Market Size of Malaysia 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) | 4.67 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Ceramic Tiles Market Analysis
The Malaysia Ceramic Tiles Market is expected to register a CAGR of 4.67% during the forecast period(2024-2029).
The Malaysian ceramic tiles market is expected to witness strong growth over the forecast period owing to factors such as the rising standard of living, increasing construction activity in the residential and commercial sectors, and growing urbanization. Furthermore, the number of households in the country is anticipated to increase by 2021, driving the demand for residential units, which will directly impact the ceramic tile industry's growth in the country. The increasing number of commercial units in the future will also witness an increased demand for ceramic tiles.
The southern and central regions of Malaysia witness the highest sales of ceramic tiles in the country due to the high number of commercial and residential buildings located in these regions. The exports of Malaysian tiles are also increasing exponentially, with an increasing demand for wall and roof tiles. The companies are also constantly coming up with product variations in terms of designs, sizes, and variants, which are expected to further propel the demand for ceramic tiles in the upcoming years.
