Ceramic Tiles Market Size, Share & Trends Analysis Report By Product(Glazed, Porcelain), by Applicatrion( Wall, Floor), by End USE(Residential, Commercial), by Region, and Segment Forecasts,2019-2025
The global ceramic tiles market size was estimated at USD 56.21 billion in 2018 and is projected to witness a CAGR of 7.7% from 2019 to 2025. Rising construction activities supported by the increasing need for housing are to remain important contributors to the growth. Rapid urbanization and rise in disposable income in countries from Middle East and Asia Pacific are expected to further augment the growth.
Feldspar, alumina, zircon sand, silica, and kaolin are the key raw materials used for manufacturing of ceramic tiles. These tiles are find major application in residential and commercial construction. Natural minerals, namely, feldspar is used to lower the firing temperature while manufacturing these tiles. The final product is the flat and thin tiles that have wear resistance, thermal protection, and corrosion resistance properties. They are used for roofing of walls, floors, roofs, table tops, and bathrooms among other applications.
North America ceramic tiles market is expected to witness significant growth in the forthcoming years. The market is witnessing a rapid shift towards domestic production. Many Italian companies are increasing their investments in the region owing to abundant availability of raw material and a huge customer base. The Tile Council of North America (TCNA) is involved in the expansion of the regional industry. According to the Environmental Product Declaration (EPD) by TCNA, these tiles have the lowest environmental impact as compared to other flooring options. They are approved to be safe and can be used for green building programs initiated by LEED.
North America was valued at USD 2.64 billion in 2018 and is projected to expand at a CAGR of 4.8% from 2019 to 2025. The demand from commercial and residential construction and residential replacement has witnessed a rise in the recent past and is anticipated to witness growth in key emerging countries, such as India and China. Aging infrastructure is projected to remain a key growth factor for North America market over the forecast period.
Abundant availability of raw material is expected to be a major factor driving the demand over the forecast period. However, availability of substitutes and increasing application of ceramics in disk brakes and refractory is expected to impact the supply of raw material for tile manufacturing.
Technological advancements such as automation in manufacturing is projected to assist the market growth in the forthcoming years. Recent advancement in processes has led to the development of the highest quality of finish in ceramic tiles. One or more polishing steps are done to achieve a mirror or stone finish. Owing to the automation in modern production facilities, very less human intervention is needed. This has resulted in mass manufacturing of products at lower costs.
Glazed products is expected to witness a CAGR of 8.3%, in terms of revenue, from 2019 to 2025. Government initiatives for housing facilities coupled with improved living standards are driving the product demand. Furthermore, easy availability of housing financing is projected to fuel the demand for various products in this category.
End Use Insights
The use of environment-friendly and sustainable products is projected to grow in the forthcoming years. The demand for ceramic based cool roof tiles is rising owing to rising awareness regarding environmental issues. These products offer benefits such as moisture resistance, fade resistance, and cost-effectiveness, which is anticipated to bode well for market growth over the forecast period.
In terms of revenue, residential segment accounted for 43.6% of market share in 2018 and is projected to expand at a CAGR of 7.9% during the forecast period. Cheaper procurement and installation cost of ceramic tiles over other flooring materials is expected to drive the demand from residential application over the next seven years.
Rising demand for energy efficient green building for office spaces and government buildings is expected to drive the market. The commercial construction sector is anticipated to grow at moderate pace, however, material prices fluctuations can impact the businesses.
Wall tiles segment held the second largest market share in terms of volume and is anticipated to expand at a CAGR of 6.0% over the next seven years. Rising application in kitchen and bathroom is anticipated to propel segment growth. Cork, metallic, mirror, mosaics, and brick and stone tiles are the varieties produced by various companies.
Growing demand for a variety of color, pattern, and textures to improve the aesthetic and visual appearance of walls in houses and commercial spaces is expected to propel the demand. The companies in this sector are focusing on the reinvention of the brand. Various products are being introduced by the key players. Manufacturing capacities are constantly augmented to meet the demand from different product categories.
North America accounted for 4.7% of market share and is forecasted to expand at a lucrative pace during the forecast period. The regional demand is fueled by increasing construction of green buildings. As per the Chamber of Commerce of U.S, 81% of contractors in 2017 were engaged in some level of commercial green building projects.
Many market players in various countries are involved in the initiatives to reduce CO2 emission and water consumption in ceramic tile manufacturing plants. High production of kaolin, zircon sand, and alumina in various regions is expected to propel demand for innovative products over the forecast period.
Asia Pacific is projected to create many growth opportunities in the forthcoming years. Affordable housing projects have created a demand for various construction materials in countries such as India and China. Competitive pricing of ceramic materials has led to higher usage compared to other forms of flooring.
Central and South America is expected to hold a significant market share in near future owing to ample raw material availability, especially in Brazil, Chile, and Argentina. Rising construction activities owing to lower base effects, strong economic and policy reforms, and robust project pipeline is expected to drive the regional demand.
Ceramic Tiles Market Share Insights
The market is characterized by the presence of many small and medium-sized companies. These companies focus on excellence and innovation for sustainability to expand their global reach. Major market players are expanding the business of the premium range of ceramic products. They also focus on projects in metro and tier II cities.
Few participants including Porcelanosa Group; Crossville Inc.; Gruppo Ceramiche Ricchetti; Mohawk Industries; and Florida Tile dominate the global market. Key companies such as China Ceramics Co. Ltd, Saloni Ceramica, Mohawk Industries, and Veisa Ceramics play an important role in emerging markets such as India and China.
Base year for estimation
Actual estimates/Historical data
2014 - 2017
2019 - 2025
Revenue in USD Million Volume in Million Square Meters & CAGR from 2018 to 2025
North America, Europe, Asia Pacific, Central & South America, Middle East and Africa
Revenue forecast, company share, competitive landscape, growth factors and trends
U.S., Russia, Spain, Turkey, China, India, Brazil, Saudi Arabia
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Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global ceramic tiles market report based on product, application, end use, and region:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
End Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
(Original report from https://www.grandviewresearch.com/industry-analysis/ceramic-tiles-market)