Market Size of South Korea 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) | > 3.00 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Korea Ceramic Tiles Market Analysis
The South Korea Ceramic Tiles Market is expected to register a CAGR of greater than 3% during the forecast period(2024-2029).
The COVID-19 pandemic had a significant effect on the construction sector, which is sensitive to economic cycles. This had a direct effect on the disruption in the demand for ceramic tiles. COVID-19 slowed the production of these ceramic tiles due to a lack of labor and a country-wide lockdown. This depleted the demand for ceramic tiles in South Korea.
South Korea is predicted to be the key revenue pocket of the Asia-Pacific region over the coming years. Ceramic tile is commonly used in the construction of various buildings, such as housings, offices, and schools. Rising preference for marble floors along with the replacement of metal slabs, paints, and home decor items with ceramic tiles is expected to boost the growth of the market. Government initiatives to propel infrastructure growth, rising per capita income, foreign investment, and increasing population are a few of the factors predicted to benefit the construction industry, consequently stimulating the ceramic tiles market size.
