Ceramic tiles market sales showcased steady growth between 2016 and 2021. However, the unprecedented COVID-19 outbreak impacted growth in 2020 as several construction projects came to a complete halt to contain the spread of the virus.
The global ceramic tiles market stood at US$ 84.8 Bn in the year 2021 and is expected to witness a CAGR of 7.2% between 2022 and 2032.
The ceramic tiles market is basically driven by properties like being water-resistant, highly durable, aesthetic appeal, and having cracking resistance. Ceramic tiles are preferred at the time of restructuring as well as renovation of shops, houses, malls, and various other facilities.
The latest trend on this count is that of digitally printed ceramic tiles. They are preferred due to intricate designs. As such, apart from aesthetic appeal, uniformity could be maintained in designs. These days, innovation has entered the interior décor part. Plus, they make way for scratch resistance, slip-resistance, and help in keeping bacteria at bay. European and North American countries are shelling out extra on improvement in appearance of floors and walls in office spaces and houses.
Ceramic tiles are also used to refurbish public recreational spaces, hospitals, schools, and public transport. Airports and railway stations are also being looked upon to have scope for improvement. These factors are expected to take the ceramic tiles market by storm in the forecast period.
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At the same time, there are factors restraining the ceramic tiles market; like release of polluting elements like suspended dust particles, unburnt particles from fuels, smoke, paint and glaze spray particles, and aerosol particles into the atmosphere. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Ceramic Tiles Market’.
Key Takeaways from Ceramic Tiles Market
Competitive Analysis
“With non-resilient flooring on the rise, the ceramic tiles market to grow on a remarkable note in the near future”, says an analyst from Future Market Insights.
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What does the Report track?
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jan 04, 2023