Market Size of Vietnam Ceramic Tiles Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 3.13 Billion |
Market Size (2029) | USD 3.91 Billion |
CAGR (2024 - 2029) | 4.52 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Vietnam Ceramic Tiles Market Analysis
The Vietnam Ceramic Tiles Market size is estimated at USD 3.13 billion in 2024, and is expected to reach USD 3.91 billion by 2029, growing at a CAGR of 4.52% during the forecast period (2024-2029).
- The ceramic tiles market in Vietnam has been experiencing significant growth and development. Vietnam is among the top Asian nations in terms of tile production. In addition to being used domestically, tile goods are also exported. Vietnam is a leading global exporter of tiles. Vietnam's top export destinations for ceramic items include Taiwan, Japan, Thailand, Cambodia, Malaysia, Indonesia, the US, and Australia. China is the main source of ceramic imports to Vietnam. Together with granite and porcelain tiles, ceramic tiles are highly common in Vietnam and have been utilized for a long time.
- One central element propelling the ceramic tile market is rising building investment. The suppliers are pushing the boundaries of digital printing technology to offer a greater variety of design aesthetics in ceramic tiles. Because ceramic tiles are long-lasting and resistant to cracking, they are frequently used in residential and commercial buildings. Ceramic tile protective coatings provide excellent stain and water resistance.