Ceramic Tiles Market Size By Product (Floor Tiles, Wall Tiles), By Usage (Repairs & Renovation, New Construction), By End-user (Residential, Commercial, Institutional), Regional Outlook, End-user Potential, Competitive Market Share & Forecast, 2021 - 2027

Industry Trend

Ceramic Tiles Market size exceeded USD 91.94 billion in 2020 and is projected to expand at over 5.6% CAGR from 2021 to 2027. Increasing urbanization, industrialization, and disposable income in developing economies are estimated to have a positive impact on the industry growth. Further, growing construction of housing spaces, shopping malls, offices, and other service spaces globally is expected to increase the demand.
 

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Technological advancements are changing the industry dynamics by introducing high-quality and improved products. Inkjet printing technology has been introduced by ceramics manufacturers to procure aesthetic tiles for consumers. However, the prevalence of strict environmental regulations coupled with rising raw material prices will hamper the global market expansion.
 

Floor tiles will showcase a fast-paced growth

Floor tiles will hold a major market share and are anticipated to generate a revenue of around USD 100 billion by 2027. Superior ceramic floor tile properties, such as high durability and good thermal & shock resistance compared to hardwood, will have a positively impact on the industry growth. Furthermore, the ease of installation and replacement is another property due to which they are extensively used.
 

Based on usage, the new construction segment is predicted to account for more than USD 98 billion revenue by 2027 owing to the growing construction business in the Asia Pacific region. This will result in exponential demand for ceramic tiles in institutional and residential construction projects as well as the growth of commercial construction in some parts of America, positively impacting the ceramic tiles market revenue. For instance, China has invested USD 13 billion in the construction of Daxing International Airport in Beijing, which can handle at least 80 million passengers every year.
 

Residential sector to showcase significant demand

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The residential sector is poised to capture nearly USD 73 billion revenue by 2027. The increase in infrastructure spending along with the demand for improved appearance of walls and floors is set to drive the segment growth. It is estimated that the increase in renovation activities will increase the product demand in the residential segment. Consumers, especially in European countries, are spending heavily to enhance the appearance of walls and floors.
 

COVID-19 pandemic has hampered the ceramic tiles demand in several regions such as North and Latin America. Nationwide lockdowns imposed in the countries such as U.S., Brazil, Canada, etc. had reduced the production of ceramic tiles. Most commercial and residential projects were also suspended for long time.
 

Asia Pacific to be the foremost regional market

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Asia Pacific ceramic tiles market is forecast to register a growth rate of about 5.7% through 2027. The strong demand for products from both non-residential and residential construction segments in emerging Asia Pacific economies is fueling the industry revenue. The construction industry in the region is anticipated to grow propelled by rising population, rapid urbanization, and increasing per capita income.
 

Latin America is set to surpass USD 8 billion by 2027. Majorly new residential construction activities will augment the regional market growth. Rising business confidence, increased consumption, and stronger exports are projected to spur the new construction.
 

The ceramic tiles market is highly fragmented with five to seven large companies holding less than 20% share. Some of the main industry contributors are Ras Al Khaimah Ceramics, Mohawk Industries, Group Kajaria Ceramics, Siam Cement and Lamosa Grupo. Other prominent players in the industry include Florida Tile, Crossville Inc., China Ceramics, and Ceramiche Atlas Concorde.
 

The ecosystem of the sector represents a high degree of early integration of producers. Companies such as Kajaria Ceramics Ltd and Mohawk Industries Inc. have integrated their business operations forward; these participants distribute products through specialized channels all over the world.
 

This market research report on ceramic tiles includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meters and revenue in USD million from 2017 to 2027 for the following segments:

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Market, By Product

• Floor Tiles
• Wall Tiles
• Other Tiles

Market, By Usage

• Repairs & Renovation
• New Construction

Market, By End-user

• Residential
• Commercial
• Institutional

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE