Ceramic Tile Market: Global Industry Overview and Forecast (2024-2030) Trends, Dynamics, Segmentation by Type, Application and Region

Ceramic Tile Market Overview:

Ceramic tiles are strong, durable, and made up of environmentally friendly materials that adhere to green building standards, and thus gain strength in floor and wall installations. These products are commercially available in a variety of colors, sizes, and textures, thus attracting consumers with high quality applications.

 

The ceramic tile market sees a growing trend in digital inkjet printing technology for decorating tiles. In addition, significant improvements in printing head printing and ink design are expected to improve the entry of the above-mentioned technologies into the market during forecasting.

 

Ceramic Tile Market report examines the market's growth drivers and segments (Conductive Material, Application, End-User, and Region). Data has been provided by market participants and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements occurring across all industry sectors. To provide key data analysis for the historical period (2018-2022), statistics, infographics, and presentations are used. The report examines the Ceramic Tile markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes Ceramic Tile investor recommendations based on a detailed analysis of the current competitive landscape of the Ceramic Tile market.

 

 

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COVID-19 Impact on the Ceramic Tile Market:

COVID-19 has had a negative impact on the GDP of all countries. The globalization and closure of non-essential industries has led to the global economic downturn. The decline in demand from global customers has led to the global economic downturn and is not expected to fully recover in the near future. Many construction projects and projects, including state-of-the-art infrastructure projects, have come to a halt due to the closure of closed areas. The construction industry, like many others, needs more workers. Unemployment in the construction industry has led to widespread panic, which has led workers to return to their home countries to end the epidemic. Even after the reduction of land closure restrictions in several countries, construction companies are expected to work with reduced costs, labor, and working hours, which is expected to delay the delivery of the project. It is estimated that initially, government projects are predicted to resume operations; however, due to the planned revenue crisis, it is expected to be difficult for the government to fund major projects throughout the year. The impact of the slowdown in the construction industry is also felt in the ceramic tile industry. Despite the closure of production facilities, the cancellation of several projects in the commercial and industrial sector is expected lead to a reduction in demand for ceramic tile market by 2020.

 

Ceramic Tile Market Dynamics:

Driver: Increasing population and urbanization

Population growth is one of the key factors in increasing the ceramic tile market demand. In addition, the shift in population from rural to urban areas around the world has increased the rate of growth even further. The total population of the world is expected to reach 9.5 billion by 2050, when the urban population is expected to reach at least 66.4% of the total population, according to the United Nations ’Population Division. A positive change in living standards is expected to be required to improve hygiene and sanitation. In recent years, APAC has made significant strides in the ceramic tile market, which mainly includes emerging markets, such as India and China. Asian cities are expected to respond to 52.3% of the world's urban population, making it the largest number of workers ever to work, by 2050.

 

In the APAC region, the migration of people from rural areas to cities has further boosted urban growth. According to the United Nations Population Division, the population at APAC is expected to reach 5.1 billion by 2050, when the urban population is expected to be at least 68% of the population of APAC. APAC's urban population, combined with global population growth, could add another 2.5 billion people to urban areas by 2050, about 90% of the expected increase in Asia and Africa. This change is expected to create the need for housing and other commercial infrastructure in cities to meet the growing population.

 

Restraint: Fluctuating raw material prices

Tile production is an extremely demanding production process; energy, gas, and travel costs are important factors that affect ceramic tile making costs. The uniformity of energy and the availability of fuel at reasonable prices are important for the growth of the ceramic tile market. Flexible and volatile markets have serious consequences, facing productive organizations. In addition, there is considerable instability in the prices of raw materials used in the production of ceramic tiles. There is volatility in materials, such as silica sand, kaolin, feldspar, and bentonite. Material prices increase the amount of money involved in the entire production process of ceramic tiles. Rising costs and unexpected deviations in the price of immature material undermine supply chains and make it difficult for manufacturers to keep up with the competitive market for ceramic tiles.

 

Opportunity: Growth of a planned sales sector

The increasing number of formal retailers increases the availability of different types of ceramic tiles, which in turn drives the growth potential of ceramic tile market. The fast-growing retail industry worldwide is seeing an influx of stores, including hypermarkets, supermarkets, and specialty stores. Due to the busy lifestyle and work schedules, comfort and convenience are becoming increasingly important to customers; therefore, large formal stores focus on placing many types and types of ceramic tiles under one roof to offer multiple options to consumers. Dedicated stores for interior decor products also make ceramic tiles available to customers. With the growth of product knowledge among consumers, the importance of organized retailers supplying pottery products and other home furniture products has also increased. Scheduled sales allow customers to gather information about a variety of products and compare prices, quality, and design of a few products, and then make a purchase decision. Therefore, the growth of the planned sales sector is expected to have a positive impact on the ceramic tile market in the next few years.

 

Ceramic Tile Market Segment Analysis:

By Product, Porcelain tiles led the market and accounted for about 54% of revenue by 2023. These tiles are made of solid, dense clay, and are heated to extremely high temperatures, thus providing a high degree of durability. In addition, porcelain tiles can be waterproof and provide resistance to bacteria thus increasing their long-lasting value on the floor covering. In addition, the chemical resistance and stains provided by the product are expected to increase the demand for the porcelain tiles due to increased use in supermarkets, hotels, facility buildings, and more.

 

Glossed ceramic tiles are one of the most well-known categories to record a demand of USD 97.48 billion by 2021 and are likely to grow in the CAGR of 5.8% from 2024 to 2030. The protective layer of glazed ceramic tiles also makes them water resistant, thus increasing their use in humid conditions. Therefore, these tiles are widely used in wet areas such as bathrooms, kitchens, and laundry rooms, which are expected to boost ceramic tile market growth during forecasting.

 

By Application, Ceramic floor tiles led the market and accounted for about 54% of revenue by 2023. The increase in demand from commercial construction including hotels and shopping malls is expected to further boost the demand for the product as these tiles offer cost effective performance and high quality.

 

The growing impact of designers and architects on the use of porcelain tiles and the placement of commercial applications is expected to increase the demand for the product. The easy cleaning, stylish designs, and resistance to stains & water provided by these products may further its need for commercialization in a timely manner.

 

Porcelain wall tiles are increasingly used in commercial settings such as corporate offices, hotel resorts, and museums as they appear to be a less expensive alternative to conventional stone furniture. In addition, advances in manufacturing technology have made it possible to produce tiles of larger sizes, thus having a positive impact on the overall market growth of ceramic tiles.

 

 

Ceramic Tile Market, by End User

Commercial end-user segment captured a large portion of the market and accounted for about 54% of revenue by 2023. The growing demand for durable and inexpensive ceramic flooring for use in commercial and industrial sectors is expected to boost ceramic tile market growth during forecasting.

 

The development of new products and seamless installation techniques has further enhanced the ceramic tile market growth of the commercial world. Ceramic flooring emerges as an inexpensive and environmentally friendly solution used in a variety of fields including health care, and facility facilities, due to anti-bacterial, anti-slip, and water-resistant properties provided by the product.

 

The residential sector has registered a demand for USD 163.31 billion by 2021 and is likely to see a 7.5% CAGR from 2024 to 2030. A growing housing sector in an emerging economy like India is expected to meet the demand for production due to the smoothness and resistance of the scratch provided by the product.

 

Ceramic Tile Market Regional Insights:

Asia Pacific dominated the market in 2023 and had about 46% of its budget by 2023. The high demand for goods from residential and non-residential areas in the emerging Asia Pacific economy including China and India is expected to provide ceramic tile market growth opportunities.

 

The construction industry in Asia Pacific is expected to grow due to rising per capita income, rapid urban development and population growth. The expansion of the residential, commercial and industrial sectors due to sustainable economic growth in the region is expected to boost construction activities, thus, furthering productivity demand during the forecast period.

 

The North American ceramic tile market is expected to witness a significant CAGR of 5.6% during the forecast period due to the growth of residential and commercial buildings in the region. In addition, a few Italian tile manufacturers are expanding their production bases in the region due to the availability of immature materials and a high segment of the unused market.

 

The need to upgrade existing infrastructure is expected to stimulate product demand in residential and commercial areas instead of applications in North America. The commercial construction sector, which includes offices, hotels, and residences, has shown continued growth by 2020, which is expected to boost the region's product demand in the future.        

 

The objective of this report is to present an in-depth analysis of the Ceramic Tile Market to industry stakeholders. The report provides the recent trends in the Ceramic Tile Market and how these factors will impact on new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the Ceramic Tile Market and the competitive structure of the market by analyzing market leaders, market fans, and regional players.

 

The quality and quantity data provided in the Ceramic Tile Market report assist the readers to understand which market Conductive Materials, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth with respect to time. The report includes the competitive status of key competitors in the industry and their recent developments in the Ceramic Tile Market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the Ceramic Tile Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Ceramic Tile Market is easy for a new player to gain an edge in the market, do they come and go in the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political factors that help in analyzing how much a government can impact the Market. Economic variables assist in the calculating economic performance drivers that can affect the Market. Analyzing the impact of the overall environment and the impact of environmental concerns on the Ceramic Tile Market is aided by legal factors.

 

Ceramic Tile Market Scope:

 

Ceramic Tile Market
Market Size in 2023	USD 436.48 Bn.
Market Size in 2030	USD 705.49 Bn.
CAGR (2024-2030)	7.1%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by End User Commercial Residential
	by Type Glazed Unglazed Porcelain
	by Application Floor Tiles Wall Tiles Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Ceramic Tile Market Key Players

• ATLAS CONCORDE S.P.A. (Italy)
• Kajaria Ceramics Limited (India)
• Mohawk Industries, Inc. (US)
• Crossville Inc. (US)
• Cera Ceramic Tiles Ltd. (India)
• RAK Ceramics (UAE)
• Cerámica Saloni, Florida Tile, Inc. (Spain)
• Porcelanosa Group (Spain)
• Ricchetti Group (Italy)
• China Ceramics Co., Ltd. (China)
• HSIL Ltd. (India)
• Guangdong Monalisa Industry Co., Ltd. (China)
• Guangdong Newpearl Ceramics Group Co., Ltd. (China)
• Florim Ceramiche S.p.A (Italy)
• Somany Ceramics Ltd (India)