The Global GCC Ceramic Tiles Market is anticipated to reach USD 15.74 billion by 2030 and is anticipated to expand at a CAGR of 7.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising investment in construction projects by governments of Saudi Arabia, UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting market demand over the forecast period.
Ceramic
tiles manufacturing process has highly evolved over the past years.
Requirement for high-quality materials with good efficiency levels has
developed new firing and pressing technologies. Manufacturers have been trying
to create technologies for simple, flexible, and low-cost production of ceramic
tiles. Environmental pollution and waste disposal have always been a major
concern for the manufacturers. They are now focusing on reducing CO2 emissions
and water consumption through improved processing options while manufacturing
ceramic tiles.
Wet
clays, feldspar, alumina, silica, and sand are some of the most commonly used
raw materials during the manufacturing process of ceramic tiles. Key raw
material suppliers include Saudi Ceramics, United Mining InvestmentsCo.,
Carrefour, and Saudi Dolomites. Growing demand for ceramics in automotive and
electronics applications is expected to be a key concern for market players.
Robust manufacturing base of ceramics in China, India, and Indonesia is
expected to promote investments by market players.
Market
is expected to witness growth over the forecast period owing to the rapid
growth of the construction industry, which can be attributed to the high
investments by various governments in companies for developing new residential
& commercial complexes and infrastructural projects. In addition, increased
emphasis by governments on the construction of new hospitals, educational
institutions, and leisure projects is expected to create growth opportunities
in the ceramic tiles market.
The
market could be more organized to a greater extent as numerous domestic players
are operating across GCC. Many small-scale players manufacture and distribute
products and cater to wall and flooring applications. These players prefer the
supply of ceramic tiles directly to the end market by avoiding distribution
channel, thus negatively affecting the value chain.
List of Key Players in the GCC Ceramic Tiles Market
- RAK Ceramics
- Porcelanosa
Dubai
- Al Jawadah
Ceramics
- Forsan
Ceramics
- Al Anwar
Ceramic Tiles Co. SAO
- Al Maha
Ceramics
- Al Khaleej
Ceramics
- Saudi
Ceramics
- Niceramics
- Arabian Tile
Company Ltd.
- FUTURE
CERAMICS
- Riyadh
Ceramics
- ARABIAN
CERAMICS
- Porcellan
Related Press
Release@ GCC
Ceramic Tiles Market Report
GCC Ceramic Tiles Market Report Highlights
- Porcelain
tiles led the market, accounting for approximately 51.6% of total revenue
in 2023. Porcelain is more rigid and denser than its counterparts and
offers better scratch-resistant properties than glazed ceramic tiles.
However, the cost of porcelain tiles is higher than other ceramic tiles as
they can absorb high moisture and are more hard-wearing.
- Floor tiles
application segment dominated the market and accounted for the largest
revenue share of about 60.9% in 2023. Production of floor tiles using
micro-crystal technology has several advantages, such as lower production
cost, excellent aesthetic appeal, corrosion & chemical resistance,
acid resistance, and glossy surface.
- Due to
increased demand for highly durable and cost-effective ceramic tile-based
floorings in high-footfall commercial and industrial sectors, the
commercial end-use segment led the market. It accounted for the most
significant revenue share of approximately 57.2% in 2023. Ceramic tiles
offer excellent durability, affordability, and style. They are suitable
for classrooms, computer rooms, corridors, cafeterias, laboratories,
hallways, entrance areas, and stairwells of schools, colleges,
universities, and professional institutes.
- The rapidly
growing population drives the rising construction industry in the country.
As per the data published by Worldometer, population of Saudi Arabia was
around 36.9 million in 2023, an increase of about 1.48% compared to 2022.
Increasing investment by government to improve railways and road
infrastructure is expected to boost further the growth of ceramic tiles
market in the country over the forecast period.
- Prominent
players in market comprise RAK Ceramics, Saudi Ceramics, Al Anwar Ceramic
Tiles Co. SAOG, Al Jawdah, and Al Khaleej Ceramics. RAK Ceramics holds a
significant market share; the company offers advanced ceramic tiles
manufactured with digital printing technology and in various dimensions.
Moreover, a dedicated supply channel associated with the company has
increased penetration in the ceramic flooring market in the GCC region.
GCC Ceramic Tiles Market Report
Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 10.29
billion |
|
Revenue
forecast in 2030 |
USD 15.74
billion |
|
Growth
rate |
CAGR of
7.3% from 2024 to 2030 |
|
Base year
for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Request For A Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/451794/rfc
GCC Ceramic Tiles Market Segmentation
Grand
View Research has segmented the GCC ceramic tiles market on the basis of
product, application, end-use, and country:
GCC Ceramic Tiles Product Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2018 - 2030)
- Glazed
Ceramic Tiles
- Porcelain
Tiles
- Scratch Free
Ceramic Tiles
- Others
GCC Ceramic Tiles Application Outlook (Volume,
Million Square Meters; Revenue, USD Million, 2018 - 2030)
- Wall Tiles
- Floor Tiles
- Others
GCC Ceramic Tiles End-use Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
GCC Ceramic Tiles Country Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2018 - 2030)
- GCC
- Saudi Arabia
- UAE
- Kuwait
- Bahrain
- Oman
- Qatar
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment