The global ceramic tiles market size is projected to grow from USD 194.2 billion in 2024 to USD 228.3 billion by 2030, at a CAGR of 2.7% during the forecast period. This latest market research report offers a wealth of valuable insights and data, including global ceramic tiles market size, regional shares, and competitor market share. Ceramic tile is a type of flooring material made from clay and other natural substances. The material is molded into tiles and then fired at high temperatures to produce a hard and a durable surface. The term “ceramic” originates from the Greek word “keramos,” which means pottery. These are available in a wide range of sizes, shapes, colors, and patterns. Ceramic tiles offer versatile options for both residential and commercial spaces.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228236779
The ceramic tiles market is experiencing growth due to several factors. Increasing urbanization and a booming construction industry are driving demand, particularly in emerging economies. Additionally, consumers are increasingly seeking aesthetically pleasing and durable flooring options, while advancements in manufacturing technology have made ceramic tiles more affordable and diverse in design. These factors, combined with a growing emphasis on home renovation and improvement, are fueling the market’s expansion.
A few of the major players are, Mohawk Industries Inc. (US), Grupo Lamosa (Mexico), Pamesa Ceramica (Spain), RAK Ceramics (UAE), Siam Cement Public Company Limited (Thailand), Kajaria Ceramics (India), Ceramica Carmelo For (Brazil). These players have implemented various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to enhance their market shares and boost their product portfolios.
Mohawk Industries, Inc. (US) is a global manufacturer and distributor of flooring products. It is renowned for its diverse portfolio that includes carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring. The company is headquartered in Calhoun, Georgia. It operates in over 170 countries and caters both residential and commercial markets. The company has grown significantly through a combination of strategic acquisitions and continuous innovation, enabling it to offer a wide range of high-quality products tailored to various customer preferences and market demands.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=228236779
Grupo Lamosa (Mexico) is a global manufacturer and supplier of ceramic tiles for wall and floor applications. The company operates through business segments such as Ceramic, Adhesives and insulating, and Corporate & Other segments. The company has operations in regions including North America, South America, Central America, and Europe. It sells its floor and wall tiles under different brand names like Roca, Firenze, Lamosa, Porcelanite, Cordillera, Ceramica Scop etc.
RAK Ceramics (UAE) is one of the world’s largest ceramic tile manufacturers, specializing in high-quality ceramic and porcelain tiles, as well as sanitary ware. It was established in 1989 and headquartered in Ras Al Khaimah, United Arab Emirates. The company has established a global presence, exporting to over 150 countries. Known for its innovative designs and advanced technology, RAK Ceramics produces a vast array of products catering to both residential and commercial markets. The company’s product portfolio includes a wide variety of sizes, finishes, and designs, allowing for versatile applications in different architectural and interior styles.
The Porcelain segment is expected to register highest growth in the global ceramic tiles market during the forecast period
The porcelain tiles segment is the fastest-growing market segment. This is due to its exceptional durability, low maintenance, and versatile design options. Porcelain tiles are more resistant to water, stains, and wear than ceramic tiles, making them suitable for various applications, including high-traffic and outdoor areas. This durability appeals to consumers and businesses looking for long-lasting flooring solutions. Additionally, advancements in large format tiles and digital printing technology allow porcelain tiles to closely mimic natural materials like marble, wood, and stone, enhancing their aesthetic appeal.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=228236779
Flooring segment is projected to be the fastest growing segment in the ceramic tiles market
Flooring is the fastest-growing segment in the ceramic tiles market due to the increasing demand for durable, low-maintenance, and aesthetically pleasing surfaces in both residential and non-residential/ commercial properties. As more consumers prioritize long-lasting and easy-to-clean flooring solutions, ceramic tiles become a preferred choice due to their resistance to moisture, stains, and wear. The versatility in design and the ability to mimic natural materials like wood and stone also contribute to their popularity, catering to a wide range of style preferences. Furthermore, the rising trend of home renovations and the expansion of commercial and retail spaces drive the growth of the flooring market, as these projects often require high-quality, durable flooring materials.
The Residential segment to register a higher CAGR during forecast period
The residential sector is the fastest-growing market in the ceramic tiles industry due to a combination of factors. One reason is the increasing trend of home renovations and upgrades. The ceramic tiles are favored for their affordability and lighter weight, making them a cost-effective choice for residential applications as compared to the heavier, more expensive porcelain tiles which are often used in commercial settings. Although the porcelain tiles are also used in residential projects, the widespread appeal of ceramic tiles for their ease of maintenance and diverse design options drives their dominant presence in home improvement. This growing investment in residential spaces along with the preference for budget-friendly and versatile materials, boosts the growth of the ceramic tiles market in the residential sector.
Speak to Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=228236779
Asia Pacific region is the largest market for ceramic tiles
The Asia-Pacific (APAC) region dominates the ceramic tiles market due to several key factors. The region has a big construction sector which is driven by rapid urbanization and infrastructure development, particularly in countries like Thailand, Indonesia, China, India, and Vietnam. This growth creates substantial demand for ceramic tiles in both residential and commercial projects. The Asia Pacific region also benefits from a vast and skilled labor force, enabling cost-effective production. The region also has plentiful raw materials, such as clay and feldspar, essential for ceramic tile manufacturing.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ceramic-tiles-market-228236779.html