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.
|Market Size||USD 24.2 billion by 2030|
|Growth Rate||CAGR of 12.9% From 2021 to 2030|
|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.|
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.
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.
Al Jawadah Ceramics
Al Anwar Ceramic Tiles Co. SAOG
Al Maha Ceramics
Al Khaleej Ceramics
Arabian Tile Company Ltd.
Glazed Ceramic Tiles
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
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:
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