Global Ceramic And Natural Stone Tiles Market by Product (Porcelain Tiles, Travertine, Limestone, Granite) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global ceramic and natural stone tile market was valued at USD 362.7 million in 2020. It is projected to grow at a compound annual rate (CAGR of 5.8%) between 2021 and 2028. Market growth is expected to be driven by the rapid expansion of construction and renovation activities in existing buildings. There are many options for sizes, colors, textures and textures. This has led to increased market demand. The market will be driven by strong economic and industrial growth, population expansion, as well as increased investments in residential and commercial sectors.

Due to the increasing number of single-family homes and the strengthening residential replacement, the market in the U.S. will experience significant growth. The country's market growth will be supported by changing consumer preferences, increasing numbers of industrial and commercial properties, and the recovery in residential construction.

The demand for durable, high-maintenance and stain- and chemical-resistant flooring will likely increase over the next few years. The product demand is likely to rise due to an increase in decorative flooring options, including a variety of colors and dimensions, to enhance the building's aesthetics.

Regulatory bodies such as the European Commission and EPA and China's Ministry of Environmental Protection have taken various measures to reduce carbon gas emissions and water effluents during product manufacturing. Market growth is likely to be impeded by strict regulations over the forecast period.

Market growth is likely to be limited by rising demand for substitutes such as rubber and recycled glass tiles, and strict regulations and restrictions on mining activities like Directive 2006/21/EC guidelines from the EU. The market growth in natural stone and ceramic tiles was also affected by the temporary closure of construction industries and delays or cancellations of construction projects caused by the global pandemic.

Product Insights

Because of its wide use in different construction applications (walls and floors), the porcelain tiles segment dominated the market. It accounted for over 51% of global revenue in 2020. These tiles have a lot of long-term value due to their durability, resistance to bacteria and stains.

By 2028, the glazed ceramic tiles segment will account for the second largest revenue share. The growth can be attributed to the rising demand for glazed ceramic tiles in kitchens, laundry rooms and bathrooms due to its stain-resistant and water-resistant properties. Granite products are expected to grow in popularity due to their superior strength and better physical properties.

Granite's zero water absorption makes it ideal for use in wet areas such as bathrooms. Due to increasing use of limestone products in flooring and decorative purposes in residential and commercial buildings, the segment of limestone is expected to see significant growth. In the future, the demand for durable decorative materials will likely increase.

Regional Insights

Asia Pacific was the dominant market, accounting for more than 45% of global revenue in 2020. This is due to increased renovation projects in emerging economies such as India and China. Due to the strong presence in the region of prominent manufacturers, the regional market will grow at a faster CAGR between 2021 and 2028.

High temperatures and extreme climates are characteristic of the Asia Pacific region, which will increase flooring demand. The region's growing tourism industry has created a need for more restaurants and resorts. This will drive product demand.

The government programs such as the National Infrastructure Program by Mexico and the National Housing Commission from the Mexican government are expected to have a positive impact on the construction industry. This will favor the market prospects in Central & South America. The market is expected to grow due to the growing demand for better infrastructure, such as airports. Due to rising flooring demand, Europe will have the second largest market revenue share in 2028.

Market Share Insights & Key Companies

To strengthen their market position and gain a competitive edge, key players employ various strategies such as partnerships or mergers and acquisitions. The development of eco-friendly products and increased R&D has led to stricter environment regulations. This will increase market penetration for manufacturers.

The industry's major players focus on improving product quality, optimizing operational costs, maximising production output and acquiring smaller companies to maintain their competitive edge. The following are some of the major players in the global market for natural stone tiles and ceramic tiles:

• Porcelanosa Grupo

• Grupo Cedasa

• RAK Ceramics

• Crossville, Inc.

• Atlas Concorde

• Mohawk Industries

Up Market Research published a new report titled “Ceramic And Natural Stone Tiles Market research report which is segmented by Product (Porcelain Tiles, Travertine, Limestone, Granite), By Players/Companies Grupo Cedasa, Mohawk Industries, Atlas Concorde, RAK Ceramics, Crossville Inc, Porcelanosa Grupo”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Ceramic And Natural Stone Tiles Market Report Segments:

The market is segmented by Product (Porcelain Tiles, Travertine, Limestone, Granite).

Ceramic And Natural Stone Tiles Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ceramic And Natural Stone Tiles Market

Overview of the regional outlook of the Ceramic And Natural Stone Tiles Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Ceramic And Natural Stone Tiles Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ceramic And Natural Stone Tiles Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Porcelain Tiles

                2. Travertine

                3. Limestone

                4. Granite

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ceramic And Natural Stone Tiles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Ceramic And Natural Stone Tiles Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.