Dublin, March 06, 2023 (GLOBE NEWSWIRE) -- The "Global Porcelain Tile & Slab 2022-2026" report has been added to ResearchAndMarkets.com's offering.
Through 2026, global demand for porcelain tile and slab is forecast to increase 5.7% per year to 9.1 billion square meters valued at $133 billion.
Market growth will be driven by:
- above average gains in building construction activity in the Asia/Pacific and Africa/Mideast regions, where porcelain tile is commonly used for its aesthetics, cost, and ability to cool building interiors
- increases in the average size of houses around the world, including larger kitchens and more bathrooms per dwelling, which boosts demand for flooring, interior wall cladding, and countertops and backsplashes
- increasing personal incomes allowing for greater investment over the long term in housing products such as flooring, wall cladding, siding, and countertops
- rapidly increasing use of large format porcelain slab in interior building applications throughout the world
Porcelain Tile Taking Share from Standard Ceramic in All Major Applications
Demand for porcelain tile is projected to solidly outpace that of standard ceramic tile - porcelain's primary competitor - in all major markets and applications. Porcelain tile will be increasingly adopted due to its:
- Favorable performance properties, such as its durability and slip resistance
- Ability to mimic the appearance of expensive flooring materials such as natural stone or wood, which standard ceramic tiles are unable to do
Thin porcelain tile in particular has become popular due to its ability to be manufactured with large surface areas without significantly increasing its weight.
These factors make installation faster and easier by making the tile easier to handle and reducing the number of joints that need to be grouted. Consumers also favor a reduced number of grout lines compared to smaller tiles because it imparts a smoother final look and makes the spaces easier to clean.
Large Format Porcelain Slab Making Rapid Market Inroads Around the World
Large format porcelain slab used for countertops and backsplashes will be the fastest growing decorative tile product in the world, with demand rising at a rate of 25% annually.
This robust rate of growth will be fueled by rising consumer awareness of its favorable performance properties, such as:
- Stain resistance in both indoor and outdoor settings, as well as being heat and frost resistant, which makes it a top choice for outdoor kitchens
- Greater strength and durability when compared to granite
- Absence of discoloration or color change issues
- Wide variety of finishes, patterns, and colors available from manufacturers
- Ability to be used as backsplashes
- Easy-to-clean, hygienic surface
Key Topics Covered:
1. Executive Summary
2. About This Report
- Report Details
- Study Scope & Product Description
- Impact of COVID-19 Pandemic
3. Overview
- Historical Market Trends
- Regional Trends
- Demand by Region & Product
- Leading Country Markets
- Fastest Growing Country Markets
- Production by Region
- International Trade
- Capacity & New Plant Construction
- Market Trends
- Demand by Market
- Residential
- Nonresidential
- Pricing Trends
- Market Share & Leading Producers
4. Applications
- Demand by Application
- Flooring
- Regional & Market Trends
- Competitive Products
- Wall Tile (Interior Wall Cladding)
- Regional & Market Trends
- Competitive Products
- Siding (Exterior Wall Cladding)
- Regional & Market Trends
- Competitive Products
- Countertops & Backsplashes
- Regional & Market Trends
- Competitive Products
- Other Porcelain Tile Applications
Companies Mentioned
- Mohawk Industries
- Parmesa Group
- RAK Ceramics
For more information about this report visit https://www.researchandmarkets.com/r/71taa6
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