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Global Ceramic Tiles Market Grew at a CAGR of 6.8% During 2016-2020, Aided by Rapid Urbanisation and Growth of Commercial Construction Industry

According to a new report by EMR titled, ‘Global Ceramic Tiles Market Report and Forecast 2021-2026’, the market grew at a CAGR of 6.8% in the historical period of 2016-2020.

The real estate construction industry is one of the rapidly growing industries, providing impetus to not only the commercial construction sector but also to the ceramic tiles industry. The development of technically superior and high-end products is also significant for the growth of the industry. Digital printing technology is one of the major factors transforming the ceramic tiles industry; it creates durable, shiny, smooth, and aesthetically appealing tiles. It also improves the manufacturing process, increases production speed, and creates complex designs on the tiles, aiding the growth of the market. It can incorporate any design or artwork and can be customised with any pictures or graphics. In the Asia Pacific, India is one of the largest producers and consumers of ceramic tiles. Various government schemes are boosting the market growth. Several initiatives, such as Swachh Bharat Abhiyan, Housing for All By 2022, and Development of 100 Smart Cities, among others, for infrastructure development and demographic growth, are also propelling the market growth.

The key players of the market have been using various technological innovations in the development of ceramic tiles to bolster the market growth. In January 2020, Mohawk Industries Inc. (NYSE: MHK), one of the leading players in the industry, launched a wide variety of tiles such as colour wheel collection, mythology, resilience, and confectionary, among others. Additionally, they developed products like RevoTile, which features ClicFit technology, to ensure the ultimate quality and performance in design. It also provides ultra-realistic wood, stone, marble, and concrete looks. Similarly, Kajaria Ceramics Limited (NSE: KAJARIACER), another key player in the industry, offers a unique collection of tiles that gives an experience of real nature. Several 3D technology and digital prints are used for the creation of such tiles, further propelling the growth of the industry.

Market Analysis by Product, Type, Application and Region:

  • The market, on the basis of product, can be divided into glazed, porcelain, and scratch-free ceramic tiles, among others.
  • Based on type, the industry can be divided into floor tiles, and wall tiles, among others.
  • The applications for ceramic tiles include residential, commercial, and replacement, among others. 
  • The regional markets for ceramic tiles include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The robust growth of the construction and infrastructure industry is providing thrust to the market demand for ceramic tiles. 
  • The rapid urbanisation and emergence of the middle class are also propelling the growth of the market.
  • The increasing innovations and the use of technology are augmenting the demand for ceramic tiles.
  •  The development of smart cities and the rising use of eco-friendly products will provide impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, types, and applications, and regions of ceramic tiles.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ceramic tiles market are Mohawk Industries, Inc., SCG Ceramics Public Co., Ltd., Grupo Lamosa, Dynasty Ceramic Public Company Limited, and Kajaria Ceramics Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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