Lucintel Forecasts Ceramic Tile Market to Reach $162.2 Billion by 2027

According to the recent study the ceramic tile market is projected to reach an estimated $162.2 billion by 2027 from $107.0 billion in 2021, at a CAGR of 7.2% from 2021 to 2027. Growth in this market is primarily driven by the growth in new construction and renovation activities. Growing demand of easy to maintain, better aesthetic, durable, and moisture, fire, and scratch resistant tiles are also other growth drivers of ceramic tile market.
Browse XX figures / charts and XX tables in this XX -page report to understand trends, opportunities and forecast in ceramic tile market by application (residential and commercial), product type (floor tiles, wall tiles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Residential market is expected to remain the largest segment during the forecast period.”
Based on application, the ceramic tile market is segmented into residential and commercial. Lucintel forecasts that the residential market is expected to remain the largest segment people opt for ceramic tiles because it fulfills all desired requirements, requires low maintenance, and provides an aesthetic appeal to buildings.
“Within the ceramic tile market, the floor tiles segment is expected to remain the largest product type”
Based on product type the floor tiles segment is expected to witness the highest growth over the forecast period.
“Asia pacific will dominate the ceramic tile market in near future”
APAC is expected to remain the largest as well as the highest growing region during the forecast period due to a larger construction industry in this region with changing lifestyle and growing end use industries, especially in China and India. Also, it is witnessing increasing urbanization, which is another contributing factor to the growth of this region.
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Major players of ceramic tile market are adopting various growth strategies like new product launches, expansions, merger and ++acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Mohawk Industries, Inc., Atlas Concorde, Ras Al Khaimah Ceramics PSC, Grupo Lamosa, and Interceramic are among the major ceramic tile providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ceramic-tile-market-2016-2021.aspx or helpdesk@lucintel.com
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