CERAMIC TILES MARKET FORECAST Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

CERAMIC TILES MARKET FORECAST Overview: A tile is a manufactured substance primarily used as a covering material for floors, roofs, walls, showers, and other objects. Tiles are made up of ceramic, metal, stones, and glass. Ceramic tiles are made up of sand, clay and natural products. These tiles are manufactured by molding the raw materials as per desire and shape and then heating them in a kiln at high temperatures. The growth of the ceramic tiles market can be attributed to the growing consumption of residential buildings, hospitals, and laboratories among others owing to their durability and low price. The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast period. The global ceramic tiles market is expected to expand at an encouraging CAGR during the forecast period Moreover, the increasing investment in infrastructural development across the globe is expected to have an appositive impact on the growth of the market. Moreover, the low maintenance and high durability are other factors boosting the market growth. Ceramic Tiles Market : Overview, Regional Analysis, Categorization, Top Global Players And Forecasts to 2023

CERAMIC TILES MARKET FORECAST The Global Ceramic Tiles Market Share By End-Use Industry (%): Source: MRFR Analysis

4 CERAMIC TILES MARKET FORECAST Regional Analysis: Geographically, Ceramic Tiles Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a dominant market with an encouraging CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of ceramic tiles in the developing countries of Asia Pacific. Moreover, the encouraging government regulation such as tax benefits and incentives in the region has attracted many industry players to enter the lucrative market of Asia Pacific which in turn is fuelling the market growth. Furthermore, the presence of most populated countries such as China and India has augmented the building & construction industry, which, in turn, is significantly driving the demand for ceramic tiles in the oil and gas industry. China, India, and Japan are the largest consumers of ceramic tiles in this region. North America is another dominant region in the ceramic tiles market. The growing construction sector in the region is the major factor driving the demand for ceramic tiles. Canada and the U.S. are the major countries attributing to this growth. The European market for ceramic tiles is expected to witness a steady growth during the forecast years. The growing EU regulation for the control of greenhouse emissions has driven the market to a stagnant growth during the forecast years.

CERAMIC TILES MARKET FORECAST Categorization: The global Ceramic Tiles Market is segmented into the product, raw material, and application. On the basis of raw material, the market is segmented into feldspar, kaolin, bentonite, silica sand, and others. On the basis of the product, the global ceramic tiles market is segmented into wall ceramic tiles, floor ceramic tiles, and others. On the basis of the application, the global ceramic tiles market can be further segmented into commercial, residential and others.

CERAMIC TILES MARKET FORECAST Top Global Players: Some of the Top Key Players functioning in the Global Ceramic Tile Market are: The Siam Cement Public Company Ltd. (SCG), Mohawk Industries Inc., Kajaria Ceramics, Roca Sanitario, S.A, RAK Ceramics, Group Lamosa, Panariagroup Industrie Ceramiche S.p.A, Guangdong Dongpeng Ceramic Co. Ltd., Gruppo Concorde, Pamesa Ceramica

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