Ceramic Tiles Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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