Ceramic And Natural Stone Tiles Market Size Is Expected To Reach USD 567.61 Billion By 2028

 Ceramic And Natural Stone Tiles Industry Overview

The global ceramic and natural stone tiles market size is expected to reach USD 567.61 billion by 2028 growing at a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Easy installation and availability in a wide range of options in terms of color and dimensions are projected to augment the product demand over the forecast period.

 

A positive outlook of the construction industry on accounts of rising residential and non-residential building construction activities is expected to favor the market growth. Moreover, growing consumer preference for these products in flooring, decorative wall, and various internal & external applications supported by the rising demand for low-maintenance construction materials is projected to augment the market growth. Rapid urbanization coupled with an evolving consumer lifestyle is also expected to generate new growth prospects for the companies in this industry.

 

Stringent environment regulations have led to an increase in R&D activities and the development of eco-friendly products, which is also expected to boost the market growth in the years to come. In addition, an initiative taken by the Government of Italy to promote the ceramic industry is expected to offer several growth opportunities over the forecast years.


Ceramic And Natural Stone Tiles Market Segmentation

Grand View Research has segmented the global ceramic and natural stone tiles market on the basis of product and region:

Based on the Product Insights, the market is segmented into Glazed, Porcelain, Scratch-free, Granite, Limestone, Travertine, and Others.

  • The porcelain tiles segment led the market and accounted for more than 51% share of the global revenue in 2020 due to the wide product usage in various construction applications, such as walls and floors. Moreover, features of these products, such as durability and resistance to chemicals, bacteria, & stains, lead to significant long-term value, thereby augmenting their demand.

 

  • The glazed ceramic tiles segment is estimated to account for the second-largest revenue share by 2028. This growth is attributed to rising product demand in applications, such as kitchens, laundry rooms, and bathrooms, as a result of its water and stain-resistant properties. The granite product segment is expected to gain traction on account of the superior strength and enhanced physical properties of these products.

 

Ceramic & Natural Stone Tiles Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Key players adopt various strategies, such as partnerships and mergers & acquisitions, to strengthen their market position and have a competitive edge. Stringent environment regulations have led to an increase in R&D activities and the development of eco-friendly products, which are expected to increase the market penetration of manufacturers.

Major players in the industry focus on enhancing product quality, achieving optimal operational costs, maximizing production output, and acquiring small-scale companies to sustain the competition. Some prominent players in the global ceramic and natural stone tiles market include:

  • Porcelanosa Grupo
  • Grupo Cedasa
  • RAK Ceramics
  • Crossville, Inc.
  • Atlas Concorde
  • Mohawk Industries

 

Order a free sample PDF of the Ceramic & Natural Stone Tiles Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

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Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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