South Korea Ceramic Tiles Market Size (2024 - 2029)

The South Korea Ceramic Tiles Market is anticipated to experience growth over the forecast period, driven by various factors influencing the construction industry. The market size is expected to expand as the country recovers from the disruptions caused by the COVID-19 pandemic, which had a notable impact on production and demand. South Korea is projected to be a significant revenue contributor in the Asia-Pacific region, with increasing use of ceramic tiles in building constructions. The shift towards ceramic tiles for flooring and decor, along with government infrastructure initiatives, rising income levels, and foreign investments, are expected to further stimulate the market's growth.

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Market Size of South Korea Ceramic Tiles Industry

South Korea Ceramic Tiles Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 3.00 %
Market Concentration Medium

Major Players

South Korea Ceramic Tiles Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Korea Ceramic Tiles Market Analysis

The South Korea Ceramic Tiles Market is expected to register a CAGR of greater than 3% during the forecast period(2024-2029).

The COVID-19 pandemic had a significant effect on the construction sector, which is sensitive to economic cycles. This had a direct effect on the disruption in the demand for ceramic tiles. COVID-19 slowed the production of these ceramic tiles due to a lack of labor and a country-wide lockdown. This depleted the demand for ceramic tiles in South Korea.

South Korea is predicted to be the key revenue pocket of the Asia-Pacific region over the coming years. Ceramic tile is commonly used in the construction of various buildings, such as housings, offices, and schools. Rising preference for marble floors along with the replacement of metal slabs, paints, and home decor items with ceramic tiles is expected to boost the growth of the market. Government initiatives to propel infrastructure growth, rising per capita income, foreign investment, and increasing population are a few of the factors predicted to benefit the construction industry, consequently stimulating the ceramic tiles market size.

South Korea Ceramic Tiles Industry Segmentation

Ceramic Tiles are made up of sand, natural products, and clays and once it is moulded into a shape, they are fired into a kiln. Ceramic tiles are durable, resistant to water, moisture, and fire, and cheap as compared to other flooring products. A complete background analysis of the South Korean ceramic tiles market, which includes an assessment of the parental market, emerging trends in the segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report. The report also offers qualitative and quantitative assessments by analyzing data gathered from industry analysts and market participants across various key points in the value chain.

The South Korean Ceramic Tiles Market Is Segmented By Product (Glazed, Porcelain, Scratch-Free, And Other Products), Application (Floor Tiles, Wall Tiles, And Other Applications), Construction Type (New Construction, Replacement, And Renovation), And End User (Residential, Commercial). The Market Size And Forecasts Are Provided In Terms Of Value (USD) For All The Above Segments.

By Product Type
Glazed
Porcelain
Scratch Free
Other Products
By Application
Floor Tiles
Wall Tiles
Other Applications
By Construction Type
New Construction
Replacement & Renovation
By End-User Type
Residential Replacement
Commercial
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South Korea Ceramic Tiles Market Size Summary

The South Korea ceramic tiles market is poised for growth, driven by increasing demand in both residential and commercial sectors. The market is expected to experience a steady expansion over the forecast period, supported by government initiatives aimed at infrastructure development and rising urbanization. The shift in consumer preferences towards marble floors and the replacement of traditional materials with ceramic tiles are anticipated to further propel market growth. The construction of various buildings, including housing, offices, and schools, continues to be a significant driver, with ceramic tiles being a popular choice due to their aesthetic appeal and durability. The market's recovery from the disruptions caused by the COVID-19 pandemic is also contributing to its positive outlook, as production and demand stabilize.

In the commercial sector, the demand for ceramic tiles is bolstered by increased investment in modernizing spaces such as offices, shopping malls, and airports. The tiles' versatility as a substitute for other flooring materials and their ease of maintenance make them a preferred choice for high-traffic areas. The market is characterized by moderate fragmentation, with major players holding significant market shares while smaller companies expand their presence through technological advancements and product innovations. Key players like IS DONGSEO CO. LTD, KCC Corporation, and others are actively engaging in strategic moves, such as acquisitions and service expansions, to strengthen their market positions. The ongoing trend of renovation activities in residential spaces further supports the demand for ceramic tiles, highlighting their role as a cost-effective and durable flooring solution.

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South Korea Ceramic Tiles Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights into Latest Technologies Used in the Industry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Glazed

      2. 2.1.2 Porcelain

      3. 2.1.3 Scratch Free

      4. 2.1.4 Other Products

    2. 2.2 By Application

      1. 2.2.1 Floor Tiles

      2. 2.2.2 Wall Tiles

      3. 2.2.3 Other Applications

    3. 2.3 By Construction Type

      1. 2.3.1 New Construction

      2. 2.3.2 Replacement & Renovation

    4. 2.4 By End-User Type

      1. 2.4.1 Residential Replacement

      2. 2.4.2 Commercial

South Korea Ceramic Tiles Market Size FAQs

The South Korea Ceramic Tiles Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

IS DONGSEO CO. LTD, KCC Corporation, Sungil Ceramics, KFCC Ceramica and Hanyoung Ceramic CO. LTD are the major companies operating in the South Korea Ceramic Tiles Market.

South Korea Ceramic Tiles Market Report Snapshots

South Korea Ceramic Tiles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)