Ceramic And Natural Stone Tiles Market Size, Share & Trends Analysis Report By Product (Granite, Limestone, Travertine, Porcelain Tiles), By Region (North America, APAC, Europe), And Segment Forecasts, 2021 - 2028

Report Overview

The global ceramic and natural stone tiles market size was valued at USD 362.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. The rise in the renovation activities of the existing buildings and rapid expansion of the construction sector coupled with the rising demand for construction materials with high durability and quality are anticipated to propel the market growth. The products are available in various colors, textures, and sizes, which has led to increased demand, thereby supporting market growth. In addition, strong economic and industrial development, population expansion, and increase in investments in the residential and commercial sectors are likely to drive the market over the forecast period.

The market in the U.S. is expected to witness significant growth due to the rising number of single-family houses and strengthening residential replacement. Changing consumer preferences, the growing number of industrial and commercial buildings and the recovery of the residential construction sector are projected to favor the market growth in the country.

The need for the up-gradation of the existing infrastructure and rising demand for highly durable, low-maintenance, and stain-, chemical-, & water-resistant flooring are likely to have a positive impact on the product demand over the period. Increasing decorative flooring options with various dimensions and colors to improve the overall building aesthetics is expected to contribute to the product demand.

Regulatory bodies, such as the European Commission, EPA, and China’s Ministry of Environmental Protection, have passed various initiatives to restrict carbon gas emissions and control water effluent discharge during product manufacturing. Thus, the implementation of strict regulations is expected to hamper the market growth over the forecast period.

The rise in demand for substitutes like rubber and recycled glass tiles along with the stringent regulations and restrictions on mining activities, such as Directive 2006/21/EC guidelines issued by the EU, is expected to limit the market growth. In addition, the temporary shutdown of the construction industries and cancellation or delays in the construction projects due to the global pandemic also restricted the growth of the ceramic and natural stone tiles market.

Product Insights

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.

Moreover, the zero water absorption property of granite enables its use in wet area applications, such as bathrooms. The limestone product segment is projected to have significant growth over the forecast period on account of increasing product usage in flooring and decorative applications in commercial and residential building structures. The growing popularity of durable decorative materials is also likely to augment the growth over the coming years.

Regional Insights

Asia Pacific dominated the market and accounted for over 45% share of the global revenue in 2020 owing to the increased number of renovation projects and construction activities in emerging economies like India and China. The regional market will expand further at the fastest CAGR from 2021 to 2028 due to the strong presence of prominent manufacturers in the region.

The Asia Pacific regional market is characterized by high temperature and extreme climatic conditions, which is anticipated to contribute to the product demand in flooring applications. Moreover, the growing tourism industry in the region implied an increasing need for resorts, restaurants, and food chains; thereby, driving the product demand.

Government programs, such as National Infrastructure Program and the National Housing Commission by the Mexican government, are projected to positively impact the construction industry, favoring the market prospect in Central & South America. Growing demand for improved infrastructure facilities, including airports, is further expected to drive the regional market. The market in Europe is estimated to account for the second-largest revenue share by 2028 due to the rising product demand in flooring applications.

Key Companies & 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

Ceramic And Natural Stone Tiles Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global ceramic and natural stone tiles market report on the basis of product and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

  • Glazed ceramic tiles

  • Porcelain

  • Scratch-free Ceramic Tiles

  • Granite

  • Limestone

  • Travertine

  • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia