MarkNtel Advisors recently published a detailed industry analysis of the Southeast Asia Ceramic Tiles Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Southeast Asia Ceramic Tiles Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Southeast Asia Ceramic Tiles Market is valued at around USD 11.5 billion in 2024 and isis estimated to grow at a CAGR of around 7.58% during the forecast period, i.e., 2024-2030.
Key Findings in Southeast Asia Ceramic Tiles Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Mohawk Industries, Inc., SCG Ceramics, Jaquar Ceramics, RAK Ceramics, ATLAS CONCORDE S.P.A, Ceramica Saloni, Newpearl Group, Ricchetti Group, Porcelanosa Grupo, Platinum Ceramics Industry and Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Southeast Asia Ceramic Tiles Market industry?
Rise in the Construction of Corporate Buildings Due to the Presence of Several Tax Heavens in the Region- The region has become a preferred location for multinational corporations to establish their headquarters and Business Process Outsourcing (BPO) and Shared Service Centers due to the presence of several tax haven nations such as Thailand, the Philippines, and Malaysia. Corporations do not have to pay heavy taxes that are otherwise applicable in any other regions across the globe. Moreover, the availability of inexpensive skilled workers in the region is also a big factor for corporations that are setting up their operations in Southeast Asia. The reason for the availability of an inexpensive skilled workforce is the low daily minimum wage rate for workers in the region. For instance, according to the Labor Ministry, in 2021, Thailand’s daily minimum wage throughout the country ranged from approximately USD 9 to 10. This resulted in the increasing number of MNCs in recent years. As more and more MNCs register themselves in the region, this would lead to the construction of corporate offices or buildings, thus fueling the demand for ceramic tiles and resulting in rising the ceramic tiles market share during 2024-2030.
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What segments define the Southeast Asia Ceramic Tiles Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Glazed- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Unglazed- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Others (Semi-Glazed and Scratch-Free Tiles) -Market Size & Forecast 2019-2030, (Million Sq. Meters)
According to report, Glazed ceramic tiles are a popular choice in the construction and interior design industries due to their aesthetic appeal, durability, and versatility.
By Application Area
- Floor Tiles- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Wall Tiles- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Others (Ceilings & Decoration)- Market Size & Forecast 2019-2030, (Million Sq. Meters)
By Distribution Channel
- Direct Sales- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Dealers and Distributors- Market Size & Forecast 2019-2030, (Million Sq. Meters)
By Demand Type
- New Construction- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Renovation and Replacement – Market Size & Forecast 2019-2030, (Million Sq. Meters)
According to report, Renovation and replacement would account for the major share of the Southeast Asia Ceramic Tiles Market in the forecast period.
By End User
- Residential- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Commercial & Retail- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Hospitality – Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Government & Transportation- Market Size & Forecast 2019-2030, (Million Sq. Meters)
- Others (Industrial, etc.)- Market Size & Forecast 2019-2030, (Million Sq. Meters)
Explore the Complete Southeast Asia Ceramic Tiles Market Analysis Report –
https://www.marknteladvisors.com/research-library/sea-ceramic-tiles-market.html
Geographical Analysis: Southeast Asia Ceramic Tiles Market
By Country
- Indonesia
- Vietnam
- Malaysia
- Singapore
- Thailand
- Myanmar
- The Philippines
- Rest of Southeast Asia
Southeast Asia Ceramic Tiles Market Recent Development:
- 2022: Platinum Ceramics launched a major plant modernization project aimed at increasing productivity and improving the quality of its products. It made a partnership with System Ceramics for the technological advancements of the project.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Southeast Asia Ceramic Tiles Market?
- How is the Southeast Asia Ceramic Tiles Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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