According to MarkNtel Advisors study the market size of the Southeast Asia Ceramic Tiles industry size is valued at around USD 11.5 billion in 2024 and is is estimated to grow at a CAGR of around 7.58% during the forecast period, i.e., 2024-2030.

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Key Findings of the Study: Southeast Asia Ceramic Tiles market

Southeast Asia Ceramic Tiles Market Driver:

Rise in the Construction of Corporate Buildings Due to the Presence of Several Tax Heavens in the Region: The region has become a preferred location for multinational corporations to establish their headquarters and Business Process Outsourcing (BPO) and Shared Service Centers due to the presence of several tax haven nations such as Thailand, the Philippines, and Malaysia. Corporations do not have to pay heavy taxes that are otherwise applicable in any other regions across the globe. Moreover, the availability of inexpensive skilled workers in the region is also a big factor for corporations that are setting up their operations in Southeast Asia. The reason for the availability of an inexpensive skilled workforce is the low daily minimum wage rate for workers in the region. For instance, according to the Labor Ministry, in 2021, Thailand’s daily minimum wage throughout the country ranged from approximately USD 9 to 10. This resulted in the increasing number of MNCs in recent years.  As more and more MNCs register themselves in the region, this would lead to the construction of corporate offices or buildings, thus fueling the demand for ceramic tiles and resulting in rising the ceramic tiles market share during 2024-2030.

Southeast Asia Ceramic Tiles Market Challenge:

Competition From Alternative Flooring Options Such as Luxury Vinyl And Engineered Hardwood:  Luxury vinyl tiles are more budget-friendly as compared to ceramic tiles and the installation process of ceramic tiles can be more labor-intensive and time-consuming, involving grouting and sealing. These engineered hardwoods offer a wide range of design options that mimic the appearance of several natural materials, including wood and stone. This gives consumers more choices in terms of aesthetics, which can affect the demand for traditional ceramic tiles that have a limited range of designs. Furthermore, in recent years consumers have become increasingly concerned about the environmental impact of their choices. Engineered hardwood is considered more sustainable than traditional hardwood flooring. Similarly, luxury vinyl can be perceived as environmentally friendly due to its potentially lower energy consumption during manufacturing and transportation compared to ceramic tiles. Hence the rising competition from alternative flooring options in the market of South East Asia affects the demand for ceramic tiles in the forthcoming years.

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Scope of the Report and Southeast Asia Ceramic Tiles Market Segmentation:

By Type

• Glazed- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Unglazed- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Others (Semi-Glazed and Scratch-Free Tiles) -Market Size Forecast 2019-2030, (Million Sq. Meters)

By Application Area      

• Floor Tiles- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Wall Tiles- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Others (Ceilings Decoration)- Market Size Forecast 2019-2030, (Million Sq. Meters)

By Distribution Channel

• Direct Sales- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Dealers and Distributors- Market Size Forecast 2019-2030, (Million Sq. Meters)

By Demand Type

• New Construction- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Renovation and Replacement - Market Size Forecast 2019-2030, (Million Sq. Meters)

By End User

• Residential- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Commercial Retail- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Hospitality - Market Size Forecast 2019-2030, (Million Sq. Meters)
• Government Transportation- Market Size Forecast 2019-2030, (Million Sq. Meters)
• Others (Industrial, etc.)- Market Size Forecast 2019-2030, (Million Sq. Meters)

Renovation and replacement would account for the major share of the Southeast Asia Ceramic Tiles Market in the forecast period.

Southeast Asia Ceramic Tiles Market Development:

• 2022: Platinum Ceramics launched a major plant modernization project aimed at increasing productivity and improving the quality of its products. It made a partnership with System Ceramics for the technological advancements of the project.

Geographical Analysis:

By Country

• Indonesia
• Vietnam
• Malaysia
• Singapore
• Thailand
• Myanmar
• The Philippines
• Rest of Southeast Asia

Note: If you require specific information not covered in the current report, we can provide it through customized option

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