Market Trends of China Ceramic Tiles Industry
Rise in Production of Ceramic Tiles in China is Driving the Market
China is the most populous ceramic tile-producing country on the planet. Ceramic producers are being forced to improve their production process and product quality as a result of fierce competition in both the domestic and export markets. China has developed a significant competitive advantage in the export of ceramic products. Many businesses have enhanced the use of new technologies in production to create high-quality products at reasonable prices in order to increase the value of Chinese ceramic products.
Rise in Construction Sector is Driving the Market
With 20% of all global construction investments, China is the largest construction market in the world. And it will keep going up: China is expected to spend close to USD 13 trillion on building by 2030. The value of China's construction output peaked in 2021 at about CNY 29.31 trillion (USD 0.4 trillion). In China, residential development is predicted to continue to rise as a result of demographic trends.
In the coming years, demand for residential construction in the country is likely to be driven by two factors: rising household incomes and the migration of people from rural to urban areas. The residential construction sector would grow if both the public and private sectors paid more attention to building affordable housing.
Non-residential infrastructure is also expected to grow significantly in the coming years. The aging population in China is driving up the demand for new healthcare facilities and hospitals.
Rising wages are also expected to boost Chinese consumer spending. This will increase demand for a variety of services, such as education and entertainment, as well as for new construction in the country.
Because ceramic tiles are so cheap, the building business is growing quickly in the market. Ceramic tiles are often used in homes and businesses because they don't break easily and last a long time. Business operations, construction projects, and real estate investment all have an impact on ceramic tile demand. In the short to medium term, the growing demand for homes in China will spur new developments and building work, which will help the market grow as a whole.
