South Korea Ceramic Tiles Market to Grow at a CAGR of 5.1% During 2024-2032, Aided by a Growing Focus on Sustainable Building Materials in South Korea

Increasing commercial projects have fuelled the demand for ceramic tiles in South Korea. As these areas undergo modernisation and urbanisation, there is a growing preference for aesthetically modern tiles. Spray drying and other innovative production techniques are enabling manufacturers to meet this demand. Furthermore, the development of new tile products with simplified installation methods has significantly contributed to the South Korea ceramic tiles market growth.

Ceramic tiles offer a versatile alternative to traditional flooring materials, such as concrete, marble, carpet, wood, and rugs. Within the residential renovation sector, the increasing focus on enhancing aesthetics through home improvement projects is anticipated to propel the demand for ceramic tile applications. Furthermore, their effortless maintenance and inherent visual appeal make ceramic tiles a popular choice for kitchens.

Further, the commercial sector's growing preference for ceramic tiles is a significant driver of the market. This trend is fuelled by the desire to create an air of luxury and modernity in commercial spaces like offices, shopping malls, and hotels. Recognising this rising demand, leading manufacturers are expanding their product offerings by introducing ceramic tiles with intricate designs, diverse textures, and a wider range of colour palettes, thus broadening their tiles' potential applications.

Porcelain tiles are expected to gain significant market share over the forecast period. This projected growth is driven by several key attributes of porcelain tiles, including their superior resistance to moisture, heat, and bacterial growth. Furthermore, their lightweight construction facilitates a simplified installation process and allows for cutting without excessive difficulty, making them suitable for a wide array of design applications.

Samsung C&T Corporation (KRX: 028260) is a diversified company encompassing four core business groups: engineering & construction, trading and investment, fashion, and resort. Leveraging its comprehensive global network, the company actively engages in international business ventures. In South Korea, Samsung C&T offers a full spectrum of construction services, encompassing consulting, construction itself, and post-construction management.

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Market Breakup by Product Type, Type, Construction Type, and End Use:

• On the basis of the product type, the market is divided into glazed, porcelain, and scratch-free, among others.

• The market can be segmented based on type into floor tiles and wall tiles, among others.

• On the basis of the construction type, the market is bifurcated into new construction and replacement and renovation.

• The market can be segmented based on end use into commercial and residential.

Key Findings of the Report:

• The South Korea ceramic tiles market expansion is being driven in large part by the robust construction industry. This surge in construction activity, coupled with a renewed focus on urban development and infrastructure improvements, has led to a heightened demand for ceramic tiles.

• The growing awareness of ceramic materials' sustainability and environmental advantages has fuelled the market. This trend coincides with the expansion of South Korea's middle class, leading to increased disposable income and a heightened focus on interior design and home improvement projects. Consequently, the ceramic tiles market in South Korea has experienced significant growth.

• The market in South Korea, however, faces challenges due to fluctuating prices of key raw materials, such as quartz sand, kaolin, feldspar, and bentonite. These significant price variations may hinder the market's growth potential.

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea ceramic tiles market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product types, types, construction types, and end uses of ceramic tiles in South Korea.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the South Korea ceramic tiles market are RAK Ceramics PJSC, Sungilceramics. Co, Ltd., Taeyoung Ceramic Co., Ltd., Skytouch Ceramic Pvt. Ltd., Korea Ceramics Co., Ltd., Swellco Ceramic LLP, PORCELANOSA Grupo A.I.E., and Kukdong Ceramics Co., Ltd., 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.

Key Highlights of the Report

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