Ceramic& Porcelain Tiles Market: Introduction
In terms ofvalue, the global ceramic &porcelain tiles market is anticipated to expand at a CAGR of 5.5% from 2019 to 2027.Ceramic tiles are important materials that are used in bulk by theirsingle-largest end-user, i.e. the construction industry. Positive outlook forthe construction industry is estimated to propel the global ceramic &porcelain tiles market in the next few years. Flooring is an integral part ofresidential and commercial structures. Flooring holds significance inapplications ranging from residential houses and commercial institutions, suchas hospitals, to transportation infrastructure such as airports and railwaystations. Carpets, rugs, tiles, wood, and laminates are some of the keyproducts used in the flooring industry. Tiles, especially ceramic and porcelaintiles are widely used products in flooring applications.
Increase in Prices of Raw Materialsin Ceramic & Porcelain Tiles to Hamper Demand
Major rawmaterials employed during the manufacturing of ceramic tiles include feldspar,kaolin, bentonite, and silica sand. High consumption of raw materials inend-use applications other than ceramic tiles (especially glass, thermal andelectric insulation, paints, refractories, and food packaging) has led to sharpincrease in prices of raw materials since 2010. Thisis expected to adversely affect the global ceramic & porcelain tiles marketduring the forecast period. The presence of a wide range of end users offeldspar, clay, and industrial sand leads to high demand for these materials,which increases their prices. This is anticipated to hamper the global ceramic& porcelain tiles market in the near future.
Prices ofceramic and porcelain tiles are determined by end users. Suppliers are expectedto reduce their margins in order to sustain in the competition. Similarly,prices of ceramic and porcelain tiles are volatile owing to dynamism of theglobal economy and trade policies. This makes it difficult for suppliers toadopt a single pricing model.
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CeramicTiles to be Leading Product Type in Ceramic & Porcelain Tiles Market
In terms ofproduct type, the ceramic tiles segment is estimated to expand at a CAGR of morethan 5% duringthe forecast period. This can be ascribed to the increase in construction andinfrastructure development activities and rise in consumption of ceramic tilesfor decorative purposes. The ceramic tiles segment constituted significant shareof the global ceramic & porcelain tiles market in in 2018.The segment is projected to expand at a significant pace during the forecastperiod, due to increase in demand for ceramic tiles in the residential sectoracross the world.
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Floor Tiles to be Dominant UsageSegment in Ceramic & Porcelain Tiles Market
Based onusage, the global ceramic & porcelain tiles market has been segregated intofloor tiles and wall tiles. In terms of consumption, floor tiles was theleading product segment of the global ceramic & porcelain tiles market in 2018.This trend is likely to continue during the forecast period. Ceramic andporcelain tiles possess significant properties such as high water resistance,good mechanical strength, and better anti-static surface resistivity. Theseproperties make ceramic tiles favorable for usage as floor tiles, wall tiles,etc.
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Residential to be DominantApplication of Ceramic & Porcelain Tiles
Based onapplication, the global ceramic & porcelain tiles market has beenbifurcated into residential and non-residential. The residential segment heldprominent share of the global ceramic & porcelain tiles market in 2018.This trend is anticipated to continue during the forecast period. In terms ofvolume, the residential segment accounted for large share of the global ceramic& porcelain tiles market in 2018. Increase in residential housingactivities in developed as well as developing regions is estimated to drive thedemand for ceramic tiles during the forecast period.
AsiaPacific to be Lucrative Region of Ceramic & Porcelain Tiles Market
In terms ofconsumption, Asia Pacific dominated the global ceramic & porcelain tilesmarket in 2018. The market in the region is likely to expand at a strong pacefrom 2019 to 2027. Risein population, rapid urbanization, and strong economic growth are majormacroeconomic factors that are anticipated to fuel the demand for constructionactivities in the near future. Demand for ceramic tiles in Asia Pacific isanticipated to increase during the forecast period, due to recovery of theconstruction industry in the region. The ceramic & porcelain market in AsiaPacific is likely to continue to expand at a rapid pace during the forecastperiod, due to the rising demand for glazed ceramic and porcelain tiles in theinfrastructure development sector in Asia Pacific. Europe is also considered ahigh potential region for ceramic and porcelain tiles, due to rising demand forceramic tiles in countries such as Germany, the U.K., and Spain. This isexpected to boost the production of glazed as well as unglazed ceramic andporcelain tiles in Europe.
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Competition Landscape
The globalceramic & porcelain tiles market was highly fragmented in 2018,with the presence of large numbers of manufacturers. Players such as MohawkIndustries, Inc., SCG Ceramics, GRUPO Lamosa, GRUPO CEDASA/ INCOPISOS, RAKCeramics PJSC, Ceramica Carmelo FIOR, PAMESA, GRUPO FRAGNANI, Kajaria Ceramics,and STN Group cumulatively held more than 7% share of the market in 2018.Key manufacturers operating in the global ceramic & porcelain tiles marketinclude MohawkIndustries Inc., Porcelanosa Group, Crossville Inc., Gruppo Ceramiche RicchettiS.p.A, CERA Sanitaryware Ltd., Kohler Co., Kajaria Ceramics, Johnson, Jaquar,Ceramiche Atlas Concorde S.p.A, ARDEX GmbH, GRUPO Lamosa, Porcelaingres GmbH,and MEISSEN KERAMIK GmbH.
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