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According to the latest report by MarkNtel Advisors, titled “Southeast Asia Ceramic Tiles Market By Type (Glazed, Unglazed, Others (Semi-Glazed and Scratch-Free Tiles)), By Application Area (Floor Tiles, Wall Tiles, Others (Ceilings &Decoration)), By Distribution Channel (Direct Sales, Dealers and Distributors), By Demand Type (New Construction, Renovation and Replacement), By End User (Residential, Commercial & Retail, Hospitality, Government & Transportation, Others (Industrial, etc.)), and Others, The Southeast Asia Ceramic Tiles industry 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-30): 7.58%
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Growing Inclination of Multinational Companies Towards Southeast Asia: Multinational companies from various sectors such as consumer goods, automobile, e-commerce, etc., are increasingly showing a growing inclination towards Southeast Asia. This is due to the region's effort to integrate their economies and attract foreign investment through ASEAN. With a fast-rising population and a global shift toward supply chain diversity, Southeast Asian countries offer an untapped consumer market in the coming years, becoming a significant portion of global consuming households. According to the World Economic Forum, nearly 76 million Indonesians will join the consumer class by 2030. Consequently, these factors are fostering the MNC’s shift towards Southeast Asian countries such as Vietnam, Singapore, Thailand, Malaysia, etc. Thus, with the increasing investment in the region, there could be a substantial rise in infrastructure development, including residential and commercial projects. These projects could often require ceramic tiles for flooring and wall coverings, leading to market growth in the coming years.
Additionally, the region's proximity to China is attracting multinationals looking to diversify their supply chains and benefit from low-cost labor, especially amidst growing tensions between China and the USA.
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-By Type
Glazed ceramic tiles are a popular choice in the construction and interior design industries due to their aesthetic appeal, durability, and versatility.
-By Demand Type
Renovation and replacement would account for the major share of the Southeast Asia Ceramic Tiles Market in the forecast period.
-By Application Area
-By Distribution Channel
-By End User
-By Country
Indonesia is likely to hold a major share of the market during the forecast period owing to infrastructure development, the expansion of the real estate sector, and increased public and private investments.
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Southeast Asia Ceramic Tiles Market Share Southeast Asia Ceramic Tiles Market Trends Southeast Asia Ceramic Tiles Market Growth
