Vietnam Ceramic Tiles Market Research Report, 2029

Vietnam is ranked sixth among the nations that produce the most ceramic tiles worldwide. Ceramic manufacturers are being forced to enhance the quality of their products and production processes due to intense competition in both the home and export markets. Vietnam now enjoys a considerable competitive edge when exporting ceramic goods. Numerous enterprises have increased their use of innovative technologies in production to generate high-quality goods at competitive prices, hence increasing the value of Vietnamese ceramic products. In many nations, the main trend is to diversify products by fusing traditional Vietnamese or Asian traits with Western ones. The main markets for Vietnam's ceramic exports are Taiwan, Japan, Thailand, Cambodia, Malaysia, Indonesia, the US, and Australia. China accounts for the majority of Vietnam's imports of ceramic goods. Along with granite and porcelain tiles, ceramic tiles are highly common in Vietnam and have been utilized for a long time. One of the main factors propelling the ceramic tile market is rising building spending. Vendors are pushing the boundaries of digital printing technology to offer a greater variety of design aesthetics in ceramic tiles. Owing to their strength and resistance to cracking, ceramic tiles are frequently utilized in both residential and commercial structures. Ceramic tile protectors provide excellent stain and water resistance. Vietnam is among the top Asian nations in terms of tile production. The use of tile goods extends beyond domestic use to international trade. One of the major exporters of tiles worldwide is Vietnam. Viglacera Corporation, Lixil Vietnam Corporation, and Prime Group are some of the top companies in the ceramic tile market in Vietnam. The industry leader and state-owned Viglacera Corporation are well-known for its premium ceramic tiles. A Japanese conglomerate's subsidiary Lixil Vietnam Corporation provides creative ceramic tile solutions, and Prime Group specializes in chic and contemporary ceramic tile designs for the luxury market. According to the research report Vietnam Ceramic Tiles Market Research Report, 2029," published by Actual Market Research, the Vietnam Ceramic Tiles Market is expected to grow with more than 5% CAGR from 2024 to 2029. When it comes to ceramic tile consumption, Vietnam is among the nations with the quickest growth rates. Tiles used for home décor are typically found on the walls of living rooms, kitchens, bathrooms, and other areas with significant decorative elements. As a result, they have noticeable consumption characteristics. Apart from its functionalities, buyers also give attention to external elements like flavor, look, and brand. The shifting pattern in tile consumption will lead to a replacement of the product structure, which will speed up the development of the mid- and high-end market segments as well as the establishment of industry leaders. The competitive obstacles facing manufacturers in product development, terminal image, user services, and supply chain skills have significantly increased as a result of these new consumption habits. One of the main factors driving the ceramic tile market in Vietnam is the expansion of the real estate and construction industries. There is a growing middle class and rapid urbanization, which has boosted building activity, including both residential and commercial buildings. Innovative and decorative ceramic tiles are becoming more and more in demand as people look for modern and aesthetically pleasing environments. Furthermore, government initiatives to support urban development and affordable housing are driving up demand for ceramic tiles.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Based on by type the market can be categorized by Porcelain, Glazed, and Unglazed. In the Vietnamese ceramic tile market, the glazed ceramic tile segment is expanding rapidly. Glazed ceramic tiles improve the aesthetic attractiveness of any area with their extensive array of vivid colors, detailed patterns, and glossy finishes. Vietnamese consumers, who value fashionable and contemporary homes more and more, would find this appealing. Glazed tiles are impervious to stains, grime, and scratches because of the smooth and shielding surface that the glaze layer produces. They also require little work to keep them appearing flawless for the reason that they are simple to clean and maintain. This fits perfectly with Vietnam's fast-paced lifestyles and emphasis on pragmatism. Based on by application the market can be categorized by Floor Tile, Wall Tiles, others Tiles. In fact, the Vietnamese ceramic tile industry is seeing a considerable increase in the Floor Tiles segment. Vietnam's rapidly expanding construction sector, which is fueled by the country's growing urbanization, infrastructure development, and disposable incomes, generates enormous demand for building supplies, including floor tiles. Vietnamese homes have a strong tradition of remodeling and home improvement, and they are always looking for new, fashionable, and long-lasting flooring solutions. Based on By End Users the market can be categorized by Residential, Non Residential. There is no denying that the Vietnamese ceramic tile industry is seeing growth in the residential sector. Vietnam's fast urbanization is driving up demand for new home and apartment building. Ceramic tiles are in high demand as a result of homeowners in these new homes looking for stylish and practical flooring options. Vietnamese families may now invest more in home renovations and improvements because to rising disposable earnings. They can replace their outdated flooring with more fashionable and long-lasting options.

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Kripa Shah

Senior Analyst

Considered in this report: • Geography: Vietnam • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Vietnam Ceramic Tiles market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type: • Porcelain • Glazed • Unglazed

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By application: • Floor Tiles • Wall Tiles • Others Tiles By End Users: • Residential • Non Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Ceramic Tiles industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.