Iran Ceramic Tiles Companies (2024 - 2029)

Iran Ceramic Tiles Market Companies Summary

The COVID-19 pandemic had a significant impact on the ceramic tiles market in Iran, particularly affecting the construction sector. This resulted in a decrease in the usage of ceramic tiles in construction, negatively influencing both the demand and production of ceramic tiles. Furthermore, the pandemic led to an increase in inventory for many businesses, causing unhealthy competition in both domestic and export sectors. Some firms responded to this by lowering their prices, which unfortunately also resulted in a decrease in product quality and deviation from industry standards. Most businesses in the ceramic tiles market are operating at lower efficiency due to the recession, resulting in decreased consumption of ceramic tiles. However, the market is expected to recover with the predicted growth in Iran's construction sector, driven by government investments in various sectors including energy, oil and gas, petrochemicals, infrastructure, and industry. This growth will be supported by government expenditure under the 2023 budget. The ceramic tiles market will benefit from this, with increased production and improved infrastructure. The industry is moderately fragmented, with balanced growth to meet domestic requirements and potential exports. Technology has also played a role in enhancing mass production of raw materials, increasing overall production capacity.