The global Porcelain tiles market is expected to reach USD 108.59 Billion by 2028, according to a new report by Reports and Data. The Porcelain tiles are typically used owing to their ability to resist stains, allergens, or bacteria, among others. Because of their anti-skid, lightweight, and anti-bacterial properties, these tiles are ideal for use in hotels, hospitals, laboratories, and pharmaceutical manufacturing facilities where hygiene is of utmost importance. Also, the aesthetic appearance and availability of diverse product variants of Porcelain tiles make them a suitable substitute to hardwood and other products such as marble, and concrete, among others.
There has been an introduction of various high-quality products owing to technological advancements in the industry. At present, several players in the market are making use of inkjet printing technology to cater to consumer demands for aesthetic tiles. The advent of new techniques, like the pressing and firing of tiles, incorporation of spray drying of clays, and specialized equipment for selection, manipulation, and control, have empowered manufacturers to manufacture and supply Porcelain tiles in various shapes, sizes, and textures.
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Top Lading Players: Atlas Concorde, Mohawk Industries, Crossville Inc., RAK Ceramics, Saloni Ceramica, Florida Tile, NITCO Tiles, Kajaria Ceramics, China Ceramics Co. Ltd., and Johnson Tiles, among others.
Some Key Highlights from the Report:
- By product type, glazed Porcelain tiles are forecasted to grow at the fastest rate of 7.3% in the forecast period. Glazed Porcelain tiles provide an additional protective layer that offers them better resistance from stain, water absorption, and frost resistance. These Porcelain tiles do not draw dust or dust mites and are resistant to harsh chemicals, which gives them better longevity.
- By construction type, the new construction types contributed to a larger market share in 2018 and are likely to grow at a significant rate in the forecast period attributed to the high growth of new construction activities especially in the developing countries in the Asia Pacific region.
- By application, flooring tiles held the largest market share with a revenue generation of USD 28.01 Billion in 2018 and is projected to witness a growth rate of 6.6% in the period 2019-2026.
- By end-user, the non-residential segment held a market share of around 55.0% in 2018 and is likely to have a growth rate of 6.7% in the forecast period.
- The market in the Asia Pacific region dominated the market in 2018 and is expected to grow at a rate of 7.2% in the forecast period. The market dominance of the Asia Pacific region is because of the occurrence of a high volume of construction activities along with strong growth in the economy and a vast population.
- The market in Europe is forecasted to experience a growth rate of 6.3% during the forecast period.
Segments covered in the report:
Product Type Outlook (Volume, Million sq. meter; 2018-2028 and Revenue, USD Million; 2018-2028)
- Glazed
- Porcelain
- Scratch-Free
- Vitrified
- Others
Construction Type Outlook (Volume, Million sq. meter; 2018-2028 and Revenue, USD Million; 2018-2028)
- Replacement Renovation
- New Construction
Application Outlook (Volume, Million sq. meter; 2018-2028 and Revenue, USD Million; 2018-2028)
- Roofing Tiles
- Flooring Tiles
- Wall Tiles
- Partition Tiles
End-User Outlook (Volume, Million sq. meter; 2018-2028 and Revenue, USD Million; 2018-2028)
- Residential
- Non-Residential
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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