Views: 0 Author: Site Editor Publish Time: 2022-10-05 Origin: Site
In 2021 the market size of the global ceramic tiles was pegged at over 350 billion dollars. And there are projections in place that the CAGR is set to witness a 7.1% Rise between 2022 to 2030. Every day, people Keep erecting buildings such as shopping malls, learning spaces, office spaces, and other utility constructions. As this trend continues, expect the demand for ceramic tiles to ascend accordingly.
In 2020, the covid 19 pandemic took a toll on almost every industry and of course, the ceramic tile industry is not exempt. But since then, the market has bounced back and recovered quite satisfactorily. In recent years, there is even increasing demand for single-family home constructions in the United States and a housing deficit in several other nations worldwide. In a bit to meet up to this demand, they are more likely to use ceramic tiles for their Residential Home features.
The demand for greener ways of erecting buildings and several other activities will further lead to an upsurge in demand for ceramic tiles. On top of the rigidity and durability they promise, ceramic tiles are also a vital piece in the battle against climate change. The materials are environmentally friendly and will reduce carbon footprint to the barest minimum. Even better, these materials are economically viable. They are available in various patterns colors, hardness, and textures, and as such, they've been attracting the eyes of customers looking for innovative and effective flooring components.
There is also an emerging trend of inkjet printing technology in the ceramic tile industry. This is offering innovative ways to further bring out the Aesthetics of ceramic tiles. While doing so, it will further broaden its applications and make it suitable for a lot of home features.
There is also a surge in demand for glazed ceramic tiles. In 2021, a report submitted that the demand for this type of ceramic tile is north of 100 billion USD. In addition, there is a projection that this valuation is going to expand at a 5.8% cagr between 2021 to 2030. Of course, this is Justified considering the shed load of benefits glazed ceramic tiles promise. These materials offer superior stain resistance due to the presence of another protective layer on them.
Besides the stain resistance, the glass-like protective layer also makes them not permeable to moisture. So, as expected, the utility in the application for this type of ceramic tile is more extensive than the unglazed type. You can use them in bathrooms, laundry, rooms, kitchens, and several other places that are susceptible to moisture. As such expect the market growth to increase more than the other type of ceramic tiles.
We can segment the ceramic tiles market based on different criteria. These criteria are the formulation approach, type of product, raw material, features, and end applications.
v Based on the raw materials 4 things make up the ceramic tiles. These are feldspar, kaolin, silica, and bentonite.
v If you want to segment it based on the product type we have the industrial ceramic tiles and the ceramic tiles for walls, vitrified, and Floors.
v In terms of formulation, there are different ways to make ceramic tiles. These include casting dry pressing or extrusion. Based on their features some ceramics can be glazed or unglazed. Others may be scratch-free while some other types may be susceptible to scratch.
v Now based on the application we can segment ceramic tiles into those applicable for floors, walls, and several other building components.
v Generally, in terms of end-user, we classify ceramic tiles into two types. These are residential ceramic tiles and commercial ceramic tiles.
We will further delve into the market insights considering the applications and end-use.
Applications related to flooring have consistently led the ceramic tiles market. In 2021, it took up almost 60% of the entire market Revenue. And as the demand for commercial constructions, such as shopping malls and hotels, increases, we expect these to drive the demand for flooring ceramic tiles even higher. This tile the super effective and cost-effective. So this is attainable.
Also, architects and designers are enjoying increasing influence in the market of flooring ceramic tiles. As this option keeps being their go-to choice, expect that to boost the demand for ceramic tiles. Similarly, the ease of maintenance and captivating designs coupled with the stain and water resistance of ceramic tiles will further become a driver. It will Accelerate the demand for this product for flooring applications between 2021 to 2030.
Following the ceramic floor tiles are ceramic wall tiles. We expect these tiles to also register a considerable cagr of 7% between 2021 to 2013. The ideals of home decoration are transitioning. Today, there is an even more increasing demand for wall tiling patterns. This demand extends beyond living Spaces to office space. So as this product line and application expand, expect these to drive the market growth.
More than residential applications, the commercial uses of ceramic tiles took the most considerable market share. It accounts for almost 60% of the 2021 revenue attributable to the ceramic tile industry. Today, there is a surging demand for durability and cost efficiency when it comes to flooring in commercial spaces. They need something to help them cater to the overwhelming traffic to alluring aesthetics. Fortunately, ceramic tiles have just what it takes to meet up to this expectation. This has made it the leading choice when it comes to commercial spaces.
The residential segment had a 2021 valuation of about 160 billion dollars. In addition, we expect the cagr to grow by 7% between 2021 to 2030. Especially with the emergence of glazed ceramic tiles, these materials are set to witness an even higher level of applications across residential apartments. So in the coming years, it won't be surprising to discover that residential applications have actually exceeded the commercial applications of ceramic tiles.
What nations are dominating the market?
Asia-pacific took up about 50% of the 2021 revenue share. China and India are the leading markets in this region. However, we expect emerging markets such as North America to witness a considerable increase in market shares before 2022. This is because residential and commercial constructions are taking place consistently in these regions with high demand for high-quality flooring. Then Europe and the middle east follow closely.
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