May 04, 2022
According to the research report titled ‘Global Ceramic Tiles Market (Value, Volume) - Analysis By Product, Application, End-User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027),’ available with MarketStudyReport, global ceramic tiles market garnered revenue of USD 240.21 billion in 2021 and is estimated to expand considerably during 2022-2027.
Soaring construction activities, booming population leading to demand for housing, and a rise in disposable income supplementing rapid urbanization are factors enhancing the expansion of global ceramic tiles market.
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Moreover, increase in spending on infrastructure development, especially in emerging economies is further bolstering the industry development.
During the COVID-19 pandemic, prolonged lockdowns suspended the construction activities across the world and led to severe disruptions in the supply chain which impacted the growth of business sphere to a great extent. However, the post-pandemic era is estimated to build momentum in the market.
In terms of product type, the porcelain vertical is expected to account for a significant revenue share during the forecast period, due to its increased value and high durability which enhances its usage in parks, malls, and hotels.
Concerning application scope, the floor tiles segment of worldwide ceramic tiles market is anticipated to record remarkable progress during the review period, owing to its glazed protective layer which makes them resistant to stains and water damage.
Based on end-user ambit, the residential vertical is projected to stimulate massive returns during the speculated timeline, given the affordability & durability offered by the ceramic tiles which makes them an ideal choice for the sector.
From a regional standpoint, Asia Pacific market is poised to witness tremendous growth through the assessment timeframe, attributed to an elevation in construction demand in developing nations like India and China.
The established names in global ceramic tiles industry include Mohawk Industries Inc., Pamesa Ceramica, Grupo Lamosa SAB de C.V., Ceramica Carmelo Fior, Kajaria Ceramics Limited, Grupo Cedasa, RAK Ceramics Private Limited, STN Ceramica, Siam Cement Public Company Limited, and Saudi Ceramic Co. among others.