Authored By: Sarah
11 Jul 2024

 Ceramic and Natural Stone Tiles Market Size to grow by USD 83.05 billion between 2024-2028

According to a research report “ Ceramic and Natural Stone Tiles Market” by Type (Porcelain, Glazed ceramic, Granite, Limestone, Others) End-user (Commercial, Residential, Recreational) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 83.05 billion, at a CAGR of  7.19% during the forecast period. The construction and real estate sectors serve as significant growth drivers for the ceramic and natural stone tiles market. With the expansion of infrastructure projects, such as roads, bridges, and public buildings, as well as residential and commercial developments, the demand for these tiles as flooring and wall solutions escalates. The construction sector heavily utilizes ceramic and natural stone tiles for flooring, cladding, and other applications. In Europe, where durability and aesthetic appeal are key considerations for homeowners and developers, ceramic and natural stone tiles are a preferred choice for both new construction and renovation projects.

Browse market data tables, figures, and in-depth TOC on “Ceramic and Natural Stone Tiles Market” by Type (Porcelain, Glazed ceramic, Granite, Limestone, Others) End-user (Commercial, Residential, Recreational) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the Porcelain segment is projected to dominate the market size in 2024

The ceramic and natural stone tiles market experiences robust growth, primarily driven by the construction sector's expansion. This sector holds significant economic importance on a global scale. The commercial segment of the market, which caters to the building and construction industry, experiences substantial demand for ceramic and natural stone tiles. Notably, the increasing number of megaprojects and investments in infrastructure development, particularly in emerging economies like India, significantly boosts the commercial segment's growth. Moreover, the burgeoning investments in commercial projects, including hotels, malls, airports, and offices, have fueled the demand for ceramic tiles in recent years. The escalating need for office buildings, restaurants, hospitality establishments, and luxury structures will further propel the growth of the commercial segment.

By End-user, Commercial  segment is expected to hold the largest market size for the year 2024

In the realms of architectural materials, Porcelain tiles, a category of ceramic tiles, have gained significant traction due to their inherent properties that make them ideal for high-moisture environments. Specifically, these areas include bathrooms and kitchens, where water usage and humidity levels are prevalent. Porcelain tiles are manufactured from finely-ground white clay, resulting in a material that is highly resilient, robust, and remarkably durable. The surging demand for Porcelain tiles can be attributed to their superior performance and suitability for replacement projects in both residential and commercial establishments.

APAC is forecasted to hold the largest market size by region in 2024

The Asia-Pacific (APAC) region is poised for substantial expansion in the global ceramic and natural stone tiles market over the forecast period. This growth can be attributed to substantial investments from both public and private sectors in building and construction projects. For instance, in India, government initiatives such as the Smart City Mission and Housing for All are catalyzing growth in the construction and infrastructure sectors. In China, a significant issue contributing to the surge in demand for ceramic tiles is the mitigation of noise pollution, which has affected the quality of life for residents since 2016. Overall, the region's increasing expenditure towards infrastructure development and modernization is fueling the demand for both ceramic and natural stone tiles in APAC. China, in particular, remains a key market for ceramic tiles in the region.

The Ceramic and Natural Stone Tiles Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Arizona Tile LLC
  • Artisans of Devizes
  • Atlas Ceramics South Limited
  • Authentic Stone Ltd.
  • Bedrosians Tile and Stone.
  • Bisazza SpA
  • Clayhaus Ceramics
  • Discount Ceramics Leicester
  • Hakatai Enterprises Inc.
  • Heritage Ceramics Ltd
  • Kohler Co.
  • London Tile Co
  • Panariagroup Industrie Ceramiche S.p.A.
  • Royal Stones Ltd.
  • Sarsen Stone Group
  • Stone Direct International Ltd
  • Susan Jablon
  • THE STONE and TILE COMPANY LTD
  • Tile America
  • Vogue Ceramics Ltd
.

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Research Analysis Overview

The Ceramic and Natural Stone Tiles Market is witnessing significant growth due to the increasing demand for water-resistant, chemical-resistant, and stain-resistant flooring options in both the residential and commercial sectors. Regulatory bodies like the EPA are enforcing stricter regulations on water effluent discharge and carbon gas emissions from manufacturing processes, driving the market towards more sustainable and eco-friendly production methods. Building aesthetics continue to be a key factor in consumer preferences, making ceramic and natural stone tiles popular decorative flooring choices. Infrastructure up-gradation in commercial and industrial buildings, population expansion, and economic development are also contributing to the market's growth. The market offers various sizes, textures, colors, and qualities to cater to diverse consumer needs. Investments in renovation activities and the replacement of existing flooring in single-family houses are also driving demand. The market's durability and low-maintenance properties make it an attractive option for the construction sector, particularly in the context of increasing construction activities. Overall, the Ceramic and Natural Stone Tiles Market is expected to continue its growth trajectory in the coming years.

Market Research Overview

The ceramic and natural stone tiles market is a thriving industry that caters to the demand for durable decorative materials for both residential and commercial building structures. The market includes various product segments such as limestone, granite, and porcelain tiles, each offering enhanced physical properties for different decorative and functional applications. In the residential sector, ceramic and natural stone tiles are popular for their superior strength and resistance to stains, bacteria, and chemicals in bathrooms, laundry rooms, and kitchens. Wet area applications, in particular, require water-resistant and stain-resistant properties, making these tiles a preferred choice. The commercial sector also heavily relies on ceramic and natural stone tiles for flooring and wall applications due to their long-term value and durability. The global pandemic has led to a surge in infrastructure up-gradation, construction projects, and renovation activities, further fueling the market growth. However, market growth may be restricted by strict regulations regarding water effluent discharge and carbon gas emissions from mining activities. Recycled glass tiles and rubber tiles are emerging as substitutes, offering eco-friendly alternatives. Consumer preferences for decorative flooring options, such as water-resistant, chemical-resistant, stain-resistant, and low-maintenance flooring, continue to drive market growth. The construction industries' investments in infrastructure development, population expansion, and industrial development are expected to boost the market further. The market offers various sizes, textures, colors, and qualities to cater to diverse consumer needs and preferences. Overall, the ceramic and natural stone tiles market is a significant contributor to the construction sector and offers a wide range of products to enhance building aesthetics and functionality.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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