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

Global Ceramics Tiles Market Highlights Over 2023 - 2033

The global ceramic tiles market is estimated to garner a revenue of ~USD 250 Billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 100 Billion in the year 2022. 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.

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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.

Global Ceramic Tiles Market: 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

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.

Global Ceramic Tiles Market 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.

The global ceramic tiles market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Ceramic Tiles Market Segmentation

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

Top Featured Companies Dominating the Global Ceramic Tiles Market

• 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.