Rapid urbanization and increase in various construction projects have led to an incremented demand for better quality, durable, stain proof, and corrosion resistance materials. Ceramics are among these crucial material used for decor in building interiors and exteriors. Moreover, mounting use of tiles in the construction of concrete structures such as warehouses and food processing is booming the growth prospects, according to a business intelligence report published by IndustryARC. The report estimates the global ceramics market size at $89,365 million in 2018. It is further evaluated to grow with a healthy compound annual growth rate (CAGR) of 7.50% during the forecast period of 2019-2025.
The IndustryARC’s business intelligence report is titled “Ceramic Tiles Market: By Type (Mosaic, Quarry, Paver); By Material (Alumina, Steatite, Zirconia); By End User (Commercial, Residential, Industrial, Others) & Geography – Forecast (2019 - 2025).” Increasing mergers and acquisitions between companies and government support for eco-friendly solutions are leveraging the opportunities in the ceramics tiles market over the forecast period.
Global Ceramics Tiles Market: Leading Segments
APAC had the highest demand share in the global ceramics tiles market in year 2018. As per a report by Institution of Civil Engineers, China and India are the crucial regions driving the construction industry in APAC. An emerging trend that is impacting the dynamics of the construction industry is a steady increase in demand for green construction, bridges lock-up device systems, and swimming pools. The opportunities for the manufactures for these products will elevate the market size. This region held the market opportunities shares of 60% in 2018 and it will emerge with higher revenue in the near future.
Based on the segmentation, the residential sector generated the highest profit in the global ceramics market. With rise in disposable income, financing for residential construction projects has improved especially lower interest rates. Emerging awareness to use durable materials along with the hygiene prospects is projected to accelerate the demand for ceramic tiles in the residential sector. The residential sector is expected to grow with a CAGR of 8.20% through to 2025.
Global Ceramics Tiles Market: Growth Drivers and Trends
· Demand for durable, high self-life, corrosion free tiles are fueling the growth of ceramics tiles.
· Ceramic tiles can be customized easily with any pattern and size with a smooth edge finish. Hence, demand for ceramics tiles for decor with different patterns such as wooden effect, brutalist pattern, and the indoor-outdoor pattern is booming the ceramics tiles market.
· The use of inkjet printing for drawing digital images on the surface of the ceramics tiles are fueling the demand for the ceramics tiles.
· The different modern techniques used for coating the ceramics tiles are laser technology, thermal projection, and plasma-based techniques. Manufactures are finding more effective green techniques to use for manufacturing of the ceramics tiles.
· Glazing is a technique used for drying the wet ceramic tiles during the manufacturing process. The single glazed ceramic tiles are more environmental friendly in comparison to other glaze levels. The demand for single glaze tiles is anticipated to accelerate the value of the ceramics tiles market.
Global Ceramics Tiles Market: Competitive Landscape
The leading players present in the ceramics tile market are Johnson Tiles, Kale Group, Mohawk Industries, Kajaria Ceramics, Sian Cement, Lamosa Ras Al Khaimah (RAK) Ceramics, and China Ceramics.
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A. Glass Ceramics Market
B. Ceramic Coatings Market
C. Ceramic Fibers Market
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1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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