Ceramic Tiles Market to Exhibit Promising Growth Due to High Demand from Construction Sector
Ceramic tiles are among the most common types of tiles, and they are utilized in building and construction projects all over the world. Ceramic tiles are stylish, long-lasting, and versatile. They are gaining popularity for aesthetics of home’s décor. The appealing look of ceramic tiles is a crucial component in increasing their demand in the building and construction industry and propelling the ceramic tiles market.
Ceramic tiles are multifunctional objects that have found use in a variety of topographies and end-use industries. There are a few driving factors for the ceramic tiles market’s growth all over the world. The most visible is perhaps the substantial construction activities driven by the growing demand for housing. Moreover, rapid urbanization and growing disposable incomes are also contributing significantly to market dynamics in developing countries, such as those in the Middle East and Asia Pacific.
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Key Players to Maintain Solid Position in Respective Regions
The global ceramic tiles market has a large number of players. The majority of the players hold solid positions in their respective regions. Key players active in the global ceramic tiles market are Mohawk Industries, Inc. Mohawk Industries, Inc., Ras Al Khaimah (RAK) Ceramics, Siam Cement Group, Grupo Lamosa, Kajaria Ceramics, Johnson Tiles, China Ceramics Co. Ltd., Panariagroup Industrie Ceramiche S.p.A., Gruppo Concorde S.p.A, LASSELSBERGER GmbH, and Kale Group.
Increasing Availability of Various Types of Ceramic Tiles to Push Ceramic Tiles Market Ahead
The rapidly expanding global retail business is witnessing the passing of a massive number of retail sites, which include supermarkets, hypermarkets, and strength stores. Due to stressful lifestyles and busy schedules, customers are increasingly valuing accommodation and comfort; as a result, large retail businesses are concentrating on stocking various types of ceramic tiles under one roof to provide buyers with more options.
Ceramic tiles are also available in retail outlets dedicated for interior design items. The relevance of coordinated retailers offering branded ceramic items and other home furnishing products has grown in tandem with the growing brand awareness among customers.
Coordinated supplier-retailer framework enables customers to gather data on several brands and examine the price, quality, and essential things before making a purchase decision. As a result, the growth of the retailing sector is predicted to have a significant impact on the global ceramic tiles market in the coming years.
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Floor Tiles to Remain Dominant Product Type
The ceramic tiles market has been divided into three categories based on product: floor tiles, wall tiles, and others. Floor tiles are the most often used, followed by wall tiles. Floor tiles accounted for nearly half of all product sales in 2018 and are predicted to be a major product category in the ceramic tiles market during 2019 – 2027 (forecast period). Since the floor takes up more area during construction activities, it necessitates a high number of tiles. Ceramic floor tiles are also often used in shower and toilet floors due to their ability to withstand stains, odors, allergens, and bacteria. Between 2019 and 2027, ceramic floor tiles are expected to increase at more than 9.0% CAGR.
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Asia Pacific to Spearhead Ceramic Tiles Market Due to Massive Growth in Construction Activities
In 2018, Asia Pacific held a market share of more than 60%. It is expected to be the leading region in the global ceramic tiles market from 2019 to 2027 (forecast period). In terms of revenue and volume, Asia Pacific accounts for a sizable market share of the global ceramic tiles market. Increasing disposable incomes and growing construction projects in Asia Pacific fuel the regional ceramic tiles market. Due to the presence of robust construction industry in the region, China maintained a significant share of the regional ceramic tiles market in 2018. China, India, Vietnam, and Indonesia are prominent markets
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