South Korea Ceramic Tiles Market Size, Share, and COVID-19 Impact Analysis, By Product (Glazed, Porcelain, Others), By Application (Wall Tiles, Floor Tiles, and Others), By End-Use (Residential, Commercial, Others), and South Korea Ceramic Tiles Market Insights Forecasts 2023 – 2033

Industry: Advanced Materials

RELEASE DATE Dec 2023
REPORT ID SI3351
PAGES 200
REPORT FORMAT PathSoft

South Korea Ceramic Tiles Market Insights Forecasts to 2033      

  • The Market Size is Growing at a CAGR of 2.87% from 2023 to 2033.
  • The South Korea Ceramic Tiles Market Size is Expected to Hold a Significant Share by 2033.

South Korea Ceramic Tiles Market

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The South Korea Ceramic Tiles Market Size is Expected to Hold a Significant Share by 2033, at a CAGR of 2.87% during the forecast period 2023 to 2033.

 

Market Overview

Ceramic tiles are superior to regular tiles because they are aesthetically pleasing, solid, and long-lasting. These are some of the critical factors that have led to the widespread use of ceramic tiles on construction sites around the world. On both residential and commercial construction sites, ceramic tiles are used. The ceramic tiles' protective coating is still intact, and they are glazed for a nicer appearance. This protective coating also provides stain resistance, water resistance, and ease of cleaning to these tiles. Ceramic tiles can be used on both walls and floors. These tiles are simple to install and maintain, making them suitable for use in rooms, offices, bathrooms, and balconies. Ceramic tiles are commonly used for flooring because of their stain and water resistance, low maintenance, ease of cleaning, and durability. Because of their durability, these tiles are also used on outdoor roofs and walls, as well as on interior walls for their appearance. They are also used as countertops because they are more durable and less expensive than marble or granite. Ceramic tiles are regarded favorably because they are strong, long-lasting, environmentally friendly, and eco-friendly. Due to its eco-friendliness, it is becoming increasingly popular for wall and floor applications. Ceramic tiles come in a variety of textures, colors, sizes, and thicknesses. These factors are propelling the ceramic tile market forward.

 

Report Coverage

This research report categorizes the market for the South Korea ceramic tiles market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea ceramic tiles market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea ceramic tiles market.

 

South Korea Ceramic Tiles Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:2.87%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Product, By Application, By End-Use
Companies Covered:IS DONGSEO Co., LTD., Sungil Ceramics, Korea Fine Ceramic Co., LTD., KCC Corporation, Hanyoung Ceramic Co., LTD., Woongjin Ceramics Co., LTD., Kukdong Ceramics Co., Ltd., Daebo Ceramics Co., Ltd., Gai International Co., Ltd., Sam Won Corporation, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

Significant growth in the construction industry is a major factor driving the South Korean market. The increased emphasis on urban development and infrastructure improvement has increased demand for ceramic tiles for both aesthetic and functional reasons. Furthermore, rising consumer awareness of the sustainability and environmental benefits of using ceramic materials has increased market demand. In line with this, South Korea's growing middle class has increased disposable income, resulting in a greater emphasis on interior decoration and home improvements, propelling the ceramic tiles market. Furthermore, the market is being driven by the growing trend of using ceramic tiles to create a luxurious and modern aesthetic in commercial spaces such as offices, malls, and hotels. To meet rising demand, major manufacturers are creating ceramic tiles with intricate designs, textures, and color schemes, broadening their application scope.

 

Restraining Factors

Many issues, such as labor shortages, very low incomes, and rising commodity prices, are stifling the growth of this market, effectively halting transportation. In South Korea, the prices of raw materials used to make ceramic tiles, such as quartz sand, kaolin, feldspar, and bentonite, fluctuate regularly. Large fluctuations in raw material prices will limit the ceramic tiles market's growth because they will affect the cost of the final product and destabilize the entire supply network, making it more difficult for companies to survive in a competitive environment.

 

Market Segment

  • In 2023, the porcelain segment accounted for the largest revenue share over the forecast period.

Based on the product, the South Korea ceramic tiles market is segmented into glazed, porcelain, and others. Among these, the porcelain segment has the largest revenue share over the forecast period. Porcelain tiles are made of finer, denser clay and fired at extremely high temperatures, giving them greater endurance when subjected to heavy foot traffic. Furthermore, impermeable porcelain tiles are mold and germ-resistant, extending their longevity as a floor covering. Furthermore, the product's chemical and stain resistance is expected to increase demand for the aforementioned tiles due to their increasing use in retail malls, hotels, and other institutional buildings.

 

  • The floor tiles segment is witnessing significant CAGR growth over the forecast period.

Based on application, the South Korea ceramic tiles market is segmented into wall tiles, floor tiles, and others. Among these, the floor tiles segment is witnessing significant CAGR growth over the forecast period. Growing demand from commercial projects such as hotels and shopping malls is expected to drive product demand, as these tiles offer superior aesthetics as well as cost-effectiveness. It is expected that the growing influence of designers and architects in the commercial application of porcelain tiles and flooring will increase product demand. The ease of maintenance, elegant designs, and stain- and water-resistance of these products are expected to boost their demand in commercial flooring applications over the forecast period. Wall tiles have grown at a faster rate as the demand for visually appealing wall surfaces has increased.

 

 

  • In 2023, the commercial segment accounted for a significant revenue share over the forecast period.

Based on the end-use, the South Korea ceramic tiles market is segmented into residential, commercial, and others. Among these, the commercial segment has a significant revenue share over the forecast period. The growing demand for energy-efficient government buildings and office spaces is expected to drive ceramic tile demand in this segment. However, due to price volatility and multinational companies' adoption of cost-cutting practices, the commercial segment is expected to grow at a moderate pace. The residential segment, on the other hand, is expected to have a smaller market share but grow at a faster rate during the forecast period.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea ceramic tiles market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • IS DONGSEO Co., LTD.
  • Sungil Ceramics
  • Korea Fine Ceramic Co., LTD.
  • KCC Corporation
  • Hanyoung Ceramic Co., LTD.
  • Woongjin Ceramics Co., LTD.
  • Kukdong Ceramics Co., Ltd.
  • Daebo Ceramics Co., Ltd.
  • Gai International Co., Ltd.
  • Sam Won Corporation
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • IN October 2022, Sujeong Ceramics, based in South Korea, began offering free estimation services for products such as tiles, toilet bowls, sinks, faucets, and others.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea Ceramic Tiles Market based on the below-mentioned segments:

 

South Korea Ceramic Tiles Market, By Product

  • Glazed
  • Porcelain
  • Others

 

South Korea Ceramic Tiles Market, By Application

  • Wall Tiles
  • Floor Tiles
  • Others

 

South Korea Ceramic Tiles Market, By End-Use

  • Residential
  • Commercial
  • Others

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