Are the players operating in the ceramic tiles industry facing any hurdles?

Ceramic tiles are pretty popular. They are used across the world. The ceramic tiles are not only perfect for the homes, but they are used extensively in the commercial places as well. Therefore, there is a high demand of the ceramic tiles. And, the demand of the tiles will keep increasing in the near future. There are many reasons that make ceramic tiles the perfect choice of the people. The prime reason being, they are made of ceramic, thus, they could be fitted practically in any type of room. The ceramic tiles are mostly used in several places, like high-traffic areas, like the kitchens. Also, you would find the tiles being used in the corridors as well as the living rooms. Therefore, the market of the tiles is pretty huge. However, is there something that’s bothering the Porcelain wall tiles manufacturers? In this article, we will talk about a few of the limitations faced by the players operating in the ceramic tiles market.

The tiles industry

With the increasing number of construction projects, the demand of the ceramic tiles have increased as well. The growth of the real estate boosts the tiles manufacturers as well. Therefore, we can say that the increasing number of real estate, construction and residential projects will eventually lead to the growth of the tiles industry as well. Also, as, the style and the décor of the commercial and public places is becoming more and more modern, therefore, the ceramic tiles are used more often than earlier. Additionally, the tiles are being used in the IT, healthcare as well as the education industry too.

It is believed that growing investment and expenditure in the construction space will steer the growth of the ceramic tiles industry. As per some of the reports, the ceramics tiles industry accounts for approximately 80% of the overall non-resilient flooring industry. Thus, the demand is quite high. Eventually, from 2018 to 2024, the international ceramic tiles industry might grow with a 7% CAGR.

Problems faced by the players in the ceramic tiles market

Increasing cost of production

A few of the issues or limitations faced by the ceramic tile companies include, the increasing cost of the production. As, the cost of production rises, it adversely effects the profit margin of the tile companies. The cost of other items used in the construction of the place are increasing, therefore, the profit that the tile manufacturers could actually generate is lesser than usual. Having said that, if the budgets of the construction projects also increase, the profit margins of the tile manufactures might increase too.

Competitors in the market

One of the major challenges faced by the ceramic tiles manufacturers is the emergence of competition. With more and more manufacturing and popularity of the vitrified and porcelain tiles, the ceramic tile industry is surely affected. As, the new type of tiles are creating a buzz in the market. Therefore, people want to go for the latest type of tiles. The new entrants in the industry are known to be the future of the industry. Therefore, the popularity of the tiles increases with time. In fact, many ceramic tile manufacturers have started investing other type of tiles as well, thinking that those would be the tiles of the future.

With the new architectural designs coming up, the ceramic tile manufacturers have to come up with the latest designs that match the modern architecture. The décor is evolving quite massively, thus, there is no doubt about the fact that people would want to buy tiles that are meant for their modern decors. The tiles should match the latest contemporary themes, therefore, the ceramic tile companies have to ensure that they keep making latest designed tiles.

The impact of COVID-19?

Apart from a wide range of other limitations or obstacles, this pandemic is certain to affect the tile manufacturing units as well. COVID-19 has severally impacting the whole world. Almost all the businesses in the world are affected by the pandemic. And, so is the ceramic tile manufacturing industry. The construction business is facing severe challenges which has led to slow down of all the divisions of the business. The market is super badly affected. Even when the things will get back on the track, the construction business or specifically, the tiles business would take some time to regain the lost strength. The tile manufacturing units will have to stay strong and prepare strategies to bounce back after the situation settles down.

Although, ceramic tiles are quite popular and they are used globally. Still, there are some restrictions faced by the tile manufacturers. Although, the best of all the tile manufacturers overpower the challenges to come out winning. Everything depends on the kind of strategy they make and the quality of the products that they offer. Also, the costs of the ceramic tiles have to smart and decent.