May 08, 2020
As per the report titled ‘Ceramic Tiles Market Size By Usage, By Type Of Construction Activity, By End-user, Industry Analysis Report, Regional Outlook End-user Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2025’, available with Market Study Report, global ceramic tiles market is estimated to cross USD 185 billion by the end of 2025.
Ongoing technological advancements in manufacturing technology in tandem with convergence of digital printing with ceramic tiles are the major factors driving the market growth. Integration of digital technologies in ceramic production has enabled flexibility and convenience of adding designs & patterns to produce a wide variety of colors and numerous combinations for improving the aesthetics of floors and walls. Rising trend of using ceramic tiles in shower ceiling and as roofing aids for preventing of rainwater from entering into house is expected to augment the market growth over the forecast duration.
According to the report, carbon dioxide emission in Asia Pacific is likely to reach 17,000 tons by 2024. Ceramic tiles processing emits harmful gases along with massive amount of carbon dioxide into the atmosphere. This factor coupled rising environmental concerns and stringent government regulations regarding the extraction & processing of key raw materials, namely, feldspar and kaolin will hamper the market growth over the forecast timeline.
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Based on the usage, wall tiles segment is bound to see prominent gains during the estimated timeframe. Availability of wall tiles in several color variations along with desirable characteristics such as color retention, abrasion & sunlight resistance are encouraging the product installation in residential settings. Widespread use of ceramic wall tiles in kitchens owing to convenience in cleaning and enhanced overall aesthetics of the kitchen, along with growing consumer inclination towards wall tiles for home decor are driving the segment growth.
Speaking of the end-user spectrum, commercial segment is predicted to see robust growth during the projection period. Extensive application of ceramic tiles in various buildings including offices, sports complexes, hospitals, malls and hotels to enhance the floor and wall aesthetics is stimulating the product demand across the commercial sector.
Considering the regional outlook, ceramic tiles market in Asia Pacific is anticipated to gain significant market share by the end of 2025, owing to increasing number of construction activities in India, China, South Korea, and Japan. Shifting consumer preference for ceramic tiles over marble floors, metal slabs, paints and other home decorations is further expected to propel APAC market growth.
Prominent players in global ceramic tiles market are Ceramiche Atlas Concorde S.p.A., Crossville, Inc., Gruppo Ceramiche Ricchetti S.p.A., Florida Tile, Inc., China Ceramics Co., Ltd., Ras Al Khaimah Ceramics, Kajaria Ceramics Ltd., Mohawk Industries, Inc., Siam Cement Group, Grupo Lamosa SAB de CV., Porcelanosa Grupo, and Saloni Ceramics.