According to the latest research report, the global ceramic tiles market is anticipated to reach a value of US$ 107.2 Billion by 2024, projecting a CAGR of 7.2% during 2019-2024.
Global Ceramic Tiles Market Trends:
Ceramic tiles offer different style and glaze options in both wall and floor tiles, ranging from traditional to western. With inflating income levels, consumers now look for stylish and modern flooring options which is greatly influencing the market growth. Moreover, growing construction activities and rapid industrialization, especially in India, China, Brazil and various GCC countries, have carved a huge demand for ceramic tiles for flooring and other requirements.
Market Summary:
Market Breakup by Type
1. Floor Tiles
2. Wall Tiles
3. Others
There are two broad segments of ceramic tiles – floor tiles and wall tiles. Among these, ceramic floor tiles represent the most popular type, accounting for the majority of the total market share. These tiles are used in the construction industry due to their low cost, availability in varied shapes and sizes, durability, and resistance towards stains, corrosion and weather.
Market Breakup by Application
1. Residential Applications
2. Commercial Applications
3. Replacement Applications
Ceramic tiles are widely used for residential, commercial and replacement applications. Out of these, they majorly find applications in the residential sector mainly due to their aesthetic appearance.
Performance of Key Regions
1. China
2. Brazil
3. India
4. Vietnam
5. Indonesia
6. Others
Region-wise, the market has been categorized into Brazil, China, Vietnam, India, Indonesia and Others. Currently, China is the biggest consumer, producer and exporter of ceramic tiles due to low labor costs and wide availability of raw materials in the region.
Competitive Landscape
The competitive landscape of the industry has been analyzed with the major players being Lamosa, RAK Ceramics, Ceramica Carmelo For, Mohawk Industries Inc. and Siam Cement.
