Global Ceramic Tile Markets, 2016-2020 and 2021-2026 by Construction (New, Replacement & Renovation), End User (Residential & Non-Residential) and Application (Floor, Wall, Roof & Others)
DUBLIN, August 9, 2021 / PRNewswire / – The “Global Ceramic Tile Market, By Construction (New Build & Replacement & Renovation), By End User (Residential & Non-Residential), By Application (Floor, Wall, Roof & Others), By Region, Competition, Forecast & Opportunity, 2026 “ report was added to ResearchAndMarkets.com offer.
The global ceramic tile market is expected to grow by $ 123 billion in 2020 around 144 billion USD by 2026
Growing demand in construction due to the development of high-rise commercial and residential buildings in growing economies, increasing capital inflows into the real estate sector and increasing activities in infrastructure development and construction are expected to influence positively the world ceramic tile market in the coming years. years.
The global ceramic tile market can be divided into type of construction, end user, application, and region. On the basis of the type of construction, the market can be segmented into new construction and replacement and renovation, where the new construction segment holds a share of 63% due to the increase in urbanization.
In addition, new buildings in emerging economies would drive the market. In terms of end users, the market is segmented into residential and non-residential sectors where the market share of the residential sector is 64%. Ceramic tiles in the residential sector are used for applications in areas such as apartments, houses, balconies and wet areas like toilets, kitchens and laundry rooms, which in turn is expected to increase the growth of the market during the forecast period.
In addition, the restoration of existing structures for interior decoration purposes has stimulated the demand for ceramic tiles and increased the activities of repair, reconstruction and restoration of existing infrastructure.
In terms of application, the market can be segmented into Floor, Wall, Roof, and others. The floors sub-segment accounts for the largest market share of 42% in this segment due to the growing interest in exceptionally strong and economical ceramic floors for use in high rise buildings.
Moreover, modern areas are expected to lead the market in the period of guesswork. Improved new items and hassle-free establishment strategies have dramatically determined the global ceramic tile in commercial flooring market. The increase in the housing sector in developing economies such as India is likely to generate demand for the product due to the anti-slip and scratch resistance offered by the product.
The main players in the global ceramic tile market are Mohawk Industries Inc., SCG Ceramics Public Company Limited, Grupo Lamosa SAB de CV, PAMESA CERAMICA COMPACTTO SLU, RAK Ceramics PJSC, Kajaria Ceramics Ltd., Intreceramic United States inc., Gruppo Concorde SpA, Victoria Ceramics Plc and Cersaint SA
Market players constantly present items with high durability, robustness and lower environmental impact to gain the consideration of customers.
The biggest contributor is Asia Pacific with 65.22% share of value in 2019. China is the largest contributing country in the region with a share of 53% in 2019, followed by India, Vietnam, and Indonesia.
The expansion of residential and commercial sectors and modern areas for the practical financial development in the region is expected to support the construction activities, in this sense, arousing the interest of ceramic tiles during the forecast years.
Key target audience:
- Ceramic tile manufacturers, distributors and other stakeholders
- Maintenance and repair companies
- Organizations, forums and alliances related to the ceramic tile market
- Government bodies such as regulators and policy makers
- Market studies and consulting firms
Scope of the report:
Years considered for this report:
- Historical years: 2016-2019
- Baseline year: 2020
- Estimated year: 2021
- Forecast period: 2022-2026
Market, by type of construction:
- New construction
- Replacement & Renovation
Market, by end user:
Market, by application:
Market, by region:
- North America
- United States
- Asia Pacific
- Middle East & Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- South America
Company Profiles: Detailed analysis of the major companies present in the global Ceramic Tile market.
- Mohawk Industries Inc.
- SCG Ceramics Public Company Limited
- Lamosa SAB de CV Group
- PAMESA CERAMICA COMPACTTO SLU
- RAK Ceramic PJSC
- Céramique Kajaria Ltée
- Intreceramic United States inc.
- Concorde Group SpA
- Ceramic Victoria Plc
- Cersaint SA
For more information on this report, visit https://www.researchandmarkets.com/r/jfyd48
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SOURCE Research and Markets