
Large-format Ceramic Panels Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031
-
27538
-
April 2023
-
161
-
-
This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
Demand for Large-format Ceramic Panels from 2015 to 2020 Vs. Future Market Projections for 2021-2031
From 2015 to 2020, sales of large-format ceramic panels have increased at a stable rate, expanding at over 5.0% CAGR.
Large-format ceramic panels, also known as Gauged porcelain tile panels/slabs (GPTP), are technically defined as tiles measuring 1*1 meter or in larger sizes. These ceramic panels were available in the market for over a decade but have gradually become popular in recent years. Some of the panels are about 12 feet tall with a thickness of 3 mm to 20 mm. The large-format ceramic panels are usually used for flooring, interior wall cladding, and exterior wall cladding. Nonetheless, the recently launched 3 mm options open up various applications for these panels, including pavers for outdoor walkways, patios, and driveways.
Designers and specifiers are majorly selecting these types of panels for both commercial and high-end residential projects. International trade associations such as the Tile Council of North America (TCNA) have established standards such as American National Standard Specifications and even guidelines for installing these panels. This is anticipated to have a favorable impact on the target market.
The construction industry accounts for approximately 6% of the global GDP and is the largest consumer of large-format ceramic tiles. Robust growth of the construction industry in developing economies and rebound in developed countries is expected to boost the large-format ceramic tiles market.
Global Large-format Ceramic Panels Market Revenue Outlook:
The global large-format ceramic panels market was valued at over US$ 21 Bn in 2020 and is projected to register а САGR of close to 5.0% by 2031.
One of the main reasons for adopting these large-format ceramic tiles is that they create a visually continuous effect. These tiles are versatile and are available in finishes ranging from simple to ornate and classic to contemporary. Additionally, ceramic tiles/ panels are comparatively less expensive than porcelain tiles/ panels. They are also easier to cut according to requirements, i.e., better suitable for DIY projects. Increasing use of these tiles for additional applications such as countertops and vanity tops is also enabling a robust growth of the global large fоrmаt сеrаmіс раnеl market.
The development of ecological ceramic tiles produced from waste and recycled materials from different industrial sectors such as ceramic, glass, and thermal plants has gained significant traction in recent years. The eco-ceramic paste composition consists of clay+kaolin (40-45%), feldspar (30-35%), sand (5-10%), and recycled products (15-20%). Growing inclination towards eco-friendly materials and products is expected to create a colossal opportunity for the global large fоrmаt сеrаmіс раnеl market over the forecast period.
Import-Export Analysis of large-format ceramic panels, under HS code 6907, 2016-2020
The import of large-format ceramic panels (H.S. Code – 6907, 6908, etc.), decreased by 2.3% in 2020 to reach a value of US$ 15.4 Bn, while the export decreased by 0.3%. Major importing countries in this category include the US, accounting for 12.2% of the total global imports. The US is followed by France, Germany, Saudi Arabia, and the UK. Major exporting countries of large-format ceramic panels include Italy, China, Spain, India, and Turkey.
Import (US$ ‘000) of Large-format Ceramic Panels (H.S. Code – 6907) by Country, 2016-2020
Importing Country 2016 2017 2018 2019 2020 The US XXX.X XXX.X XXX.X XXX.X 1875234 France XXX.X XXX.X XXX.X XXX.X XXX.X Germany XXX.X XXX.X XXX.X XXX.X XXX.X Saudi Arabia XXX.X XXX.X XXX.X XXX.X XXX.X UK XXX.X XXX.X XXX.X XXX.X XXX.X XXX XXX.X XXX.X XXX.X XXX.X XXX.X Global XXX.X XXX.X XXX.X 15745047 15381560 To learn more about this report, request for sample report
Export (US$ ‘000) of Large-format Ceramic Panels (H.S. Code – 6907) by Country, 2016-2020
Exporting Country 2016 2017 2018 2019 2020 Italy XXX.X XXX.X XXX.X XXX.X XXX.X China XXX.X XXX.X XXX.X XXX.X XXX.X Spain XXX.X XXX.X XXX.X XXX.X XXX.X India XXX.X XXX.X XXX.X XXX.X XXX.X Turkey XXX.X XXX.X XXX.X XXX.X XXX.X XXX XXX.X XXX.X XXX.X XXX.X XXX.X Global XXX.X XXX.X XXX.X XXX.X 17136751 Click here for free sample PDF To Get More Details Inquiry
The imports of large-format ceramic panels fell by 9.1% during the Q1 of 2020 compared to the previous quarter due to the trade restrictions imposed to contain the coronavirus. Nonetheless, the imports stabilized in the Q3-2020, increasing to US$3.1 Bn, gaining by 31.1% from the previous quarter. On the other hand, the exports declined by 18.2% in Q1-2020 from the previous quarter and, post the lockdown relaxations, noted a subsequent growth of 31.7% in Q3-2020.
Regional Analysis:
Asia-Pacific is anticipated to hold a significant share of the global large-format ceramic panels market. The region is also expected to register the highest growth rates over the forecast period. Growing construction activities in developed and developing economies in the region such as Japan, South Korea, China, India, etc., are expected to increase demand for these panels. Moreover, prominent players such as Kajaria Ceramics, SCG, China Ceramics, etc., in the region are also expected to support the market revenue growth.
COVID-19 Impact Analysis:
The initial lockdown during Q1 and Q2 2020 caused severe disruptions in the supply chain of large-format ceramic panels. Lack of supply of raw materials from major suppliers in China and halts in the movement of finished products stagnated the market growth. The closure of retail outlets and interrupted construction activities further exacerbated the situation. Relaxation of regulations post the initial lockdown, and resumption of construction activities helped the market to normalcy. Moreover, due to the work-from-home offered by most companies, the trend of DIY construction activities kept the market afloat.
Competitive Landscape:
The large-format ceramic panels market landscape appears highly consolidated, with a significant chunk of it being dominated by players in the Asian and European countries.
- Mohawk Industries
- Grupo Lamosa
- RAK Ceramics
- Pamesa Ceramica SL
- Florim Ceramiche Spa
- Kajaria Ceramics Ltd
- GranitiFiandre S.p.A.
- SCG Ceramics Public Co. Ltd
- STN Ceramica
- Mirage Granito Ceramico Spa
- Levantina Group
- TheSize Surfaces Sociedad Limitada (Neolith)
- Other Key Players
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Key Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Segments Covered
Large-format Ceramic Panels Market, By Thickness
- 3 mm & Below
- 5-7 mm
- 12 mm & Above
Large-format Ceramic Panels Market, By Application
- Flooring
- Interior Wall
- Exterior Wall Cladding
- Other Applications
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn To learn more about this report, request for sample report
-
-
- Mohawk Industries
- Grupo Lamosa
- RAK Ceramics
- Pamesa Ceramica SL
- Florim Ceramiche Spa
- Kajaria Ceramics Ltd
- GranitiFiandre S.p.A.
- SCG Ceramics Public Co. Ltd
- STN Ceramica
- Mirage Granito Ceramico Spa
- Levantina Group
- TheSize Surfaces Sociedad Limitada (Neolith)
- Other Key Players