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Ceramic Tiles Market Research Report- Forecast to 2030

Global Ceramic Tiles Market Research: Information By Raw Material (Feldspar, Kaolin, Bentonite, Silica Sand), By Product (Ceramic Tiles, Floor Tiles, Others) By Application (Residential and Commercial) – Forecast Till 2030

ID: MRFR/CO/0471-HCR | February 2021 | Region: Global | 124 pages

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Ceramic Tiles Market Overview

Global Ceramic Tiles Market is likely to attain a final market value worth USD 120 billion during the current forecast period of 2021-2030. The global ceramic tiles market size is likely to expand at a CAGR of 17.25% during the forecast period.

The ceramic tiles market has been growing at a substantial rate due to population growth, followed by a good rise in the disposable income of people. Also, there has been a rapid degree of growth in renovation and remodeling activities which has to lead to an increase in investments in the residential and commercial sectors. The rising degree of demand from the globally emerging economies followed by the growth of the organized retail sector is creating new growth opportunities for the market. However, the risks regarding the volatile raw material prices and increasing regulations and tariffs restrain the growth of the market during the forecast period that will be ending in 2030.


COVID 19 Analysis


The arrival of the COVID-19 has had a severe impact on every country’s GDP on the international map. The nationwide imposed lockdowns followed by the shutdown of non-essential industries have resulted and caused a downfall in the global economy. The falling demand from the customers located worldwide has led the world into a global recession. Also, the total recovery for the markets is not expected shortly. Many ongoing construction projects and activities, including the government infrastructure projects, which were initially running, came to a complete halt due to the imposition of temporary and permanent lockdowns. The construction industry and inclusive of many others are understood as labor-intensive. Mass unemployment in the construction industry has led to widespread panic. This is leading the laborers to return to their homelands and be set free during the pandemic.


Even after the easing of lockdowns restrictions by global governments in several countries, the functional construction companies are likely to work with reduced finances, labor, and working hours, which is likely to further going to delay project deliveries. It is estimated that initially, the ongoing government projects will resume their operations. However, with the rising constraint of budgeted revenue, it is likely to be difficult for even the government to finance the big projects for the rest of the year. The impact of the slowdown and lockdown of the construction industry was felt by the ceramic tiles industry as well. Apart from the global shutdown of production facilities, there has been a cancellation of several projects in the commercial and industrial construction sector that is likely to lead to the reduced demand for ceramic tiles in 2020.


Competitive Landscape


The ceramic tile market share has been increasing because of the excellent performance that has been recorded by the following market players:



  • Mohawk Industries (US)

  • STN Ceramica (Spain)

  • Siam Cement Group (Thailand)

  • Grupo Fragnani (Brazil)

  • Grupo Lamosa (Mexico)

  • Pamesa Ceramica (Spain)

  • RAK Ceramics (UAE)

  • Ceramica Carmelo Fior (Brazil)

  • Kajaria Ceramics (India)

  • Grupo Cedasa (Brazil)


Market Dynamics


Drivers


The increasing population is followed by the increase in demand for the ceramic tiles market. Moreover, the population shift from rural to urban areas has elevated the growth rate even further. The total world population is likely to reach 9.5 billion by the end of 2050, where the urban population will account for at least 66.4% of the total. This worldwide information has been stated by the United Nations Population Division. There has been a positive shift in the living standards that will require an improvement in hygiene and sanitation. In recent years, the APAC region has substantially progressed in the ceramic tiles market. This growth primarily includes the role of emerging markets, such as India and China. Asian cities are projected to account for 52.3% of the global urban population, which will result in the creation of the largest ever workforce, by the end of 2050.


Restraints


The process of manufacturing a tile is an extremely energy-intensive production process that involves power, gas, and transportation costs. These costs are the vital cost-related concerns that are impacting the industry. Uniformity in power and fuel availability at reasonable rates is another vital factor that affects the growth of the ceramic tiles industry. The volatile markets have introduced significant negative consequences, which are primarily faced by the manufacturing organizations.


Technology Analysis


The penetration of organized retailers is likely to increase the availability of different types of ceramic tiles that are subsequently driving the growth potential of this market. The rapid development of the global retail industry is witnessing the entry of a large number of retail stores that include hypermarkets, amongst others like supermarkets, and specialty stores. Owing to the rise in hectic lifestyles and work schedules, convenience and comfort are increasingly becoming important to the target audience. Hence, large organized retail stores are likely to lay their focus on stocking more varieties and brands of ceramic tiles under a single roof to offer more options to the target consumers. Dedicated retail stores for interior décor products, as a part of the market are also making ceramic tiles available for the customers. With the increasing span of brand consciousness among consumers, the importance of organized retailers offering a series of branded ceramic products and other home furnishing products has also increased in the global market. Organized retailing enables the target customers to gather information on various brands and compare the products based on aspects like price, quality, and design of several products, after which they make their final buying decision. Thus, the growth of the organized retailing sector is likely to have a positive impact on the ceramic tiles market during the forecast period.


Segment Overview


The ceramic tile market growth can be attributed to the recorded performance of the following market segments:


Based on Type:


The ceramic tiles market has been segmented based on the type and includes:



  • Porcelain

  • Glazed

  • Unglazed 


Based on the Application


The application segment of the ceramic tiles market includes the following:



  • Flooring

  • Internal Wall

  • External Wall

  • Others (Roof, Ceiling, Countertop)


Based on the End-Use Sector


The end-use sector of the ceramic tiles market size includes the following:



  • Residential

  • Non-residential 


Based on the Region:


The ceramic tiles market trends are prevalent in the following regions:



  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • South America


Regional Analysis


The Asian Pacific region is developing as the most attractive market for ceramic tiles due to the rapid socio-economic development in this region. There has been an increase in the number of new housing units and huge investments in the infrastructural sector that are fueling the demand for ceramic tile materials in the APAC region. The growth of the ceramic tiles market in the APAC region is further, driven by the globally increasing demand for ceramic tiles in countries, like China, India, Thailand, Indonesia, and Vietnam. The main reason behind this is the significant growth in the construction opportunities in these countries.


Recent Developments



  • In August 2020, one of the prominent companies - SCG Cement-Building Materials Company Limited had entered into a share purchase agreement to acquire all shares of another company - Oitolabs Technologies Private Limited in India. The idea behind this is to support SCG CBM’s digital technology and further, opt for software development to deliver values to customers and enhance growth opportunities.

  • In June 2020, other market companies like RAK Ceramics and Azizi Developments entered into a contractual agreement for the supply of floor and wall tiles followed by the kitchen and bathroom fittings for the MBR City waterfront project in Dubai, the UAE.

  • In December 2019, Kajaria Ceramics which is a trusted market player launched Trends 2020. This is an exquisite range of ceramic tiles, for the southern region of the Indian subcontinent.


Report Overview


The ceramic tiles market report discusses the basic market functioning that has been disrupted because of the advent of the covid pandemic. The market report helps in understanding the dynamics on which the market functions and caters to the rising needs of the global target audience. The report helps to draw a competitive market graph amongst the market players based on the developments that have been undertaken during the forecast period that will be ending in 2028.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 120 Billion
  CAGR   17.25% (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Raw Material, By Product, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   The Siam Cement Public Company Limited(Thailand), Mohawk Industries Inc (U.S.)., Kajaria Ceramics (India), Roca Sanitario, S.A (Spain)., RAK Ceramics (Arab Emirates), Lamosa (Mexico), Panariagroup Industrie Ceramiche S.p.An (Italy), Guangdong Dongpeng Ceramic Co., Ltd (China)., Gruppo Concorde (Italy), and Pamesa Ceramica (Spain).
  Key Market Opportunities   Growing consumption of residential buildings, hospitals, and laboratories
  Key Market Drivers

  • Low maintenance
  • High durability


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    Frequently Asked Questions (FAQ) :

    The growth would be backed by the increasing development of residential infrastructure.

    The Asia Pacific market has a better chance of continuing domination.

    The raw materials are kaolin, feldspar, silica sand, bentonite, and others.

    The segments are floor ceramic tiles, ceramic tiles, and others.

    The players involved are Mohawk Industries Inc (U.S.)., The Siam Cement Public Company Limited (Thailand), Roca Sanitario, S.A. (Spain)., Gruppo Concorde (Italy), Kajaria Ceramics (India), Lamosa (Mexico), RAK Ceramics (Arab Emirates), Guangdong Dongpeng Ceramic Co., Ltd (China)., Panariagroup Industrie Ceramiche S.p.A (Italy), and Pamesa Ceramica (Spain).

    The global market is likely to attain a global market CAGR worth17.25% during the forecast period that ends in 2025.