Ceramic & Natural Stone Tiles Market Growth & Trends

The global ceramic and natural stone tiles market size is expected to reach USD 600.01 billion by 2027, registering a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Easy installation and availability in a wide range of colors, texture, and dimensions are anticipated to increase product demand from the residential and non-residential construction sectors over the forecast period.

In addition, rising preference for ceramic tiles in kitchen and bathroom flooring and wall applications coupled with the increasing demand for construction materials that require low maintenance is likely to fuel the market growth. Furthermore, superior strength, durability, and easy maintenance of natural stone tiles are projected to stimulate the demand over the forecast period.

Expansion of the residential construction across the economies such as China India, South Korea, and others on account of the rising population, is projected to benefit the demand for ceramic and natural stone tiles. In addition, rising government investments in economies, such as the U.S., the U.K., and Germany, on the development of infrastructure is projected to fuel the market growth.

Ceramic & Natural Stone Tiles Market Report Highlights

  • Porcelain tiles accounted for over 50% of the global market share and is projected to register the fastest CAGR of 6.5% from 2020 to 2027
  • The chemical and stain resistant properties of these products are expected to positively influence the segment growth
  • Glazed ceramic tiles product segment accounted for USD 100.4 billion in 2019 and is estimated to expand at a steady CAGR growth over the forecast period
  • High demand for the product from the applications including kitchen, bathroom, and laundry room flooring is anticipated to benefit the segmental growth
  • Asia Pacific is projected to record the highest CAGR of 8.1% from 2020 to 2027 owing to the rapid expansion of residential and commercial construction sectors in the economies including India, China, South Korea, Indonesia, and others
  • China accounted for the highest share in the APAC regional market on account of the expansion of the residential and non-residential sector in the country