Decorative Tiles Market Scope
Decorative tiles are basically made up of ceramic, porcelain, marble and stones tiles. It is mostly used for covering floors, walls, roofs, and other objects. It is available in various range from simple square tiles to complex tiles. Rising foreign direct investment (FDI) in construction and supportive government measures & initiatives, raising awareness regarding the benefit of decorative tiles in the construction industry are some of the major which affect the growth of the market in future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | RAK Ceramics P.J.S.C (United Arab Emirates), The Siam Cement Public Company Limited (Thailand), Grupo Lamosa, S.A.B. de C.V. (Mexico), Roca Sanitario, S.A. (Spain), Panariagroup Industrie Ceramiche S.p.A (Italy), Kajaria Ceramics (India), Mohawk Industries Inc. (United States), Grupo Concorde (Mexico), Pamesa Cerámica S.L. (Spain) and Guangdong Dongpeng Ceramic Co., Ltd. (China) |
CAGR | % |
The decorative tiles market is highly fragmented with several major players such as RAK Ceramics P.J.S.C (United Arab Emirates), The Siam Cement Public Company Limited (Thailand), Grupo Lamosa, S.A.B. de C.V. (Mexico), among others Research Analyst at AMA estimates that China Manufacturers will contribute to the maximum growth of Global Decorative Tiles market throughout the predicted period.
RAK Ceramics P.J.S.C (United Arab Emirates), The Siam Cement Public Company Limited (Thailand), Grupo Lamosa, S.A.B. de C.V. (Mexico), Roca Sanitario, S.A. (Spain), Panariagroup Industrie Ceramiche S.p.A (Italy), Kajaria Ceramics (India), Mohawk Industries Inc. (United States), Grupo Concorde (Mexico), Pamesa Cerámica S.L. (Spain) and Guangdong Dongpeng Ceramic Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are China Ceramics (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Decorative Tiles market by Type , by Application (Floor, Wall, Countertop and Others) and Region with country level break-up.
On the basis of geography, the market of Decorative Tiles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2023, Florida Tile, a leading U.S. ceramic tile manufacturer, announced a strategic partnership with Italian tile company Iris Ceramica Group. The partnership will focus on expanding distribution of Iris Ceramica's high-end porcelain tiles in the North American market.
In November 2023, Imola Ceramica, an Italian tile company, launched its "Hyper Nature" collection featuring realistic wood-look porcelain tiles with enhanced durability and scratch resistance.
According to the qualicer.org, there should be specific technical requirements of ceramic tiles for specific uses such as determination of water absorption, resistance to thermal shock, chemical resistance. glazed tiles, among others. Hence, it may act as a hamper for the growth of the market in the future.
Influencing Trend:
Growing Demand for Decorative Porcelain Tiles and Rising in Popularity of Green Building Standards
Market Growth Drivers:
High Demand for Ceramic Decorative Tiles and rise in the Number of Renovation & Remodeling Activities, Rising Construction Industry Worldwide, Due to the Increasing Population and Rising Urbanization and Rise in Consumer Awareness for Sustainable Products such as Ceramic Tiles, Porcelain Tiles, and Stone Tiles
Challenges:
Issue Related To High-Cost Associated with the Skilled Workforce and Time Consuming and Difficult Installation Process
Restraints:
A major concern regarding Stringent Environmental Regulations and The problem regarding the Volatile Raw Material Prices and High Cost of Eco-Friendly Tiles
Opportunities:
Rapidly Growing Construction Activities in Emerging Countries Such as India, China, Brazil, Among Others
Key Target Audience
Raw Material Suppliers, Decorative Tiles Manufacturers, Decorative Tiles Material Suppliers and Distributors, End Users, Associations and Industry Bodies and Government & Regulatory Bodies