Ceramic Tiles Market Size & Share, by Application (Walls, Flooring); Formulation (Dry Pressed, Extruded, Casting); Type (New Installation, Replacement); End-user (Residential, Non-Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4504
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Ceramic Tiles Market size is expected to surpass USD 250 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of ceramics tiles was over USD 100 Billion.The growth of the market is primarily attributed to the rising construction activities around the world. Government across various countries are highly investing in the construction sector which, in turn, is expected to bring lucrative growth opportunities in the market. According to a latest report, the total spending in the U.S. construction sector was totaled to be approximately USD 2 trillion in 2020.

The rapid urbanization has increased the construction processes of office spaces, shopping malls, residential, industrial, and other utility spaces is estimated to ascend the demand of ceramic tiles across the globe during the forecast period. As a result, the employment rate has considerably grown up in the past few days. High level of employees hired in the construction sector is forecasted to increase the utilization of ceramic tiles for varied processes. As per 2021, there were almost 10 million construction workers in the United States, approximately 8% of the total working population.


Ceramic Tiles Market
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Ceramic Tiles Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth in Middle Income of Burgeoning Population – Along with the rapid multiplication of population the income level has also been increased consecutively. As a result, people has been adopting ceramic tiles for their infrastructures owing to its advantages such as aesthetic looks, stunning finishes and increased durability. According to World Bank, the total population with middle income in the world rose from 5.51 Billion in 2015 to 5.86 Billion in 2021.
  • Expansion of Real Estate Sector – As per recent estimates, the revenue of real estate companies worldwide stood at USD 9.5 billion in 2021.
  • Increased Commercial Building Construction – The data released by Commercial Buildings Energy Consumption Survey (CBECS), estimated that there were approximately 5.9 million U.S. commercial buildings in 2018. Further, the number of commercial buildings increased by 6% since the CBECS was last conducted in 2012.
  • Rapid Construction of Buildings Across the World – As per data in 2020, there were 350,000 industrial buildings and 240,000 military building in the United States.

Challenges

  • Stringent Environmental Policies
  • Long Production Cycles
  • Constant Fluctuation in Prices of Raw Materials

Ceramic Tiles Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

~ USD 100 Billion

Forecast Year Market Size (2033)

~ USD 250 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Ceramic Tiles Segmentation

End-user (Residential, Non-Residential)

The ceramic tiles market is segmented and analyzed for demand and supply by end-use into residential and non-residential. Out of these, the residential segment is expected to garner the highest market share by 2033, owing to increased number of residential buildings across the globe. As per estimations, in 2020, there were almost 100 million single family homes in the U.S. Further, there were around 5 million multifamily residential buildings in the same period.  

Major Macro-Economic Indicators Impacting the Market Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Our in-depth analysis of the global ceramic tiles market includes the following segments:

         By Application

  • Walls
  • Flooring
  • Others

         By Formulation

  • Dry Pressed
  • Extruded
  • Casting

        By Type

  • New Installation
  • Replacement

         By End-Use

  • Residential
  • Non-Residential

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Ceramic Tiles Industry - Regional Synopsis

Regionally, the global ceramic tiles market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. The rapid expansion of construction industry in the region is attribute to increase the sales of ceramic tales in the forecast period. In U.S. economy, construction industry has more than 745,000 employers and over 8 million employees.  Further, the growth in Gross Domestic Product (GDP) level and development rate has propelled the high investments and spending on construction processes. According to a latest report, the U.S. spending on private, public and commercial sector construction was totaled to be approximately USD 1 trillion, USD 350 billion and USD 30 billion respectively.

Research Nester
Ceramic Tiles Market Size
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Companies Dominating the Ceramic Tiles Market

top-features-companies
    • Crossville, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AZIZI Developments
    • Mohawk Industries, Inc.
    • Siam Cement Public Company Limited
    • GRUPO LAMOSA
    • Grupo Cedasa
    • RAK Ceramics PJSC
    • Vitromex USA, Inc.
    • Kajaria Ceramics Limited
    • Cersanit S.A.

In the News

  • Crossville, Inc. has launched the Cursive porcelain wall tile collection. This unique product line is notable for its range of eclectic shapes and vibrant color offerings. 

  • AZIZI Developments along with RAK Ceramics is all set supply floor and wall tiles for apartment and bathroom fittings for phase 3 of Riviera in MBR City.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4504
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The expansion of construction industry and rise in construction of commercial, private and residential buildings are some of the factors that are expected to drive the market growth.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2033.

Rising stringent environmental policies along with long production cycles and constant fluctuation in prices of raw materials are some of the factors that are expected to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Crossville, Inc., AZIZI Developments, Mohawk Industries, Inc., Siam Cement Public Company Limited, GRUPO LAMOSA, Grupo Cedasa, RAK Ceramics PJSC, Vitromex USA, Inc., Kajaria Ceramics Limited, Cersanit S.A., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, formulation, type, end-use, and by region.

The residential segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Ceramic Tiles Market Report Scope
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