Rockville, Aug. 31, 2023 (GLOBE NEWSWIRE) -- As per this new report Fact.MR, a provider of market research and competitive intelligence, the global Vitrified Tiles Market is predicted to expand at a CAGR of 2.5% to amount to US$ 10 billion by 2033-end.
Vitrified tiles are crafted by blending silica, clay, feldspar, and quartz, resulting in their exceptional weather-resistant and stain-resistant properties, making them a popular choice for outdoor flooring. The hydraulic pressing of clay, quartz, feldspar, and silica produces a vitreous surface, which lends itself to versatile applications, including bathroom walls, kitchen floors, and usage in various commercial establishments like restaurants, businesses, and shops. Their ease of installation, cleaning, and maintenance further adds to their appeal.
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An increase in the demand for both residential and business infrastructure improvements is driving the market. Furthermore, government initiatives to support the tile industry continuously stimulate the growth of the vitrified tiles market. Similarly, rising demand for residential development drives industry expansion. Furthermore, increased creativity in tile manufacturing and print machinery is expected to boost market growth. The impact of GST, on the other hand, and the low replacing rate of tiles, have a direct impact on market growth.
Key Segments of Vitrified Tiles Industry Research Report
| By Type | By Application | By End Use | By Surface |
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Key Takeaways from Market Study
- The global vitrified tiles market stands at US$ 7.7 billion in 2023.
- Worldwide demand for vitrified tiles is projected to rise at a CAGR of 2.5% from 2023 to 2033.
- The global market is estimated to touch US$ 10 billion by the end of 2033.
- The market in China is forecasted to expand at a CAGR of 5% from 2023 to 2033.
- Sales of vitrified tiles in the residential sector are predicted to grow at 3% CAGR through 2033.
“Environmental consciousness is influencing consumers’ choices and driving the demand for eco-friendly floorings. Manufacturers are using recycled materials and adopting eco-friendly production processes to reduce their carbon footprint and appeal to environmentally conscious buyers,” says a Fact.MR analyst.
Market Competition
Investments in the vitrified tiles market are focused on adopting new technologies, obtaining raw materials, effective procurement/inventory, strengthening product portfolios, and utilizing skills to maintain growth during difficult times. Significant players are extending their operations to improve their place in vitrified tiles and present the most recent vitrified goods.
- In June 2021, Crystal Ceramics Industries Private Limited, a subsidiary of Asian Granito, successfully expanded its vitrified tile manufacturing capacity at its Mehsana Plant by an additional 12,000 square meters per day, leading to a total capacity of 36,000 square meters/day. Key players in the vitrified tile industry are preparing to produce glazed vitrified tiles on a large scale, with dimensions of 600 mm x 1,200 mm. These strategic moves are expected to significantly drive market growth over the forecast period.
To captivate the attention of consumers, participants in the market continually introduce products that prioritize reduced environmental impact, increased durability, and enhanced aesthetics. To maintain a competitive edge, major industry players are diligently working towards achieving optimal operational efficiency, elevating product quality, increasing manufacturing output, and pursuing acquisitions of smaller players.
Companies within the industry place a significant emphasis on robust research and development (R&D) activities and investments in flooring products to uphold their competitive positions. Leading firms are bolstering both their market presence and product portfolios through the introduction of cutting-edge offerings like vitrified tiles.
For instance,
- Vitero Tiles embarked on a noteworthy venture in August 2020 with the launch of its Soir collection, a range of glazed vitrified tiles available in seven distinct colors. Drawing inspiration from the elegance of Italian and French marble, this new collection represents a strategic move by Vitero to expand its product lineup and reinforce its foothold in the market.
| Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2033) | US$ 10 Billion |
| Growth Rate (2023-2033) | 2.5 % CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 80 Tables |
| No. of Figures | 219 Figures |
Key Companies Profiled
- Ricchetti Group
- Atlas Concorde S.P.A.
- Cerámica Saloni
- Florim Ceramiche S.p.A.
- Porcelanosa Group
- ABK Group
- Kajaria Ceramics Limited
- Lamosa Group
- Mohawk Industries, Inc.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global vitrified tiles market with historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on type (double charged, full body, soluble salt, glazed body), application (wall tiles, floor tiles), end use (residential, commercial, public infrastructure), and surface (glossy, matte, anti-skid), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
Checkout More Related Studies Published by Fact.MR Research:
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Travertine Tiles Market: Travertine tiles market is set to witness a high single-digit y-o-y growth in 2021 over 2020, according to the latest analysis by Fact.MR. Travertine tile sales in the US will be heavily influenced by improving construction activity. In Western European countries, such as UK, France, and Germany, improving consumer confidence can create momentum.
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