January 24, 2024 10:07 ET | Source: Research and Markets Research and Markets
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "GCC Ceramic Tiles Market Size, Share & Trends Analysis Report By Product (Glazed Ceramic Tiles, Porcelain), By Application, By End-use (Residential, Commercial), By Country, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. The GCC ceramic tiles market size is expected to reach USD 16.82 billion by 2030, growing at a CAGR of 8.4% during the forecast period. Rising investment in construction projects by the governments of Saudi Arabia, the UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting the demand in the market over the forecast period. The ceramic tiles manufacturing process has evolved significantly over the past years. The requirement for high-quality materials with good efficiency levels has developed new firing and pressing technologies. Manufacturers have been trying to create technologies for simple, flexible, and low-cost production of ceramic tiles. Environmental pollution and waste disposal have always been a major concern for manufacturers. They are now focusing on reducing CO2 emissions and water consumption through improved processing options while manufacturing ceramic tiles. Wet clays, feldspar, alumina, silica, and sand are some of the most commonly used raw materials during the manufacturing process of ceramic tiles. Key raw material suppliers include Saudi Ceramics, United Mining Investments Co., Carrefour, and Saudi Dolomites. Growing demand for ceramics in automotive and electronics applications is expected to be a key concern for market players. The robust manufacturing base of ceramics in China, India, and Indonesia is expected to promote investments by market players. The market is expected to witness growth over the forecast period owing to the rapid growth of the construction industry, which can be attributed to the high investments by various governments in companies for developing new residential & commercial complexes and infrastructural projects. In addition, increased emphasis by the governments on the construction of new hospitals, educational institutions, and leisure projects is expected to create growth opportunities in the ceramic tiles market. The market could be more organized to a greater extent as numerous domestic players are operating across GCC. Many small-scale players manufacture and distribute products and cater to wall and flooring applications. These players prefer the supply of ceramic tiles directly to the end market by avoiding the distribution channel, thus negatively affecting the value chain. GCC Ceramic Tiles Market Report Highlights Color Steel Solar Mounting Structure Roll Forming Machine
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