Ceramic Tiles Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Ceramic Tiles Market size was valued at USD 207.10 billion in 2021. It is expected to reach USD 312 billion by 2028, at a CAGR of 6.7% from 2022 to 2028. Some of the key factors influencing the market growth include rapid urbanization together with the rise in disposable income, increasing number of renovation & remodeling activities, demand for repair and maintenance, growing investments in the construction industry and technological advancements in the industry. However, volatile raw material prices and strict government regulations are hampering the market growth. Global Ceramic Tiles market report gives comprehensive outlook on ceramic tiles across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.This report studies global ceramic tiles market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global ceramic tiles market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Technological advancements in the industry has introduced high quality products along with eye pleasing appearance. Various ceramic tiles manufacturers are now using inkjet printing technology to meet consumer demand for aesthetic tiles. Technological advancements such as automation in manufacturing is projected to assist the market growth in the upcoming years. Recent advancement in processes has led to the development of the highest quality of finish in ceramic tiles. Population expansion, rising disposable income, increased renovation and remodelling activities, and increased investments in the residential and commercial sectors have all contributed to the growth of the ceramic tile industry. The industry might benefit from rising demand from emerging nations and the expansion of the organised retail sector. However, the market’s expansion is hampered by volatile raw material prices and rising regulations and tariffs.