The global large format ceramic panel market exhibited strong growth during 2014-2019. The popularity of large format ceramic tiles has been increasing across the globe driven by their numerous advantages. These panels offer high tensile strength, cost-effectiveness, better durability, and improved aesthetic value. Furthermore, large format ceramic panels also provide high resistance against frost, UV, fire, water, etc. These ceramic panels have gained popularity due to their wide availability in various designs and patterns. The large format ceramic panels are used extensively in countertops, benchtops, flooring, wall cladding, etc.
The large format ceramic panel market is primarily driven by the introduction of seamless ceramic tiles in the construction sector. Additionally, the rising adoption of ceramic flooring due to its superior durability and chemical/stain resistance properties is further fueling the product demand. The rapid development of commercial spaces, retail facilities, and hospitality centers is also augmenting the use of large format ceramic panels. The growing inclination towards aesthetically appealing countertops and exterior wall cladding is also fueling the product demand. Moreover, the introduction of a broad product range in various colors, patterns, textures, sizes, etc., catering to diverse consumer preferences is also catalyzing the product demand. Rising urbanization coupled with the increasing construction of modern housing projects is also driving the market for large format ceramic tiles. Furthermore, the growing number of smart and green residential buildings is also catalyzing the product demand, particularly in developed regions. The market is also driven by the increasing adoption of these ceramic panels in the healthcare sector based on their antimicrobial, anti-slip, and water-resistant benefits.
The outbreak of the COVID-19 pandemic in early 2020, however, has negatively impacted the growth of the large format ceramic panel market. The pandemic resulted in lockdowns across the globe which led to supply chain disruptions and a temporary ban on construction activities across the globe. Looking forward, IMARC Group expects the global large format ceramic panel market to recover from 2021 onwards and exhibit strong growth during 2021-2025.
IMARC Group provides an analysis of the key trends in each sub-segment of the global large format ceramic panel market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, application, thickness and construction type.
Breakup by Application:
Breakup by Thickness:
Breakup by Construction Type:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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.
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