Global Ceramic Wall Tiles Market is valued at approximately USD 81.94 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.10% over the forecast period 2022-2029. Ceramic Wall Tiles are thin slabs made primarily of natural minerals such as clay, silica sand, feldspar, and dolomite. They can withstand high temperatures as well as caustic or acidic chemicals. Because of their aesthetic appearance and availability in a variety of designs, textures, colours, shapes and sizes. The Ceramic Wall Tiles market is expanding because of factors such as the growing population and the growing expansion of the retail sector. However, the global population shift from rural to urban areas has accelerated the market growth over the world. Another factor is the growing expansion of the retail sector due to the increase in the growth of the ceramic wall tiles market over the world.
According to the World Bank Data, the total population in the year 2020 is USD 7.76 billion and the total population in the year 2021 be USD 7.84 billion. Another factor is the growing expansion of the retail sector. For instance, according to Statista, the sales of the retail market in the year 2021 are USD 26 trillion and the expected sales of the retail market in the year 2024 are USD 30 trillion. Therefore, it increases the growth of ceramic wall tiles. The opportunity for ceramic wall tiles is increasing government initiatives in ceramic wall tiles due to increasing the market demand over the forecast. However, the lesser acceptance of Ceramic Wall Tiles stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ceramic Wall Tiles Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the marketin terms of revenue, owing to the dominance of the highest producers and manufacturers of ceramic wall tiles as well as the rapid increase in population would boost the market demand. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising the new house unit, increasing government initiatives, and increasing the retail sector would create lucrative growth prospects for the Ceramic Wall Tiles market across Asia Pacific region.
Major market player included in this report are:
Kajaria Ceramics Limited
AGC Ceramics Co., Ltd
The Chemours Company
Nitto Denko Corporation
Recent Developments in the Market:
In June 2020, RAK Ceramics, one of the world’s largest premium ceramic brands agreed to extend its agreement with Azizi Developments, the UAE’s leading private developer. The two companies have agreed to supply floor and wall tiles as well as kitchen and bathroom fixtures to Dubai’s prestigious river in MBR City waterfront project.
Global Ceramic Wall Tiles Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Dimensions, Applications, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
20 X 20
30 X 30
30 X 60
60 X 120
Rest of the World