The rise in construction industry to augment the Ceramics Tiles Market Growth

 

Ceramic Tiles Market
Ceramic Tiles Market

Ceramics Tiles Market by Product (Glazed, Porcelain, Scratch-free, and Other Products), Application (Floor Tiles, Wall Tiles, and Other Applications), Construction (New Construction and Replacement and Renovation), End User (Residential and Commercial), and By Region (Asia Pacific, North America, Europe, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The global Ceramics Tiles Market is estimated to be valued at US$ 376.9 billion in 2022 and is expected to exhibit a CAGR of 7.1 % over the forecast period as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Ceramic tiles are mixture of clays and other organic substances, such as quartz, sand, and water. They are mainly utilized in shops, houses, restaurants, work place, and others such as walls of restrooms and flooring kitchen surfaces. They are comfortable to fit, easy to wash and clean, comfortable to regulate and are accessible at good prices. In 2020 total ceramic tile sales in the United States was around 263.6 million sq.m. Ceramic tiles show better strength and can resist high temperatures and acidic substances, however are breakable, and weak in rigidity and shearing.

Competitive Landscape:

Key players involved in the growth of global Ceramic Tiles Market are Grupo Fragnani, Mohawk Industries Inc., RAK Ceramics PJSC, Ceramica Carmelo FIOR and Kajaria Ceramics.

Market Key Drivers:

The rise in construction is expected to boost the growth of the global Ceramics Tiles Market. For instance, as per some facts and figures the growth of construction industry is expected to be valued at US$ 4.2 trillion in the upcoming future.

Strict rules and regulations by the regulatory is projected to propel the growth of global Ceramics Tiles Market. For instance, rules by the U.S. Green Building Council have directed the usage of eco-friendly construction substances or elements.

Covid-19 Impact Analysis:

The Covid-19 impact has adversely affected the growth of the global Ceramics Tiles Market due to the rise in pandemic. The increasing cases have disrupted the supply chain, the closure of production and manufacturing units, the delay in supply of raw materials, lack of laborers and halt in construction and industrial purposes has impeded the market growth.

Key Takeaways:

The global Ceramics Tiles Market is expected to exhibit a CAGR of 7.1 % during the forecast period owing to rising demand of glazed ceramic tiles. For instance, the ceramic tile market is projected to be valued at US$ 97.48 Billion in 2021.

Among regions, North America, Europe, Asia Pacific is anticipated to witness robust growth in the global Ceramics Tiles Market due to rise in construction industry, increasing approvals and product launches, rising mergers and acquisitions. For instance, In April 2021, M S International Inc in North America, declared the development of the already widespread and ever-growing assortment of around 100 Q Premium Natural Quartz products.

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