Global Large Format Ceramic Panel Market Size By Thickness (3mm and Below, 5-9mm, 9.1-12mm, and 20mm and Above), By Application (Countertop, Exterior Wall Cladding, Flooring, and Interior Wall), By Sizes (90x90 Cm Tiles, 60x120 Cm Tiles, 40x120 Cm Tiles, 20x120 Cm Tiles), By Geographic Scope And Forecast
Report ID: 26548|No. of Pages: 202
Global Large Format Ceramic Panel Market Size By Thickness (3mm and Below, 5-9mm, 9.1-12mm, and 20mm and Above), By Application (Countertop, Exterior Wall Cladding, Flooring, and Interior Wall), By Sizes (90x90 Cm Tiles, 60x120 Cm Tiles, 40x120 Cm Tiles, 20x120 Cm Tiles), By Geographic Scope And Forecast
Large Format Ceramic Panel Market Size And Forecast
Large Format Ceramic Panel Market size was valued at USD 52.15 Billion in 2022 and is projected to reach USD 119.90 Billion by 2030, growing at a CAGR of 10.27% from 2023 to 2030.
The rising urbanization leads to the introduction of new constructions. The growing construction activities are supported by the rising housing needs across the regions. With the increasing population and its shift from rural to urban areas, the construction industry is fueling at a faster pace. The Global Large Format Ceramic Panel Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the Market.
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Global Large Format Ceramic Panel Market Definition
A Large Format Ceramic Panel is a naturally occurring product composed of ceramic stone. The panels are made using the newest ceramic technology. It exhibits properties such as fire, frost, UV resistance, and flexural strength. It has been extensively used in Westernized architecture, introduced with various widths, thicknesses, and weights, and is replaceable to a number of small tiles. It is widely applicable in kitchen splashbacks, benchtops, and other architectural applications. These panels offer high tensile strength, cost-effectiveness, better durability, and improved aesthetic value. Furthermore, large-format ceramic panels also provide high resistance against frost, UV, fire, water, etc.
These ceramic panels have gained popularity due to their wide availability in various designs and patterns. The large-format ceramic panels are used extensively in countertops, benchtops, flooring, wall cladding, etc. Large Format Ceramic Panel also known as extra-large size ceramic tile is a new craftily designed product segment in the Large Format Ceramic Panel Market.
On the grounds of continuous dynamic innovations and developments of the manufacturing process in the ceramic tile industry, additionally with the change in incremental demand for seamless ceramic tiles gave birth to the Large Format ceramic panels. The availability of ceramic panels in a wide range of dimensions from 100cm*300cm to 160cm*480cm of length and breadth respectively with thicknesses from 3mm to 30mm facilitates the growth of ceramic panels in different applicability.
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Global Large Format Ceramic Panel Market Overview
The rising urbanization leads to the introduction of new constructions. The growing construction activities are supported by the rising housing needs across the regions. With the increasing population and its shift from rural to urban areas, the construction industry is fueling at a faster pace. The adaptability of the digital printing technology by the manufacturers to introduce a wide range of design aesthetics in the Large Format Ceramic Panel is boosting the growth of the Market. Furthermore, the increasing focus on the brands among consumers for interior décor accelerates the demand for dedicated retail stores that offer branded large-format ceramic panels.
The volatility in the prices of raw materials is one of the factors for the Market to restrict growth. In addition to that the rising concerns related to dust and gaseous emission owing to the spray drying of ceramics derived from raw materials and fuels used negatively impact Market growth. The volatile and unstable markets have adverse consequences that are primarily faced by the manufacturing units. Moreover, the increasingly stringent regulations by the governments are another factor that restricts the Market.
Global Large Format Ceramic Panel Market Segmentation Analysis
The Global Large Format Ceramic Panel Market is segmented based on Thickness, Application, Sizes, and Geography.
Large Format Ceramic Panel Market, By Thickness
- 3mm and Below
- 5-9mm
- 1-12mm
- 20mm and Above
Based on the Thickness, the Market is bifurcated into 3mm and Below, 5-9mm, 9.1-12mm, and 20mm and Above.
Large Format Ceramic Panel Market, By Application
- Countertop
- Exterior Wall Cladding
- Flooring
- Interior Wall
Based on the Application, the Market is bifurcated into Countertop, Exterior Wall Cladding, Flooring, and Interior Wall.
Large Format Ceramic Panel Market, By Sizes
- 90×90 Cm Tiles
- 60×120 Cm Tiles
- 40×120 Cm Tiles
- 20×120 Cm Tiles
- Others
Based on the Sizes, the Market is bifurcated into 90×90 Cm Tiles, 60×120 Cm Tiles, 40×120 Cm Tiles, 20×120 Cm Tiles, and Others. 90×90.
Large Format Ceramic Panel Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on the Regional Analysis, the Global Large Format Ceramic Panel Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Key Players
The “Global Large Format Ceramic Panel Market” study report will provide valuable insight with an emphasis on the Global Market. The major players in the Market are RAK Ceramics, Panariagroup Industrie Ceram, Marazzi, Florim, Levantina Company, Neolith, Granitifiandre S.P.A, Laminam SPA, ABK Group, Gruppo Concorde, Porcelanosa Group, Emil group.
Our Market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, Market share, and Market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of Market attractiveness provided would further help to get information about the region that is majorly leading in the Global Large Format Ceramic Panel Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Large Format Ceramic Panel Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | RAK Ceramics, Panariagroup Industrie Ceram, Marazzi, Florim, Levantina Company, Neolith, Granitifiandre S.P.A, Laminam SPA, ABK Group, Gruppo Concorde, Porcelanosa Group, Emil group |
| SEGMENTS COVERED | By Thickness, By Application, By Sizes, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players
• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the Market from various perspectives through Porter’s five forces analysis
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Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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