The global ceramic wall tiles market size is expected to reach USD 103.9 billion by 2025, ascending at a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc. Ceramic wall tiles are gaining high demand from residential and commercial applications to replace traditional wall covering materials including paint and wallpapers. Easy accessibility, superior dirt & heat resistance, and affordable pricing of these products are likely to drive the market.
Ceramic wall tiles are finding increasing adoption in newer residential application settings, such as living rooms, lobby, and bedrooms, on account of their low cost, low maintenance, and high durability. Rising demand for ceramic wall tiles as a cost-effective alternative to conventional stone materials, such as granite and marble, is likely to propel their demand in commercial constructions including corporate offices, hotel lobbies, and museums.
Ceramic tiles are considered to be eco-friendly as they are completely manufactured using natural materials, such as clay and sand, along with other recycled materials. Moreover, these wall tiles also help in reducing energy utilization in modern constructions on account of their insulating properties. Growing demand for environmentally sustainable building materials is expected to generate a progressive demand for the product.
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Consumers are experimenting with design, colors, and patterns to ensure a unique look of building structures. As a result, manufacturers are compelled to adopt advanced printing and production technologies to develop modern designs and textures. Product variation, tile quality, and unique designs coupled with established distribution networks are expected to be the key factors favoring growth of the major market players.
Ceramic Wall Tiles Market Report Highlights
· Commercial application accounted for over 55% of the overall demand in 2018 and is expected to continue its dominance over the forecast period owing to increasing investments in retail stores, shopping malls, and office buildings
· In the U.K., healthcare end-use segment is likely to progress at a CAGR of 4.7% over the projected period, in terms of revenue, owing to rising government efforts to renovate and upgrade healthcare facilities in the country
· Residential application segment in the Indian ceramic wall tiles market was valued at USD 2.2 billion in 2018 owing to high investments in residential construction activities fueled by rise in average household incomes, low-interest rates, and rising population
· HORECA segment in the Middle East & Africa is expected to generate USD 2.5 billion by 2025 owing to healthy growth of tourism industry in the UAE, Saudi Arabia, and Egypt
· The market players are likely to target the developing markets such as India, China, and Southeast Asian countries to tap the robust market opportunities resulting from the rapid growth of construction sector.
Ceramic Wall Tiles Market Segmentation
Grand View Research has segmented the global ceramic wall tiles market on the basis of dimensions, application, and region:
Ceramic Wall Tiles Dimensions Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
· 20 X 20
· 30 X 30
· 30 X 60
· 60 X 120
· Others
Ceramic Wall Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
· Residential
· Commercial
o HORECA (Hotels, Restaurants, Cafes)
o Office
o Healthcare
o Others