According to report published by Grand View Research, “Ceramic Tiles Market Size, Share & Trends Analysis Report By Product (Glazed, Porcelain), By Application (Wall, Floor), By End Use (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025”,
Increasing construction activities in residential and commercial applications coupled with focus on green buildings is projected to drive the growth.
As per the reports of the U.S. Green Building Council, green construction is growing at rapid pace and is projected to support more than 3.3 million jobs in the years to come. Owing to strict regulations for emission and environmental protection, many organizations are working on green construction. If the standards applied properly, these buildings can help reduce around 10% of carbon emissions in countries such as the U.S.
Digital technology has highly affected the market over the past few years. Application in digital inkjet printing technology for ceramic tiles has made it possible to develop tiles with a variety of designs and appearances. Inkjet technology allows high quality and high-speed printing with speed of around 50-meters per minute. The decoration can be applied till the edges of the tile thus allowing perfection in printing. This technology allows manufacturers flexibility and innovation in designing ceramic tiles.
Demand for rubber flooring is increasing rapidly, especially from retail stores, hospitals, and residential buildings owing to enhanced comfort level the product offers. Reduced risk of injury and strain of feet and legs is expected to propel demand for these products in the forthcoming years. These are also being used in electronic and electrical manufacturing companies for static flooring due to their non-conductive nature. These factors in combination can critically impact the market growth in near future.
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Further key findings from the report suggest:
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In terms of revenue, glazed segment is anticipated to reach USD 10.06 billion by 2025
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In terms of revenue, wall tiles segment is projected to witness a CAGR of 7.8% over the forecast period
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Residential application held the leading market share of 43.4% in 2018
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Europe ceramic tiles market is anticipated to reach 2.38 billion square meters by 2025
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In terms of revenue, Asia Pacific is projected to witness a significant CAGR of 8.5% over the forecast period, owing to rising residential and commercial construction activities
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Some of the key market players are Atlas Concorde; Crossville Inc.; Mohawk Industries, Inc.; RAK Ceramics; Florida Tile; Saloni Ceramica; Kajaria Ceramics; and Guangdong Monalisa Industry Co., Ltd.
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Grand View Research has segmented the global ceramic tiles market report on the basis of product, application, end use, and region:
Ceramic Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
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Glazed
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Porcelain
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Scratch free
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Others
Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
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Wall
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Floor
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Others
Ceramic Tiles End Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
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Residential
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Commercial
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Others
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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