According to a recent market study published by Growth Market Reports, titled, “Global Porcelain Slabs Market by type, by tire size, by applications, by distribution channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 37,783.3 Million in 2022 and is anticipated to grow at a growth rate 3.3% by the year 2031.

A porcelain slab is an innovative and highly engineered material that is designed to mimic the look of natural stone and marble. Porcelain slabs are made by mixing raw materials such as clay, feldspar, and quartz in correct proportions with water to create a slurry. This slurry is shaped into a desired size and thickness and then dried in a thermally insulated chamber at high temperatures. After which, it is given a finishing with desired texture & appearance. Once produced, porcelain slabs can be cut and shaped for various applications such as countertops, flooring, and outdoor paving. Porcelain slabs come in a variety of sizes and thicknesses. They are available in a wide range of colors, patterns, and finishes including glazed, matte, polished and textured surfaces. Porcelain slabs have become increasingly popular in recent years due to their durability, low maintenance requirements, and improved aesthetic appeal. They are often used in kitchens and bathrooms and commercial settings such as restaurants and hotels. Porcelain slabs are commonly used for flooring in residential & commercial settings due to their high resistance to moisture, staining, and wear. Porcelain slabs are installed using various techniques, depending on their applications.

Get Sample Report @ https://growthmarketreports.com/request-sample/5842

Urbanization refers to the process of increasing the proportion of a population that lives in urban areas, such as cities and towns. There is a high demand for infrastructure, including buildings and other structures, as increasing number of people move into cities and urban areas. This drives the demand for building materials such as porcelain slabs. Increasing number of people migrate towards urban areas, where there are additional job opportunities, high wages, and easy access to services such as healthcare and education. There is a shift towards more urban-based industries such as finance, technology, and manufacturing than others, as economies continue to develop and drive the need for additional urban infrastructure. Changing lifestyle preferences are also driving the urbanization. Young generations, in particular, often prefer to live in urban areas where there is easy access to culture, entertainment, and social activities. Overall, the trend toward urbanization is expected to continue to drive demand for porcelain slabs.

Porcelain slabs face competition from a range of alternative materials, including natural stone, engineered stone, and ceramic tiles. These materials offer similar aesthetic qualities at a low cost, which limits the growth of the porcelain slab market. Here are some more details about these competing materials. Natural Stone: Natural stone, such as granite, marble, and travertine, is a popular choice for flooring and wall cladding in high-end residential and commercial projects. Natural stone is available in a range of colors and patterns as well as offers unique characteristics that cannot be replicated by porcelain slabs. Additionally, natural stone is often less expensive than porcelain slabs and offers a more natural and authentic look than porcelain. However, natural stone is less durable than porcelain slabs and is susceptible to damage & staining.

Porcelain slabs have traditionally been smooth and polished; however, manufacturers differentiate their products by offering new textures and finishes. This includes options such as matte, honed, or textured surfaces that provide a natural or rustic look. Manufacturers offer customization options for porcelain slabs with advancements in technology. This includes the ability to customize the size, shape, color, and pattern of the slabs to meet the specific needs of customers. Manufacturers develop digital tools that simplify the design and installation process for porcelain slabs. This includes online design tools that allow customers to visualize how different slabs look in their space or augmented reality tools that allow customers to see how the slabs would look in real time. Manufacturers explore opportunities to integrate porcelain slabs with other materials such as wood, metal, or stone. This could result in unique and innovative products that offer the fine qualities of both materials. Expansion into new markets can result in increased revenue and profits for manufacturers. This can help fund further investment in R&D, and product innovation.

Key Takeaways from the Study:

  • Key players operating in the market are Abk Group Industrie Ceramiche SpA, All Natural Stone, Ceramiche Atlas Concorde Spa, Crossville Inc., Efesus Stone, Emilceramica Srl, Florim Ceramiche S.p.A. SB, Italgraniti Group Spa, Laminex, Lioli Ceramica, MOHAWK INDUSTRIES, INC, Monalisa Group Co., Ltd, RAK CERAMICS, SCG Ceramics, Stonepeak Ceramics Inc. These companies are considered as key manufacturers of Powered Wheelchairs Tires based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.

  • Based on type, the global porcelain slab market is segmented into glazed, unglazed, and others. The glazed segment is expected to grow during the forecast period. Glazed porcelain slabs are available in a wide variety of colors, patterns, and finishes that offer designers and homeowners an extensive range of options to choose from. The glaze layer adds depth and shine to the tile's surface and makes it more aesthetically appealing than unglazed tiles. The unglazed segment is projected to expand in the coming years. The natural texture of unglazed porcelain slabs provides slip resistance, which makes them an ideal material for areas where slip and fall accidents are a concern, such as bathrooms and pool decks. Unglazed porcelain slabs are easy to clean and require minimal maintenance, making them an attractive option for homeowners and designers looking for a low-maintenance material.

  • Based on product appearance, the global porcelain slab market is segmented into marble, stone, wood, and others. The marble appearance segment is anticipated to grow at a substantial rate during the forecast period. Marble appearance porcelain slabs offer the beauty and elegance of natural marble without the high cost and maintenance requirements. These slabs can mimic the unique veining and patterns found in natural marble, providing a high-end look for a fraction of the cost. Stone appearance the stone segment is expected to register a significant growth rate during the forecast period. Porcelain slabs are produced to mimic the appearance of natural stone and offer the same beauty & elegance as the real stone; however, without the high cost and maintenance requirements. These slabs are able to replicate the unique patterns and textures found in natural stone and provide a high-end look for a fraction of the cost.

  • Based on size, the global porcelain slab market is segmented into small (up to 7,200 cm sq), medium (7,200 to 28,800 cm sq), and large (more than 28,800 cm sq). The large size (more than 28,800 cm sq) segment is expected to grow during the forecast period, owing to the increasing demand for large format porcelain slabs in both residential and commercial construction projects. Additionally, the trend towards large living spaces and the need for space-efficient designs is expected to increase the demand for large-format porcelain slabs for flooring and wall cladding applications. The small-size (up to 7,200 cm sq) segment is projected to expand in the coming years, due to growing demand for versatile and customizable porcelain slabs in both residential and commercial construction projects.

  • Based on thickness, the global porcelain slab market is segmented into 3 to 6 mm, 6 to 9 mm, 9 to 12 mm, and more than 12 mm. The 6 to 9 mm segment is expected to grow owing to the increasing demand for use in flooring and wall applications, in both residential and commercial settings. Additionally, the trend towards large living spaces and the need for space-efficient designs is expected to increase the demand for large-format porcelain slabs for flooring and wall cladding applications. The demand for thicker porcelain slabs in the 9mm to 12mm range is influenced by market trends and preferences. Designers and architects often prefer thicker slabs for their ability to create a premium and substantial look. Additionally, there is an increasing trend towards larger-format tiles and panels, and thicker slabs are better able to maintain their structural integrity in larger sizes. These factors are driving the 9 to 12 mm segment’s growth.

  • Based on application, the global porcelain slab market is segmented into floor, wall, countertop, and others. The flooring segment is anticipated to expand during the forecast period, due to porcelain slabs that offer excellent durability, scratch resistance, and water resistance, making them an ideal material for high-traffic areas such as flooring. The demand for porcelain slabs for flooring applications is expected to increase, as a growing number of homeowners and commercial building owners prioritize durability and low-maintenance options. The countertop segment is projected to expand in the coming years, owing to porcelain slabs that are highly durable and withstand heavy use that makes them an ideal material for use in countertops. They are resistant to scratches, stains, and heat, which is particularly important for high-use areas, such as kitchen countertops. This factor is particularly important for homeowners and designers looking for a unique and aesthetically pleasing countertop.

  • Based on end-use, the global porcelain slabs market is segmented into residential and commercial. The commercial segment is expected to experience significant growth in the global market during the forecast period, due to the growing demand for high-quality and durable building materials in the commercial construction industry. Additionally, advancements in manufacturing technology have enabled porcelain slabs to be produced in large sizes and less thicknesses, making them versatile and easy to install in various commercial applications. The residential segment is growing, as homeowners and homebuyers are increasingly becoming discerning about the quality and aesthetics of their living spaces. The demand for residential building materials that can provide both durability and design flexibility is expected to rise in the coming years.

  • Based on the distribution channel, the global porcelain slab market is segmented by Direct Sales (Manufacturers), Distributors, and Retailers. The retailer segment is projected to expand due to the growing interest in home improvement and renovation projects contributes to the growth of the retailer segment. The demand for high-quality porcelain slabs increases as more homeowners and property owners seek to upgrade their living spaces.  Direct sales segment is growing owing to it is providing manufacturers with the opportunity to deliver a seamless and personalized customer experience. By eliminating intermediaries, manufacturers can directly address customer inquiries, provide product information, and offer customized solutions. The ability to provide a high level of customer service and support contributes to customer satisfaction and encourages repeat business.

  • On the basis of region, the global powered wheelchairs tires Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In North America, the market in North America is projected to expand at a CAGR of XX% between 2022 and 2031 with a growing interest in sustainability. North America region is witnessing increasing prevalence of chronic diseases, such as diabetes, cardiovascular disorders and arthritis, leading to higher incidence of mobility impairments. These factors have resulted in increased demand for mobility solution, hence propelling the market. In Europe, the market in Europe is anticipated to expand at a CAGR of 8.2% between 2023 and 2031. The market growth is attributed to increased demand for mobility from aging population and technological advancements in mobility aids such as power wheelchairs.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 37,783.3 Million

Market Growth Rate (from 2016 to 2031)

3.3%

Historical Data

2016 to 2021

Base Year

2022

Forecast Period

2023 - 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By Product Appearance, By Size, By Thickness, By Application, By End-Use, By Distribution Channel, and By Region.

Key Companies Profiled

Abk Group Industrie Ceramiche SpA, All Natural Stone, Ceramiche Atlas Concorde Spa, Crossville Inc., Efesus Stone, Emilceramica Srl, Florim Ceramiche S.p.A. SB, Italgraniti Group Spa, Laminex, Lioli Ceramica, MOHAWK INDUSTRIES, INC, Monalisa Group Co., Ltd, RAK CERAMICS, SCG Ceramics, Stonepeak Ceramics Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Clay, Feldspar, Quartz, Talc, Colorants.

  • Demand Side: Residential, Commercial.