The global ceramic wall tiles market is forecast to reach USD 114.78 billion by 2027, according to a new report by Reports and Data. Rapid growth in the construction & building industry in regions, especially Latin America and the Asia Pacific, shall drive ceramic wall tiles demand over the forecasted timeframe. Government investments & initiatives in infrastructure and demographic features in countries in the Asia Pacific are the prime factors propelling product usage in the region. Robust growth in the wall tiles industry is analyzed to positively influence the product demand over the forecasted timeframe. The product is widely used in the industry, particularly due to its durability, value-added aesthetic appearance, and strength. It efficiently reduces the cost related with paints & coatings required in walls. Moreover, it also offers negligible maintenance costs after installation.
Technological advancements in the industry have introduced premium quality products along with excellent appearance. Various ceramic wall tiles manufacturers are now utilizing inkjet printing technology to meet customer demand for aesthetic tiles. However, the prevalence of stringent environmental regulations combined with volatile raw material prices may hinder market growth. Moreover, carbon dioxide emission during the production is expected to hinder product demand during the forecasted timeframe. The emission of carbon dioxide from industries in regions such as North America and Europe has decreased owing to the growing awareness of global warming.
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Key participants include Ceramiche Atlas Concorde S.p.A., Crossville Inc., RAK Ceramics, Cerámica Saloni, Kajaria Ceramics Limited, Somany Ceramics, White Horse Ceramic Industries Sdn Bhd, Guocera Holdings Sdn Bhd, China Ceramics Co., Ltd., and Porcelanosa Grupo A.I.E., among others.
Further key findings from the report suggest
- The industry is projected to witness a surge due to the rising construction business in the Asia Pacific, which has led to an exponential demand for ceramic wall tiles in institutional and residential construction projects.
- Rising commercial construction in parts of Latin America will also positively influence the industry growth in the coming few years.
- The advent of digital inkjet printing technology has enabled the manufacturers to replicate the color depth, design, and pattern of various natural products, including wood, metals, and marble.
- Among the application segment of the ceramic wall tiles industry, commercial construction is presently leading the market with 46.2% of the market share, and it will continue to dominate with an estimate to register the highest CAGR of 6.3% over the forecasted period.
- Among the raw material segment of the ceramic wall tiles industry, silica sand is presently leading the market with 31.3% of the market share, and it will continue to dominate with an estimate to register the highest CAGR of 6.3% over the forecasted period.
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For the purpose of this report, Reports and Data have segmented into the ceramic wall tiles market on the basis of raw material, dimensions, application, and region:
Raw Material Outlook (Revenue, USD Billion; 2017-2027)
- Feldspar
- Kaolin
- Bentonite
- Silica sand
Dimensions Outlook (Revenue, USD Billion; 2017-2027)
- 20 X 20
- 30 X 30
- 30 X 60
- 60 X 120
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Residential Replacement
- New Residential
- Commercial
- Others
Regional Segmentation Covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report provides extensive coverage of the competitive landscape of the Ceramic Wall Tiles market with company profiles, product portfolio, revenue generation, financial standing, market reach, and global position. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.
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To summarize, the Global Ceramic Wall Tiles Market report is a dependable and authentic source for attaining crucial information and market insights to advance and boost your business significantly. The report studies all crucial aspects, such as present and future economic scenarios, beneficial opportunities, limitations, drivers and constraints, market growth rate, and risks.
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April 14, 2020: The global ceramic wall tiles market size is expected to reach USD 103.9 billion by 2025, ascending at a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc.
Ceramic wall tiles are gaining high demand from residential and commercial applications to replace traditional wall covering materials including paint and wallpapers.
Easy accessibility, superior dirt & heat resistance, and affordable pricing of these products are likely to drive the market.Ceramic wall tiles are finding increasing adoption in newer residential application settings, such as living rooms, lobby, and bedrooms, on account of their low cost, low maintenance, and high durability.
Rising demand for ceramic wall tiles as a cost-effective alternative to conventional stone materials, such as granite and marble, is likely to propel their demand in commercial constructions including corporate offices, hotel lobbies, and museums.Ceramic tiles are considered to be eco-friendly as they are completely manufactured using natural materials, such as clay and sand, along with other recycled materials.
Moreover, these wall tiles also help in reducing energy utilization in modern constructions on account of their insulating properties.
Growing demand for environmentally sustainable building materials is expected to generate a progressive demand for the product.Consumers are experimenting with design, colors, and patterns to ensure a unique look of building structures.
A new study on the Ceramic Tiles market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2015 – 2019.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 – 2030.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
The global ceramic tiles market is anticipated to reach a valuation of over US$ 230 billion, with growth pegged at a stellar 8.5%.Key stakeholders in the Ceramic Tiles market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=245The study also offers scrutiny of the changing government policies amid COVID-19 disruptions.
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