The global porcelain tiles market is expected to be driven by a rise in demand from commercial and residential sectors, an increase in disposable income and rise in the standard of living, especially in developing regions, growth in the government and private construction and infrastructural spending. These porcelain tiles are made from raw materials that offer stain and chemical protection, crack resistance nature, increased durability, superior water resistance, and clean-up due to protective coatings. Rising aesthetic importance of residential and commercial places, increasing urbanization, and growth in industrialization in developing economies are the key factors expected to propel the growth of the global porcelain tiles market. The increased value and high durability offered by the porcelain tiles to the places with high traffic such as hotels, parks, shopping malls, and institutional buildings are also expected to increase the demand for the global porcelain tiles market. The global porcelain tiles market is expected to witness a healthy single-digit CAGR during the forecast period.
Rapid Urbanization And Increasing Residential Construction Sector Amps Up The Demand
Due to the rising population and urbanization there is a demand for construction of large buildings with aesthetic looks, better reliability, and sustainability leading to the growth of the global porcelain tiles market. Producers are focusing on the production of porcelain tiles for residential usage because of a rise in new installation and replacement activities in the residential sector. This has resulted in a significant rise in demand for the porcelain tiles market across the globe as porcelain tiles efficiently reduce the cost required for coatings and painting of walls and maintenance costs after installation. The change in consumer choices towards the usage of glazed and stylish porcelain tiles in the houses is a major factor anticipated to fuel the porcelain tiles market demand. The growing influence of interior designing and designers for the usage of porcelain tiles, with aesthetic designs and shapes in flooring and walls will boost the porcelain tiles market in growing economies.
Introduction Of New Technology And Processes To Produce Eco-Friendly Products
The development of technology in the porcelain tiles manufacturing has introduced high-quality products along with pleasing aesthetic appearance. To satisfy consumer demand various porcelain tiles producers are now installing inkjet printing machines. Producers are now concentrating on advanced technology and eco-friendly production of porcelain tiles as they are made from natural minerals, the production of these tiles is an eco-friendly process. To offer better alternatives manufacturers are using technologically-advanced processes for the production of porcelain tiles.
However, rigorous government regulations and rising raw material prices are anticipated to hamper the growth of the porcelain tiles market. Additionally, restrictions on harmful gas emissions like carbon dioxide have forced manufacturers to adopt eco-friendly production processes or to cut down the output. These are the key factors that are expected to hamper the growth of the porcelain tiles market in the developed regions during the forecast period.
Porcelain Tiles Market Segmentation
Porcelain tiles market can be segmented based on raw materials, type, application, and distribution channel.
- Based on raw material, porcelain tiles market is segmented into:
- Based on type, porcelain tiles market is segmented into:
- Full body tile
- Unglazed porcelain tile
- Glazed porcelain tile (standard & coloured)
- Twin pressed
- Based on application, the porcelain tiles market is segmented into:
Porcelain Tiles Market Regional Outlook
Geographically, the Porcelain tiles market has been classified into seven regions, including North America, Latin America, Europe, Asia Pacific, Oceania, and the Middle East and Africa. North America is expected to witness a notable growth in the global porcelain tiles market over the forecast period because of growth in the construction sector. Asia Pacific region is anticipated to dominate the porcelain tiles market, and to register the highest CAGR over the forecast period, due to presence of large number of producers as well as consumers, and rise in demand from commercial and residential construction sector. The European region is expected to witness a steady growth in the global porcelain tiles market during the forecast period. Latin America has witnessed stable outgrowth in the porcelain tiles market share. Middle East & African region has shown rising trend in the porcelain tiles market due to increase in construction projects in developing countries.
Porcelain Tiles Market Key Players
The prominent players in the market are focused on developing low cost, efficient and aesthetic products due to increased demand from customers. Porcelain Tiles market share is fragmented in nature.
- Mohawk Industries, INC
- Kale Group
- Ceramica Carmelo Fior
- Kajaria Tiles
- Saudi Ceramics
- SCG Group
- Grupo Fragnani
- Grupo Cedasa
The research report presents a comprehensive assessment of the porcelain tiles market and contains thoughtful insights, facts, and historical data, as well as statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to porcelain tiles market segments such as geography, product type, and end-use industry.
The Porcelain tiles marketer port covers exhaustive analysis on:
- Porcelain tiles market Segments
- Porcelain tiles market Dynamics
- Porcelain tiles market Size
- Porcelain tiles market Supply & Demand
- Porcelain tiles market Current Trends/Issues/Challenges
- Porcelain tiles market Competition & Companies involved
- Porcelain tiles market Technology
- Porcelain tiles market Value Chain
The Porcelain tiles market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The porcelain tiles market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with porcelain tiles market attractiveness as per segments. The report also maps the qualitative impact of various market factors on porcelain tiles market segments and geographies.
Porcelain tiles market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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