Fireclay Tiles Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI806
Fireclay Tiles Market is set to garner appreciable gains over 2021-2027 with promising opportunities in modern construction. These tiles, owing to various aesthetic and functional benefits, are being increasingly used in residential and commercial construction. Fireclay tiles have gained enormous popularity among homeowners as a durable, stylish, aesthetically pleasing, and environmentally friendly option for home interior design.
Fireclay tiles are produced from a range of refractory clays called fireclays which are used in the production of tiles, firebricks, and ceramic ware. These tiles are widely preferred by homeowners today as they are long lasting, easy to install and customize, and require fairly low maintenance. Additionally, they are fire and weather resistant, which helps make buildings more durable.
Since fireclay tiles are made of natural materials, they can be recycled easily, making them highly eco-friendly. The need for sustainable, recyclable construction materials will certainly boost the product adoption, positively influencing the fireclay tiles market trends over the next few years.
Geographically, the Asia Pacific region is expected to be a promising market for fireclay tiles manufacturers, as the need for durable and sustainable infrastructure drives new investments in the construction sector. Infrastructure spending has been a key driver for economic development in Asia Pacific countries.
To maintain the current growth momentum while mitigating climate change, developing countries in the Asia Pacific will need to spend over US$1.7 trillion per year through 2030, according to the Asian Development Bank. Consequently, residential and commercial expansion in the coming years to meet the demand for affordable housing and commercial spaces will augment thefireclay tiles market share.
Fireclay Tile Inc., RAK Ceramics, Porcelanosa Grupo, Gruppo Ceramiche Ricchetti, Crossville Inc. (Curran Group, Inc.), Mulia Industrindo, Atlas Concorde, and Mohawk Industries are among the major manufacturers of fireclay tiles globally.
With the increasing market demand and growing market opportunities, these companies are focusing on expanding their geographical reach into new markets in order to stay ahead of the competition.
In July 2020, RAK Ceramics PJSC had announced that UAE’s federal export credit firm Etihad Credit Insurance (ECI) will be providing the company with export credit protection to support its global expansion strategy. ECI’s coverage will help boost the competitiveness of RAK Ceramics in the global fireclay tiles market and cement its position in line with its growth plans.
Impact of COVID-19 pandemic on fireclay tiles industry trends
The year 2020 was a difficult year for the construction business as infrastructure development across the world slowed down considerably due to the outbreak and rapid spread of the COVID-19 pandemic. The pandemic led to a major crisis worldwide with widespread disruption of logistics and supply chains, resulting in massive shortages of raw materials.
In many parts of the world, builders were forced to postpone new construction projects and temporarily shut down ongoing construction activities. Companies manufacturing construction materials, including fireclay tiles, had been forced to halt manufacturing activities temporarily as only industries providing essential services were allowed to operate.
Due to social restrictions and lockdown policies introduced by respective governments, many countries witnessed a decline in home interior renovation and refurbishment activities. However, despite the disruptive impacts of the COVID-19 pandemic, the fireclay tiles market is well set for a recovery in the forthcoming years, as construction projects gather momentum and infrastructure spending increases.
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