Glazed Tiles Market- Growth, Trends, and Forecasts (2023-2029)

Glazed Tiles Market was valued at US$ 100.04 Bn. in 2022. The Global Glazed Tiles Market size is estimated to grow at a CAGR of 5.8 % over the forecast period.
Glazed Tiles Market Overview:
The report explores the Glazed Tiles market & its segments (Application, End-User, Construction, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Glazed Tiles market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Glazed Tiles market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Glazed Tiles Market Dynamics:
Increase in commercial & residential constructions:

In developed regions of the world, the building industry is increasing at a constant rate. On the other hand, the industries are growing rapidly in developing countries. Infrastructure construction investments are steadily increasing over the world. The residential sector has been rising in recent years because the world population is growing at an exponential rate, necessitating additional residential space. In both developed and developing countries, the number of new residential buildings or individual houses has increased rapidly over time.

Volatility in raw material prices:

Tile manufacture is a particularly energy-intensive process, and the industry's key cost-related difficulties are electricity, gas, and transportation expenses. For the glazed tile industry to thrive, power and fuel must be consistently available at reasonable prices. Volatile markets have numerous negative consequences, the majority of which are felt by industrial companies. Also, raw materials used in the production of glazed tiles, such as silica sand, kaolin, feldspar, and bentonite, have price volatility, raising the capital necessary for the entire glazed tile production process. As a result, fluctuations in raw material prices may hinder the market's growth during the forecast period.

Increased technological advancement in the production of Glazed Tiles:

Glazed tile manufacturers are concentrating on technologically innovative and environmentally friendly production. Advanced technologies are being used by market participants to build new products and provide alternative solutions. Pamesa Ceramica SL, for example, manufactures dry-pressed glazed tiles in Spain that have a high water absorption property, resulting in increased strength and density. The company offers a K-Slate replica that has the same characteristics as porcelain stoneware and is intended to enhance indoor aesthetics.
Glazed Tiles Market Trends:
One of the important glazed tiles market trends in the Gulf Cooperation Council that is forecasted to favorably impact the industry in the forecast period is online tile retailing. The increased number of Internet users via smartphones, computers, tablets, and other devices is allowing retailers to branch out into e-commerce. Vendors can offer their wares on third-party e-commerce platforms or through their websites. Paints, wallpapers, electricals, and tiles, among other home building supplies, are now available on e-commerce platforms such as Wall and Tile and Mineral Tiles. Glazed tiles are available in a variety of colors, designs, textures, and dimensions, as well as for use on the floor, wall, or ceiling. This allows users to save time and money. Though, online tile purchasing will help the growth of the GCC Glazed tile industry in the coming years.

Glazed tiles demand is being driven by the growing construction industry in various locations. In the majority of countries, commercial and residential Construction is on the rise. With new home construction and replacement and renovation Construction, the residential segment, which accounts for a larger share of the market, is recording more transactions. The construction sector is suffering various obstacles as a result of the ongoing COVID-19 epidemic, including a lack of investment, failure to complete projects on time, raw material shortages, a lack of competent labor, high operating expenses, and so on, but it is progressively returning to growth. During the forecast period, the tendency is expected to continue, allowing glazed tiles to develop into a more niche market.
Glazed Tiles Market Segment Analysis:
Based on Application:

The floor Tiles segment will be dominated by more than 50% in 2022. Due to increased interest in highly resistant and cost-effective glazed tile flooring for use in high-rise buildings. Also, over the forecast period, modern areas are expected to drive the market. The Global Glazed Tiles Market in business flooring has been considerably influenced by the development of innovative products and hassle-free installation methodologies. Because of the product's anti-slip and scratch resistance, it is likely to drive demand in developing economies.

The demand for wall tiling patterns for usage in living spaces is increasing as a result of expanding home décor concepts. Also, brand owners are likely to increase their product lines, particularly to offer new application areas outside of kitchens and bathrooms, which will boost the market growth. As a cost-effective alternative to traditional stone materials, wall tiles are becoming increasingly popular in commercial contexts such as corporate offices, hotel lobbies, and museums. Also, advances in manufacturing technology have enabled the production of larger-scale tiles, which has aided the overall growth of the Glazed tile industry.

Based on End-User:

Residential end-use demand was valued at US 56.4 billion in 2022 and is expected to grow at a CAGR of 7.5% through the forecast period. Because of the product's anti-slip and scratch resistance, it is likely to generate demand in emerging markets such as India. Also, the glazed tiles' protective coating makes them highly water-resistant, improving their utility in humid environments. As a result, these tiles are increasingly being utilized in wet spaces, including bathrooms, kitchens, and laundry rooms, which is likely to boost market growth throughout the forecast period.

Based on Construction:

The renovation segment will be dominated by more than 40% in 2022. One of the primary factors driving the global glazed tiles market is an increase in consumer demand for house renovation and replacement. Renovation and remodeling are variables that promote lucrative growth all around the world.
Glazed Tiles Market Regional Insights:
Asia-Pacific region dominated the market with 32.48 Bn in 2021, and it is likely to dominate the global glazed tile industry throughout the forecast period. Although previously stated, rising industrialization and urbanization, as well as cost advantages, are the primary drivers of the glazed tiles market in Asia-Pacific. China and India dominate the global glazed tile market in terms of volume. Government rules and procedures, such as tax benefits and incentives, also encouraged several key businesses to extend their businesses in Asia-Pacific. China and India, as the most populous countries, have seen rapid growth in the building and construction industry.

The objective of the report is to present a comprehensive analysis of the global Glazed Tiles Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Glazed Tiles Market dynamic, and structure by analyzing the market segments and projecting the Glazed Tiles Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Glazed Tiles Market make the report investor’s guide.
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Glazed Tiles Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 100.04 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US $ 148.45 Bn.


 Segments Covered:
by Construction
New Construction
Renovation & Replacement


by Type
Residential
Commercial


by Application
Floor Tiles
Wall Tiles
Others



Glazed Tiles Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Glazed Tiles Market Key Players
1. KITO
2. Hangzhou Nabel Group Co. Ltd
3. Dongpeng
4. Eagle
5. Guanzhu
6. Xinzhongyuan
7. Oceano
8. Hongyu
9. Marcopolo
10. Huida
11. Mengnalisha
12. Cimic
13. McIntyre Tile Company
14. Crossville Inc Tile
Frequently Asked Questions:

1. Which region has the largest share in Global Glazed Tiles Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Glazed Tiles Market?
Ans: The Global Glazed Tiles Market is growing at a CAGR of 5.8% during forecasting period 2023-2029.

3. What is scope of the Global Glazed Tiles Market report?
Ans: Global Glazed Tiles Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Glazed Tiles Market?
Ans: The important key players in the Global Glazed Tiles Market are – KITO, Hangzhou Nabel Group Co. Ltd, Dongpeng, Eagle, Guanzhu, Xinzhongyuan, Oceano, Hongyu, Marcopolo, Huida, Mengnalisha, Cimic, McIntyre Tile Company, and Crossville Inc Tile

5. What is the study period of this Market?
Ans: The Global Glazed Tiles Market is studied from 2022 to 2029.