Ceramic Tiles Market to 2025 - Global Analysis and Forecasts by Type (Floor Tiles and Wall Tiles); Application (Commercial and Residential)
Publication Month: Nov 2018 | Report Code: TIPTE100001091 | No. of Pages: 133 | Category: Manufacturing and Construction | Status: Published
The global ceramic tiles market accounted to US$81.01 Bn in 2017 and is expected to grow at a CAGR of 5.5% during the forecast period 2018 - 2025, to account to US$122.59 Bn by 2025.
Growth in the recent five years is primarily driven by two major factors, i.e. increase number of commercial and residential constructions, and performance & economic benefits.As a product the ceramic tiles have grown to a considerable chunk and the market for the same is observing a rapid growth with regards to the product innovations being carried out by the ceramic tiles market players. Another factor catalyzing the ceramic tiles market growth in the current scenario is the initiatives undertaken to enhance the infrastructure construction industry by various governments of developed countries as well as developing economies. The ceramic tiles market consists of large and well-established players as well as tier-2 and tier-3 companies across the globe, which invests huge amounts in order to deliver the most enhanced materialized tiles to their customers. In addition, the infrastructure / construction industry across the globe is experiencing significant growth rate attributing to the demand from the mass. Parallel to this, the global infrastructure industry is also experiencing a decent demand for lightweight, durable and anti-stain materials for their buildings. Owing to this factors, the players operating in the ceramic tiles industry are procuring increased amount of ceramic tiles, which in turn is increasing the production line of ceramic tiles in the current scenario.
Lucrative Regional Markets
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Ceramic Tiles Market Insights
Rising Commercial and Residential Construction
The construction industry is expanding at a steady growth rate in the developed regions across the globe. While on the other hand, in the developing regions, the industry is experiencing a substantial growth rate. Investments in infrastructure construction industry is continuously growing across the globe. The major focus of investments is on the residential sectors as the global population is constantly increasing at an exponential rate, which is demanding more residential spaces. The number of new residential buildings or individual houses rose rapidly over the years in the developed as well as developing nations worldwide. The US infrastructure industry is set to continue relatively fair growth rate during the forecast period which is heavily supported by residential constructions. Similarly, Canada's New Canada Building Plan is supporting the construction industry in the country and the same is expected to drive the industry in the coming years. The growing investments and initiatives in the residential and commercial construction in North American countries is influencing the ceramic tiles manufacturers to increase their production. This factor is boasting the ceramic tiles market in the North America region. Construction in European countries is also increasing slowly, demanding improved building materials such as ceramic tiles. European countries namely; Spain, Italy, and Turkey are experiencing demand for increased number of residential sectors as well as commercial spaces, thereby, catalyzing the demand for ceramic tiles. The increased demand from the builders in the countries is propelling the production lines of ceramic tiles year on year in these countries, thereby, substantially driving the ceramic tiles market in the European region.
Ceramic tiles Market by Region
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Performance and Economic Parameters are accentuating the Demand
The global infrastructure construction industry is witnessing significant transformation in terms of investments, building materials and innovation of advanced materialized products among others. The developing countries are investing substantially in order to enhance their residential and commercial infrastructures. Parallel to this factor, the builders and constructors are also opting for improved performance, low cost and durable products for the newer constructions and also for renovation works. Various types of building materials available in the current construction industry includes; marble, granite, ceramic tiles, vitrified tiles and others. The ceramic tiles have gained popularity among a larger section of builders and constructors across the globe, owing to various improved performance parameters.
Strategic Insights
Few of the recent strategies by some of the players in ceramic tiles market landscape are listed below-
2018: Kajaria Ceramics Ltd. expanded its capacity with prudent capital allocation. The capacity has increased from 36.0 MSM in financial year 2012 to 68.4 MSM in 2018 (CAGR of 11.3 percent).
2018: The PORCELANOSA Grupo opened a new showroom in Reading in the UK. A benchmark positioned at the forefront of wall tiles and floor tiles.
2018: PT. Muliakeramik Indahraya won TOP Brand Award. This award is given to the brands that won the TOP title. Mulia Ceramics managed to get outstanding achievements in building brands in the category: Ceramic Tiles.
The report segments the global ceramic tiles market as follows:
Global Ceramic Tiles Market - By Type
- Floor Tiles
- Wall Tiles
Global Ceramic Tiles Market - By Application
- Residential
- Commercial
Global Ceramic Tiles Market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Turkey
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Indonesia
- Vietnam
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- Africa
- Iran
- Rest of Middle East and Africa
- South America (SAM)
- Brazil
- Rest of South America
Global Ceramic Tiles Market - Company Profiles
- China Ceramics Co. Ltd.
- Florida Tile Inc.
- Gruppo Ceramiche Ricchetti S.P.A.
- Grupo Lamosa, S.A.B. DE C.V.
- Kajaria Ceramics Ltd.
- Mohawk Industries
- Porcelanosa Grupo A.I.E.
- PT. Muliakeramik Indahraya
- RAK Ceramics
- The Siam Cement Public Co. Ltd.
The List of Companies
1. Mohawk Industries, Inc.
2. China Ceramics Co., Ltd.
3. Florida Tile, Inc.
4. GRUPO LAMOSA, S.A.B. DE C.V.
5. Kajaria Ceramics Limited
6. Porcelanosa Grupo AIE
7. PT. Muliakeramik Indahraya
8. RAK Ceramics
9. The Siam Cement Public Co. Ltd.
10. Gruppo Ceramiche Ricchetti SPA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ceramic tiles market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global ceramic tiles market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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