Ceramic Tiles Market To Reach USD 94.13 Billion By 2026 | Reports And Data

Ceramic Tiles Market Size – USD 55.04 billion in 2018, Market Growth - CAGR of 6.9%, Ceramic Tiles Industry Trends – Rapid Industrialization

New York, New York, UNITED STATES

New York, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Escalating growth of the building and construction industry is one of the important factors influencing market growth.

The global ceramic tiles market is expected to reach USD 94.13 Billion by 2026, according to a new report by Reports and Data. The ceramic tiles are typically used owing to their ability to resist stains, allergens, or bacteria, among others. Because of their anti-skid, lightweight, and anti-bacterial properties, these tiles are ideal for use in hotels, hospitals, laboratories, and pharmaceutical manufacturing facilities where hygiene is of utmost importance. Also, the aesthetic appearance and availability of diverse product variants of ceramic tiles make them a suitable substitute to hardwood and other products such as marble, and concrete, among others.

There has been an introduction of various high-quality products owing to technological advancements in the industry. At present, several players in the market are making use of inkjet printing technology to cater to consumer demands for aesthetic tiles. The advent of new techniques, like the pressing and firing of tiles, incorporation of spray drying of clays, and specialized equipment for selection, manipulation, and control, have empowered manufacturers to manufacture and supply ceramic tiles in various shapes, sizes, and textures.

Rapid urbanization, industrialization, and increasing per capita income, particularly in developing countries, including India, China, Brazil, and Russia, have resulted in increased construction activities in residential, commercial and industrial sectors, thus, accelerating the demand for high-quality flooring products such as ceramic tiles.

Availability of substitutes and fluctuating price of raw materials may hamper the growth of the market in the forecast period.     

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Further key findings from the report suggest

  • By product type, glazed ceramic tiles are forecasted to grow at the fastest rate of 7.3% in the forecast period. Glazed ceramic tiles provide an additional protective layer that offers them better resistance from stain, water absorption, and frost resistance. These ceramic tiles do not draw dust or dust mites and are resistant to harsh chemicals, which gives them better longevity.
  • By construction type, the new construction types contributed to a larger market share in 2018 and are likely to grow at a significant rate in the forecast period attributed to the high growth of new construction activities especially in the developing countries in the Asia Pacific region.
  • By application, flooring tiles held the largest market share with a revenue generation of USD 28.01 Billion in 2018 and is projected to witness a growth rate of 6.6% in the period 2019-2026.
  • By end-user, the non-residential segment held a market share of around 55.0% in 2018 and is likely to have a growth rate of 6.7% in the forecast period.
  • The market in the Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 7.2% in the forecast period. The market dominance of the Asia Pacific region is because of the occurrence of a high volume of construction activities along with strong growth in the economy and a vast population.
  • The market in Europe is forecasted to experience a growth rate of 6.3% during the forecast period.
  • Key participants include Atlas Concorde, Mohawk Industries, Crossville Inc., RAK Ceramics, Saloni Ceramica, Florida Tile, NITCO Tiles, Kajaria Ceramics, China Ceramics Co. Ltd., and Johnson Tiles, among others.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/ceramic-tiles-market

Segments covered in the report:

For the purpose of this report, Reports and Data have segmented the global ceramic tiles market on the basis of product type, construction type, application, end-user, and region:                     

Product Type Outlook (Volume, Million sq. meter; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Glazed
  • Porcelain
  • Scratch-Free
  • Vitrified
  • Others

Construction Type Outlook (Volume, Million sq. meter; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Replacement & Renovation
  • New Construction

Application Outlook (Volume, Million sq. meter; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Roofing Tiles
  • Flooring Tiles
  • Wall Tiles
  • Partition Tiles

End-User Outlook (Volume, Million sq. meter; 2016-2026 and Revenue, USD Million; 2016-2026)

  • Residential
  • Non-Residential

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Regional Outlook (Volume, Million sq. meter; 2016-2026 and Revenue, USD Million; 2016-2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Latin America
  • Brazil

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