Feb 10, 2022   SOURCE: BusinessWire

Worldwide Ceramic Tiles Industry to 2030 - Featuring Crossville, Kajaria Ceramics and Lamsoa Among Others - ResearchAndMarkets.com

The "Ceramic Tiles Market by Type, Application, Construction Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global ceramic tiles market was valued at $343.9 million in 2020, and is projected to reach $633.5 million by 2030, registering a CAGR of 6.3% from 2021 to 2030.

Ceramic tile is manufactured from natural clay, sand and water. These materials are mixed and molded into square or rectangular tiles and baked to eliminate the majority of the moisture. Ceramic tiles are available in many varieties and are used in a variety of locations across the structure and homes. These tiles are ideal for use on walls, floors, counter-tops, and other surfaces because of their greater absorption rate. Ceramic tile is coated with a unique finish that seals and protects it while also increasing its longevity. Ceramic tiles come in a wide range of colors, patterns, styles, and sizes.

The market is primarily driven by an increase in demand for residential and commercial infrastructure improvements. Furthermore, government measures to assist the tile sector continue to fuel the expansion of the ceramic tile industry. Similarly, increased demand for residential construction propels the industry forward. Low replacement rate of tiles, on the other hand, has a direct impact on the market growth. Furthermore, the expansion of the market is projected to be aided by increased innovation in tile production and printing machinery.

Various key players are strengthening their market position and improving their product portfolio with latest design of ceramic tile. For instance, in July 2020, Crossville, Inc. has launched new Swatches ceramic wall tile series. This unique product is attractive for its extensive options for creating custom wall designs. The colors can be mixed and matched to create attractive and exciting patterns or placed monochromatically for better looks. Hence, this strategic move in business is projected to increase the demand for ceramic tiles and hence offer lucrative growth opportunities during the forecast period.

The ceramic tiles market is segmented on the basis of type, application, construction type, end user, and region. By type, it is divided into glazed tiles and unglazed tiles. By application, it is bifurcated into floor tiles and wall tiles. By construction type, it is categorized into new construction and renovation & replacement. By end user, it is classified into residential and non-residential. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Thailand, Vietnam, Indonesia, Philippines, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Benefits

  • The report provides an extensive analysis of the current and emerging ceramic tiles market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
  • Extensive analysis of the ceramic tiles market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
  • The global ceramic tiles market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within ceramic tiles market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the ceramic tiles industry.

Market Dynamics

Drivers

  • Rise in urbanization & industrialization in developing countries
  • Increase in spending on home remodeling
  • Recovery in the construction sector

Restraint

  • Volatile raw material prices
  • Popularity of natural stones for flooring

Opportunities

  • Implementation of advanced digital printing

Key Players

  • Ceramica Saloni
  • China Ceramics
  • Crossville Inc.
  • Kajaria Ceramics
  • Lamsoa Group
  • Mohawk Industries
  • R.A.K. Ceramics
  • Siam Cement Group
  • Ceramica Carmelo Fior
  • STN Ceramica

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