Market Size of China 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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China Ceramic Tiles Market Analysis
The China Ceramic Tiles Market is expected to register a CAGR of greater than 5% during the forecast period(2024-2029).
In 2020, the unexpected COVID-19 pandemic caused several problems for the ceramic tile market, which is one of the most popular types of flooring. China, which makes a lot of ceramic tiles, was one of the hardest-hit markets when the virus spread. This caused a shortage of finished tiles on the market. But COVID-19 also hurt the construction industry, which is the main market for ceramic tiles. This caused the ceramic tile market to lose money.
In China, the ceramic tile industry is expected to grow a lot over the next few years because the medical, housing, and construction industries are growing a lot.The demand for residential infrastructure and the renovation of existing buildings is driving up the number of construction projects.
China's growing number of cities is expected to continue to be a major growth driver for the ceramic tile market over the next few years. Rapid immigration into China's cities is expected to drive demand for residential construction, which means the ceramic tile market should stay busy.