A report on “Ceramic Tiles Market” has been appended into the market research report database of Reports and Insights, in recent times, that promises to offer a complete analysis to its readers on the growth forecasts and development prospects of the market, together with the potential business opportunities in the industry. The study, which emphasizes the most recent business dynamics, trends, growth drivers and opportunities that are impacting the market growth, also comprises the market size and the compounded average growth rate (CAGR) for the projected period 2022 and 2030. The report on Ceramic Tiles Market also incorporates an in-depth assessment on both the macro- and micro-environmental factors that are likely to impact the market growth over the forecast period. In addition to that, analytical tools such as Porter’s five forces analysis and PESTEL analysis are utilized to reckon and gather the factors that are playing the role of the driving force for the growth of the market.
The global ceramic tiles market is estimated to reach at a value of US$ 210.5 Bn by the end of 2022 and expected to reach at a value of US$ 340.2 Bn by 2030 with a significant CAGR of 6.2%
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Ceramic Tiles Introduction
The ceramic tile can simply be understood as any tile that is formed from a ceramic material including porcelain or earthenware. Undeniably, the ceramic tiles are primarily made from a mixture of natural ingredients such as sand and clay and others. All these products are mixed and moulded together in a perfect shape into the kiln at a high temperature, which is around 1250 degrees celsius. Also, the area between the tiles, which is called “grout,” is suffused with a separate mixture of sand, water, and “cement” like material. In some of the installations, the tile grout is formed of epoxy in lieu of cement.
Ceramic tile is highly diverse with a wide range of options from a natural stone looks to solid colors in a variation of sizes. Ceramic tiles can be either lustrous or non-lustrous. The unburnished or non-lustrous tiles are more permeable than lustrous tile. Ceramic tiles have become an essential aspect of the construction industry in the past few years.
Ceramic tiles are multipurpose products that have several different applications across various geographies and end-user industries. The ceramic tiles serve its utility in various applications, including new residential, residential replacement, commercial, and others. In addition to that, the defensive and secured coatings on ceramic tiles also provide stain protection, high water resistance, as well as cleanup for the surface of tiles.
Ceramic Tiles Market Dynamics
The growing level of urbanization, as well as flourishing economies across the world, is primarily boosting the demand of construction in residential as well as in commercial sectors that are ultimately setting the growth of the global ceramic tiles market in motion.
In addition, the greater per capita income as well as spending, population inflation, and GDP hike, worldwide, are also other major factors that are further sustaining the growth of the global ceramic tiles market.
The increased urbanization also results in growing infrastructure, globally, which stimulates the construction of various shopping malls, office spaces, hospitality, and lodging spaces as well as other utility spaces that also positively fuels the demand of ceramic tiles, thereby boosting the growth of the global ceramic tiles market in the forthcoming years.
In addition to that, ceramic tiles are rigid, durable, as well as environment friendly materials that favorably abide by green building standards, owing to which the ceramic tiles is positively gaining momentum in the global markets in walling and flooring applications.
Moreover, the ceramic tiles are available in a broad range of sizes, colors, patterns, and textures, therefore obtaining excessive consumer attraction for high end flooring applications. Attributing to such factors, the global ceramic tiles market is expected to observe significant growth over the forecast period.
Other than that, the employment of ceramic tiles in the construction of residential or in commercial spaces provides enhanced aesthetics, as well as structural sustainability and reliability without any considerable rise in costs, which gave a positive escalation to the construction of a higher number of buildings with usage of ceramic tiles in floors and walls. Such factors have jointly augmented the overall demand for ceramic tiles in the global markets, thus anticipated to support the growth of the global ceramic tiles market in the given timeframe.
However, a major restraining factor that is likely to hold the growth of the global market of ceramic tiles to the limits is the stringent regulations of the several governments and regulatory bodies referring to harmful gases diffused during the production procedure of ceramic tiles. The manufacturing process of ceramic tiles requires very high temperatures ranging upto 2000-25000 celsius, which further stimulates the requirement of large quantities of fuels to generate such high temperatures which ultimately leads to critical emission of CO2 in the atmosphere.
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Ceramic Tiles Market Segmentation
The global ceramic tiles market is segmented on the basis of product type, application, end-use sector, and region.
On the basis of the product type, the ceramic tiles market is segmented into Porcelain, Glazed, and Unglazed.
The application segment is divided into Flooring, Internal Wall, External Wall, & Others (Roof, Ceiling, & Countertop).
Furthermore, the end-use segment is divided into Residential, Non-residential.
By Type
Porcelain
Glazed
Unglazed
By Application
Flooring
Internal Wall
External Wall
Others (Roof, Ceiling, Countertop)
By End-Use
Residential
Non-residential
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Ceramic Tiles Market Key Players
The global ceramic tiles market is dominated by Mohawk Industries, Siam Cement Group, Grupo Lamosa, RAK Ceramics, Kajaria Ceramics, Grupo Cedasa, Ceramica Carmelo Fior, Pamesa Ceramica, Grupo Fragnani, and STN Ceramica, among others.
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