The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global large format ceramic panel market is expected to exhibit a CAGR of 11.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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 2021, 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.
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 and regional level from 2022-2027. Our report has categorized the market based on 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.
|Base Year of the Analysis||2021|
|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$ 2499
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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)|
The global large format ceramic panel market was valued at US$ 85.77 Billion in 2021.
We expect the global large format ceramic panel market to exhibit a CAGR of 11.3% during 2022-
The continuous development of commercial spaces, retail facilities, and hospitality centers, coupled
with the growing availability of large format ceramic panels in various designs and patterns, is
primarily driving the global large format ceramic panel market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary halt in numerous construction
activities, thereby negatively impacting the demand for large format ceramic panels.
Based on the application, the global large format ceramic panel market can be categorized into
countertop, exterior wall cladding, flooring, and interior wall. Currently, interior wall exhibits clear
dominance in the market.
Based on the thickness, the global large format ceramic panel market has been segmented into
<3mm, 3mm-9mm, 9.1mm–12mm, and >12mm. Among these, 3mm-9mm thickness represents the
largest market share.
Based on the construction type, the global large format ceramic panel market can be bifurcated into
new construction and replacement and renovation. Currently, new construction accounts for the
majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global large format ceramic panel market 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.
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