Growing focus toward interior decoration driving the Ceramic Tiles Market

Ceramic tiles can be defined as a ceramic surface unit, made from clay or a mixture of clay and other ceramic materials which find applications in floors, walls, and roofs. It plays a vital role in enhancing the aesthetics of residential and commercial construction. The ceramic tiles market is estimated at USD 227.89 Billion in 2018 and is projected to reach USD 320.06 Billion by 2023, at a CAGR of 7.03%. The demand for ceramic tiles is expected to be driven by factors such as their ease of maintenance, high durability, water & moisture resistance, and aesthetic appeal. Therefore, they find application in several residential as well as non-residential spaces.

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The residential segment, by end-use sector, is projected to dominate the ceramics tiles market through the forecast period. The growing focus toward interior decoration and comfort, coupled with the rising disposable income of the population is expected to drive the demand for ceramic tiles in the residential sector.

Owing to their characteristics such as resistant to water, fire, and moisture; cost-effectiveness; and high durability, ceramic tiles find widespread application in walls. Furthermore, other characteristics of ceramic tiles which make them suitable for walls include stain-resistance, fade-resistance, and odor-resistance. Ceramic wall tiles are predominantly used in kitchens and bathrooms; they have been gaining popularity due to their characteristics such as, resistance to water, fire, and moisture, cost-effectiveness, and high durability. The floor segment is expected to be the second-largest market during the forecast period.

Ceramic tiles are used in various construction types such as in new construction and replacement & renovation activities. The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. It is easier and more cost-efficient to install ceramic tiles in new constructions than in replacement & renovation activities.

Asia Pacific dominated the market for ceramic tiles. The low manufacturing cost, increasing disposable income of the population, and rising construction activities drives the market for ceramic tiles in the region. In the region, China held the largest market share owing to the presence of the promising construction industry.

Key players operating in the ceramic tiles market include Mohawk Industries (US), Siam Cement (Thailand), Kajaria Ceramics (India), Nitco Tiles (India), Grupo Lamosa,(Mexico), China Ceramics (China), Johnson Tiles (UK), Ceramica Saloni, (Spain), Florida Tiles (US), and Ceramiche Atlas Concorde (Italy).

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