According to a new report published by Allied Market Research, titled, “India Ceramic Tiles Market by Type, Application, End User, and Construction Type: Opportunity Analysis and Industry Forecast, 2020–2027,” the India ceramic tiles market size was valued at $3,720.2 million in 2019, and is projected to reach $7,144.7 million by 2027, growing at a CAGR of 8.6% from 2020 to 2027. By volume, the India ceramic tiles market was 821 million square meter (MSM) in 2019, and is projected to reach 1,384 MSM by 2027, growing at a CAGR of 6.9% from 2020 to 2027.
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India Ceramic Tiles Market by Type (Ceramic, Vitrified, and Others), Application (Floor Tiles, and Wall Tiles), End User (Residential and Non-residential), and Construction Type (New Construction, and Renovation & Replacement)
In 2019, by type, the ceramic tiles segment accrued the largest share in the India ceramic tiles market. In addition, the expansion of the residential construction sector and growth in urbanization throughout the country fuels the demand for ceramic tiles. Similarly, based on volume, the ceramic tiles segment registered the highest CAGR.
In addition, increase in use of ceramic tiles as a substitute to other products in residential applications, such as marble, paints, and glass, is expected to fuel the demand for ceramic tiles in the near future. However, stringent regulations pertaining to emissions of exhaust gases during the production of these tiles is expected to restrain the market growth. Thus, introduction of environment-friendly production processes is expected to offer lucrative opportunities for the market players.
Ceramic and vitrified tiles manufacturing companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans. Thus, the manufacturers are trying to protect their workforce, and enhance the operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. Such factor will hinder the market growth.
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The key companies profiled in the India ceramic tiles market report include Kajaria, Somany, Prism Johnson, Asian Granito, RAK Ceramics, Simpolo, Varmora, Orient Bell Ceramics, Nitco Tiles, and Sun Heart.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging India ceramic tiles market trends and dynamics.
- In-depth India ceramic tiles market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.
- Extensive analysis of the India ceramic tiles market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The India ceramic tiles market forecast analysis from 2020 to 2027 is included in the report.
- The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the ceramic tiles market industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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