Consumer Preferences Continue to Drive Strong Growth for Large-Format Ceramic Tile
Regionally, Europe accounts for the largest share of the large-format ceramic tile market, representing around 64.8% of the total market in 2018.
The global market for large-format ceramic tile panels is projected to display growth of over 11.8% by volume and 9.4% CAGR by value from 2019-2024, according to a recent report by Azoth Analytics. Chief drivers for the market include: advancement in the construction sector; strong established distribution channels; innovation and technological development in manufacturing processes; and the inclination of consumer behavior toward large-format, seamless ceramic tile.
From 2019-2024, demand growth for large-format ceramic panels is expected to exhibit strong growth due to high applicability in varied end-user applications. Large-format ceramic panels are increasingly being used in flooring, interior and exterior walls, and countertops in several high-end commercial and residential buildings.
Regionally, Europe accounts for the largest share of the market, representing around 64.8% of the total market in 2018. The market for large-format ceramic tile panels in Europe is predicted to advance at a significant rate due to soaring growth in the construction sectors, economic development and changing consumer preferences.
Large-format ceramic panels, also known as extra-large size ceramic tile, are widely used in architecture and interior design due to their flatness, extremely low weight, and excellent physical and mechanical properties. Dimensions range from 100 x 300 cm (~ 39 x 118 in.) to 160 x 480 cm (~ 63 x 189 in.) in length and breadth, respectively, with thickness of 3-30 mm (~ 0.12-1.18 in.).
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