Ceramic Tiles Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : May-2020 | List of Tables : 94 | List of Figures : 266 | No. of Pages : 170 | Report Code : FACT245MR |

Ceramic Tiles Market Size:

Ceramic tiles market has seen a historical CAGR of nearly 6% in emerging markets and is further anticipated to create a value pool of about US$ 230 billion in the foreseeable future. The global ceramic tiles market is poised to expand positively at a CAGR of over 8.5% during the forecast period (2020-2030).

High spending on construction is the main factor driving the global demand for ceramic tiles. Real estate businesses in China, Japan and India are experiencing robust growth within the market due to competitive ceramic tiles pricing. The construction sector, which in turn is driving the ceramic tiles market, is positively influenced by high demand growth.  

The global demand for ceramic tiles is currently on a decline, taking on significance at a time when people around the world resort to social isolation, while trying to minimize discretionary spending in the midst of the 2020 COVID-19 outbreak. The COVID-19 impact does not however make it completely impossible to complete construction projects related to ceramic tiles. Yet it has slowed the rate, causing delays mainly because of supply chains being severely affected.

Ceramic Tiles Market Application Insights:

Ceramic floor tiles are projected to dominate the global demand for ceramic tiles, accounting for more than 2/5th of the global ceramic tiles market. Following behind is the walls ceramic tiles segment, expected to rise at a robust pace over the forecast period with a CAGR of 8.5%.

Ceramic tiles floorings have become an important part of home furnishings and upgrades. These are not only limited to bathroom and kitchen fittings, but are also used primarily for decorative purposes, both internally and externally. The ceramic floor tiles segment has been gaining popularity, from houses to schools, stores and malls.

Ceramic Tiles Market Regional Insights:

The use of ceramic tiles is steadily increasing against the backdrop of global economic post-crisis recovery and growth of the construction industry in the Asia-Pacific region. The sector has seen minor fluctuations but is slated to remain steady overall. As a result, the use of ceramic tiles has increased considerably in recent years.

Asia pacific holds the largest share (~60%) within the global ceramic tiles market. It has been the dominant player in the ceramic tiles market globally as the region has been the largest producer as well as consumer of ceramic tiles, especially in emerging markets such as China and India.

Low production costs, large population, disposable income and growing construction activities are driving the region's ceramic tiles sector. Due to the presence of the promising construction industry, ceramic tiles market in China holds the largest market share.

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Ceramic Tiles Market Manufacturer Insights:  

The global ceramic tiles market is a highly fragmented one with a large number of local and regional players in attendance. There are a range of small-scale producers operating on the ceramic tiles market at global and regional level. The ceramic tiles market consists of both organized and unorganized players in the 40:60 ratio. Tier-1 players in the ceramic tiles market have a market share of over 15% with revenues of over US$ 50 million.

 Some of the key players involved in the ceramic tiles market are Ceramiche Atlas Concorde, Cersanit Sa, Pamesa Ceramica, Florim Ceramiche, Grupo Lamosa Sab, Johnson Tiles, Mohawk Industries and others. In February 2020, Pamesa Ceramica collaborated with Spanish fashion designer Agatha Ruiz de la Prada to launch a range of ceramic tiles named “Agatha 21”.  These come in different ceramic tile sizes. The star attractions of Agatha 21 are bold powder colors, confetti affects, geometrical shapes and glossy shines.

The business ecosystem involves a large number of stakeholders involved in the ceramic tiles industry supply chain starting from raw material procurement to final product manufacture.

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COVID-19 Market Insights:

With the effect of COVID-19 on Europe and around the world, the ceramic tiles market is conscious of this crisis and is taking necessary steps to respond to the situation. The ceramic tiles market is also encouraging the adjustment of business procedures and operating protocols to align production, shipping and logistics activities within this crisis period.

In 2020, the market demand is expected to fall by almost 1/3rd during the first two quarters, owing to the halted construction projects. Under the optimistic scenario, the market is expected to recover soon from the third quarter owing to a sudden growth in the real estate industry post lockdown. However, under probabilistic scenario, the sluggishness in growth is expected to remain up till the third quarter. Under pessimistic market situation, the market will be affected throughout all four quarters. However, growth is expected to rebound once the pandemic abates, albeit slowly as production of raw-materials ramps up.

Analyst’s Viewpoint:

The global ceramic tiles market has gained traction, particularly in the ceramic floors segment. Because of inherent benefits such as abundance of raw materials from local sources, modern infrastructure and low labor costs, installed capacity for ceramic tiles is increasing significantly. Additionally, Ceramic tiles are being considered by a wide range of customers as hygiene items for utilitarian purposes.

Global Ceramic tiles Market: Scope of the Report:

The recent global ceramic tiles market report by fact.mr offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global ceramic tiles market. A detailed segmental analysis, based on application, formulation, end use, sales type and region has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global ceramic tiles market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the ceramic tiles market.

Global Ceramic Tiles Market – Scope of the Report

The global ceramic tiles market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of ceramic tiles market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of ceramic tiles market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of ceramic tiles.

Ceramic tiles market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of ceramic tiles market. The report primarily conveys a summary of the ceramic tiles market, considering present and upcoming ceramic tiles industry scenarios, to reveal striking sides relating to the acceptance of ceramic tiles across prominent regional markets.

A detailed assessment on few of the ceramic tiles raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from ceramic tiles supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning within the ceramic tiles market provided in the report enhances reliability of this ample research study.

Ceramic Tiles Market: Report Summary

Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in ceramic tiles market across the globe.

A comprehensive estimate on ceramic tiles market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of ceramic tiles during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.

Ceramic Tiles Market: Segmentation

FactMR’s study has done the segmentation of ceramic tiles market on the basis of application, formulation, end-use, sales type, across five regions.

Application

Formulation

End Use

Sales Type

Regions

  • Walls
  • Flooring
  • Others
  • Dry Pressed
  • Extruded
  • Casting
  • Residential
  • Non-Residential 
  • New Installation
  • Replacement
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Ceramic Tiles Market: Analysis on Market Size Evaluation

Predictions of ceramic tiles market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at the regional and global scale for ceramic tiles are available in terms of value “US$ Mn” and volume “Mn Sq. Meters”. A Y-o-Y growth contrast on prominent ceramic tiles market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on ceramic tiles applications where ceramic tiles witness a steady demand.

Ceramic Tiles Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report on ceramic tiles market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of ceramic tiles market during period of forecast.

Country-specific valuation on demand for ceramic tiles has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.

Ceramic Tiles Market: In-depth Analysis on Competitive Landscape

The report ends with a section on the competition scenario of ceramic tiles market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of ceramic tiles, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.

Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in ceramic tiles market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in Ceramic Tiles market. Major companies operating in ceramic tiles market are CERAMICHE ATLAS CONCORDE S.P.A, Cersanit SA, Florim Ceramiche S.P.A, Grupo Lamosa SAB de CV, Johnson Tiles and others.

Impact of Covid-19 on Ceramic Tiles Market

The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis, Eurozone crisis and SARS pandemic.

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Ceramic Tiles Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030