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Fireclay Tiles Market size will experience a dynamic growth between 2023 and 2032 on account of promising opportunities in modern construction space. Owing to their functional and aesthetic benefits, these tiles are being growingly used in commercial and residential construction applications. Moreover, they have gained widespread traction among homeowners as an aesthetically pleasing, durable, stylish, and eco-friendly alternative for home interior design.
Furthermore, these tiles are made using a wide range of refractory clays called fireclays which are used in manufacturing ceramic ware, tiles, and firebricks. Owing to their long-lasting characteristic, ease of installation and customization, and low maintenance, they are increasingly preferred by homeowners. In addition, they demonstrate superior resistance to weather and fire, to enhance the durability of buildings.
They are made using natural, recyclable, material, which makes them environmental-friendly option. Growing requirement for recyclable and eco-friendly construction materials is anticipated to favor their adoption.
The Russia-Ukraine war had a negative impact on fireclay tiles market on account of supply chain disruptions. Both countries are significant producers of quartz, an important raw material for manufacturing fireclay tiles. However, geopolitical tensions created by the war hindered international trade, which also affected the production of fireclay tiles. The growing support by governments across the globe towards ending the conflict is anticipated to bring some recovery to industry.
On the regional front, Asia Pacific fireclay tiles market is expected to emerge as a major hub for major industry players, as the requirement for sustainable and durable infrastructure brings new investments in construction space. rising economic development in emerging economies attributed to surging investments in infrastructure is likely to create strong impetus for industry growth.
As per the Asian Development Bank, emerging nations in the region will be required to invest more than USD 1.7 trillion annually through 2030 to mitigate climate change while maintaining the growth momentum. Consequently, commercial and residential expansion in forthcoming years to cater to growing demand for affordable housing and commercial spaces is poised to hasten fireclay tiles industry growth.
The list of prominent fireclay tiles market players includes Porcelanosa Grupo, Mulia Industrindo, RAK Ceramics, Gruppo Ceramiche Ricchetti, and Atlas Concorde, among others. Many of these firms are focusing on mergers and acquisition strategies to enhance their industry position.