Global Large Format Ceramic Panel Market to Grow at 5.09% During 2024-2032, Impelled by the Significant Growth in the Construction Industry

April 06, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "Large Format Ceramic Panel Market Report by Application (Countertop, Exterior Wall Cladding, Flooring, Interior Wall), Thickness (<3mm, 3mm-9mm, 9.1mm-12mm, >12mm), Construction Type (New Construction, Replacement and Renovation), and Region 2024-2032," the global large format ceramic panel market is expected to grow at a CAGR of 5.09% during 2024-2032. A large-format ceramic panel refers to a craftily designed and naturally occurring product that is composed of ceramic stone. It is made using the newest ceramic technologies and is commercially available in various thicknesses, widths, and weights. A large-format ceramic panel exhibits various properties, such as flexural strength, frost, fire, and ultraviolet resistance. It is widely used in benchtops, flooring, countertops and wall cladding to help improve the aesthetic value of a space. It also assists in providing better durability, high tensile strength, perfect flatness, cost-effectiveness, versatility, quail installation and excellent physical and mechanical properties. As a result, large-format ceramic panels are widely used in renovations, interior design and architecture applications.

Global Large Format Ceramic Panel Market Trends:

Significant growth in the construction industry across the globe is creating a positive outlook for the market. Large format ceramic panels are widely used due to the introduction of seamless ceramic tiles used in countertops, flooring, and vanity tops in commercial spaces and retail facilities. In line with this, the widespread product adoption due to its superior durability, versatility, finishing and chemical and stain resistance properties are further augmenting the market growth. Apart from this, key players are introducing a broad product range in various colors, patterns, textures and sizes that cater to diverse consumer preferences, which is providing an impetus to the market growth. Additionally, the increasing utilization of large format ceramic panel across the healthcare industry due to its numerous benefits, such as antimicrobial, anti-slip, and water resistance, is positively impacting the market growth. Other factors, including the rising inclination toward aesthetically appealing renovations, rapid urbanization, and increasing expenditure capacities of consumers, particularly in emerging economies, are anticipated to drive the market toward growth.

Market Summary:

  • On the basis of the application, the market has been classified into countertop, exterior wall cladding, flooring, and interior wall. Amongst these, interior wall dominates the market.
  • Based on the thickness, the market has been divided into <3mm, 3mm-9mm, 9.1mm–12mm, and >12mm. Currently, 3mm-9mm hold the largest market share.
  • On the basis of the construction type, the market is dominated by new construction.
  • Based on region, the market has been categorized into Europe (Germany, France, the United Kingdom, Italy, Spain, and Others), North America (the United States and Canada), Asia-Pacific (China, Japan, India, Australia, and Others), Latin America (Brazil, Mexico and Others), Middle East and Africa (SaudiArabia, SouthAfrica, Turkey and United ArabEmirates). Presently, North America holds the largest market share.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include ABK Group, Adila Ceramic Pvt. Ltd., Azulev Group, Elemex, Inc., Florim Ceramiche S.p.A., GranitiFiandre S.p.A., Laminam S.p.A., Levantina y Asociados de Minerales, S.A., Neolith, and RAK Ceramics PJSC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Application, Thickness, Construction Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered Germany, United Kingdom, Italy, Spain, France, United States, Canada, China, Japan, India, Australia, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Brazil, Mexico
Companies Covered ABK Group, Adila Ceramic Pvt. Ltd., Azulev Group, Elemex, Inc., Florim Ceramiche S.p.A., GranitiFiandre S.p.A., Laminam S.p.A., Levantina y Asociados de Minerales, S.A., Neolith and RAK Ceramics PJSC
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Large Format Ceramic Panel Market to Grow at 5.09% During 2024-2032, Impelled by the Significant Growth in the Construction Industry
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