In the last decade, the ceramic tiles industry has evolved into a more organized market with new users emerging in various industries. Ceramic tile as a product segment has grown to a sizable chunk today at approximately 680 Million Square meters production per annum.
According to the report published by Allied Market Research, India is the 2nd largest tiles market in the world. The India ceramic tiles market generated $3.72 billion in 2019, and is estimated to reach $7.14 billion by 2027, registering a CAGR of 8.6% from 2020 to 2027.
India sanitary ware market was valued at US$ 665.36 million in 2020 and expected to reach US$1074.71 million by 2027, at a CAGR of 7.38 % over the forecast period 2021 – 2027. Factors, such as a healthy lifestyle, disposable income of consumers, surge in urbanization, growth in shift from unbranded products to branded products, and strong replacement demand, have supplemented the growth of the global sanitary ware market. Supportive government initiatives, such as Pradhan Mantri Awas Yojana (PMAY) and Swachh Bharat Mission for infrastructure development, both in urban and rural areas are expected to offer future growth opportunities in developing countries, such as India, to the sanitary ware market players.
Growth of the construction industry and increase in urbanization drive the growth of the India ceramic tiles market. The main product segments are the Wall tile, Floor tile, Vitrified tile and Industrial tile segments.
During the Covid-19 outbreak, the manufacturing activities of ceramic tiles have been halted in many countries. However, India continues to be a strong manufacturer and leader as a global supplier for domestic and international markets.