Market Size of Ceramic Tiles Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 6.43 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ceramic Tiles Market Analysis
The Ceramic Tiles Market is expected to register a CAGR of 6.43% during the forecast period.
The ceramic tiles market is one of the leading variants of the flooring market. It suffered several setbacks in 2020 due to the COVID-19 outbreak. India, the second-largest ceramic tiles producer after China, was one of the worst-hit markets due to the virus outbreak, which resulted in a shortage of finished tiles in the market. However, the construction sector, a key market for ceramic tiles, has also been suffering due to COVID-19, which affected the ceramic tiles market.
Ceramic tiles are multipurpose products that have varied applications across different geographies and end-user industries. There are several driving factors for the growth of the market across the world. Most prominent is the increasing construction activity, supported by the growing need for housing. In developing economies, like the countries in the Middle East and Asia-Pacific, rapid urbanization and a rise in disposable incomes also contribute significantly to market dynamics.
China, Japan, and India's construction businesses are experiencing robust growth due to the growth in the Asia-Pacific and global market. Rising disposable income and high population, along with other factors, are positively influencing the construction sector, which is driving the ceramic tiles market. Vendors make use of the advancements in digital printing technology to provide ceramic tiles with a wide range of design aesthetics.
The ceramics tiles market accounts for about 80% of the non-resilient flooring market. However, governmental regulations pertaining to the carbon emissions in the production of ceramic tiles hamper the market growth. Ceramic tiles are widely applicable in residential and commercial buildings, owing to their durability and crack-resistant nature. Moreover, the protective coatings on ceramic tiles offer high water resistance, stain protection, and cleanup for the tile surface.