Ceramic Tiles Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ceramic Tiles Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest


Global Ceramic Tiles Market: Snapshot

Manufactured primarily from clay, water, and key mineral additives, ceramic tiles are a highly demanded commodity for flooring and walling indoor areas. They can also be used on roofs and ceilings to add to the aesthetic appeal of a place while also helping to keep the indoors cooler. The installation of ceramic tiles may not need a lot of additional materials or processes, making it not only a beneficial flooring material for new projects, but also for restoration of renovation of older buildings. Residential projects take up the bulk of the demand in the global ceramic tiles market, due to the better use of ceramic tiles in the residential sector. Ceramic tiles can provide positive aesthetic appeal to homes while providing a solid protective layer to the internal structure and floors, making it a highly preferred tile type in homes.

A massive volume of the demand in the global ceramic tiles market comes from emerging economies, especially ones in tropical regions. The unfeasible nature of wooden flooring in humid climate coupled with the costlier nature of several other flooring types allows ceramic tiles to take the lead in terms of demand volumes. This is likely to remain the case as ceramic tiles can offer a high level of protective qualities and aesthetic appeal at a much lower price than competitive types.

Global Ceramic Tiles Market: Overview

Ceramic tiles are tiles made majorly from clay and water, with other minerals and additives added for imparting specific physical properties. Used primarily in the building and construction industry, ceramic tiles are commonly used across building floors, roofs, walls, and ceilings. The key application areas of ceramic tiles include new projects, replacement and renovation, commercial, and residential projects. Of these, the residential segment is the leading consumer of ceramic tiles and is expected to offer lucrative growth opportunities for the ceramic tiles market in the near future as well, with rapid urbanization and the need for new residential complexes across developing economies being the key driving force.

Global Ceramic Tiles Market: Key Trends

The thriving construction industry, especially across emerging economies in regions such as Asia Pacific, Latin America, and Middle East and Africa is the foremost factor driving the steady demand for ceramic tiles in the global market. Robust economic development of developing economies, rising disposable incomes, and the increased power of spending that comes with it are also driving the increased uptake of ceramic tiles as renovation projects take an upswing. Rising consciousness regarding the aesthetic appeal of residential as well as commercial buildings is driving the demand for ceramic tiles for beautification purposes as well.

Global Ceramic Tiles Market: Market Potential

The large amount of energy required to produce ceramic materials via the conventional kiln firing method has for a long time stirred research activities focused at the development of an effective way to produce ceramic materials under low energy conditions. Recently, a new room-temperature method has been introduced, which has demonstrated much more energy efficiency as compared to the kiln firing method. The method, which is being called cold sintering, can also enable the production of composite materials.

The carbonate nanoparticles used to run the procedure can be captured from waste gases from the industrial sector or from the atmosphere. In this method, the captured CO2 reacts with a suitable raw material to produce carbonate, which could be used to produce ceramics at room temperature. Through this method, the environment-damaging CO2 gas would get stored in ceramic products for a long time. This potential CO2 sink is expected to help end-use applications such as across thermal power stations to work on a carbon-neutral basis.

Global Ceramic Tiles Market: Regional Analysis

Of the key regional markets for ceramic tiles, the market in Asia Pacific takes the top spot in terms of consumption and contribution of revenue to the global market. High pace of urbanization and the consequent rise in new construction projects, especially across emerging economies in the region, is the key factor leading to the massive demand for ceramic tiles in the past few years in the region. The construction industry in the region continues to embark upon a steady growth path and is expected to continue to lead to the excellent demand for ceramic tiles in the next few years as well.

Global Ceramic Tiles Market: Competitive Overview

The global market for ceramic tiles features an extremely fragmented and competitive vendor landscape, with no vendor accounting for a significant majority share. Rising volatility of raw material costs is also contributing in intensifying the competition in the market and trends are expected to remain strong over the next few years owing to several restrictions on mining practices. Nevertheless, with innovative and economical products in their arsenal and the help of proper supply networks could help companies tap lucrative growth opportunities in the market.

Some of the leading companies operating in the global ceramic tiles market are Grupo Lamosa SAB de CV, Ras Al Khaimah Ceramics, Siam Cement Group, Kajaria Ceramics, Mohawk Industries Inc., China Ceramics Co., Ltd., and Ceramiche Atlas Concorde S.P.A, Crossville Inc., Florida Tile Inc., Porcelanosa Grupo, Saloni Ceramica, and Gruppo Ceramiche Ricchetti S.p.A.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.