DUBLIN--(BUSINESS WIRE )--The "Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global ceramic tiles market reached a value of US$ 75.4 Billion in 2021. Looking forward, the market is expected to reach US$ 107.3 Billion by 2027, exhibiting a CAGR of 5.9% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Ceramic tiles are thin slabs predominantly made of naturally occurring minerals like clay, silica sand, feldspar and dolomite. As compared to their counterparts, these tiles are durable, provide substantial resistance to high temperature and can withstand exposure to caustic or acidic chemicals.
Due to their aesthetic appearance and availability in various designs, textures, colors, shapes and sizes, these tiles have emerged as an alternative to hardwood and other flooring products like marble, concrete, etc.
Owing to these attributes, along with their lightweight, anti-skid and anti-bacterial properties, these tiles are preferred for use in hospitals, hotels, laboratories and pharmaceutical manufacturing facilities where hygiene is of prime importance
Global Ceramic Tiles Market Drivers:
Ceramic tiles are available in different glaze options and styles, which range from traditional to western. With consumers seeking stylish and less expensive flooring options, their demand has significantly increased over the past few years.
As they are mostly composed of naturally occurring minerals, the manufacturing of these tiles is an environment-friendly process. However, recent technological advancements have enabled manufacturers to further reduce carbon emissions and other harmful gases during the production process.
The arrival of new methods, such as the incorporation of spray drying of clays, pressing and firing of tiles, etc., and specialized equipment for selection, manipulation and control, have enabled manufacturers to produce and supply ceramic tiles in different shapes, sizes and textures.
Rapid industrialization and urbanization, and inflating per capita income, especially in emerging economies, such as China, India, Brazil and Russia, have resulted in increased construction activities in residential, commercial and industrial sectors, thereby, escalating the demand for high-quality flooring products.
Currently, floor tiles dominate the market, accounting for more than half of the total share. These tiles find application in the residential and institutional sectors on account of their low cost, ease-of-use, and availability in varied shapes and sizes.
According to the global ceramic tiles market research report, the residential sector represents the leading segment in the market, owing to the low cost and aesthetic appearance of these tiles. They are majorly utilized in apartments, high-rise buildings and individual houses.
At present, China represents the biggest producer, consumer and exporter of these tiles in the global market. This can be attributed to the easy availability of raw materials and low labor costs in the region.
Key Questions Answered in This Report:
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900