Market Size of Asia-Pacific Ceramic Tiles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Ceramic Tiles Market Analysis
The Asia-Pacific Ceramic Tiles Market is expected to register a CAGR of greater than 5% during the forecast period(2024-2029).
The Asia-Pacific ceramic tiles market held the largest share of the global ceramics market and is expected to continue its dominance throughout the projected years. Asia-Pacific, being the largest manufacturer and consumer of ceramic tiles, shows signs of emerging as a dominant region during the forecast period. Moreover, the booming construction sector in this region will be the major contributor to the growth in consumption.
Countries such as India, China, and Japan are also attracting heavy investments from global players, thus propelling the market growth. The rising demand for designer and modular tiles, expanding construction market sector, and the various government initiatives promoting the ceramic industries are primarily responsible for driving the market growth in this region. Rapid industrialization, urbanization, and cost benefits are the prime reasons for the ceramic tiles market growth in the Asia-Pacific region.
The ceramic tiles market, one of the leading variants of the flooring market, suffered several setbacks during 2020 due to the sudden COVID-19 pandemic. India, the second largest manufacturer of ceramic tiles products, was one of the worst-hit markets due to the virus outbreak, which resulted in a shortage of finished tiles. However, the construction sector, which is the key market for ceramic tiles, also suffered due to COVID-19, which in turn affected the ceramic tiles market with revenue losses.
