Ceramic Tiles Market Trends, Global Forecast & USD 118.96 Billion Projection by 2032

Ceramic Tiles Market Trends, Global Forecast & USD 118.96 Billion Projection by 2032

According to Fortune Business Insights, The global ceramic tiles market was valued at USD 83.30 billion in 2024 and is anticipated to expand from USD 86.97 billion in 2025 to USD 118.96 billion by 2032, reflecting a CAGR of 4.6% over the forecast period. In 2024, Asia Pacific held the largest share of 53.57%, establishing itself as the leading regional market. Key industry participants include Mohawk Industries Inc., Grupo Lamosa, RAK Ceramics, and Kajaria Ceramics Limited. The market is thriving due to its several properties, such as water-resistant, cracking resistance, aesthetic appeal, and high durability, which increase product demand. 

The market growth is primarily fueled by rising construction activities and increasing investments in infrastructure development across various countries. Ceramic tiles are gaining traction due to their durability, water resistance, crack resistance, and aesthetic appeal, making them a preferred choice for home renovations, commercial spaces, malls, and other facilities. Additionally, the growing population and higher disposable incomes are further boosting demand, supporting the overall expansion of the market.

Request a FREE Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ceramic-tiles-market-102377

List of the Companies Profiled in the Ceramic Tiles Market:

• MOHAWK INDUSTRIES INC. (U.S.)
• SCG CERAMICS (Thailand)
• Grupo Lamosa (Mexico)
• Grupo Cedasa (Brazil)
• RAK CERAMICS (UAE)
• Cerâmica Carmelo Fior (Brazil)
• PAMESA CERÁMICA SL (Spain)
• Kajaria Ceramics Limited (India)
• STN Cerámica (Spain)
• Porcelanosa Group (Spain)

Segmentation-

Rising Governments Initiatives for the Economically Weaker Section Drives Residential Segment

On the basis of end-use, the market is divided into non-residential and residential. The residential segment will expected to rule due to the rising government initiatives to create houses for the economically weaker section of the community and the exponential rise in population.

Growing Demand for Ceramic Tiles Will Favor Market Development

In terms of application, the market is fragmented into floors, wall, and others. The floors segment will gain traction due to the growing demand for ceramic tiles with a variety of colors, textures, and patterns to improve the aesthetic appearance.

Report Coverage

The report provides insights into the regional analysis covering different regions, contributing to the market's growth. The report includes qualitative and quantitative analysis of several factors, such as the key drivers and restraints that will impact the market. Adopting strategies by major players to introduce partnerships, collaboration, and new products will contribute to the market's growth.

Drivers and Restraints

Increase in the Development of Infrastructural Activities to Fuel Market Expansion

The increase in the development of infrastructural activities combined with the growing investment is among the crucial factor that has led to the growth of the market. Furthermore, the shifting preferences of consumers toward ceramic tiles for the renovation of malls, houses, and shops are stimulating the market's growth. Meanwhile, the environmental impact caused by the production of ceramic tiles could impede market growth.

Regional Insights

Growing Employment in the Veterinary Sector Nurtures Growth in North America

Asia Pacific held a strong foothold in the global ceramic tiles market share during the forecast period. Certain factors, such as the high consumption of ceramic-based tiles and growing infrastructural developments, could spur market growth.

North America is anticipated to have considerable growth due to the burgeoning demand for green and energy-efficient buildings for governmental and commercial offices.

European Market is likely to display prominent growth during the forecast period due to the rising investment by the end-users in renovation and replacement activities across the region.

Competitive Landscape

Prominent Giants are Emphasizing on a Variety of Designs to get an Extra Edge in the Market

Major companies such as RAK ceramics and Mohawk Industries are investing notable sums into the ceramic titles to establish their solid footholds in the marketplace. Furthermore, the prominent giants in this segment are emphasizing on a variety of designs, shapes, sizes, and styles to improve their aesthetics.

Information Source: https://www.fortunebusinessinsights.com/ceramic-tiles-market-102377

Key Industry Development:

• October 2024 -RAK Ceramics partnered with Sobha Constructions LLC to supply premium ceramics and porcelain tiles for Sobha's upcoming projects. With this partnership, RAK Ceramics increases its customer base in the construction industry.
• June 2024- RAK Ceramics PJSC completed the full acquisition of RAK Porcelain LLC. With this acquisition, the company made it a wholly owned subsidiary. Such a development strategy helps a company to strengthen its market presence and capture significant market share across the globe.