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Ceramic Tiles Market to Display CAGR of 5.2% by 2028; Kajaria Ceramics Limited Launches Fancy Display Center is Set to Lure in Growth Factors

January 04, 2022 | Chemicals & Materials

The global ceramic tiles market size was USD 50.84 billion in 2020. The market is projected to grow from USD 54.41 billion in 2021 to USD 77.82 billion in 2028 at a CAGR of 5.2% during the 2021-2028 period.


This information is provided by Fortune Business Insights™, in its report, titled, “Ceramic Tiles Market Size, Share & COVID-19 Impact Analysis, By Application Area (Floor, Walls, Others), By End-Use (Residential, Non-Residential), and Regional Forecast, 2021-2028.”


The preference for ceramic tiles during the restoration and reorganization of houses, shops, malls, as well as other structures is augmenting the market globally. Furthermore, aspects such as increasing population and the growing disposable income of population are sustaining market growth.


COVID-19 Impact


Influence of COVID-19 Pandemic to Hamper Market Growth


The coronavirus outbreak has negated productivity all over the globe, and impacted numerous countries around the globe. The stagnant nature of industrial units has resulted in a worsening of the production rate. This has deteriorated accessibility for ceramic tiles worldwide. Lockdowns, provisional shutdown of non-essential industries, and deteriorating demand from customers has led to recession, and reflected substantial influence on the market.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377


RAK Ceramics Renovates its Manufacturing Unit to Accelerate Production


To capitalize on the trend of bigger sized ceramic tiles, RAK Ceramics upgraded its unit to boost production and satisfy the increasing market demand. Novel machines were presented to further expand and upgrade its production line. This novel investment is a part of the company’s obligation towards invention and to offer the finest quality tiles in the market.


The induction was directed by RAK Ceramics Group CEO Mr. Addallah Massaaad and assisted by his Senior Management Team.


Rising Population and Urbanization to Boost Market Demand


The population has been rising suddenly for the last few years. The governments of several nations are linking with private firms to improve the infrastructure of the residential sector to offer housing to the surging population. The commencement of the construction of smart cities has also augmented the demand.


Competitive Landscape


Crucial Players to Boost their Market Position across Diverse Regions


Key companies are financing substantial sums into ceramic tiles. The companies in the market are concentrating on adding an assortment of shapes, sizes, designs, and styles to refine its graphical appeal.


At present, the global market is fragmented owing to the incidence of several players. The dominance of crucial players is reliant on the production capacity, brand recognition, product offerings, as well as groundbreaking strategic collaborations and acquisitions.


Industry Development



  • August 2021: Kajaria Ceramics Limited unveiled a novel display center for polished vitrified tiles in Chennai, India. This is set to aid company proficiently attend its customers.


List of Key Players Covered in this Market Report



  • MOHAWK INDUSTRIES INC. (U.S.)

  • SCG CERAMICS (Thailand)

  • Grupo Lamosa (Mexico)

  • Grupo Cedasa (Brazil)

  • RAK CERAMICS (UAE)

  • Cerâmica Carmelo Fior (Brazil)

  • PAMESA CERÁMICA SL (Spain)

  • Kajaria Ceramics Limited (India)

  • STN Cerámica (Spain)

  • Dynasty Ceramic Public Company Limited (Thailand)

  • Cersanit Group (Poland)

  • Somany Ceramics (India)

  • PT Arwana Citramulia Tbk (Indonesia)

  • Vitromex USA, Inc. (U.S.)

  • Kale Group (India)

  • LASSELSBERGER Group (Austria)

  • Elizabeth Group (U.S.)

  • Grupo Celima Trebol (Peru)

  • White Horse Ceramic (Malaysia)

  • Ceramic Industries Group (South Africa)


Further Findings


The market size in Asia Pacific worth of USD 22.47 billion in 2020. Asia Pacific held maximum ceramic tiles market share and is the biggest manufacturer and customer of ceramic-based tiles, displays indications of appearing as a dominant region during the forecast period.


On the basis of application, the market is categorized into floor, walls, and others. Among these, the floor segment accounts for the maximum market share.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



  2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion); Volume (Billion Sq. Meters)



Segmentation



By Application Area, By End-Use, By Geography



By Application Area




  • Wall

  • Floor

  • Others



By End-Use




  • Residential

  • Non-Residential



By Geography




  • North America (By Application Area, By End-Use, By Country)

    • U.S. (By Application Area)

    • Mexico (By Application Area)

    • Canada (By Application Area)



  • Europe (By Application Area, By End-Use, By Country)

    • Germany (By Application Area)

    • France (By Application Area)

    • U.K. (By Application Area)

    • Italy (By Application Area)

    • Spain (By Application Area)

    • Russia (By Application Area)

    • Rest of Europe (By Application Area)



  • Asia Pacific (By Application Area, By End-Use, By Country)

    • China (By Application Area)

    • India (By Application Area)

    • Vietnam (By Application Area)

    • Indonesia (By Application Area)

    • Philippines (By Application Area)

    • South Korea (By Application Area)

    • Thailand (By Application Area)

    • Rest of Asia Pacific (By Application Area)



  • South America (By Application Area, By End-Use, By Country)

    • Brazil (By Application Area)

    • Argentina (By Application Area)

    • Rest of South America (By Application Area)



  • Middle East & Africa (By Application Area, By End-Use, By Country)

    • Egypt (By Application Area)

    • Turkey (By Application Area)

    • Iran (By Application Area)

    • Saudi Arabia (By Application Area)

    • Iraq (By Application Area)

    • Israel (By Application Area)

    • UAE (By Application Area)

    • Rest of Middle East & Africa (By Application Area)





 

Ceramic Tiles Market
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