Jan 7, 2021   SOURCE: BusinessWire

Ceramic Tiles Market by Type, Application, End-use Sector and Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Global Ceramic Tiles Market by Type (Porcelain, Glazed, Unglazed), Application (Floor, Internal Wall, External Wall, Others), End-use Sector (Residential & Non-residential) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period.

The ceramic tiles market has been growing due to growth in population, rise in disposable income, growth in renovation & remodeling activities, and increase in investments in the residential and commercial sectors.

In terms of value & volume, porcelain tile is projected to lead the ceramic tiles market in 2019

The porcelain segment is projected to lead the ceramic tiles market, in terms of both value & volume, during the forecast period. Porcelain tiles are ceramic tiles having a water absorption rate of 0.5% or lower as defined by the American Society for Testing and Materials (ASTM) section C373. Porcelain tile is generally made by the dust pressed method from porcelain clays, which result in a tile that is dense, impervious, fine-grained and smooth, with a sharply formed face.

The floor segment is projected to hold the largest market share during the forecast period

The floor segment accounted for the largest share in the ceramic tiles market, in terms of value, in 2019, and will continue to hold its market position throughout the forecast period. Ceramic tiles are an ideal and enduring option as a flooring material because of their strength, water-resistance, low maintenance, reliability, and high durability. They find application in healthcare centers, government offices, and sports institutes, where the expected footfall is high, as well as in residential buildings. Being water-resistant and easy to clean, they are the best solution for the kitchen and bathroom floors.

The residential segment is projected to be the fastest-growing end-use sector in the ceramic tiles market from 2020 to 2025

Based on end-use sector, the residential segment is projected to be the fastest-growing end-use sector throughout the forecast period. Ceramic tiles are widely used in the residential segment for their durability and easy maintenance. The best option for flooring in areas, such as kitchens, bathrooms, living rooms, dining spaces, and bedrooms, is ceramic tiles. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the next few years, owing to the increasing disposable income of people. These factors are expected to fuel the demand for ceramic tiles in the residential sector.

In terms of both value and volume, the Asia-Pacific ceramic tiles market is projected to grow at the highest CAGR during the forecast period

In terms of value and volume, the Asia-Pacific region is projected to grow at the highest CAGR from 2020 to 2025. The increasing number of new housing units and huge investments in the infrastructural sector are fueling the demand for ceramic tile materials in this region. The growth of the ceramic tiles market in the APAC region is also driven by increasing demand for ceramic tiles in countries, such as China, India, Thailand, Indonesia, and Vietnam, due to the significant growth in the construction opportunities in these countries.

According to the World Bank, the APAC is the fastest-growing region, in terms of both population and economic growth. The region has witnessed significant growth in the last decade, and accounted for approximately 34% of the global GDP in 2019. According to the Population Reference Bureau, China, India, and other emerging APAC countries had a combined population exceeding 4 billion in 2019, which is projected to become an increasingly important driver of global consumption over the next two decades.

Market Dynamics

Drivers

  • Increasing Population & Urbanization
  • Growing Investments in Construction Industry
  • Rise in the Number of Renovation & Remodeling Activities
  • Increase in Industrialization

Restraints

  • Volatile Raw Material Prices
  • Increasing Regulations, Requirements, and Tariffs

Opportunities

  • Growth of the Organized Retail Sector
  • Rising Demand from Emerging Economies

Companies Mentioned

  • Ceramic Industries
  • Ceramica Carmelo Fior
  • Ceramica Elizabeth Sul Ltda
  • Cersanit SA
  • Dynasty Ceramic Public Co. Ltd.
  • Grupo Cedasa
  • Grupo Fragnani
  • Grupo Lamosa
  • H&R Johnson
  • Kajaria Ceramics
  • Lasselsberger Group
  • Mohawk Industries
  • Pamesa Ceramica
  • PT Arwana Citramulia Tbk
  • RAK Ceramics
  • Siam Cement Group
  • Somany Ceramics Ltd
  • STN Ceramica
  • Vitromex SA De C.V.
  • White Horse Ceramic Industries

For more information about this report visit https://www.researchandmarkets.com/r/qnegd3