As per the research report titled ‘Global Ceramic Tiles Market (Value, Volume) - Analysis By Product, Application, End-User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global ceramic tiles market which accounted for a valuation of USD 240.21 billion in 2021, is anticipated to record a colossal growth through 2027.

High disposable income, growing construction activities, and increasing focus on providing housing facilities in developing economies are fostering global ceramic tiles market growth.

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Notably, ceramic tiles are extremely durable, can be cleaned easily, and are stain resistant. Moreover, the product is known to be more appealing, affordable, and reliable in contrast to its counterparts making it a preferable option for residential or commercial surfaces.

In addition, rapid urbanization, and escalating population levels are likely to unearth new opportunities for market expansion in the forthcoming years.

However, the onset of the Covid-19 pandemic put a halt to production activities due to lockdown mandates aimed at curbing the spread of the virus, causing a significant slump in revenue generation. Most commercial and residential projects were also suspended for a long time which created a dent in the market.

Nonetheless, major industry players are currently directing their resources towards recovering all the losses through strategic alliances, partnership deals, and new product launches.

Moving on, worldwide ceramic tiles marketplace is bifurcated on the basis of product offerings, application spectrum, end-user. and geographical terrain.

In terms of product type, the porcelain segment holds the largest industry share at present and is expected to grow substantially during the forecast timeframe, attributable to the durable nature of the product that can be utilized to its full potential in commercial buildings such as hotels, shopping malls, parks or educational institutions with most human traffic.

From the perspective of application, the floor tiles segment is expected to hold a significant revenue share during the stipulated timeline, as floor tiles are created with an additional glazed coating that protects the flooring from any kind of water or stain damage.

Speaking of end-user scope, the residential segment is likely to account for a major chunk of overall remuneration during the review period, due to extensive product utilization in the residential sector because of its affordability and damage-resistant properties.

Geographically, Asia Pacific is a promising arena for market expansion during 2022-2027, owing to increasing construction activities in developing nations such as China and India.

The competitive terrain of global ceramic tiles business sphere is majorly influenced by key players such as Pamesa Ceramica, Kajaria Ceramics Ltd., Grupo Cedasa, Saudi Ceramic Company, RAK Ceramics P.J.S.C., RAK Ceramics P.J.S.C., STN Ceramica, and The Siam Cement Public Company Ltd.