India’s Ceramic Tile Market Poised for Robust Growth
India’s ceramic tile market is set to witness tremendous growth with a CAGR of 9.1 percent for 2024-2030, propelling the market size to almost US$ 9.54 billion. It stood at US$ 5.18 billion in 2023, largely benefiting from the growing urbanization, construction activities, and the desire for aesthetically pleasing and beautiful interiors. Ceramic tiles characterized by high performances, such as durability, ease of maintenance, and versatility, are becoming popular in residential, commercial, and industrial sectors.
The rise in demand is due to an increasing middle-class population and higher disposable incomes that consequently increase the demands for high-quality and stylish products in both the urban and the rural areas. With the development of more advanced technology in tile production and new designs, the industry is continuously evolving and making available a range of choices, including floor and wall tiles as well as decorative ones.
When it comes to growth, Government strategic initiatives such as ‘Housing for All’ and infrastructure investments contribute greatly, while the focus on eco-friendly building materials is fueling the development of greener tile solutions. In accordance with these changes, India’s ceramic tile manufacturers are incorporating digital printing as well as automation technology which helps them to meet the domestic as well as the international demand for stylish and sustainable products.
With the development of the sector, the Indian ceramic tile is no longer a local industry to meet the domestic demand but also has globally emerging potentials, capturing attention in markets like the US, Europe, and Southeast Asia.