WESTFORD, Mass., July 19, 2024 /PRNewswire/ -- According to SkyQuest, the global Ceramic Tiles Market size was valued at USD 245.50 billion in 2022 and is poised to grow from USD 263.52 Billion in 2023 to USD 464.41 Billion by 2031, at a CAGR of 7.34% over the forecast period (2024-2031).
Ceramic tiles are used in buildings because they are extremely durable and have crack resistance. The ceramic tiles market's growth is primarily driven by growing construction activities and increasing investment by the countries for infrastructure development. The market is also surging due to the preference for ceramic tiles during renovation of houses, shops, malls, and other institutes. A rising population and disposable income are also supporting the market development. Today, there are various types of ceramic tiles with different colors, textures, and sizes available in the market increasing its attractiveness among people. Moreover, the governments of the developing countries have also immensely invested in public infrastructures like offices, hospitals, and housing societies. Developments in the inkjet technology have also helped manufacturers to imitate the veining patterns and color depth of the natural stones like marble, travertine, slate, and limestone. There is immense growth in the marble-styles tiles because of their minimalist looks and elegance. These tiles are mostly used in bathrooms and corridors for commercial buildings.
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Ceramic Tiles Market Overview:
Report Coverage | Details |
Market Revenue in 2023 | $ 263.52 Billion |
Estimated Value by 2031 | $ 464.41 Billion |
Growth Rate | Poised to grow at a CAGR of 7.34% |
Forecast Period | 2024-2031 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Finish, Application, End-Use, and Region |
Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Report Highlights | The advent of 3D tiles with their multidimensional patterns and visually appealing looks |
Key Market Opportunities | Growing population is increasing the need for commercial and residential buildings |
Key Market Drivers | Use of ceramic tiles for their versatility, durability, and style |
Segments covered in Ceramic Tiles Market are as follows:
- Finish
- Glossy, Matte, Polished, Others
- Application
- Wall tiles, and Floor tiles
- End User
- Residential, and Non-residential
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Increasing Demand for Digitally Printed Ceramic Tiles for Intricate Designs to Drive the Market
In the past few years, the popularity of the digitally printed ceramic tiles increased significantly. The consumers are choosing more intricate designs that has an aesthetic appeal. Moreover, the development and utilization of innovative technologies for printing designs on tiles have assisted manufacturers to maintain consistency in designs. Increasing expense of customers and the rising requirement for innovative interior decors have also increased the demand of the digitally printed tiles market. These types of tiles are extremely versatile and showcases a unique aesthetics by creating a beautiful effect on the interior space. This type of printing technology can imitate images easily to create a high-definition designs on the tiles. The tiles are also available for copper, gold, silver, steel, and bronze colors. Exceptional features like anti-bacterial, easy to clean, resistance to fire, stains, and moisture, is also driving the market growth.
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Growing Floor Industry with Stylish Ceramic Tiles is Influencing Market Growth
The ceramic tiles are extensively used in flooring applications because they are versatile, durable, and stylish. The demand for floor covering is growing as the infrastructure and construction activities are expanding rapidly. In recent times, hard surface flooring like ceramic tiles is getting more popular because of their high performance and cost-efficiency. Moreover, they are also extremely environmentally friendly and can lasts for a long time due to their resistance to moisture and easy maintenance. These tiles are flexible can is used in both indoor and outdoor areas, increasing the growth of the market.
Urbanization and Increasing Population Investing in Construction to Boost Ceramic Tiles Market
The ceramic tiles are extensively used for flooring in the construction sector because they are highly durable and crack resistance. These tiles are also extremely attractive, sustainable, and reliable. The protective coatings in the ceramic tiles offer outstanding water resistance, stain resistance, and easy to clean. Two primary factors driving the ceramic tiles market is urbanization and expansion as they are being heavily used in the commercial and residential projects. Urbanizations is growing in the developing countries like Asia, Africa, and Latin America because of the rapid growth in population. Therefore, this fast-paced urbanization along with investments from government in commercial and residential construction is highly boosting the ceramic tiles market.
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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