Ceramic Tiles Market Size Worth USD 120 Billion by 2030 Witnessing a CAGR of 17…. – Press Release


New York, US, May 19, 2022 (GLOBE NEWSWIRE) — Ceramic Tiles Market Overview:

According to a Comprehensive Research Report by Market Research Future (MRFR), “Ceramic Tiles Market Information by Raw Material, Product, Application, and Region – Forecast till 2030“, the market is estimated to grow at a CAGR of 17.25% CAGR to reach USD 120 Billion by 2030.

Market Scope:

Ceramic tiles are made up of clays as well as other natural resources including sand, quartz, and water. They are commonly utilized as bathroom and kitchen floor surfaces in homes, restaurants, workplaces, and shops. They are simple to install, clean, and maintain, and they are reasonably priced.

Competitive Dynamics:

The ceramic tile market share has been increasing because of the excellent performance that has been recorded by the following market players:

  • Mohawk Industries (US)
  • STN Ceramica (Spain)
  • Siam Cement Group (Thailand)
  • Grupo Fragnani (Brazil)
  • Grupo Lamosa (Mexico)
  • Pamesa Ceramica (Spain)
  • RAK Ceramics (UAE)
  • Ceramica Carmelo Fior (Brazil)
  • Kajaria Ceramics (India)
  • Grupo Cedasa (Brazil)

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Market USPs Covered:

Market Drivers:

Due to population expansion and an increase in people’s disposable money, the ceramic tile market has been rising at a rapid pace. In addition, there has been a significant increase in renovation and remodeling operations, which must lead to an increase in residential and commercial investment. The market is experiencing new development prospects as demand from emerging nations grows in tandem with the growth of the organized retail sector.

The market for ceramic tiles is seeing an increase in demand as the population grows. Furthermore, the migration of people from rural to urban regions has accelerated the rate of growth. By the year 2050, the global population is expected to reach 9.5 billion, with cities accounting for at least 66.4 percent of the total. The United Nations Population Division provided…