Ceramic Tiles Market Size By Product (Floor Tiles, Wall Tiles), By Application (Residential Replacement, Commercial, New Residential), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2013 – 2024
Published Date: September 2016 | 120 Pages | Report ID: GMI778 Report Format: PDF
Ceramic Tiles Market size was USD 76.80 billion in 2015, and is anticipated to grow at a CAGR of 9.8%.
U.S Ceramic Tiles Market share, by application, 2013-2024 (USD Million)
Global ceramic tiles market size is positively influenced by increasing construction expenditure across the globe. Construction sector is witnessing escalating growth particularly in the Asia Pacific countries including China, India and Japan. In 2015, China was the largest industry contributor with construction spending more than USD 1.7 trillion. Ceramic tiles are a few of the important materials that are consumed in bulk by their single largest end-user i.e. the construction industry. Hence, positive growth outlook for the construction market in Asia Pacific is estimated to propel the ceramic tiles market in the next few years. Other Key factors driving product demand in Asia Pacific include rise in disposable income of consumers, dense population, increase in government initiatives for infrastructure development and collaboration with foreign investors.
Growing flooring market will consequently drive ceramic tiles market size over the forecast timeframe. Flooring is an integral part of residential and commercial construction structures. It holds significant applications ranging from residential houses and commercial institutions such as hospitals to transport infrastructure such as airports and railways. Tiles, especially ceramic tiles, is one of the widely used products in flooring applications. In 2015, Europe flooring market size was approximately 3 billion square meters.
Feldspar, kaolin, bentonite and silica sand are major raw materials used in product processing. Raw materials prices have been increasing post the 2008 economic downturn. For instance, in 2013, Feldspar price was roughly USD 190 per ton. High consumption of these raw materials in other end-user applications (especially glass, thermal & electrical insulation, paints, refractories and food packaging) has influenced ceramic tiles market price trends, which may adversely affect demand.
Furthermore, various processes used in the ceramic tiles and sanitary ware processing which results in dust formation and emissions of particulate matter and greenhouse gases, which in turn may hamper ceramic tiles market size by 2024. Particulate matter and greenhouse gases are emitted mainly during drying, firing and machining operations in the course of manufacturing ceramic tiles. However, upcoming residential & nonresidential construction projects in Brazil and GCC is forecast to upsurge demand over the forecast timeframe.
Ceramic Tiles Market, By Product
Floor ceramic tiles market share generated revenue more than USD 39 billion in 2015. The segment is estimated to expand at the fastest CAGR in the near future owing to upcoming constructional activities across the globe. Superior ceramic floor tiles properties such as high durability and good thermal & shock resistance compared to hardwood will have a positively impact the industry growth over the forecast timeframe. Furthermore, installation and replacement ease are some of the other properties due to which they are extensively used.
Ceramic wall tiles are projected to witness gains more than 9.5% CAGR by 2024. These are available in several colors and are resistant to sunlight, which helps the tiles to retain their color without fading for a long period of time and makes them preferred to find application in walls. In addition, they are widely preferred in kitchens, as these are easy to clean and makes the kitchen more attractive. Increasing awareness about covering the walls with tiles is likely to boost ceramic tiles market size.
Ceramic Tiles Market, By Application
Residential ceramic tiles market share for replacement was valued at over USD 36 billion in 2015. Increasing renovation spending to enhance floor and wall appearance will be the key factor propelling industry growth for residential replacement applications by 2024.
Commercial will experience 9.8% growth over the forecast timeframe. Increasing product demand to provide esthetic look in commercial buildings such as shopping malls, airport and workplaces will drive ceramic tiles market size for commercial application over the forecast timeframe.
Ceramic Tiles Market, By Region
North America, led by the U.S. ceramic tiles market size was valued more than USD 1.4 billion in 2015. The regional growth is primarily propelled by increasing remodeling practice along with upcoming building construction including offices, sports courts and other commercial construction. However, stringent government regulations regarding carbon emissions during the production might hamper industry growth by 2024.
Asia Pacific is projected to witness highest gains of around 10%. Increasing construction spending in Japan, India and South Korea will drive ceramic tiles market share in the region. In addition, drift toward marble floors, replacing paints, metal slabs and other home decorative products with ceramic tiles will further boost regional growth by 2024.
Competitive Market share
Ceramic tiles market share is considerably fragmented. Mohawk Industries, Siam Cement Group, Ras Al Khaimah Ceramics, Lamosa Grupo and Kajaria Ceramics are prominent industry players. Other significant industry participants are Crossville, Florida Tile, China Ceramics Co., Ltd. and Ceramiche Atlas Concorde S.P.A.
Ras Al Khaimah Ceramics, Kajaria Ceramics Limited and Mohawk Industries are some of the major manufacturers of floor tiles, while Ceramiche Atlas Concorde S.P.A, Saloni Ceramica, and China Ceramics Co., Ltd. manufacture and distribute wall tiles.
Ceramic Tiles Industry Background
Global ceramic tiles industry is forecast to be fueled by the rising demand for these tiles, especially in the construction industry in Asia Pacific. Product demand is likely to be the largest in the region during the forecast timeframe, owing to the various socio-economic factors such as increasing population, government initiatives for infrastructure & housing development and significant foreign investments.
High wearing resistance, low maintenance, better moisture resistance and good esthetics are some of the product attributes which makes them desirable to find application in construction. However, stringent environmental regulations and increasing raw materials prices may hamper ceramic tiles market size by 2024.
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