Recent Developments & Attractive Business Opportunities in Ceramic Tiles Market Industry

Ceramic Tiles Market Industry Key Revenue Pockets

A ceramic surface unit, usually relatively thin in relation to facial area, made from clay or a mixture of clay and other ceramic materials, called the body of the tile, having either a glazed or unglazed surface and fired above red heat in the course of manufacture to a temperature sufficiently high to produce specific physical properties and characteristics. The global ceramic tiles market is projected to reach USD 285.1 billion by 2025, at a CAGR of 6.5%, from 2020 to 2025.

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Browse?156 market data Tables and?40 Figures spread through?151 Pages and in-depth TOC on "Ceramic Tiles Market by Type (Porcelain, Glazed, Unglazed), Application (Floor, Internal Wall, External Wall, Others), End-Use Sector (Residential & Non-residential), & Region - Global Forecast"

The porcelain segment, by type, is projected to grow at the highest CAGR during the forecast period. The demand for porcelain tiles in recent years has been increasing due to their superior properties, such as low water absorption, slip resistance, and anti-bacterial properties. These properties make porcelain tiles highly popular for kitchens, bathrooms, and hospitals.

The flooring segment, by application, accounted for the largest share in the ceramic tiles market, in terms of value. Ceramic tiles are an ideal and enduring option as a flooring material because of their strength, water-resistance, low maintenance, reliability, and high durability. They find application in healthcare centers, government offices, and sports institutes, where the expected footfall is high, as well as in residential buildings. Being water-resistant and easy to clean, they are the best solution for the kitchen and bathroom floors.

In terms of geographic coverage, the ceramic tiles market has been segmented into five regions, namely, North America, the Asia Pacific, Europe, the Middle East and Africa, and South America. The Asia Pacific region accounted for the largest share in 2019 and is also projected to record the highest growth rate during the forecast period. The increasing number of new housing units and huge investments in the infrastructural sector are fueling the demand for ceramic tile materials in this region. The growth of the ceramic tiles market in the APAC region is also driven by increasing demand for ceramic tiles in countries, such as China, India, Thailand, Indonesia, and Vietnam, due to the significant growth in the construction opportunities in these countries. China is estimated to be the largest producer and consumer of ceramic tiles products in this region, and the market in this country is projected to grow further.

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The increasing population is one of the prime factors for the increase in demand for the ceramic tiles market. Moreover, the population shift from rural to urban areas in the world has elevated the growth rate even further. The total world population is expected to reach 9.5 billion by 2050, where the urban population will account for at least 66.4% of the total, as stated by the United Nations’ Population Division. A positive shift in the living standards will require improved hygiene and sanitation. In recent years, APAC has substantially progressed in the ceramic tiles market, which primarily includes emerging markets, such as India and China. Asian cities are expected to account for 52.3% of the global urban population, creating the largest ever workforce, by 2050.syus

Recent Developments in Ceramic Tiles Market Industry

• In August 2020, SCG Cement-Building Materials Company Limited entered into a share purchase agreement to acquire all shares of Oitolabs Technologies Private Limited in India, to support SCG CBM’s digital technology and software development with the aim of delivering values to customers and enhancing growth opportunities.
• In June 2020, RAK Ceramics and Azizi Developments entered into an agreement for the supply of floor and wall tiles, and kitchen and bathroom fittings for the MBR City waterfront project in Dubai, the UAE.
• In December 2019, Kajaria Ceramics launched Trends 2020, an exquisite range of ceramic tiles, for the southern region in India.
• In February 2019, RAK Ceramics invested in a tile production facility in Saudi Arabia, which adds 10 million square meters per annum to the company’s tile production capacity.

Ceramic Tiles Market Industry Leaders

The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market.

The ceramic tiles market is dominated by major players such as Mohawk Industries (US), Siam Cement Group (Thailand), Grupo Lamosa (Mexico), Grupo Cedasa (Brazil), Kajaria Ceramics (India), Ceramica Carmelo Fior (Brazil), and RAK Ceramics (UAE). These players have adopted numerous growth strategies, such as acquisitions and expansions to further expand their presence in the global ceramic tiles market. Expansions were the most dominating strategy adopted by major players from 2017 to 2020, which helped them to expand their global presence and broaden their customer base.?

Mohawk Industries is the pioneer in flooring manufacturing, which primarily emphasizes on enhancing residential and commercial spaces across the globe. It engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications. A unified system and well-engineered distribution mechanism provide a vital competitive advantage over the competitors in the production of ceramic tile, laminate, carpets & rugs, and wood & vinyl flooring.

During the initial phase of the business, the organization’s business was limited to North America; however, the organization has successfully established its business globally, with a wide variety of sheer-quality products.

The company has its manufacturing facilities in 18 countries. It provides an extensive range of soft and hard surface products for both residential and commercial applications in over 170 countries, with leading market positions in the US, Europe, and Russia.

Siam Cement Group is an investment holding company, which engages in the business of industrial supplies and construction materials. It operates through the following segments: SCG cement-building materials, SCG chemicals, and SCG packaging. The SCG cement-building materials segment is engaged in the manufacture and sale of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; distribution of cement, building, and decorative products; and import of fuel products, waste paper, and scrap iron.

Siam Cement has operations in many countries across all regions—such as China, Cambodia, Malaysia, Hong Kong, Australia, Singapore, the US, and the UAE. Thus, the company has a strategically competitive advantage in meeting the needs of consumers across the globe.