GCC Ceramic Tiles Market Led To A Lucrative Growth With USD 15.74 Billion By 2030

Author : Bella Kent | Published On : 28 Mar 2024

San Francisco, 28 March 2024: The Report GCC Ceramic Tiles Market Size, Share & Trends Analysis Report By Product (Glazed Ceramic Tiles, Porcelain), By Application, By End-use (Residential, Commercial), By Country, And Segment Forecasts, 2024 - 2030

The GCC ceramic tiles market is anticipated to reach USD 15.74 billion by 2030 and is anticipated to expand at a CAGR of 7.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising investment in construction projects by governments of Saudi Arabia, UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting market demand over the forecast period.

Ceramic tiles manufacturing process has highly evolved over the past years. Requirement for high-quality materials with good efficiency levels has developed new firing and pressing technologies. Manufacturers have been trying to create technologies for simple, flexible, and low-cost production of ceramic tiles. Environmental pollution and waste disposal have always been a major concern for the manufacturers. They are now focusing on reducing CO2 emissions and water consumption through improved processing options while manufacturing ceramic tiles.

Wet clays, feldspar, alumina, silica, and sand are some of the most commonly used raw materials during the manufacturing process of ceramic tiles. Key raw material suppliers include Saudi Ceramics, United Mining InvestmentsCo., Carrefour, and Saudi Dolomites. Growing demand for ceramics in automotive and electronics applications is expected to be a key concern for market players. Robust manufacturing base of ceramics in China, India, and Indonesia is expected to promote investments by market players.

Market is expected to witness growth over the forecast period owing to the rapid growth of the construction industry, which can be attributed to the high investments by various governments in companies for developing new residential & commercial complexes and infrastructural projects. In addition, increased emphasis by governments on the construction of new hospitals, educational institutions, and leisure projects is expected to create growth opportunities in the ceramic tiles market.

The market could be more organized to a greater extent as numerous domestic players are operating across GCC. Many small-scale players manufacture and distribute products and cater to wall and flooring applications. These players prefer the supply of ceramic tiles directly to the end market by avoiding distribution channel, thus negatively affecting the value chain.

Access Research Report of GCC Ceramic Tiles Market @ https://www.grandviewresearch.com/industry-analysis/gcc-ceramic-tiles-market-report

GCC Ceramic Tiles Market Report Highlights

• Porcelain tiles led the market, accounting for approximately 51.6% of total revenue in 2023. Porcelain is more rigid and denser than its counterparts and offers better scratch-resistant properties than glazed ceramic tiles. However, the cost of porcelain tiles is higher than other ceramic tiles as they can absorb high moisture and are more hard-wearing.
• Floor tiles application segment dominated the market and accounted for the largest revenue share of about 60.9% in 2023. Production of floor tiles using micro-crystal technology has several advantages, such as lower production cost, excellent aesthetic appeal, corrosion & chemical resistance, acid resistance, and glossy surface.
• Due to increased demand for highly durable and cost-effective ceramic tile-based floorings in high-footfall commercial and industrial sectors, the commercial end-use segment led the market. It accounted for the most significant revenue share of approximately 57.2% in 2023. Ceramic tiles offer excellent durability, affordability, and style. They are suitable for classrooms, computer rooms, corridors, cafeterias, laboratories, hallways, entrance areas, and stairwells of schools, colleges, universities, and professional institutes.
• The rapidly growing population drives the rising construction industry in the country. As per the data published by Worldometer, population of Saudi Arabia was around 36.9 million in 2023, an increase of about 1.48% compared to 2022. Increasing investment by government to improve railways and road infrastructure is expected to boost further the growth of ceramic tiles market in the country over the forecast period.
• Prominent players in market comprise RAK Ceramics, Saudi Ceramics, Al Anwar Ceramic Tiles Co. SAOG, Al Jawdah, and Al Khaleej Ceramics. RAK Ceramics holds a significant market share; the company offers advanced ceramic tiles manufactured with digital printing technology and in various dimensions. Moreover, a dedicated supply channel associated with the company has increased penetration in the ceramic flooring market in the GCC region.

GCC Ceramic Tiles Market Report Scope

List of Key Players in the GCC Ceramic Tiles Market

• RAK Ceramics
• Porcelanosa Dubai
• Al Jawadah Ceramics
• Forsan Ceramics
• Al Anwar Ceramic Tiles Co. SAO
• Al Maha Ceramics
• Al Khaleej Ceramics
• Saudi Ceramics
• Niceramics
• Arabian Tile Company Ltd.
• FUTURE CERAMICS
• Riyadh Ceramics
• ARABIAN CERAMICS
• Porcellan

Access Press Release of GCC Ceramic Tiles Market @ https://www.grandviewresearch.com/press-release/gcc-ceramic-tiles-market-analysis