According to IMARC Group’s latest report, titled “Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 75.4 Billion in 2021. Ceramic tiles refer to the slabs that are produced from naturally occurring minerals, such as clay, silica sand, feldspar, dolomite, etc. These panels offer high tensile strength, cost-effectiveness, better durability, and improved aesthetic value. Furthermore, ceramic panels also provide high resistance against frost, UV, fire, water, etc. These ceramic panels have gained high prominence due to their wide availability in various designs and patterns. They are extensively used in countertops, benchtops, flooring, wall cladding, etc.
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The rising demand for ceramic tiles due to their lightweight, perfect flatness, and excellent mechanical properties, is primarily bolstering the market growth. Besides this, growing number of construction activities for commercial spaces, shopping malls, hospitality centers, etc., has also augmented the use of ceramic panels. Additionally, improving consumer living standards have increased the per capita expenditures on high-end construction materials, such as ceramic panels. Moreover, the rising adoption of ceramic flooring due to its superior durability and chemical/stain resistance properties is also fueling the product demand across several industry verticals. Furthermore, based on the antibacterial, anti-slip, and water-resistant benefits of ceramic panels, they are widely utilized in the healthcare sector. Looking forward, IMARC Group expects the ceramic tiles market to reach US$ 107.3 Billion by 2027, exhibiting at a CAGR of 5.9% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Mohawk Industries Inc.
- Siam Cement Group Public Company Limited
- Grupo Lamosa
- RAK Ceramics P.J.S.C
- Ceramica Carmelo For Ltda
Breakup by Type:
- Floor Tiles
- Wall Tiles
Breakup by Application:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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