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Ceramic Tiles Market | CAGR of 7.03% | Global Forecast to 2023

The ceramic tiles market size is estimated to grow from USD 227.9 billion in 2018 to USD 320.1 billion by 2023, at a CAGR of 7.03%. The market is projected to witness steady growth in the next few years, due to the rise in new construction activities resulting from rapid industrialization and urbanization. Increase in investments in the construction industry, the rise in population, and growing focus toward interior decoration.
The report aims at estimating the market size and future growth potential of the ceramic tiles market across different segments, namely, application, end-use sector, construction type, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report further aims to study individual growth trends, future prospects, and contribution of various segments to the overall market. The study also analyzes the opportunities in the market for stakeholders and provides details of the competitive landscape for market leaders. It strategically profiles key players and comprehensively analyzes their core competencies.
The market ecosystem includes various stakeholders involved in the supply chain of the ceramic tiles market starting from the procurement of raw materials to final product manufacturing. Post this, the marketing and sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential consumers. The market for ceramic tiles is led by major players such as Mohawk Industries (US), Kajaria Ceramics (India), China Ceramics (China), Siam Cement (Thailand), and Grupo Lamosa (Mexico).
Target Audience:
  • Raw material suppliers
  • Ceramic tiles manufacturers
  • Ceramic tiles material suppliers and distributors
  • End users
  • Associations and industry bodies
  • Government & regulatory bodies
The growth of the ceramic tiles market is hindered by the volatility in the prices of raw materials. Fluctuations in the prices of raw materials such as silica sand, kaolin, feldspar, and bentonite increase the capital involved in the entire manufacturing process of ceramic tiles. Rising costs and unexpected deviations in raw material prices destabilize the supply chain and render it difficult for manufacturers to sustain in the competitive ceramic tiles market.
The global ceramic tiles market is dominated by players such as Mohawk Industries (US), Kajaria Ceramics (India), China Ceramics (China), Siam Cement (Thailand), and Grupo Lamosa (Mexico).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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