Eco-friendly Tiles Market Overview:
Eco-friendly Tiles Market was valued at $17,160 million in 2016, and is projected to reach at $37,753 million by 2023, growing at a CAGR of 11.9% from 2017 to 2023. Tile industry witnesses an increase in the use of recyclable materials for the manufacture of eco-friendly tiles.
These tiles have been a part of green or sustainable chemistry in last decade owing to stringent environmental regulations, growth in popularity of green building standards, and rise in consumer awareness for sustainable products. Eco-friendly tiles have been widely used across the world due to its better durability and low maintenance as compared to traditional tiles.
Environmental issues being one of the hot topic around the world, eco-friendly tiles help to reduce impact on environment as there is less energy consumed in the manufacturing of the eco-friendly tiles. Moreover, use of solar power and wind power in manufacturing process of eco-friendly tiles has further minimized the adverse effect on the environment.
Environmental awareness and stringent environmental regulations imposed by government bodies drive the eco-friendly tiles market. Moreover, growth in number of end-user industries due the durability and low maintenance of the eco-friendly tiles fuels the market. However, the high cost of eco-friendly tiles restrains the market growth. Use of renewable source of energy in powering the equipment that is used in the production of eco-friendly tiles has led to large production of tiles with minimal damage to the nature. This large production increases the opportunity for future market growth.
Segment Review
The market is segmented on the basis of type, product type, end user, and geography. By type, the market is categorized into porcelain, ceramic, terrazzo, glass, and travertine. By product type, the market is divided into floor tiles, wall tiles, vitrified tiles, and industrial tiles. Based on end user, it is bifurcated into residential tiles and non-residential tiles (commercial & office, institutional, industrial, hospitality, and others). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pocket, by Application
Eco-Friendly Tiles Market, by Geography
Asia-Pacific dominated the global eco-friendly market occupying nearly one-third share in 2016, registering a CAGR of around 12.4% during the forecast period. Europe has witnessed the CAGR of 11.8% and the second highest share in the global market, owing to growth in infrastructural activities and economy.
Japan Eco-friendly Tiles Market, 2016-2023 ($Million)
The key players operating in the eco-friendly industry are Ann sacks Tile & Stone Inc., Arizona Tile, Bedrosians Tile & Stone, Marazzi Group S.r.l, Villagio Tile & Stone, Dal-Tile Corporation, Wausau Tile, Inc., Terra Green Ceramics Inc, Enviroglas, and Crossville Inc.
Other players in the value chain include Ceramiche Refin S.P.A., Johnson Tiles, Centura, Division Iris Ceramica, Florim Ceramiche S.P.A, EMILCERAMICA Srl, Vitromex, Florida tile, Del Conca USA, and Nemo Tile Company Inc.
Key Benefits
- This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global eco-friendly tiles market from 2017 to 2023.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- Detailed analysis of the industry based on the type and application explains the trending product type and potential applications.
- Porters Five Forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top players within the market framework.
Eco-friendly Tiles Market Key Segments:
By Type
- Porcelain
- Ceramic
- Terrazzo
- Glass
- Travertine
By Product
- Floor Tiles
- Wall Tiles
- Vitrified Tiles
- Industrial Tiles
By End-User
- Residential Tiles
- Non-Residential Tiles
- Commercial & Office
- Institutional
- Industrial
- Hospitality
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Turkey
- Saudi Arabia
- Rest of LAMEA
Eco-Friendly Tiles Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By PRODUCT |
|
 By END USER |
|
 By GEOGRAPHY |
|
 Key Market Players | ANN SACKS TILE & STONE INC., TERRA GREEN CERAMICS INC, ARIZONA TILE, ENVIROGLAS, DAL-TILE CORPORATION, MARAZZI GROUP S.R.L, CROSSVILLE INC., BEDROSIANS TILE & STONE, VILLAGIO TILE & STONE, WAUSAU TILE, INC |
Analyst Review
Environmental concerns and increase in focus on sustainable infrastructure drives the development of eco-friendly building constructions in both residential and non-residential sectors. The penetration of eco-friendly tiles in the residential sector is lower as compared to the non-residential due to low awareness about the benefits and high cost of eco-friendly tiles. Emission reduction potential of eco-friendly tiles and decrease in operating costs are the major factors that drive the eco-friendly tiles market across the globe. Eco-friendly tiles are gaining fast popularity in the market as it offer cost savings and improved durability as compared to traditional tiles.
Acceptance of energy efficient products is greater in residential buildings sector due to existence of split incentive barrier in non-residential buildings sector. Increase in partnerships between state government and tiles manufacturers to produce eco-friendly tiles will result in increased demand for eco-friendly tiles in the residential sector. Environment regulations helped eco-friendly tiles market to flourish in emerging economies, such as India and China, especially in the commercial sector.
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