ID: MRFR/CO/3331-HCR | 111 Pages | Published By Pradeep Nandi on March 2023
Cement Tiles Market is projected to be worth USD 55623.70 Million by 2030, registering a CAGR of 6.70% during the forecast period (2022 - 2030)
The Cement Tiles Market is been calculated with the great growth USD 55,623.70 million, because of the recent days because of its demand in the constructional sectors. It is been calculated with the CAGR of 6.70% growth in the Cement Tiles Market Forecast period by the year 2022-2030.
The increase in the usage of cement tiles in the residential, commercial and industrial sectors are the main driving force for the growth of the Cement Tiles Market Size. The usage of cement tiles in recent days has increased because of their benefits like the durability, lightweight, ultra-thin nature and antibacterial properties are the factors that boost the growth of the Cement Tiles Market.
The cement tiles are even used in the floor walls, fireplace surrounds, pools and patios and even in the facades of the buildings. Due to the lightweight nature of the cement tiles, it is even used in hotels, hospitals, pharmaceutical industry.
The spread of the pandemic across the world has created drastic changes in the growth of many industries. Due to the spread of the pandemic across the globe, there are tremendous changes in the Cement Tiles Market Share. Even many governments are working on decreasing the spread of the pandemic in many countries by implementing the lockdown, providing the vaccine, advising the people to maintain the social distance, implementing the work from home option. Only after all these steps came into practice the government were able to reduce the increase of positive cases.
Though the lockdown has reduced the growth of the pandemic, this had brought loss in many industries. Due to the lockdown, there were a lack of transport and the shortage of raw materials were one of the main cause for the loss in the industries. The loss in the Cement Tiles Market is because of the shortage of raw materials and the shortage of labours for the work in the manufacturing companies. There was a great demand in the market for cement tiles in the construction sector, but due to the spread of the pandemic, the manufacturing companies were in shortage to deliver the products to the customers on time.
The technological advancement and the people's interest in using the new innovative things which can make the good look for the construction are also one of the main drivers which boost the growth of the Cement Tiles Market Value. In addition to that, the growth of the residential and non-residential sectors is also one of the biggest opportunities for the growth of the Cement Tiles Market.
The benefits of using the cement tiles are the lightweight nature, Ultra Thin property and the antibacterial activity is also one of the positive impacts which boost the growth of the Cement Tiles Market.
The main growth opportunity of the Cement Tiles Market is the fastest growth in the construction industry. Also the need for cement tiles in many regions because of the growth of the residential sector. The development of new technology in the construction sectors is also one of the reasons which pave the way for the growth of the Cement Tiles Market. The rapid growth in the population is also one of the reasons for the growth opportunity.
As the spread of the pandemic has caused a drastic loss in the Cement Tiles Market Growth. This is created changes in the cement tiles industry. Because of the lack of, raw materials the production was halted so there created a great loss for the manufacturing companies. In the post-pandemic situation due to the increase in the demand for the cement tiles, there was a fluctuation in the cost of the raw materials and the products which in turn caused the hindrance to the market growth.
As there is high growth across the constructional and the infrastructural sectors so there is the demand created in the Cement Tiles Market. So due to the demand, the manufacturing companies are in need to develop their production value. this challenge in increasing the production value in a short time by the manufacturing companies are one of the main challenges. So the manufacturing companies are in urge to expand their business in many regions to complete the demand.
The overall Cement Tiles Market Analysis is great because of its demand in the constructional sector. Due to the need in the constructional sector because in many regions the buildings are refurbished in the large number. So the demand has increased in the recent days. Because the government need in building the government properties there is an urgent need for cement tiles in many regions.
The Cement Tiles Market Outlook is great due to its benefits like long durability, ease of maintenance and cost-effectiveness. But many restraining factors brings impact the growth of the Market, they are the spread of the pandemic, lack of raw materials, fluctuations of the price are some of the restraining factors which hinder the growth of the Market.
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
Due to the increase in the usage of cement tiles in the construction sector, the demand has increased. As the demand for the products paves way for the growth of manufacturing companies in recent days. So to deliver the demand at the correct time the manufacturing companies have increased their productivity and planned to expand their company in many regions to compensate for the demand. On the other hand, small and the medium size companies have planned to merge and compensate for the loss because of the pandemic. These small and medium-sized companies are also expecting financial support from investors to create new innovative products in the Cement Tiles Market.
The Cement Tiles Market is been developed in many regions like North America, Asia Pacific, Europe and the Middle East and Africa.
To talk about the dominating region it is North America, this is because of the development of the construction sectors. Especially the growth of residential in the countries like the US, and Canada are one of the reasons for the growth of the Market in North America. Due to this demand, the key players are working to get back their place in North America by expanding their business in many places of North America.
The Asia Pacific region is also one of the largest shareholding regions in the Cement Tiles Market. This is because of the growth of the non-residential sector growth in recent days. Even the countries like China, India, and Japan government are also working to expand their economy by constructing new buildings. This paves the way for the growth of the Market. And it is also believed that the growth of the Asia Pacific region will be getting growth in the forecasting period.
Other regions like Europe, the Middle East, and Africa is also getting growth in the forecasting period.
Due to the demand and the increase in cement tiles in recent days, manufacturing companies are expanding their business in many regions so that they can compensate for their demand.
|Market Size||USD 55,623.70 million|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lafarge (France), GranitiFiandre S.p.A. (Italy), Ultra Tile (India), Ross Roof Group (New Zealand), Harmouch (Egypt), Avente Tile (U.S.), Villa Lagoon Tile (U.S.), Vande Hey Raleigh Mfg., Inc. (U.S.), Boral (U.S.), and Uni-Group (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Cement tiles market is projected to grow at a 6.70% CAGR between 2022-2030.
The APAC region is expected to dominate the cement tiles market.
Increasing industrialization and growing demand for tiles are the key factors driving the cement tiles market.
Heavy weigh may limit the cement tiles market growth.
Some major applications of cement tiles include industrial, commercial, and residential.