ID: MRFR/CO/3373-HCR | February 2021 | Region: Global | 111 pages
The global vitrified tiles market is projected to be worth USD 796.3 Billion by 2030, registering a CAGR of 5.2% during the forecast period (2022 - 2030), The market was valued at USD 471.9 billion in 2021.
Vitrified tiles market has been steadily growing in recent years, and this trend is likely to continue in the forecast future. The worldwide vitrified tiles market is largely driven by the construction industry’s rapid expansion, which includes high demand for luxury flooring tiles as one of the key growth reasons.
One of the key reasons driving the vitrified tile market is rapid expansion in the building industry. The high demand for residential and non-residential structures has had a substantial influence on the market for vitrified tiles, which are utilized in the buildings’ floors and walls. Vitrified tiles are frequently used as a flooring alternative to marble and granite. As a result, expanding population and urbanization, as well as rising earnings as a result of economic expansion, have raised the demand for building in diverse locations. The market for vitrified tiles has exploded as a result of this. Ceramic tiles having a very low porosity are known as vitrified tiles. Marble and granite floors can be replaced with vitrified tiles. Due to their water and frost resistance, they are commonly utilized as outdoor flooring. They are produced by hydraulic pressing a vitreous surface over clay, quartz, feldspar, and silica mixes.
This research evaluates the overall vitrified tiles market growth and limits. Research also describes the dynamics of the market, segmentation, key players, geographical analysis, and other relevant features. The study also includes a thorough analysis of the vitrified tile market outlook and 2027 forecast.
Covid 19 Analysis
The emerging COVID strain has negatively damaged healthcare infrastructure via the emergence of several industrialized and rapidly developing countries. There is a shortage of hospital staff, medications, oxygen beds, and fans. Graveyards and crematoria worked constantly to combat the growth of dead bodies. Supply chains face instabilities which cause problems in many nations’ manufacturing operations. On 30 January 2020, a global public health emergency was proclaimed as the Coronavirus disease (COVID-19) Outbreak of the World Health Organization’s (WHO) International Health Regulations Emergency Committee. The virus began in China and has already spread to at least 213 nations and territories worldwide. The vitrified tile industry is likely to be hampered in the foreseeable future by a labor shortage caused by the ongoing COVID-19 issue and a lack of raw materials.
Vitrified Tiles Market Top Players
The market for vitrified tiles is being driven by an increase in demand for tiles with greater textural appeal, durability, and simplicity of installation. Vitrified tiles are more expensive than their ceramic equivalents. Vitrified tiles also necessitate the use of costly adhesives to keep them stable. During the projected period, this is expected to stifle the market for vitrified tiles.
Advanced printing technologies such as digital printing, 3D printing, water jet technology, and anti-microbial glazing technology are projected to open up attractive opportunities for the vitrified tiles market industry. Digital printing technology, for example, assists in the color improvement of tiles, while anti-microbial tiles aid in the reduction of germs on tile surfaces.
The vitrified tile industry is likely to be hampered shortly by labor shortages caused by the ongoing COVID-19 issue and a lack of raw materials.
As an alternative to marble and granite flooring, vitrified tiles can be utilized. They are usually utilized as outdoor floors since they are resistant to water and frost. They are manufactured with a hydraulic press, which supplies tile with a vitreous surface, of mixes such as clay, quartz, feldspar, and silica.
Cumulative Growth Analysis
The growing need for building in many locations has increased population & urbanization and rising wealth from economic expansion. This has driven quick expansion for the market of vitrified tiles. The global growth of Vitrified Tiles in the forecast period is predicted to increase significantly. The market was steadily expanding in 2021 and the market is predicted to increase over the projected horizon with the increased adoption of tactics by key players. A trend for development and marketing channels is analyzed for the Vitrified Tiles market. Finally, fresh investment ideas are evaluated and overall study findings are given.
Value Chain Analysis
The research also addresses the world’s top players in the vitrified tiles market share, including corporate profiles, product image, and specifications, capacity, production, price, cost, revenues, and contact information. An examination is also carried out of upstream raw materials and machinery and downstream demand. This report offers important industry information and is a great resource for advice and direction for organizations and people interested in the market, with tables and figures that can assist analysis globally. There are now many technical developments to achieve a competitive advantage in terms of the production process and products. New characteristics are also developing on the market such as 3D printing, digital printing, anti-microbial glazing, nanotechnology, and water jet technology. Diverse new thermal tiles, such as heat generation, energy savings, and cooling tiles, acquire relevance with the development of intelligent houses, especially in residential structures.
The market for vitrified tiles has been divided by type, end-user, and geography.
Double charged vitrified tiles, full body vitrified tiles, soluble salt vitrified tiles, and glazed body vitrified tiles are the different types of vitrified tiles. Due to its excellent durability and elegant look, glazed body vitrified tile is projected to expand at the fastest rate throughout the projection period.
The market is divided into three categories based on the end-user: residential, commercial, and others. Due to rising population and disposable income, the residential sector is projected to have a significant market share over the projection period.
During the projected period, the worldwide vitrified tiles market trends are predicted to have spectacular growth. The substantial expansion in the building sector with the population surge and falling borrowing rates in many regions have driven the housing market. The growth is mostly attributable to the increased income from economic expansion, which will likely continue in the predicted years, in many nations. Increased demand for luxury floors drives the need worldwide for vitrified tiles. The Asia Pacific area now leads the global vitrified tiles market, followed by Europe and North America.
The global growth of Vitrified Tiles in the forecast period is predicted to increase significantly. The market was steadily expanding in 2021 and the market is predicted to increase over the projected horizon with the increased adoption of tactics by key players. A trend for development and marketing channels is analyzed for the Vitrified Tiles market. Finally, fresh investment ideas are evaluated and overall study findings are given.
The following report comprises of –
The TMR analysts and consultants employ techniques and market forecast processes to provide trustworthy findings for industry-wide quantitative customer insight. The report not only includes estimates and projects but also an uncompromising assessment of the market dynamics of these data. These insights blend data-based research frameworks and qualitative advice for entrepreneurs, CXOs, policymakers, and investors. The insights also contribute to overcoming your worries.
Vitrified Tiles Market Segments
Vitrified Tiles, By Type:
Vitrified Tiles, By End-user:
Vitrified Tiles, By Region:
|Market Size||2030: USD 796.3 Billion|
|CAGR||5.2% CAGR (2022 to 2030)|
|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||Ceramica Carmelo Fior Ltda. (Brazil), Lamosa Group (Mexico), Mohawk Industries Inc. (U.S), Ras Al Khaimah (RAK) Ceramics (UAE), Siam Cement Group (Thailand), ABK Industrie Ceramiche SpA (Italy), ALTAECO S.p.A. (Italy), PT Arwana Citramulia Tbk (Indonesia), Asian Granito India Ltd. (India) and Casalgrande Padana S.p.A. (Italy)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global vitrified tiles market projected to grow at approximately 5.2% during the assessment period (2022-2030).
The segment - residential sector by end-use holds the majority shares in the global vitrified tiles market.
Rapid growth in the construction sector and the high demand for residential & non-residential buildings, are the major tailwinds pushing the growth of the global vitrified tiles market.
Asia Pacific holds the largest share in the global vitrified tiles market, followed by North America and Europe, respectively.
Lamosa Group (Mexico), Ceramica Carmelo Fior Ltda. (Brazil), Mohawk Industries Inc. (U.S), Siam Cement Group (Thailand), Ras Al Khaimah (RAK) Ceramics (UAE), ABK Industrie Ceramiche SpA (Italy), PT Arwana Citramulia Tbk (Indonesia), ALTAECO S.p.A. (Italy), Casalgrande Padana S.p.A. (Italy), and Asian Granito India Ltd. (India), are some of the top players operating in the global vitrified tiles market.