Philippines Ceramic Tiles Market - Growth, Trends, and Forecasts (2020 - 2025)
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 150 Pages
The Philippines' ceramic tiles industry is expected to anticipated to grow at a strong rate in the forecast period. Some of the major factors fuelling the demand for ceramic tiles industry in the country are increasing construction activities, rising disposable income and increased population in the country.
Furthermore, the growing urbanization in the country will further lead to surging demands for utilities, and subsequently, to increased housing demands. This trend is estimated to be consistent over the forecast period and is expected to boost the ceramic tiles market growth.
The companies are using the latest production technology automation such as monoporosa or single-fire technology to enhances the product quality and improve the cost efficiency of the ceramic tiles. The ceramic tiles are distributed in the Philippines through exclusive and nonexclusive distributors. Distributors pass these products on to dealers (who sell to end-users) or retail the products themselves.
In the Philippines, ceramic tiles are seen as one of the most important, yet common forms of materials to be used in construction. China is the leading importer of ceramic tiles in the country. The country also imports ceramic tiles with Italian tiles accounting for 3% and Spanish tiles accounting for 9% of total ceramic tile imports to the Philippines. In terms of exports, Japan remains the key foreign market for ceramic tile exports from the Philippines followed by American Samoa, and U.S.
Growth of Construction Sector to Drive Demand for Ceramic Tiles
The growth of the Philippines ceramic tiles industry is hinged on the growth of the construction industry, which is a related industry of the property sector. The construction business in the country is currently witnessing positive growth with a rise in residential as well as commercial construction throughout the country. The construction activity witnessed a growth of nearly 10% in 2019 with residential buildings accounting for nearly 69.2% of the total number.
The increase in residential building is likely to boost the demand for ceramic tiles as ceramic tiles find application for floorings and walls during construction of buildings. Ceramic tiles are used widely in houses as they are durable, offer lower maintenance and are cost-effective. Ceramic tiles are mainly used in the living room, kitchen and bathroom walls, and other spaces. These products are commercially available in a wide range of colors, sizes, and textures, thus are gaining consumer attraction for high-end flooring applications.
Floor Tiles is the Dominant Category
When it comes to home interior design, one of the most important elements is ceramic floor tiles in the Philippines. Floor tiles help improve the aesthetic appeal of houses. Mosaic tiles are one of the most popular floor tile designs in the Philippines. Mosaics are known for being a mix of colors and patterns that help create one final design. Ease of replacement and installation are some major characteristics of ceramic tiles which makes them ideal for flooring.
The growing presence of designers and architects for the application of porcelain ceramic tiles for flooring in the non- residential segment is anticipated to fuel product demand. The growing development of residential infrastructures such as apartments and housing units and non-residential infrastructure in the country such as agricultural, institutional, industrial, commercial, are also witnessing an increase in demand for ceramic floor tiles in the country.
A complete background analysis of the Philippines ceramic tiles market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.