Ceramic Tiles Market (By Product: Glazed, Porcelain tiles, Scratch free ceramic tiles, Others; By Application: Wall tiles, Floor tiles, Others; By End Use: Residential, Non-residential) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global ceramic tiles market is anticipated to grow at a CAGR of around 6.8% during the forecast period 2020 to 2027 and to reach around US$ 583.4 Bn by 2027.

Market Dynamics

Rapid industrialization in developed and developing countries, flourishing construction industry, coupled with rising demand for residential sector for glazed and porcelain tiles are major factors expected to drive the growth of global market.

Major players approach towards business development in order to increase the business presence and enhance the profit ratio this is another factor expected to further support the growth of target market.

• In 2019, Mohawk Industries, Inc. introduced thick porcelain tiles for outdoor applications also it is focused on expanding the distribution of porcelain roofing system in the US. This is expected to help the company to expand the customer base and enhance the profit ratio.
• In 2019, Crossville, Inc. launched cursive porcelain wall tile collection this is expected to help the company to expand the customer base and increase the product portfolio.
• In 2019, Crossville, Inc. introduced crossville porcelain countertops for kitchen and bath industry professionals. This is expected to help the company to enhance the product portfolio.
• In 2018, Mohawk Industries Inc. acquired Eliane, a Brazilian groups in ceramic tile sector with a production capacity of around 36 million sq.m/year and six factories located in the states of Santa Catarina and Bahia. This is expected to help the company to enhance the business presence and increase the profit ratio.
• In 2019, Victoria PLC an international flooring designers, manufacturers and distributors acquired Iberoalcorense, S.L. ceramic flooring manufacturer in Spain. This acquisition is expected to help the company to enhance the customer base.

However, factors such as high volatility in raw material prices and regulation on mining activities in some countries are expected to hamper the growth of global ceramic tiles market. In addition, rising environment concern is another factor expected to challenge the growth of target market.

Increasing demand from developing countries along with players focus on development of distribution channel are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements would further revenue support the growth of target market.

Ceramic Tiles Market Segment Analysis, 2019

The global ceramic tiles market is segmented into product, application and end use. The product segment is further bifurcated in to glazed, porcelain tiles, scratch free ceramic tiles, and others. Among end use the residential sector is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to rising residential construction activities. In addition, presence of large number of players operating in the country, along with business development activities in order to increase customer base and increase the profit share are among other factors expected to impact the growth of target market in this region.

Asia Pacific is expected to witness faster growth in the near future owing to rapid industrialization in developing countries, along with increasing industrial construction activities. In addition, abundance availability of raw material and low cost labor, along with favorable business policies is resulting in emergence of small & mid-size enterprises with innovative product offerings are among other factors expected to further support the growth of target market in this region.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Ceramic Tiles Market (Product: Glazed, Porcelain tiles, Scratch free ceramic tiles, and Others; Application: Wall tiles, Floor tiles, and Others; End Use: Residential and Non-residential) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global ceramic tiles market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global ceramic tiles market segment by product, application, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global ceramic tiles market size and segment markets by product, application, end use and geography along with the information on companies operating in the market. The ceramic tiles market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Gruppo Ceramiche Ricchetti S.p.A., Kajaria Ceramics Limited, Mohawk Industries, Inc., Porcelanosa Grupo, Saloni Ceramics, Ceramiche Atlas Concorde S.p.A., Crossville, Inc., China Ceramics Co. Ltd., Florida Tile, Inc., Siam Cement Group.

Market Segmentation

Market By Product

• Glazed
• Porcelain tiles
• Scratch free ceramic tiles
• Others

Market By Application

• Wall tiles
• Floor tiles
• Others

Market By End Use

• Residential
• Non-residential

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa