Glass Tiles Market is to Touch $89.5 Billion by 2030; energy-efficient building practices and the rising demand for sustainable construction materials propel market growth.

The Glass Tiles Market size is estimated to reach $89.5 billion by 2030, growing at a CAGR of 6.4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Glass Tiles Market – By Type (Smalti Glass Tile, Fused Glass Tile, Sintered Glass Tile, Cast Glass Tile, Slumped Glass Tile, Etched Glass Tile, Others), By Application (Residential(Row Homes, Independent House, Large Apartments), Non Residential (Office Building, Retail Store, Hospitals, Schools, Restaurants, Airports, Super Market, Hyper Market, Others), Industrial and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Innovative tile designs and increasing residential renovations are fueling the growth of the Glass Tiles industry during the forecast period.

The Asia-Pacific region captured the largest share of the Glass Tiles Market in 2023, accounting for 43%. Global construction output is projected to increase by 85% to reach US$15.5 trillion by 2030, as per Oxford Economics. Notably, China, the United States, and India will contribute to 57% of this growth. Developed countries are experiencing economic recovery, while emerging nations are undergoing industrialization. A benchmark study from Global Construction Perspectives and Oxford Economics forecasts an average global construction growth rate of 3.9% per year through 2030, surpassing global GDP by more than 1%, with China's contribution to this growth anticipated to increase significantly. According to Invest India, India’s real estate market is predicted to reach US$1 trillion by 2030, accounting for 13% of its GDP. The overall growth in construction is anticipated to drive the demand for glass tiles, supporting market expansion during the forecast period. 

Urbanization, fueled by population growth, is a major factor driving the expansion of the Glass Tiles market. Less-developed countries are experiencing faster urban growth compared to developed nations, driven by both natural populations increase and rural-to-urban migration. According to the UNFPA, the world’s population reached 8 billion in 2023, with an annual change rate of 0.7%. China's population was reported at 1.40 billion by the National Bureau of Statistics. India's population is projected to rise from 121.1 crores to 152.2 crores between 2011 and 2036, a 25.7% increase at a 1% annual growth rate, raising its density from 368 to 463 people per square kilometer. As urbanization accelerates, the demand for new buildings will increase, driving growth in the construction sector and, consequently, in the Glass Tiles market over the forecast period.

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Industrialization plays a crucial role in driving urbanization and, consequently, the growth of the industrial construction industry. By generating economic growth and job opportunities, industrialization attracts populations to urban centers, fostering further urban expansion. The advent of mechanization and automation in industrialized construction (IC) enhances operational efficiency and productivity. Key objectives of industrialization include improving labor productivity, expediting construction timelines, reducing costs, and integrating advanced technologies like augmented reality (AR) into building processes. By 2035, it is anticipated that the majority of new buildings will utilize IC methods for both manufacturing and construction. This increase in industrial construction activities is poised to significantly boost the Glass Tiles Market during the forecast period. 

• In August 2023, Artistic Tile unveiled Trombone Triangles, a striking new addition to its Jazz Glass collection, showcasing hand-assembled art glass triangles in vibrant pink and blue hues. These tiles are perfect for wet areas, walls, and light residential floors.

• In September 2022, Sicis introduced its Vetrite Collection of glass tile coverings in India, combining traditional craftsmanship with modern technology to provide highly decorative and versatile design solutions.

Key companies profiled in the Glass Tiles Market are Villi USA, Saint Gobain, Arizona Tiles, Daltile, Emser Tile LLC, Fireclay Tile Inc, AquaBlu Mosaics, Virginia Tile, Genesee Ceramic Tile, Onix Ceramica, S.L and others.