Custom Market Insights has published a new research report titled “Ceramic & Porcelain Tiles Market Size, Trends and Insights By Product Type (Ceramic, Porcelain), By Usage (Floor Tiles, Wall Tiles), By End Use (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand for global Ceramic & Porcelain Tiles Market size & share was valued at approximately USD 250.1 Billion in 2022 and is expected to reach USD 258.3 Billion in 2023 and is expected to reach a value of around USD 332.6 Billion by 2032, at a compound annual growth rate (CAGR) of about 7.2% during the forecast period 2023 to 2032.”
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Ceramic & Porcelain Tiles Market: Growth Factors and Dynamics
Durability and Longevity: Ceramic and porcelain tiles are well-known for their strength and long-lasting features. They can withstand heavy foot traffic, moisture, and wear, making them an excellent choice for homes and businesses. As consumers increasingly seek products that are tough and easy to maintain, the demand for these tiles has risen.
Aesthetics and Design Flexibility: Thanks to advancements in manufacturing, ceramic and porcelain tiles now come in a wide variety of designs, colours, and textures. They can replicate the look of natural materials like wood, stone, or marble, giving consumers an affordable way to achieve their desired aesthetic without compromising on quality. The design versatility has led to a higher demand for these tiles in both interior and exterior decoration.
Growth in Construction and Infrastructure Projects: The global construction industry has experienced steady growth, particularly in emerging economies. As urbanization continues and infrastructure projects expand, there is an increasing need for construction materials, including ceramic and porcelain tiles. These tiles are favoured for their practicality, cost-effectiveness, and design choices, which contribute to the overall market growth. Eco-Friendly and Sustainable Manufacturing: With growing environmental awareness, consumers are seeking sustainable and eco-friendly products. Ceramic and porcelain tiles, made from natural materials like clay and sand, are considered environmentally friendly compared to certain flooring alternatives. Manufacturers are also adopting sustainable production practices, further driving the market’s growth.
Technological Advancements: The ceramic and porcelain tile industry has benefited from technological advancements in manufacturing processes. Innovations in digital printing have enabled the creation of intricate designs and patterns, enhancing the aesthetic appeal of these tiles. Moreover, improved production techniques have led to better quality and cost-effectiveness, attracting more consumers.
Growing Renovation and Remodelling Activities: Renovation and remodelling projects have become increasingly popular, driven by changing lifestyle preferences and property upgrades. Ceramic and porcelain tiles are often used during these projects due to their ability to breathe new life into spaces at a relatively affordable cost. As the frequency of renovation activities rises, so does the demand for these tiles.
Economic Development and Rising Disposable Income: As economies grow and per capita incomes rise, consumers have more disposable income to invest in home improvement and upgrading their living spaces. Ceramic and porcelain tiles offer a cost-effective and visually appealing solution, leading to increased demand from middle-class and affluent consumers alike.
Healthcare and Hygiene Considerations: In environments that prioritize cleanliness and hygiene, such as hospitals, healthcare facilities, and food processing units, ceramic and porcelain tiles are favoured due to their non-porous nature. These tiles do not trap bacteria or allergens, making them easy to clean and maintain. With an increasing focus on health and hygiene, the demand for these tiles in such sectors has seen significant growth.
Globalization and International Trade: The globalization of the construction and home improvement industry has facilitated the international trade of ceramic and porcelain tiles. Many countries now import and export these tiles to meet the demand for specific designs, textures, or price points. The availability of a diverse range of tiles from different regions has expanded the choices for consumers and drive market growth.
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Ceramic & Porcelain Tiles Market:
Mohawk Industries and RAK Ceramics: In 2019, Mohawk Industries, a leading tile manufacturer, entered into a strategic partnership with RAK Ceramics PJSC, a prominent UAE-based ceramics company. This collaboration aimed to expand their product offerings, strengthen their market presence, and leverage each other’s distribution networks to reach new customers.
Kajaria Ceramics and Gruppo Concorde: In 2020, Indian tile giant Kajaria Ceramics Limited announced a partnership with Italy’s Gruppo Concorde S.p.A., a renowned tile manufacturer. This collaboration focused on technological exchange, product innovation, and access to international markets, enabling both companies to enhance their global competitiveness.
Gruppo Concorde Acquires Ceramica del Conca: In 2020, Gruppo Concorde S.p.A., a renowned Italian tile manufacturer, ventured into growth through the acquisition of Ceramica del Conca, another prominent ceramic company. By uniting their strengths, both entities sought to diversify their product ranges, optimize production efficiencies, and consolidate their positions in the global tile market. The acquisition also offered new opportunities for collaborative research and development, fostering a culture of innovation within the industry.
RAK Ceramics Acquires Iranian Tiles Company: In 2019, RAK Ceramics PJSC, a prominent ceramics manufacturer based in the UAE, completed the acquisition of an Iranian tiles company. This bold move was aimed at reinforcing RAK Ceramics’ presence in the Middle East market while broadening its product offerings to cater to diverse customer preferences. The acquisition allowed the company to leverage its production capabilities and distribution channels to expand its reach and strengthen its foothold in the region.
Table of Contents: https://www.custommarketinsights.com/report/ceramic-porcelain-tiles-market/#table-of-contents
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