkjet printing technologies for decorative tile production is being witnessed in the ceramic tile industry, which also expected to influence the market positively.
Key Market Players
The major players in the market are Mohawk Industries, Siam Cement, RAK Ceramics, Lamosa, Incefra, Majopar, Rovese Group, Cecafi Ltda., Dynasty Ceramic Co. Ltd., and Saudi Ceramics Company. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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