The global ceramic tiles market was worth around US$ 70.9 Billion in 2018, representing a CAGR of 9.1% during 2011-2018. The market is further projected to cross US$ 107.2 Billion by 2024, exhibiting a CAGR of 7.2% during 2019-2024. Ceramic tiles are thin slabs predominantly made of naturally occurring minerals like clay, silica sand, feldspar and dolomite. Compared to their counterparts, ceramic tiles are durable, provide substantial resistance to high temperature and can withstand exposure to caustic or acidic chemicals. Apart from this, owing to their lightweight, anti-skid and anti-bacterial properties, these tiles are preferred for use in hospitals, hotels, laboratories and pharmaceutical manufacturing facilities where hygiene is of prime importance. Further, due to their aesthetic appearance and availability of different product variants, ceramic tiles have emerged as a good alternative to hardwood and other flooring products like marble, concrete, etc.
Global Ceramic Tiles Market Drivers:
Breakup by Product Type:
On the basis of product type, ceramic floor tiles dominate the market, accounting for more than a half of the total market. These tiles find applications in the residential and institutional sectors on account of their low cost, ease-of-use, and availability in varied shapes and sizes. Ceramic floor tiles are followed by wall tiles and others.
Breakup by Application:
On the basis of application, residential sector represents the leading segment, holding the majority of the global market. Owing to the low cost and aesthetic appearance of the ceramic tiles, they are majorly utilized in apartments, high-rise buildings and individual houses. Other major segments include commercial applications and replacements.
On a geographical front, China is the largest producer, consumer and exporter of ceramic tiles. This can be attributed to the wide availability of raw materials and low labor costs in the region. China is followed by Brazil, India, Vietnam and Indonesia.
The market is fragmented with the presence of a large number of unorganized manufacturers. Some of the biggest players operating in the market are:
This report provides a deep insight into the global ceramic tiles industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a ceramic tile manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ceramic tiles industry in any manner.
Key Questions Answered in This Report:
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