Ceramic Tiles Market Expected to Rise at 7.2% CAGR during 2019-2024

Global Ceramic Tiles Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Ceramic Tiles Market Overview: IMARC Group’s recent study, titled “ Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 �, finds that the global ceramic tiles market size reached around US$ 70.9 Billion in 2018. Ceramic tiles are produced by an amalgamation of clay, sand, quartz and water. Due to their light weight along with anti-skid and anti-bacterial properties, these tiles have gained traction in different construction sectors around the globe. Moreover, they are more durable, can withstand exposure to acidic or caustic chemicals and are resistant to high temperature as compared to their counterparts. These tiles are mostly used in hotels, laboratories and hospitals where hygiene is of utmost importance. Moreover, as there are different product variants available in the market, they are preferred over other flooring products like concrete and marble.

Ceramic Tiles Market Trends Ceramic tiles offer different style and glaze options in both wall and floor tiles, ranging from traditional to western. With inflating income levels, consumers now look for stylish and modern flooring options which is greatly influencing the market growth. Further, these tiles do not put enormous strain on the environment as they are manufactured using naturally-occurring minerals in an eco-friendly manner.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

In addition to this, progress in technology has led producers to further reduce the emission of harmful gases while manufacturing these tiles and also incorporate special equipment for selection, control and manipulation to launch them in various sizes, textures and shapes. Looking forward, the market is anticipated to reach a value of US$ 107.2 Billion by 2024, projecting a CAGR of 7.2% during 2019-2024.

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Moreover, growing construction activities & rapid industrialization, especially in India, China, Brazil and various GCC countries, have carved a huge demand for ceramic tiles for flooring & other requirements.

Key Market Segmentation: Market Segmentation by Application • • •

Residential Applications Commercial Applications Replacement Applications

Ceramic tiles are widely used for residential, commercial and replacement applications. Out of these, they majorly find applications in the residential sector mainly due to their aesthetic appearance.

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Floor Tiles Wall Tiles Others

There are two broad segments of ceramic tiles – floor tiles and wall tiles. Among these, ceramic floor tiles represent the most popular type, accounting for the majority of the total market share. These tiles are used in the construction industry due to their low cost, availability in varied shapes and sizes, durability, and resistance towards stains, corrosion and weather.

Market Segmentation by Region • • • • • •

China Brazil India Vietnam Indonesia Others

Region-wise, the market has been categorized into Brazil, China, Vietnam, India, Indonesia and Others.

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Currently, China is the biggest consumer, producer and exporter of ceramic tiles due to low labor costs and wide availability of raw materials in the region.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • •

Mohawk Industries Inc Siam Cement RAK Ceramics Ceramica Carmelo For

Browse Related Report Granite Tiles Market: https://www.imarcgroup.com/prefeasibility-report-granite-tiles-manufacturing-plant Mosaic Tiles Market: https://www.imarcgroup.com/prefeasibility-report-mosaic-tiles-manufacturing-plant

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