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Market Overview:
The Ceramic Tiles Market size is estimated to reach $210.3 Billion by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Ceramic Tiles Market – By Type (Glazed, Unglazed, Porcelain, Scratch Resistance), By Raw Material (Sand, Natural Clay, Feldspar, and Others), By Application (Floor, Wall), By Construction Type (New Construction, Renovation), By End-use Industry (Residential [Private Dwellings, Apartments, Row Houses], Commercial [Office Buildings, Super Market, Hotels, Hospitals, Education Centers, Airports, and Others], Industrial [Warehouses, Production Facilities]), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Sustainability & green building initiatives and Technological advancements in production are expected to create growth opportunities in the market during forecast period.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 46% of the Ceramic Tiles Market in 2023 followed by North America and Europe. The building & construction sector in the region is booming, owing to the growing investments, easy access to home loans and favorable government policies which have increased the scale of construction output in the major Asia-Pacific countries.
Ceramic Tiles Market: Key Takeaways
Sustainability and Eco-Friendly Production:
The growing focus on environmental conservation has significantly impacted the ceramic tiles market. Consumers are increasingly opting for eco-friendly products, including tiles made from recycled materials or manufactured using processes that minimize environmental impact. This trend is being fueled by rising awareness of sustainable living practices, prompting manufacturers to innovate and develop tiles that meet these demands. Additionally, favorable government policies and increased access to home loans have boosted residential construction, further driving demand for sustainable ceramic tiles.
Advancements in Digital Printing Technology:
Digital printing technology has transformed the ceramic tile industry by allowing manufacturers to produce intricate designs, textures, and patterns with remarkable precision. This innovation enables the replication of natural materials like wood, stone, and marble, offering endless customization options for consumers. The ability to create highly detailed and unique designs has expanded the creative possibilities for homeowners and interior designers, making ceramic tiles a versatile choice for various styles and preferences.
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Scope of the Report:
Recent Developments:
• In August 2022 Linum Ceramic announced the launch of one of the largest production facilities in Morbi, Gujarat. The new manufacturing facility was expected to be 5.6 lakh square feet in size and would likely highlight the manufacture of Linum ceramic.
• In January 2022 Somany Ceramics, a manufacturer of tiles and bathroom fittings, estimates about USD 200 million aimed at capacity expansion; the capital expenditure was likely to result in a 20% capacity boost across its operations in south, west, and north India, allowing it to meet increasing demand after a rise in house sales.
Ceramic Tiles Market: Competitive Landscape
Key companies profiled in the Ceramic Tiles Market are Mohawk Industries Inc., SCG Ceramics, RAK Ceramics, Kajaria Ceramics Limited, Crossville Inc., Porcelanosa Group, Guangdong Dongpeng Ceramic Co. Ltd., Dynasty Ceramic Public Company Limited, Ceramic Industries Group, White Horse Ceramics, and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727