Latin America Ceramic Tiles Market Size & Outlook
Latin America ceramic tiles market, 2018-2030 (US$M)
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Latin America ceramic tiles market highlights
- The Latin America ceramic tiles market generated a revenue of USD 17,261.2 million in 2023.
- The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, non-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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 17,261.2 million |
| Market revenue in 2030 | USD 20,846.3 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Non-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, Latin America region accounted for 12.4% 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 |
|---|
Latin America 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.
Non-residential was the largest segment with a revenue share of 59.58% in 2023. Horizon Databook has segmented the Latin America ceramic tiles market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction industry in Central & South America is anticipated to witness substantial growth owing to the increasing investments in various infrastructure projects by foreign and domestic private players in the region. The economies contributing significantly to the regional growth include Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
The growth in construction industry in Central & South America is attributed to private capital infrastructure developments due to public-private partnerships coupled with increasing per capita income in the region.
In addition, the launch of programs, such as the National Infrastructure Program and the National Housing Commission, by the Mexican government is projected to have a positive impact on construction industry in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ceramic tiles market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ceramic tiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ceramic tiles market size, by country, 2018-2030 (US$M)
Latin America Ceramic Tiles Market Outlook Share, 2023 & 2030 (US$M)
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