The Global Ceramic Tiles Market Size is valued at 330.60 billion in 2023 and is predicted to reach 556.70 billion by the year 2031 at a 6.81% CAGR during the forecast period for 2024-2031.
Urban sprawl, a rise in disposable income, an increase in remodel and remodeling projects, a need for repairs and maintenance, rising construction industry investment, and product innovations in the sector are some of the main drivers impacting the market growth. But erratic raw material costs and onerous government regulations are impeding industry expansion. The flourishing flooring sector increased supply from emerging nations, and the rising use of ceramic tiles in interior design for residential and commercial spaces influenced the market's expansion. Since they are adaptable, durable, and fashionable, ceramic tiles are frequently utilized in flooring applications.
Moreover, due to the growth in building and infrastructure-related activities, there is an increase in flooring demand worldwide. Due to their great performance and affordability, hard surface flooring, like ceramic tiles, is becoming increasingly popular. Additionally, technology in the industry and other technological developments are expected to support market expansion in the future. The finest quality finish for ceramic tiles has been developed due to recent process improvements. The rise of the ceramic tile business has been facilitated by variables like an increasing population, rising disposable income, more excellent remodelling and renovation activities, and higher investments in the residential and commercial sectors. Rising demand from new markets and the development of the organized retail sector may be advantageous. The market is growing, but escalating restrictions, taxes, and variable raw material prices constrain it.
Recent Developments:
- In April 2021-The largest supplier of flooring, wall tiles, countertops, and hardscaping materials in North America, M S International Inc (MSI), announced the extension of its already substantial and continuously expanding selection of more than 100 Q Premium Natural Quartz products.
- In February 2019, RAK Ceramics began investing in developing its new plant in Saudi Arabia, which will increase its production capacity by an additional 10 million square meters annually.
Competitive Landscape:
Some of the Ceramic Tiles market players are:
- ATLAS CONCORDE S.P.A.
- Cerámica Saloni, Florida Tile, Inc.
- China Ceramics Co., Ltd.
- Crossville Inc.
- Florim Ceramiche S.p.A.
- Grupo Lamosa
- Guangdong Monalisa Industry Co., Ltd.
- Guangdong Newpearl Ceramics Group Co., Ltd.
- Kajaria Ceramics Limited
- Mohawk Industries, Inc.
- Porcelanosa Group
- RAK Ceramics
- Ricchetti Group
- SCG Cerámica
Market Segmentation:
The ceramic tiles market is segmented based on product type, application, and end-user. Based on product type, the market is segmented as glazed, porcelain and scratch Free. The ceramic tiles market is segmented by application into the floor, internal wall and external wall. The end users segment includes residential and non-residential.
Based On Application, The Flooring Segment Is A Major Contributor To The Ceramic Tiles Market
The flooring category will hold a major share of the global Ceramic Tiles market . Since these tiles offer cost-effectiveness and improved aesthetics, demand for the product is anticipated to rise from commercial projects, particularly hotels and shopping centres. Demand for the product is projected to increase due to designers' and architects' growing influence on using porcelain tiles and flooring in commercial settings. Over the anticipated period, the ease of cleansing, fashionable designs, and stain and water power supplied by these materials will likely fuel demand in commercial flooring applications.
The Residential Segment Witnessed Growth At A Rapid Rate
The residential segment is projected to grow rapidly in the global ceramic tiles market. Because of the product's anti-slip and scratch resistance, the expanding housing industry in emerging economies like India is anticipated to spur demand. The thick barrier on the polished ceramic tiles also gives them a high level of water resistance, enhancing their usefulness in humid environments. As a result, these tiles are being used more frequently in wet spaces like restrooms, refrigerators, and common areas, which is anticipated to boost market growth throughout the projected period.
The Asia Pacific Ceramic Tiles Market Holds A Significant Regional Revenue Share
The Asia Pacific regional market is projected to record an increased market share in revenue shortly. Key element driving the demand for ceramic tiles in this region is the need for ceramic tiles for residential and non-residential structures arising from increasing urbanization. Countries in this region are primarily responsible for driving the market for ceramic tiles.The constantly expanding population is the main element influencing the growth of the global ceramic tiles market. Still, many people are also relocating from rural or village regions to major cities to establish homes, which has also influenced the expansion of this industry. Also, as urbanization increases, more and more homes, offices, shopping centers, and other structures are being erected, which will boost this market's growth during the projection period in this region.
Global Ceramic Tiles Market Report Scope:
Report Attribute |
Specifications |
Market size value in 2023 |
USD 330.60 Bn |
Revenue forecast in 2031 |
USD 556.70 Bn |
Growth rate CAGR |
CAGR of 6.81% from 2024 to 2031 |
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
Historic Year |
2019 to 2023 |
Forecast Year |
2024-2031 |
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
Segments covered |
Product Type, Application, And End-User |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
Competitive Landscape |
Mohawk Industries, Inc., Grupo Lamosa, Crossville Inc., RAK Ceramics, SCG Cerámica and Kajaria Ceramics Limited |
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |