CERAMIC TILES MARKET TO REACH USD118.8 BILLION BY 2024 | CAGR 6.8% – FORENCIS RESEARCH

Ceramic Tiles Market Size, Share, Trends, Growth, Analysis, Research

Global Ceramic Tiles Market: Key Highlights

  • According to the new market research report Ceramic Tiles Market by Type (Glazed, Porcelain), by Application (Floor, Wall), by Construction Type (New Construction, Renovation), by End-Use (Residential, Commercial), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2024)”, the global ceramic tiles market is estimated to reach USD 118.8 Billion by 2024 at a CAGR of around 6.8% during the review period.
  • Ceramic tiles are manufactured typically from white or red clay and are a very popular choice for countertops, floors, and walls across the construction industry.
  • Ceramic tiles are available in a wide range of colors, size, and textures, thus are gaining consumer attraction for high end flooring applications
  • In order to make ceramic tiles with wide range of design aesthetics, vendors are making use of the advanced digital printing technology
  • However, with the ongoing COVID-19 pandemic in 2020 the ceramic tiles market may affect owing to the shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand-supply gap

Ceramic Tiles Market

Global Ceramic Tiles Market: Key Market Dynamics

  • Rising disposable income and increase construction spending are expected to boost the demand for ceramic tiles during the forecasted period
  • Increased in urbanization with rapid industrialization has posed an opportunity for ceramic tiles market during forecasted period
  • Rising awareness about green building materials may hinder the growth of ceramic tiles market

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Global Ceramic Tiles Market: Regional Overview

  • North America

The ceramic tiles market in the North America region is projected to witness high demand due to rising construction demand from residential and non-residential buildings. Additionally, several Italian tiles manufacturer are expanding their production bases in the region owing to raw material availability and a high portion of the untapped market.

  • Asia-Pacific

Owing to the rapid industrialization and urbanization have surged construction activities. This has attributed demand for ceramic tiles market in the region. According to the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030 which is driven by the construction in countries such as India, and China.

Global Ceramic Tiles Market: Key Players Overview

  • Lamosa:

Lamosa was incorporated in 1890 is one of the leader in construction industry. The company operates through wall & roof tiles, and adhesive business segments. In 2019, the company generated revenue of USD 17.9 million. In Feb 2017, Lamosa adopts cutting-edge technology from SITI B&T Group with an aim to boost the ceramic tiles production capacity.

  • Mohawk Group

Mohawk Group is one of the largest floors covering manufacture and is commercial flooring division of Mohawk industries. The company operates through carpets, rugs, ceramic tiles, wood, laminate, stone, and resilient flooring business segments.

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Published : 2020-01-16