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.
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The report "Ceramic Tiles Market by Application (Floor, Wall, and Roof), Construction Type (New Construction, and Renovation & Replacement), End-use Sector (Residential, and Non-residential), and Region (North America, Europe, APAC) - Global Forecast to 2023". Browse 108 market data Tables and 30 Figures spread through 119 Pages and in-depth TOC on "Ceramic Tiles Market"
The wall segment is projected to dominate the global ceramic tiles market during the forecast period.
The wall segment is projected to lead the global ceramic tiles market during the forecast period. Ceramic wall tiles are predominantly used in kitchens and bathrooms; they have been gaining popularity due to their characteristics such as, resistance to water, fire, and moisture, cost-effectiveness, and high durability. The floor segment is expected to be the second-largest market during the forecast period.
Asia Pacific is expected to hold the largest market size in the ceramic tiles market during the forecast period.
Asia Pacific is estimated to account for the largest share of the market in 2017. The large share of this region can be attributed to the growing construction industry, supportive government policies & plans, and rapid urbanization. Among all countries in the Asia Pacific region, the ceramic tiles market in India is projected to grow at the highest CAGR during the forecast period. The Middle Eastern & African market is projected to be the second-largest market during the forecast period.
Key players operating in the ceramic tiles market include Mohawk Industries (US), Siam Cement (Thailand), Kajaria Ceramics (India), Nitco Tiles (India), Grupo Lamosa,(Mexico), China Ceramics
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