The Global Market for Ceramic Tiles is Projected to Exceed US$140 Billion by 2024
Digital Printing, Advancements in Production
Technology, and Ever-Changing Style Trends Drive the Global Ceramic Tiles
Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size, and
demand forecasts on the global Ceramic Tiles market. The global market for Ceramic Tiles is projected to exceed
US$140 billion by 2024, driven by the
exponential increase in urban housing projects, development of patented digital
ceramic printing technologies; shifting consumer preferences from traditional designs
to digital prints; and ever-evolving
style trends.
Driven by two thousand
years of experience in providing durable, technically customized and
aesthetically appealing solutions for protecting the exteriors and interiors of
both public and private spaces, ceramic tiles are available in nearly infinite
number of formats and designs. As a reliable, durable and timeless building
material, tiles are increasingly becoming an integral part of residential and
commercial buildings globally. Superior attributes of ceramic tiles over other
flooring products such as rugs, carpet, concrete, marble, etc., that are
driving widespread application in industrial, commercial and residential
buildings include its recyclability, durability, and high resistant to thermal
shocks, water and frost in addition to offering ease in cleaning, requiring low
maintenance, affordability, lowering of household allergens, and resistance to
dust, moisture and scratches. They are also resistant to harsh environments,
high temperatures and are resilient to acidic or caustic chemicals. Tiles with
anti-bacterial and anti-slip properties that are ultra-thin and lightweight are
increasingly being used in pharmaceutical companies, laboratories, hospitals
and hotels, where the aspect of hygiene is important.
The global ceramic tiles
market is expected to maintain its growth momentum in the coming years driven
by increasing consumer demand for innovative applications that extend beyond
protecting and decorating surfaces. Going forward, hygienic considerations are
expected to feature among the protective roles assigned to ceramic tiles. Growing
popularity of thin porcelain tiles (TPTs), 3D printed tiles, and larger format tiles;
personalization trends; migration from traditional tile manufacturing to
digitally printed tiles using high definition (HD) inkjet technology to create
highly customized ceramic tile designs; increasing replacement of stone,
granite, glass and marble, with ceramic tiles; rising spend on renovation to
improve the appearance of walls and floors; growing demand for dust- and
moisture-resistant properties in commercial as well as residential applications
represent other important growth driving factors. Technology advancements
poised to benefit market expansion in the near term include creation of even
thinner tiles, which not only minimize the negative impacts of their
manufacturing process and usage on the environment, but also help in the
implementation of climate change initiatives; Smart multi-purpose intelligent
tiles that sense environmental stimulus and react to the same in a reliable,
useful, reversible and reproducible manner; and the still under development Luminous Electronic Tile, or Lumentile, a new variety of ceramic tile capable
of changing pattern and color, or even playing videos, at a touch of the
finger.
As stated by the new
market research report on Ceramic Tiles,
Asia-Pacific represents the largest as well as the fastest growing market
worldwide with a projected value CAGR of 7.8% over the analysis period. Strengthening construction
activity, focus on infrastructure improvement projects, rapid urbanization; large scale demolition and
replacement of old buildings; expanding middle class and their changing
attitude towards interior and exterior décor; growing population; rising
standard of living and the subsequent rise in demand for residential and
commercial property, particularly in regional powerhouses such as China and
India, represent important growth drivers in the region.
Key players in the market
include Cerâmica Carmelo Fior, Clayhaus Ceramics, Crossville Inc., Dongpeng,
Dynasty Ceramic Public Company, Gruppo Concorde S.p.A., Grupo Cedasa, Grupo
Fragnani, H & R Johnson, Johnson Tiles Limited, Kajaria Ceramics Ltd.,
Kaleseramik, Çanakkale Kalebodur Seramik Sanayi A.S, Lamosa Revestimientos S.A.
de C.V., Lasselsberger GmbH, Mohawk Industries, Marazzi Group S.p.A., Mulia
Ceramics, Pamesa Ceramica SL, PT Arwana Citramulia Tbk, RAK Ceramics Co.,
Rovese S.A., Saudi Ceramic Company, The Celima (Trebol Group), The Siam Cement
Public Company Limited, Manufacturas Vitromex, S.A. de C.V., and White Horse
Ceramic Industries Sdn Bhd, among others
The research report titled
“Ceramic Tiles: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections in volume (million square feet) and value (US$) for all major
geographic markets such as the US, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and
Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and
Rest of Latin America).
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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