PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1404522
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1404522
The UAE Ceramic Tiles Market reached USD 9.4 billion in the current year, and it is expected to witness a CAGR of 6.51% during the forecast period.
The UAE ceramic tiles market is projected to witness substantial growth over the forecast period, owing to significant growth in the medical and housing and construction industries. A significant increase in construction activities in the country is providing an impetus to the ceramic tiles market. The ceramics tile manufacturers in the United Arab Emirates use advanced technology and original designs. Thus, the tiles produced by these manufacturers are not only of high quality but also have artistic value. Large companies from around the world are willing to set up companies in the United Arab Emirates because of the demand for ceramic tiles in the country. RAK Ceramics is one of the leading companies in the United Arab Emirates, which specializes in ceramic tiles. In June 2019, the company launched Maximus porcelain mega slabs. Industrial development fuelled by huge investments made by the government plays a crucial role in the growth of the industry, as all industrial facilities need fit-for-purpose flooring.
The demand for ceramic tiles in the United Arab Emirates and across the world is increasing year-on-year, with the consumption of millions of square meters per annum in the country, as new projects are announced every month. This tremendous growth of ceramic tiles is also attributed to the excellent advanced technological developments that have taken place in the flooring section and tile manufacturing process. The country is one of the major importers and exporters of ceramic tiles.
The development in the real estate and infrastructure sectors has helped the country become a global tourist destination in recent years. The real estate sector has a positive impact on development, investments, and tourism, as estate projects were launched to meet the market's needs. The commercial segment is dominating the market in the country.
The report covers major international players operating in the UAE ceramic tiles market. In terms of the market share, the players are moderately fragmented. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the major players in the market are Al Khaleej Ceramics, RAK Ceramics, Al Maha Ceramics, Emirates Ceramic, and Porcellan Co. LLC.