Ceramic Tiles Market Trends

  • Report ID: 4504
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Ceramic Tiles Market Trends

Growth Drivers

  • Growth in Middle Income of Burgeoning Population – Along with the rapid multiplication of population the income level has also been increased consecutively. As a result, people has been adopting ceramic tiles for their infrastructures owing to its advantages such as aesthetic looks, stunning finishes and increased durability. According to World Bank, the total population with middle income in the world rose from 5.51 Billion in 2015 to 5.86 Billion in 2021.
  • Expansion of Real Estate Sector – As per recent estimates, the revenue of real estate companies worldwide stood at USD 9.5 billion in 2021.
  • Increased Commercial Building Construction – The data released by Commercial Buildings Energy Consumption Survey (CBECS), estimated that there were approximately 5.9 million U.S. commercial buildings in 2018. Further, the number of commercial buildings increased by 6% since the CBECS was last conducted in 2012.
  • Rapid Construction of Buildings Across the World – As per data in 2020, there were 350,000 industrial buildings and 240,000 military building in the United States.

Challenges

  • Stringent Environmental Policies
  • Long Production Cycles
  • Constant Fluctuation in Prices of Raw Materials

Ceramic Tiles Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.9%

Base Year Market Size (2024)

USD 114.68 billion

Forecast Year Market Size (2037)

USD 272.06 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 4504
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ceramic tiles is estimated at USD 121.01 billion.

The ceramic tiles market size was over USD 114.68 billion in 2024 and is projected to cross USD 272.06 billion by the end of 2037, growing at more than 6.9% CAGR during the forecast period i.e., between 2025-2037. The expansion of construction industry and rise in construction of commercial, private and residential buildings will impel the market growth.

North America industry is anticipated to dominate largest revenue share by 2037, backed by rapid expansion of construction industry along with increase the sales of ceramic tales in the region.

The major players in the market include Crossville, Inc, .AZIZI Developments, Mohawk Industries, Inc., Siam Cement Public Company Limited, GRUPO LAMOSA, Grupo Cedasa, RAK Ceramics PJSC, Vitromex USA, Inc., Kajaria Ceramics Limited, Cersanit S.A.
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