The global ceramic
tiles market is expected to reach USD 94.13 Billion by 2026, according
to a new report by Reports and Data. The ceramic tiles are typically used owing
to their ability to resist stains, allergens, or bacteria, among others.
Because of their anti-skid, lightweight, and anti-bacterial properties, these tiles
are ideal for use in hotels, hospitals, laboratories, and pharmaceutical
manufacturing facilities where hygiene is of utmost importance. Also, the
aesthetic appearance and availability of diverse product variants of ceramic
tiles make them a suitable substitute to hardwood and other products such as
marble, and concrete, among others.
There has been an introduction of
various high-quality products owing to technological advancements in the
industry. At present, several players in the market are making use of inkjet
printing technology to cater to consumer demands for aesthetic tiles. The
advent of new techniques, like the pressing and firing of tiles, incorporation
of spray drying of clays, and specialized equipment for selection,
manipulation, and control, have empowered manufacturers to manufacture and
supply ceramic tiles in various shapes, sizes, and textures.
Rapid urbanization,
industrialization, and increasing per capita income, particularly in developing
countries, including India, China, Brazil, and Russia, have resulted in
increased construction activities in residential, commercial and industrial
sectors, thus, accelerating the demand for high-quality flooring products such
as ceramic tiles.
Availability of substitutes and
fluctuating price of raw materials may hamper the growth of the market in the
forecast period.
Further key findings from
the report suggest
- By product type, glazed ceramic tiles are forecasted
to grow at the fastest rate of 7.3% in the forecast period. Glazed ceramic
tiles provide an additional protective layer that offers them better
resistance from stain, water absorption, and frost resistance. These
ceramic tiles do not draw dust or dust mites and are resistant to harsh
chemicals, which gives them better longevity.
- By construction type, the new construction types
contributed to a larger market share in 2018 and are likely to grow at a
significant rate in the forecast period attributed to the high growth of
new construction activities especially in the developing countries in the
Asia Pacific region.
- By application, flooring tiles held the largest
market share with a revenue generation of USD 28.01 Billion in 2018 and is
projected to witness a growth rate of 6.6% in the period 2019-2026.
- By end-user, the non-residential segment held a
market share of around 55.0% in 2018 and is likely to have a growth rate
of 6.7% in the forecast period.
- The market in the Asia Pacific region dominated the
market in 2018 and is expected to grow at a rate of 7.2% in the forecast
period. The market dominance of the Asia Pacific region is because of the
occurrence of a high volume of construction activities along with strong
growth in the economy and a vast population.
- The market in Europe is forecasted to experience a
growth rate of 6.3% during the forecast period.
- Key participants include Atlas Concorde, Mohawk
Industries, Crossville Inc., RAK Ceramics, Saloni Ceramica, Florida Tile,
NITCO Tiles, Kajaria Ceramics, China Ceramics Co. Ltd., and Johnson Tiles,
among others.
To identify the key trends in
the industry, click on the link below:
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