The Ceramic Tiles Market is expected to reach USD 207 billion during the current forecast period of 2022-2030 with rate of 6.9% of CAGR, the market is predicted to show enhanced growth in its forecast period. The forecast period of the market was predicted from 2020 to 2025.
Used in both residential and commercial sectors, ceramic tiles are known for their crack resistance and durability. They are water resistant, intact and can be easily cleaned, which provides them with a layer of dust protection. These properties allow them to be used both on walls and on floors.
Due to ease in installation, maintenance and cleaning, the Ceramic Tiles Market is extensively driven. With the increase of urbanization by the day, more inhabitants prefer to install ceramic tiles in commercial and official places. The population growth worldwide has also led to people choosing ceramic tiles, which is a reliable and durable option for walls and floors. The constant development in the housing and construction industries is expected to expand the market. Several international key players also operate in the global market dynamics. With potential technological advancements and innovations, the key players have managed to launch a product that benefits the market. Such factors are known to be the major drivers of the market.
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However, there were certain factors that also restricted the market growth and development. There is a huge amount of energy that goes into the assembling process of the tiles. This also includes other charges like transportation, power and gas. Inconsistent and unpredictable market rates due have resulted in huge and unfortunate results that have affected the market growth and development. The pandemic also restrained the supply chain of the market, hampering the input and the output of the raw materials.
Despite the driving and restraining factors present in the market dynamics, healthy and substantial growth is expected for the market in its forecast period.
The Ceramic Tiles Market is majorly segmented into type, application and end-use sectors.
By type, the market is divided into glazed ceramic tiles, unglazed ones and porcelain. By application, the market is again divided into the internal wall, external wall, flooring and ceiling. The market is divided into residential and non-residential sectors depending on its end-user sector.
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Though the Asia-Pacific region is known to be one of the most important hubs for ceramic tiles, the Ceramic Tiles Market also covers some of the major reasons worldwide. This includes the Middle East and Africa, along with South America, Europe and North America. Major parts of Asia-Pacific include China, Thailand, Vietnam and Indonesia.
The key players of Ceramic Tiles Market are The Siam Cement Public Company Limited (SCG), Mohawk Industries Inc., Kajaria Ceramics, Roca Sanitario, S.A., RAK Ceramics, Group Lamosa, Panariagroup Industrie Ceramiche S.p.A, Guangdong Dongpeng Ceramic Co., Ltd., Gruppo Concorde, and Pamesa Ceramica.
Multiple key players were responsible for the development of the Ceramic Tiles Market.
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