Ceramic & Natural Stone Tiles Market Size, Share & Trends Analysis Report By Product (Glazed, Porcelain, Starch-free), By Region (APAC, Europe, North America, Central & South America, MEA), And Segment Forecasts, 2020 - 2027

Report Overview

The global ceramic and natural stone tiles market size was valued at USD 359.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2020 to 2027. Expansion of the residential and commercial sectors coupled with the increasing demand for durable construction materials across the globe is anticipated to benefit the industry growth. The products are available in a variety of colors, textures, and sizes, which also has led to increased product demand. In addition, strong industrial and economic development coupled with population expansion are factors likely to promote market growth over the forecast period. The market in the U.S. is expected to exhibit high growth on account of the rapid expansion of residential and commercial application industry. The rising number of commercial and industrial construction projects coupled with the recovery of the residential construction industry is anticipated to act as a favorable factor for market growth.

Rising demand for anti-bacterial, stain- & water-resistant, low-maintenance, and highly durable flooring in the healthcare sector is likely to result in the positive growth of the industry. In addition, changing consumer preferences coupled with increasing options for decorative flooring to improve the aesthetics of commercial buildings are further expected to promote the demand.

However, regulatory bodies, such as the EPA and the European Commission, have passed numerous initiatives intended for restricting carbon gas emissions from the industries producing ceramic and natural stone tiles. Thus, the implementation of stringent government regulations is projected to result in restricted growth of the market over the forecast period.

Recycled glass tiles are being manufactured by industry players including Sandhill Industries, Bedrock Industries, and Aurora Glass, which is expected to restrain market growth for ceramic tiles and natural stone tiles. However, the technological advancements in the ceramic and stone tiles manufacturing industries are projected to fuel the market growth.

Product Insights

Porcelain tiles led the market and accounted for more than 50% share of the global revenue in 2019, on account of their wide use in the construction of floors, walls, etc. Features, such as mold and bacteria resistance, offered by impervious porcelain tiles lead to long-term value in floor covering, thereby propelling its demand over the forecast period.

Glazed ceramic tiles are available in a wide variety of colors and styles. These products are more resistant to staining owing to the presence of a protective layer of glass. The increasing scope of application of the product in wet areas, such as kitchens, bathrooms, and laundry rooms, is likely to benefit the segmental growth, thereby driving the industry growth.

The granite tiles are gaining traction in the construction applications owing to the superior strength, enhanced physical properties, and uniqueness of colors. Moreover, it's zero water absorption property has increased its utilization in kitchen and bathroom applications. This is anticipated to benefit the industry growth over the forecast period.

Limestone tiles are increasingly used in flooring applications across residential and commercial sectors. In addition, the products are used for decorative applications in commercial and residential building structures. The growing popularity of durable decorative materials is likely to support the market for limestone tiles, thereby driving industry growth.

Regional Insights

Asia Pacific dominated the market and accounted for over 44.98% share of global revenue in 2019, owing to the expansion of residential and non-residential construction across the developing economies including China, India, Indonesia, South Korea, and others. In addition, the strong presence of prominent manufacturers in the region is likely to propel the industry growth.

Ceramic and natural stone tiles are expected to witness significant demand from residential replacement and new residential and commercial construction projects. The rising number of renovation projects in the region owing to structural damage of old buildings, particularly in India, is expected to drive the product demand.

The ceramic and natural stone tiles market in Europe is majorly driven by flooring applications and is anticipated to grow at a significant rate over the forecast period. Favorable characteristics of the product for hygiene maintenance, durability, and improved aesthetics of building structures in residential and commercial constructions are anticipated to support the product demand over the forecast period.

The growing geriatric population in Europe has prompted investments in the construction of healthcare establishments, which is projected to drive the demand for ceramic wall tiles over the forecast period as they offer resistance to bacteria and fungi and are easy to clean. This is projected to benefit the overall market growth.

Key Companies & Market Share Insights

The industry participants are adopting marketing strategies, such as mergers & acquisitions, partnerships, and others, to strengthen their market position. In addition, the companies are expanding their geographic presence to gain a competitive advantage. This is projected to result in an increased market share, thereby benefiting the industry growth. Major players in the industry are focusing on achieving optimal operational costs, enhancing the product quality, maximizing production output, and acquisition of small companies to sustain in the competitive market. Moreover, high investments in R&D for innovating high-quality products is a factor considered by the players to stay in the competition. Some of the prominent players in the ceramic and natural stone tiles market include:

• Porcelanosa Grupo

• Florida Tile

• Grupo Cedasa

• RAK Ceramics

• Ceramica Carmelo Fior

• NITCO Tiles

• Crossville Inc.

• Atlas Concorde

• Kajaria Ceramics

• Orient Tiles

• Gruppo Ceramiche Ricchetti

• Mohawk Industries

Ceramic & Natural Stone Tiles 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 2016 to 2027. 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, 2016 - 2027)

  • Glazed Ceramic Tiles

  • Porcelain Tiles

  • Scratch Free Ceramic Tiles

  • Granite Tiles

  • Limestone Tiles

  • Travertine Tiles

  • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia