Rise in urbanization & industrialization in developing nations, surge in spending on home remodeling, and recovery in the construction sector drive the growth of the global ceramic tiles market.
PORTLAND, Ore., Oct. 13, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Ceramic Tiles Market by Type (Glazed Tiles, and Unglazed Tiles), Application (Floor Tiles, and Wall Tiles), Construction Type (New Construction, and Renovation & Replacement), and End User (Residential, and Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global ceramic tiles industry generated $343.9 billion in 2020, and is expected to reach $633.5 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.
Prime determinants of growth
Rise in urbanization & industrialization in developing nations, surge in spending on home remodeling, and recovery in the construction sector drive the growth of the global ceramic tiles market. However, variations in raw material prices and prominence of natural stones for flooring hinder the market growth. On the other hand, implementation of advanced digital printing presents new opportunities in the coming years.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/1989
Covid-19 Scenario
- Manufacturing activities of ceramic tiles have been hampered due to lockdown measures and unavailability of workforce. In addition, shortage of raw materials occurred due to disruptions in supply chain.
- Construction activities have been halted due to lockdown measures implemented by governments of many countries. The halt in activities in the construction sector led to reduced demand for ceramic tiles.
- Owing to economic uncertainties, home owners and commercial space owners postponed the plans to renovate and installation new ceramic tiles. This also hampered the overall demand.
The glazed segment to continue its lead in terms of revenue throughout the forecast period
Based on type, the glazed segment contributed to the highest share in 2020, accounting for more than 90% of the global ceramic tiles market, and is estimated to continue its lead in terms of revenue throughout the forecast period. Moreover, this segment is expected to register the highest CAGR of 6.3% from 2021 to 2030. This is due to wide usage for wall and floor covering applications for its high stain resistance features and surge in adoption in luxury commercial, residential, and hospitality projects to enhance the aesthetics of internal spaces. The report also analyzes the unglazed segment.
Get detailed COVID-19 impact analysis on the ceramic tiles market: https://www.alliedmarketresearch.com/request-for-customization/1989
The residential segment to maintain its leadership status during the forecast period
Based on end user, the residential segment held the highest share in 2020, accounting for nearly three-fourths of the global ceramic tiles market, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is projected to portray the fastest CAGR of 6.4% from 2021 to 2030. This is due to its cost efficiency of ceramic tiles as compared to the marble, natural wood, and granite and ease in durability, installation, and affordability for the residential sector. The research also discusses the non-residential segment.
Asia-Pacific, followed by Europe and North America, to offer lucrative opportunities
Based on region, Asia-Pacific, followed by Europe and North America, is expected to manifest the fastest CAGR of 6.7% during the forecast period. Moreover, this region accounted for the highest market share in 2020, holding more than half of the global ceramic tiles market, and is projected to continue its dominant share by 2030. This is due to rapid industrial development and urbanization, availability in a wide range of colors and patterns, and demand for residential spaces.
Leading market 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
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/1989
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
India Ceramic Tiles Market: The India ceramic tiles market size was valued at $3,720.2 million in 2019, and is projected to reach $7,144.7 million by 2027, growing at a CAGR of 8.6% from 2020 to 2027.
Industrial Floor Coating Market: The global industrial floor coating market size was valued at $5,899.2 million in 2020, and is projected to reach $9,485.8 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Aluminum Cladding Panels Market: The global aluminum cladding panels market size was valued at $5,847.0 million in 2020, and is projected to reach $9,707.1 million by 2030, registering a CAGR of 5.2% from 2021 to 2030.
Industrial Flooring Market: The global industrial flooring market size was valued at $6,299.4 million in 2019, and is projected to reach $8,303.1 million by 2027, registering a CAGR of 5.3% from 2020 to 2027.
Plumbing Components Market: The global plumbing components market size is expected to reach $78,218.9million in 2027, from $58,516.6 million in 2019, growing at a CAGR of 5.6% from 2020 to 2027.
Pre-Book Now with 10% Discount:
Concrete Curing Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Masonry White Cement Market: Global Opportunity Analysis and Industry Forecast, 2021-2028
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
