The GCC Ceramic Tiles market size is expected to be worth around US$ 24.2 billion by 2030, according to a new report by Vision Research Reports.
The GCC Ceramic Tiles market size was valued at US$ 10.8 billion in 2020 and is anticipated to grow at a CAGR of 12.9% during forecast period 2021 to 2030.
Report Coverage
Report Highlights | Details |
Market Size | USD 24.2 billion by 2030 |
Growth Rate | CAGR of 12.9% From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Product, Application, End-use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | RAK Ceramics; Porcelanosa Dubai; Al Jawadah Ceramics; Forsan Ceramics; Al Anwar Ceramic Tiles Co. SAOG; Al Maha Ceramics; Al Khaleej Ceramics; Saudi Ceramics; Niceramics; Arabian Tile Company Ltd. |
Growth Factors
Increasing infrastructure development activities in the GCC countries to spur the transformation into non-oil economies is expected to drive the market. GCC is one of the most active construction markets in the world with a market revenue of over USD 2.4 trillion in 2020 and more than 22,000 ongoing projects across countries such as the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman. This is expected to lead to an increase in the demand for, primarily in the residential and commercial complexes, including housing, hotels, malls, educational institutions, healthcare facilities, and cinema halls.
Rapidly rising construction expenditures in the regional economies to boost tourism and other industries are expected to drive the market in the region. GCC is one of the least impacted regions due to the COVID-19 outbreak, thus did not witness a severe halt in the construction activities.
Report Highlights
The porcelain tiles segment dominated the market and accounted for the largest revenue share of about 70.0% in 2020. This is attributed to strength and durability as compared to general ceramic tiles as they are fired at extreme temperatures and are made from ultrafine and denser clays. The glazed ceramic tiles segment is expected to witness a CAGR of 12.9%
The commercial end-use segment dominated the market and accounted for the largest revenue share of about 82.0% in 2020, owing to rising demand for highly durable and cost-efficient ceramic tiles-based floorings for use in high-traffic commercial and industrial sectors. In addition, the development of new products and hassle-free installation techniques has considerably driven the segment growth in recent years.
The floor tiles application segment dominated the market and accounted for the largest revenue share of about 82.3% in 2020, as these tiles are stain-resistant, maintenance-free, and less costly as compared with stone and marble-based flooring tiles. In addition, increasing adoption of micro-crystal technology for making tiles with smooth surfaces, clear texture, aesthetic appeal, and high durability is expected to benefit the segment growth in the coming years.
The demand for ceramic tiles in wall tiles application is expected to rise over the forecast period as these tiles are a cost-effective and durable alternative for conventional stone materials in several residential and commercial constructions.
Saudi Arabia dominated the market and accounted for the largest revenue share of about 47.0% in 2020. This is owing to high investment by the government for the development of several infrastructural projects such as power generation, railways, water treatment, and sewerage treatment. In UAE, the GCC ceramic tiles market is expected to witness a CAGR of 7.6% from 2020 to 2030, owing to high investments by the government and private players for the construction of new residential and commercial complexes as per the initiatives for the development of affordable housing, educational institutions, and advanced healthcare facilities.
Key Players
RAK Ceramics
Porcelanosa Dubai
Al Jawadah Ceramics
Forsan Ceramics
Al Anwar Ceramic Tiles Co. SAOG
Al Maha Ceramics
Al Khaleej Ceramics
Saudi Ceramics
Niceramics
Arabian Tile Company Ltd.
Market Segmentation
Product
Glazed Ceramic Tiles
Porcelain Tiles
Others
Application
Wall Tiles
Floor Tiles
Others
End-use
Residential
Commercial
Country
Saudi Arabia
UAE
Kuwait
Bahrain
Oman
Qatar
The GCC Ceramic Tiles market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of GCC Ceramic Tiles market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the GCC Ceramic Tiles market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the GCC Ceramic Tiles market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted GCC Ceramic Tiles market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the GCC Ceramic Tiles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of GCC Ceramic Tiles by regions (countries) and application.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. GCC Ceramic Tiles Market, By Product
7.1. GCC Ceramic Tiles Market, by Product, 2021-2030
7.1.1. Glazed Ceramic Tiles
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Porcelain Tiles
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. GCC Ceramic Tiles Market, By Application
8.1. GCC Ceramic Tiles Market, by Application, 2021-2030
8.1.1. Wall Tiles
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Floor Tiles
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. GCC Ceramic Tiles Market, By End User
9.1. GCC Ceramic Tiles Market, by End User, 2021-2030
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. GCC Ceramic Tiles Market, Regional Estimates and Trend Forecast
10.1. GCC
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. Saudi Arabia
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. UAE
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.6.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. RAK Ceramics
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Porcelanosa Dubai
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Al Jawadah Ceramics
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Forsan Ceramics
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Al Anwar Ceramic Tiles Co. SAOG
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Al Maha Ceramics
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Al Khaleej Ceramics
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Saudi Ceramics
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Niceramics
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Arabian Tile Company Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms