Asia-Pacific Ceramic Tiles Market Analysis
The Asia-Pacific Ceramic Tiles Market is expected to register a CAGR of greater than 5% during the forecast period.
The Asia-Pacific ceramic tiles market held the largest share of the global ceramics market and is expected to continue its dominance throughout the projected years. Asia-Pacific, being the largest manufacturer and consumer of ceramic tiles, shows signs of emerging as a dominant region during the forecast period. Moreover, the booming construction sector in this region will be the major contributor to the growth in consumption.
Countries such as India, China, and Japan are also attracting heavy investments from global players, thus propelling the market growth. The rising demand for designer and modular tiles, expanding construction market sector, and the various government initiatives promoting the ceramic industries are primarily responsible for driving the market growth in this region. Rapid industrialization, urbanization, and cost benefits are the prime reasons for the ceramic tiles market growth in the Asia-Pacific region.
The ceramic tiles market, one of the leading variants of the flooring market, suffered several setbacks during 2020 due to the sudden COVID-19 pandemic. India, the second largest manufacturer of ceramic tiles products, was one of the worst-hit markets due to the virus outbreak, which resulted in a shortage of finished tiles. However, the construction sector, which is the key market for ceramic tiles, also suffered due to COVID-19, which in turn affected the ceramic tiles market with revenue losses.
Asia-Pacific Ceramic Tiles Market Trends
China is One of the Leading Producers of Ceramic Tiles in Asia- Pacific Region
China is a major ceramic tile-producing country in the Asia-Pacific region. The main drivers of market growth in China are low production costs and abundant raw material availability. The increasing population in the region and the growing urbanization resulted in the increasing infrastructure development in the region. Ceramic tiles are increasingly used in the country in residential and commercial green buildings to improve indoor air quality, achieve energy efficiency, and save water. Thus, a considerable growth rate is estimated to be recorded in China during the forecast period.
New Construction Segment is Driving the Market
The new construction segment is projected to dominate the ceramic tiles market, in terms of value, through the forecast period. Installing ceramic tiles in new constructions is easier and more cost-efficient than in replacement & renovation activities. The ceramic tiles market for new construction activities shall witness maximum gains over the forecast timespan. It can be attributed to the rising Asian-Pacific construction business, which led to an exponential demand for ceramic tiles in residential and institutional construction projects. An increase in new construction activities in Asia-Pacific, especially in China and India, is the major factor that is expected to drive the demand for ceramic tiles.
Asia-Pacific Ceramic Tiles Industry Overview
The report covers major international players operating in the Asia-Pacific Ceramic Tiles Market. Regarding market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Asia-Pacific Ceramic Tiles Market Leaders
Mohawk Industries
Kajaria Ceramics
Atlas Concorde S.P.A.
Crossville Inc.
Florida Tile Inc.
- *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Ceramic Tiles Market News
- July 2023: Crossville expand its porcelain portfolio with the launch of its Access Point porcelain tile collection. Crossville developed the tile collection offering designers and installers on-trend products, including concrete, travertine and white marble visuals, that will be deeply inventoried and readily available for immediate shipping.
- Sep 2022: Dongpeng launches antibacterial ceramic tile range with microban. Dongpeng is a leading domestic manufacturer of high-end ceramic tiles and sanitaryware products. The company established itself as a household and is now the largest ceramics manufacturer in the country.
- March 2022: Tiles maker Kajaria Ceramics announced the launch of its largest store in India to sell tiles and bathware products.
