Cost-effectiveness, aesthetic appeal of ceramic tiles and increasing demand from interior decorators are expected to nurture market growth
According to the global ceramic tiles market report by IMARC Group, the market size reached around $70.9 billion in 2018. Ceramic tiles are produced by an amalgamation of clay, sand, quartz and water. Due to their light weight along with anti-skid and anti-bacterial properties, these tiles have gained traction in different construction sectors around the globe.
The global ceramic tiles market was valued at $78.7 billion in 2015, and is expected to grow at a year-over-year rate of 9.2% to reach $86 billion in 2016. Asia and Europe are the two major markets for ceramic tiles, collectively accounting for 80.6% share of the global market in 2015. Asia Pacific (APAC) is the largest market globally, both in terms of production and consumption.