Product ID: SQMIG15F2086
Global Ceramic Tiles Market Size, Share, Growth Analysis, By Application(Wall tiles and floor tiles), By End Use(Commercial and residential), By Product(Glazed ceramic tiles, porcelain tiles), By Type of construction(New construction and renovation & replacement) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2086 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
111 |
Figures:
77
Global Ceramic Tiles Market Insights
Ceramic Tiles Market size was valued at around USD 355.3 billion in 2019 and is expected to reach a value of USD 574.2 billion by 2031, at a CAGR of 7.1% over the forecast period (2024-2031).
Ceramic tiles have some advantages over regular tiles, including superior appearance, greater durability, and longer lifespan. These are used at construction sites for both commercial and residential buildings. These have a protective coating that is intact and gives them a beautiful look. These tiles have various qualities including dirt resistance, water resistance, and ease of cleaning due to protective coating. These can be used on both floors and walls. Because they are easy to install and maintain, these tiles can be used in homes, workplaces, bathrooms, and balconies. These are mainly used for flooring due to features like soil and water resistance, low maintenance, ease of cleaning, long life, and extreme durability. Because of their durability, these tiles are often used on exterior ceilings and walls, as well as interior walls for aesthetic reasons. They are also used on countertops to make them more durable and less expensive than marble or granite stones. These are strong and durable and are considered friendly because they do not have a significant negative impact on the environment. They are becoming more popular for wall and floor applications due to their environmental friendliness. Numerous textures, colors, shapes, thicknesses, and other features of these tiles allow for market expansion.
The ever-increasing population is the main factor affecting the growth of the global ceramic tile market, also many people are migrating from rural areas or villages to big cities to set up a home, which has also affected the expansion of this market. According to the United Nations Population Division, by 2031, the world's population will be close to 10 billion, with approximately 65% living in urban areas. As ceramic tiles resist dirt and water and are very easy to clean, increasing public awareness about cleanliness and hygiene is also impacting this market. Additionally, the increase in urbanization is leading to an increase in the construction of homes, workplaces, and shopping malls which will fuel the growth of this market over the forecast period.
The growing ceramic tiles market and the dedicated retail sector provide a great opportunity for this market. More and more brand-specific stores are opening in urban areas, allowing customers to choose from a variety of items in a single showroom, making it easier for them to find the ideal tile for their home or place of business. With the advent of the digital age, we have a wealth of knowledge available at the touch of a finger. Technological developments such as augmented reality and online price comparison have the potential to expand this sector. Augmented reality has a huge advantage as it gives customers the convenience of comparing different designs on their construction sites using their smartphones.
US Ceramic Tiles Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Ceramic Tiles Market Report Snapshots
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