The Southeast Asia Ceramic Tiles Market 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. According to MarkNtel Advisors Study.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Southeast Asia Ceramic Tiles Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- By Country
- Indonesia
- Vietnam
- Malaysia
- Singapore
- Thailand
- Myanmar
- The Philippines
- Rest of Southeast Asia
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Mohawk Industries, Inc., SCG Ceramics, Jaquar Ceramics, RAK Ceramics, ATLAS CONCORDE S.P.A, Ceramica Saloni, Newpearl Group, Ricchetti Group, Porcelanosa Grupo, Platinum Ceramics Industry and Others looking forward to strengthening their market positions.
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