Global Ceramic Tiles Market Size, Share, Growth, Analysis Forecast to 2027
Market Research Future (MRFR) predicts the global ceramic tiles market to grow at a significant pace from 2020 to 2027 (forecast period).
Numerous Factors to Boost Market Growth
A tile is a man-made substance that is typically used to cover floors, roofs, walls, showers, and other objects. Ceramic, metal, stone, and glass are all used to make tiles. Ceramic tiles are created from sand, clay, and natural materials. These tiles are made by shaping raw materials into desired shapes and then heating them at high temperatures in a kiln. The increased consumption of ceramic tiles in residential structures, hospitals, and laboratories, among other places, can be due to their endurance and low cost. During the projected period, the market is likely to benefit from rising industrialization and urbanization in developing countries around the world. During the forecast period, the worldwide ceramic tiles market is expected to rise at an attractive CAGR. Furthermore, increased investment in infrastructure development around the world is likely to have a beneficial impact on market growth. Furthermore, low maintenance and great durability are factors driving market expansion.
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Market Segmentation
The worldwide ceramic tiles market has been segmented into the product, raw material, and application.
On the basis of raw material, the global ceramic tiles market has been segmented into feldspar, kaolin, bentonite, silica sand, and others.
On the basis of the product, the global ceramic tiles market has been segmented into wall ceramic tiles, floor ceramic tiles, and others.
On the basis of the application, the global ceramic tiles market has been segmented into commercial, residential, and others.
Regional Analysis
APAC to Dominate the Global Market
Asia Pacific accounts for a significant portion of the market and is predicted to be a dominant market with a promising CAGR over the forecast period. The fast rise of industry and urbanization is fueling the growth of ceramic tiles in Asia Pacific developing countries. Furthermore, the region's encouraging government regulation, such as tax breaks and incentives, has enticed numerous industry players to enter the lucrative Asia Pacific market, which is fueling market expansion. Furthermore, the presence of the world's most populous countries, such as China and India, has boosted the building and construction business, which is increasing the demand for ceramic tiles in the oil and gas industry. China, India, and Japan are the region's top ceramic tile buyers.
Key Players
Some of the prominent players operating in the global ceramic tiles market are The Siam Cement Public Company Limited (Thailand), Mohawk Industries Inc (U.S.)., Kajaria Ceramics (India), Roca Sanitario, S.A (Spain)., RAK Ceramics (Arab Emirates), Lamosa (Mexico), Panariagroup Industrie Ceramiche S.p.An (Italy), Guangdong Dongpeng Ceramic Co., Ltd (China)., Gruppo Concorde (Italy), and Pamesa Ceramica (Spain).
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