GCC Ceramic Tiles Market is anticipated to register a robust CAGR during the forecast period owing to rising infrastructural projects in the GCC (Gulf Cooperation Council) countries.
Ceramic tiles are thin, flat tiles, usually with chamfered edges. They are used to line or cover surfaces and can provide corrosion resistance, thermal protection, abrasion resistance and/or surface decoration. Ceramic tiles come in many shapes, sizes, and colors.They are attached to a surface such as a subfloor with mortar. The gaps between the tiles are filled with mortar. For flooring applications, cross-shaped plastic spacers are used to separate the tiles prior to grouting. Ceramic tiles are durable and wear-resistant, making them suitable for covering the surface of roofs, floors, walls, tabletops, bathroom showers, and other objects. Inexpensive, low-maintenance ceramic tiles are rapidly replacing traditional marble and stone floors.Technological advances such as improvements in digital printing processes have increased the popularity of ceramic floor tiles. The newly developed printer has excellent qualities such as high-resolution and nanometer-precision printing on flat, curved or structured surfaces, as well as multi-layer printing. GCC countries have launched visions such as Saudi Vision 2030, Qatar National Vision 2030, Oman Vision 2040, and Kuwait Vision 2035. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=15161
Increasing Investment in Saudi Arabia Construction Industry
Construction planned as part of the Vision 2030 project with over 555,000 residential units, over 275,000 hotel rooms, over 4.3 million sq.m. of retail space and over 6.1 million sq.m. of new office space expected by 2030 is making Saudi Arabia a market leader in GCC construction industry. Total investment in infrastructure and real estate projects is expected to be USD1.1 trillion (R4.13 trillion). Riyadh itself is poised for explosive growth, with population expected to reach 17 million by 2030. To reach this ambitious growth target, USD104 billion worth of real estate projects have been announced in the country since the Kingdom’s National Transformation Plan was launched in 2016. These projects are expected to drive the GCC Ceramic Tiles Market during the forecast period.
Investment for Bahrain Vision 2030
For 2021, Bahrain has announced a new strategic project plan. The plan calls for more than 20 of new projects across the kingdom, investing more than USD30 billion. The plan consists of 22 signature projects across key sectors. These include telecommunication, tourism, education, manufacturing and health. It will also contribute to the realization of the 2030 Economic Vision for Bahrain. New projects include building five cities on the newly established islands namely Fasht Al Jarim, Suhaila Island, Fasht Al Adham, Bahrain Bay, and Hawar Islands, which is expected to increase Bahrain’s total land area by more than 60%. These projects are expected to drive the GCC Ceramic Tiles Market during the forecast period.
Latest Developments driving the GCC Ceramic Tiles Market growth
- In March 2022, RAK Ceramics PJSC, a global provider of ceramic tiles and kitchen & bathroom accessories in the United Arab Emirates, announced the acquisition of the KLUDI Group, a German-based company that specializes in manufacturing kitchen and bathroom faucets and shower systems.In 2021, Saudi Ceramics announced plans to build a new porcelain tile factory with an annual capacity of 8.25 million square meters at a cost of USD66.4 million. The project started in the fourth quarter of 2021 and is expected to be completed by the second quarter of 2023.
Market Segmentation
GCC Ceramic Tiles Market is segmented into type, construction type, end user, application, country and competitive landscape. Based on type, the market is divided into porcelain, glazed, unglazed. Based on construction type, the market is further bifurcated into new construction and replacement & renovation. Based on end user, the market is further bifurcated into residential and non- residential. Based on application, the market is further segmented into floor, internal wall, external wall, roofs and others.
Market player
Major market players in the GCC Ceramic Tiles Market are RAK Ceramics PJSC, Porcelanosa Associate Dubai, Al-Jawdah Industrial Complex, Al Anwar Ceramic Tiles Co. SAOG, Al Maha Ceramics SAOG, Al Khaleej Ceramics Co. LLC, Saudi Ceramics Company, National Industries Ceramics Co., Arabian Tile Company Ltd., Riyadh Ceramics.
AttributeDetailsBase Year2022Historic Data2018– 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, company share, growth factors, and trendsSegments coveredTypeConstruction TypeEnd UserApplicationCountryRegional scopeSaudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, Oman Key companies profiledRAK Ceramics PJSC, Porcelanosa Associate Dubai, Al-Jawdah Industrial Complex, Al Anwar Ceramic Tiles Co. SAOG, Al Maha Ceramics SAOG, Al Khaleej Ceramics Co. LLC, Saudi Ceramics Company, National Industries Ceramics Co., Arabian Tile Company Ltd., Riyadh Ceramics.Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, GCC Ceramic Tiles Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Research Methodology
2.1. Baseline Methodology2.2. Key Industry Partners2.3. Major Association and Secondary Sources2.4. Forecasting Methodology2.5. Data Triangulation & Validation2.6. Assumptions and Limitations
- Executive SummaryImpact of COVID-19 on GCC Ceramic Tiles MarketVoice of Customers
5.1. Brand Awareness5.2. Key factors for selecting vendor5.3. Key satisfaction level5.4. Key challenges faced
- GCC Ceramic Tiles Market Outlook
6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Type (Porcelain, Glazed, Unglazed)6.2.2. By Construction Type (New Construction and Replacement & Renovation)6.2.3. By End User (Residential and Non- Residential)6.2.4. By Application (Floor, Internal Wall, External Wall, Roofs and Others)6.2.5. By Country6.3. By Company (2022)6.4. Market Map
- Saudi Arabia Ceramic Tiles Market Outlook
7.1. Saudi Arabia Economic Profile7.2. Market Size & Forecast7.2.1. By Value7.3. Market Share & Forecast7.3.1. By End User7.3.2. By Construction Type7.3.3. By End User7.3.4. By Application
- United Arab Emirates Ceramic Tiles Market Outlook
8.1. United Arab Emirates Economic Profile8.2. Market Size & Forecast8.2.1. By Value8.3. Market Share & Forecast8.3.1. By End User8.3.2. By Construction Type8.3.3. By End User8.3.4. By Application
- Qatar Ceramic Tiles Market Outlook
9.1. Qatar Economic Profile9.2. Market Size & Forecast9.2.1. By Value9.3. Market Share & Forecast9.3.1. By End User9.3.2. By Construction Type9.3.3. By End User9.3.4. By Application
- Kuwait Ceramic Tiles Market Outlook
10.1. Kuwait Economic Profile10.2. Market Size & Forecast10.2.1. By Value10.3. Market Share & Forecast10.3.1. By End User10.3.2. By Construction Type10.3.3. By End User10.3.4. By Application
- Bahrain Ceramic Tiles Market Outlook
11.1. Bahrain Economic Profile11.2. Market Size & Forecast11.2.1. By Value11.3. Market Share & Forecast11.3.1. By End User11.3.2. By Construction Type11.3.3. By End User11.3.4. By Application
- Oman Ceramic Tiles Market Outlook
12.1. Oman Economic Profile12.2. Market Size & Forecast12.2.1. By Value12.3. Market Share & Forecast12.3.1. By End User12.3.2. By Construction Type12.3.3. By End User12.3.4. By Application
- Market Dynamics
13.1. Drivers13.1.1. Increasing Investment in Saudi Arabia Construction Industry13.1.2. Investment for Bahrain Vision 203013.2. Challenges13.2.1. Environmental Regulations causing hindrance to the market growth
- Market Trends & Developments
14.1. Rise of coordinated retail area