Asia Pacific Ceramic Tiles Market Size & Outlook
Asia Pacific ceramic tiles market, 2018-2030 (US$M)
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Asia Pacific ceramic tiles market highlights
- The Asia Pacific ceramic tiles market generated a revenue of USD 76,674.6 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 76,674.6 million |
| Market revenue in 2030 | USD 110,090.7 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | Mohawk Industries Inc, Armstrong World Industries Inc, Antelope Enterprise Holdings Ltd, Kajaria Ceremics, Atlas Concorde, RAK Ceramics, Victoria PLC, Florida Tile Industries Inc, Porcelanosa, GRUPPO CERAMICHE RICCHETTI, Monalisa Group, New Pearl Group, Florim Ceramiche |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 55.1% of the global ceramic tiles market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 24,141.3 million by 2030.
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Ceramic Tiles Market Scope
Ceramic Tiles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ceramic tiles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceramic tiles market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 52.74% in 2023. Horizon Databook has segmented the Asia Pacific ceramic tiles market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for the largest share of the global ceramic tiles market in 2018 and is expected to continue its dominance over the forecast period. High product demand from residential and nonresidential construction segments in emerging economies of Asia Pacific including China and India is expected to provide growth opportunities for the market.
Ceramic tiles have deeply penetrated the regional construction sector owing to the widespread availability of prominent manufacturers. Asia Pacific is characterized by high temperature and extreme climatic conditions, which is anticipated to contribute to the product demand in flooring applications as ceramic tiles are known to lower the temperature.
Construction industry in Asia Pacific is expected to grow on account of rising per capita income, rapid urbanization, and expanding population. The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in the region is expected to boost construction activities, thereby, driving the product demand over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ceramic tiles market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ceramic tiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ceramic tiles market size, by country, 2018-2030 (US$M)
Asia Pacific Ceramic Tiles Market Outlook Share, 2023 & 2030 (US$M)
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