South Korea Ceramic Tiles Market Size
| 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.webp)
*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 Market Trends
Commercial Sector is Driving the Market
Ceramic tiles are widely used in the residential and commercial sectors. They add a decorative touch to commercial structures such as offices, shopping malls, and airports. Customers' preferences can be reflected in the design, color, shape, and size of these tiles. Rising urban population density, combined with increased investment in commercial projects, has increased demand for ceramic tiles. Because of the increased modernization and urbanization in these areas, the commercial population expects a more modern touch to ceramic tiles, which can be achieved through spray drying, frying, and other methods. The development of new products and simple installation techniques has significantly fueled the commercial flooring ceramic tile market. Over the forecast period, the market is expected to be driven by rising demand for highly durable and cost-effective ceramic flooring for use in high-traffic commercial sectors.
Replacement and Renovation Segment is Driving the Market
Ceramic tiles are an excellent substitute for a variety of flooring materials, including concrete, marble, carpet, wood, rugs, and so on. In the residential replacement sector, rising spending on renovation activities to improve the appearance of walls and floors is expected to drive demand for ceramic tile applications. Because of their ease of cleaning and aesthetic appeal, ceramic tiles are widely used in kitchens.
South Korea Ceramic Tiles Industry Overview
The South Korean ceramic tiles market is moderately fragmented in nature. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Players including IS DONGSEO CO. LTD, KCC Corporation, Sungil Ceramics, KFCC Ceramica, and Hanyoung Ceramic CO. LTD, among others have been profiled in the report.
South Korea Ceramic Tiles Market Leaders
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IS DONGSEO CO. LTD
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KCC Corporation
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Sungil Ceramics
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KFCC Ceramica
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Hanyoung Ceramic CO. LTD
*Disclaimer: Major Players sorted in no particular order
South Korea Ceramic Tiles Market News
- August 2023: IS Dongseo acquired BTS Technology at the BTS Technology factory in Poland. BTS Technology is a recycling specialist in the environmental business field with 4 corporations in Slovakia, Poland and Hungary.
- October 2022: The South Korea-based Sujeong Ceramics, started to provide free estimation services for products such as tiles, toilet bowls, sinks, faucets, and others.
South Korea Ceramic Tiles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Latest Technologies Used in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Glazed
5.1.2 Porcelain
5.1.3 Scratch Free
5.1.4 Other Products
5.2 By Application
5.2.1 Floor Tiles
5.2.2 Wall Tiles
5.2.3 Other Applications
5.3 By Construction Type
5.3.1 New Construction
5.3.2 Replacement & Renovation
5.4 By End-User Type
5.4.1 Residential Replacement
5.4.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 IS DONGSEO Co., LTD.
6.2.2 Sungil Ceramics
6.2.3 Korea Fine Ceramic Co., LTD.
6.2.4 KCC Corporation
6.2.5 Hanyoung Ceramic Co., LTD.
6.2.6 Woongjin Ceramics Co.,LTD.
6.2.7 Kukdong Ceramics Co., Ltd.
6.2.8 Daebo Ceramics Co., Ltd.
6.2.9 Gai International Co., Ltd.
6.2.10 Sam Won Corporation*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 |
South Korea Ceramic Tiles Market Research FAQs
What is the current South Korea Ceramic Tiles Market size?
The South Korea Ceramic Tiles Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in South Korea Ceramic Tiles Market?
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.
What years does this South Korea Ceramic Tiles Market cover?
The report covers the South Korea Ceramic Tiles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Ceramic Tiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Korea Ceramic Tiles Industry Report
Statistics for the 2024 South Korea Ceramic Tiles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Ceramic Tiles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
