The global for porcelain tiles market demonstrated robust growth in 2021 and is poised to maintain a consistent revenue Compound Annual Growth Rate (CAGR) throughout the projected period. An influential factor contributing to the expansion of market revenue is the escalating demand for the material in diverse industrial applications, including restaurants, clinics, commercial complexes, and more. Porcelain tiles are extensively utilized for both interior and exterior surfaces of buildings, as well as in the creation of decorative and aesthetically pleasing glass mosaics.
Porcelain tiles, characterized by their uniform forms, are essentially glass fragments that have undergone molding. In recent times, they have gained popularity as both field and accent tiles, a trend attributed to advancements in technology and the inherent qualities of tiles, particularly their capacity to provide vibrant colors, reflect light effectively, and resist water. These factors collectively contribute to the market’s revenue growth anticipated throughout the forecast period.
A porcelain tile, a type of ceramic product, is manufactured from raw materials such as quartz sand, feldspar, and soda ash. Subjected to high temperatures reaching thousands of degrees Fahrenheit, these ingredients transform into molten glass, which can then undergo various processes to produce tiles. Essentially, a porcelain tile is a ceramic tile crafted from glass.
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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
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Moreover, the report provides insight into how the Porcelain Tiles market will develop between 2023 and 2030. Companies operating in the Porcelain Tiles market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Porcelain Tiles market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Porcelain Tiles market and estimates market progress in terms of value (USD million) and volume (thousand units).
- Mohawk Industries Inc. (U.S.)
- SCG Ceramics (Thailand)
- Grupo Lamosa (Mexico)
- Grupo Cedasa (Brazil)
- RAK Ceramics (U.A.E.)
- Cerâmica Carmelo Fior (Brazil)
- PAMESA CERÁMICA SL (Spain)
- Kajaria Ceramics Limited (India)
- STN Cerámica (Spain)
- Dynasty Ceramic Public Company Limited (Thailand)
- Cersanit Group (Poland)
- Somany Ceramics (India)
- PT Arwana Citramulia Tbk (Indonesia)
- Vitromex USA, Inc. (U.S.)
- Kale Group (India)
Type Outlook (Revenue, USD Billion; 2019-2030)
- Glazed Porcelain Tiles
- Unglazed Porcelain Tiles
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Research Methodology: Porcelain Tiles Market
The research methodology adopted by analysts to compile the Porcelain Tiles market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Porcelain Tiles market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Porcelain Tiles market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Porcelain Tiles market.
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