Market Size of Mexico Ceramic Tiles Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.46 Billion |
| Market Size (2029) | USD 1.88 Billion |
| CAGR (2024 - 2029) | 5.24 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Ceramic Tiles Market Analysis
The Mexico Ceramic Tiles Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 1.88 billion by 2029, growing at a CAGR of 5.24% during the forecast period (2024-2029).
The COVID-19 pandemic made people less interested in buying ceramic tiles in many places, including North and Latin America. Ceramic tile production had been reduced due to nationwide lockdowns. Most commercial and residential projects were also put on hold for an extended period of time, affecting the Mexican ceramic tile market indirectly.
Rising urbanization, industrialization, and disposable income are all things that are likely to boost industry growth in economies that are still growing. Also, the building of homes, shopping malls, offices, and other places where people work is likely to increase demand. Ceramic products are used a lot in the country's construction industry. Nearly 45% of the country's total value is made up of ceramic tiles.
By 2027, floor tiles will have a big share of the market and are expected to bring in around USD 100 billion. When compared to hardwood, ceramic floor tiles are more durable and can handle heat and shock better. This will help the industry grow. Another reason they are widely used is the ease with which they can be installed and replaced.
