MARKET ANALYSIS
The ceramic and porcelain market refers to the industry involved in the global construction and building material industry. Ceramic and porcelain tiles are used in various applications such as flooring, wall cladding, countertops, etc. Ceramic tiles comprise a mixture of minerals, water, and clay, which are then shaped and fired at high temperatures. Porcelain tiles are made from fine porcelain tiles, made from porcelain clay, and fired at even higher temperatures, resulting in a denser and more durable product. The ceramic and porcelain tiles are known for their aesthetic appeal, durability, and low maintenance requirement.
GROWTH DRIVERS AND CHALLENGES
Ceramic tiles and porcelain market are one of the fastest-growing market in the overall flooring market. Due to the COVID-19 outbreak, the market suffered several setbacks. India, one of the second-largest producer of ceramic tiles products, suffered several setbacks due to the COVID-19 outbreak, resulting in a need for finished tiles. However, the construction sector, an important market for ceramic tiles, has also suffered due to COVID-19, which affected the overall ceramic and porcelain tiles market. Rapid urbanization and rising disposable incomes contribute significantly to the market dynamics in developing economies like the Middle East & Africa and Asia-Pacific.
China, Japan, and India's construction industries are substantially growing due to the Asia-Pacific and the global market growth. Rising high population, urbanization, disposable income, and other factors positively affect the construction sector, driving the growth of the ceramic and porcelain tiles market. Concerns about the environmental effect of ceramic and porcelain tile manufacture are among the critical difficulties affecting the business. This industry is a major source of air pollution. Polluting materials such as residual dust clouds, smoke, and unburned particulates from gasoline, aerosol particles, paints, and glaze spray particles are discharged during product manufacture. Regulations governing the use of raw goods, post-industrial recycling, non-polluting production equipment, and technology development to reduce hazardous emissions have increased the cost of producing these tiles. As a result, increased government regulations are expected to stifle market revenue growth.
REPORT SEGMENTATION AND SCOPE
The “Global Ceramic and Porcelain Tiles Market Analysis for 2030” is specialize and in-depth study with major focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with details market segmentation by type, end use, and geography. The global ceramic and porcelain tiles market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provide key statistics on consumption of pet preforms worldwide along with their major demand in the countries. In addition, the report provides the qualitative assessment of various factor affecting the ceramic and porcelain tiles market performance in major region and countries. The report also includes comprehensive analysis of the leading players in the ceramic and porcelain tiles market and their key strategic developments. Several analyse on the market dynamics are also included to help identify the key driving factors, market factors, market trends, and lucrative opportunities that would, in turns, aid in the identifying the major revenue pockets.
Further, ecosystem analysis Porters five force analysis provide a 360-degree view the global ceramic and porcelain tiles market, which helps understand the supply chain and various factor affecting the market growth.
Segmental Analysis
The ceramic and porcelain tiles market is segmented based on type and end-use. Based on type, the ceramic and porcelain tiles market is segmented as wall tile, glazed ceramic tile, porcelain tile, scratch hardness, others.
Based on end-use, the ceramic and porcelain tiles market is segmented as commercial and residential.
Based on type, the glazed ceramic tile segment accounted for a dominating share which can be attributed to their extensive use in the glazed ceramic tile application. The glazed ceramic tile segment is accounted for as its significant and most popular segment in the industry due to its permanence and use of recycled materials during manufacturing, it is recognized as the most important and well-liked area in the glazed ceramic tile portion. It releases very few emissions and allies simultaneously throughout the modeling process. Because this porcelain tile has been burnished and dropped, it can be used both indoors and outside as a decorative product. It is the main characteristic anticipated to fuel the segment's revenue growth.
REGIONAL INSIGHTS
The report provides a detailed overview of the global ceramic and porcelain tiles market with respect to five major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
Asia-Pacific accounted for a significant share of the global ceramic and porcelain tiles market. It is predicted to dominate the global ceramic tiles and porcelain market for the forecast period. The Asia Pacific owns massive growth in technological advancement and building construction. China is the dominating country in the region and has a demand for ceramic and porcelain. The region is having large amounts of raw materials, availability of cheap labor and modern infrastructure investment will entirely influence the market growth.
INDUSTRY DEVELOPMENT AND FUTURE OPPORTUNITIES
- In Feb 2023, the johnsons tiles launched a new product encouraged by classic venetian terrazzo; Orby flaunts the build of implanted glass within three natural shades of ivory, grey, and terracotta, cool and warm tones to suit any design.330x330mm format is presented and has a natural finish. This long-lasting tile echoes mediterranean aesthetics with its scattered speckle figure whilst remaining neutrally compatible with stylish and rustic spaces.
- In March 2021, Duravit first announce the award-winning D-Neo range by Belgian designer Bertrand Lejoly. The D-Neo whole bathroom range stands out with its straight-lined and geometric shapes. The range’s attractive cost point allows new target groups to enjoy Duravit products. The design series and the faucets, in particular, have already won the German design award and the red dot award.
IMPACT OF COVID
The COVID-19 outbreaks relieved several productions and affected several economies around the world. The manufacturing industry has shown a reduction in the production rate. Temporary shutdowns, lockdowns, non-essential industries, and dropping needs from customers have resulted in a slump and formed a consequential impact on the market. Due to strict rules and restrictions, the building industry activity and government projects are set on holdup due to imposition and restriction.
MARKET PLAYERS
Some key players operating in the ceramic and porcelain tiles market include, CERA SANITARYWARE LIMITED, Duravit AG, Graystone Ceramic, Hansgrohe Group, Hsil Hindware, Johnson Tiles, Kajaria Ceramics Limited, Kohler Co., PORCELANOSA Grupo A.I.E, Super Ceramic Tiles and Design Sdn. Bhd., MOHAWK INDUSTRIES, INC., SCG CERAMIC, Groupo lamosa, Groupo cedasa, and Vitromex USA, Inc.