The ceramic tiles 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 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%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228236779

The residential segment is expected to grow at a higher CAGR in the global ceramic tiles market 

The residential segment is projected to be the faster-growing segment during the forecast period owing to the growing demand for aesthetic ceramic tiles and a growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of the population. All these factors are expected to fuel the demand for ceramic tiles in the residential sector.

Scope of the Report:

The ceramic tiles market has been segmented into the following submarkets:

By Application:

• Floor
• Wall
• Roof
• Others (Ceiling and countertop)
•  

By End-use Sector:

• Residential
• Non-residential
•  

By Construction Type:

• New construction
• Renovation & replacement
•  

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
•  

Ceramic tiles are used in various construction types such as in new construction and replacement & renovation activities. The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. It is easier and more cost-efficient to install ceramic tiles in new constructions than in replacement & renovation activities.

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