Key Highlights:
· In termsof value, the global ceramic tiles market was stood around US$88.0 Bn in 2018 and is anticipated to expand at aCAGR of more than 9% from 2019 to 2027
· Based onproduct type, floor tiles was major product type accounted for more than 50% ofthe total ceramic tiles in terms of volume and value in 2018.Ceramic tiles are strong, easy to maintain, and cost effective. This makes theman appealing choice over other types of flooring such as vinyl, and wood.Ceramic tiles are available in a wide variety of shapes, colors, sizes, anddesigns.
· In termsof application, residential replacement was the dominant application accountedfor more than 40% of the total ceramic tiles market in 2018.It is likely remain dominant application between 2019 and 2027
· Based onregion, Asia Pacific held major share in 2018 and is expectedto grow at significant rate of more than 9.0% compared toother region during forecast period 2019 to 2027.Low manufacturing cost, increasing disposable incomes, and rising constructionactivities in Asia Pacific drive the market for ceramic tiles in the region
Increase in Raw Material Prices and CO2 emissionsduring ceramic tile production May Hamper Overall Ceramic Tiles Demand
· Major rawmaterials employed during the processing of ceramic tiles include feldspar,kaolin, bentonite, and silica sand. After the economic crisis of 2008,prices of these raw materials have been increasing across the world
· Highconsumption of these raw materials in other Application applications(especially glass, thermal and electric insulation, paints, refractories, andfood packaging) has led to sharp increase in their prices after 2010. Thisis anticipated to affect the ceramic tiles market during the forecast period.
· Therecent shift toward consumption of these raw materials in other industries(such as feldspar in the production of fiberglass) has led to shortage of rawmaterial supply in the ceramic tiles market to a certain extent
· Presenceof a large number of Applications of feldspar, clay, and industrial sand leadsto higher demand for these materials. This, in turn, increases their prices
· Variousproduction processes are employed in the processing of ceramic products such astiles and sanitary ware
· Processingof raw materials such as clay and silica sand results in dust formation andemission of particulate matter and greenhouse gases. Particulate matter andgreenhouse gases are emitted primarily during drying, firing, and machiningoperations during the manufacture of ceramic tiles.
· Emissionof carbon dioxide during the manufacture of ceramic tiles is anticipated tohamper the ceramic tiles market during the forecast period
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Asia Pacific Expected to be Highly Lucrative Regionof Global Ceramic Tiles Market
· In termsof region, the global ceramic tiles market has been divided into North America,Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacificaccounted for more than 60.0% of the ceramic tiles market in 2018
· AsiaPacific is anticipated to hold prominent share of the global market during theforecast period from 2019 to 2027, owing to surgein the demand for ceramic tiles from China, India, and ASEAN. Key drivers ofthe ceramic tiles market in India are boom in the housing sector and governmentpolicies fueling growth of the housing sector
· AfterAsia Pacific, Europe is the major region for ceramic tiles market. Demand forceramic tiles in Europe is increasing and the market in the region is likely tooffer lucrative opportunities to ceramic tile manufacturers in the near future.This is attributable to increase in construction activities in the region
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Global Ceramic Tiles Market -Key Developments
· In March2020, Azuliber, a leading spain-based ceramic company is first ceramic tilefactory to use EFI (Electronics For Imaging) cretaprint hybrid technology. TheEFI Cretaprint Hybrid solution includes digital glazing and aqueous inkjetprinting. One of the drivers behind this new technology is the positiveenvironmental impact on the ceramic tile manufacturing process, both inreducing consumed resources (glazes, water and energy) and in reducingemissions and other waste
· In 2018, CeramicaGladymar, a leading Bolivian floor and wall tile manufacturer, has commissionedItalian ceramic machinery supplier SITI BT Group to build a complete line forits factory in Santa Cruz. The plant will raise the company’s productioncapacity to 600,000 sq.m/month, allowing Gladymar tostrengthen its position as the only large-size tile producer in the country
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Global Ceramic Tiles Market: Competition Landscape
· A largenumber of small- and large-scale manufacturers operate in the global ceramictiles market. These companies offer different types of ceramic tiles forvarious applications. Key players profiled in the report on the global ceramictiles market are Mohawk Industries, Inc., Siam Cement Group, Ras AlKhaimah (RAK) Ceramics, Grupo Lamosa, Kajaria Ceramics, China Ceramics Co.Ltd., LASSELSBERGER GmbH, Panariagroup Industrie Ceramiche S.p.A., GruppoConcorde S.p.A., Johnson Tiles, and Kale Group
· A largenumber of ceramic tile products are available for different end-userindustries. Market players are adopting strategies such as pricing and productimprovement to increase their profit margins and strengthen their marketposition.
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