Tiles made of ceramic materials are thin slabs which are usually used in creating a surface for floors and walls. They are derived from clay structures and other inorganic raw materials. Ceramic Tiles can be unglazed or glazed. Unglazed tiles endure a particular firing; glazed tiles have a transparent coat applied between the first and second firing rounds. The ceramics titles are broadly divided into several types such as mosaic tiles, quarry tiles, paver tiles, wall tiles, floor tiles, grading, porcelain floor tiles, and others.
Ceramics is an inorganic material consists of metal, non-metal or metalloid atoms primarily held in ionic and covalent bonds. These ceramic materials consist of several properties such as elastic, tensile strength, compressive strength, hard, dielectric constant and optical.
Currently, the global ceramic tiles market was 13.93 billion square meters in 2018. The market is expected to grow by approximately 5% CAGR from 2019 to 2023 due to increasing residential construction segment in the Asian & Gulf Cooperation Council (GCC), a rising replacement demand, and increasing penetration of the ceramic tiles. APAC region is the major driving factor for the ceramic tiles market growth. China and India are expected to register the exponential growth rate due to growing construction activities. China holds the largest share of 43% by consumption and 50% by production to the overall ceramic tiles market.
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India shows extreme opportunity for ceramic tiles, valued 805.6 million square meters in 2018 and is expected to register CAGR of 8% over the forecast period from 2019 to 2023. Growing construction activities, changing the standard of living, increasing penetration of ceramic tiles, and supportive government initiatives; all these factors are expected to boost the demand of ceramic tiles in India.
Ceramic tiles market offers a huge opportunity for major players, especially in the APAC region. It can be used on walls and floors for residential and non-residential construction both. Growing residential construction activities will help the ceramic tiles market to register good growth in the coming years. Continuous innovation is the key to success in this market, major players are continuously investing in R&D to bring new product, new designs with better properties. Companies present in this market is expected to get a higher return as the market is growing at above-average growth.
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