Glass Tiles Market - Forecast(2024 - 2030)

Glass Tiles Market size is forecast to reach US$89.5 billion by 2030 and is growing at a CAGR of 6.4% during 2024-2030. Glass tiles are created from thin sheets of glass that have a translucent coating applied to the back. They're available separately or in pre-designed mosaic patterns on a mesh backing. Glass tiles have a zero percent absorbency rate, making them impenetrable to water (compared to ceramic, which has an absorbency rate of 0.5 percent to 3 percent). They are environmentally friendly. Many of the glass tiles on the market are created from recycled materials which are called glass mosaic tiles. Even if they aren't, they are 100% recyclable at the end of their useful life. Glass tiles also need around half the energy that ceramic tiles do. Silica sand, often known as industrial sand, is the most crucial element in the creation of all types of glass. Sintered glass is a wall and backsplash material that can be used instead of stone, porcelain, or ceramic tile. Pure bentonite is used in the preparation of the body of a ceramic floor tile. Sintered tiles is a wall and backsplash material that can be used instead of stone, porcelain, or ceramic tile. Due to the vast use of glass tiles in the construction sector.

Glass tiles have emerged as a prominent trend in the interior design industry, reflecting modern aesthetics and sustainability. These tiles offer a sleek, contemporary look, making them a popular choice for both residential and commercial spaces. With advancements in manufacturing technology, glass tiles now come in a wide array of colors, sizes, and textures, catering to diverse design preferences. The durability and easy maintenance of glass tiles contribute to their appeal, especially in high-traffic areas like kitchens and bathrooms. Furthermore, the eco-friendly nature of glass tiles aligns with the growing emphasis on sustainability in construction and interior design practices the Glass Tiles Market is projected to grow in the forecast period.

                                                         

Due to the COVID-19 pandemic, the Glass Tiles Market was highly impacted. Most of the manufacturing plants of glass tiles were shut down, which declined the production of glass tiles. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption for glass tiles. However, with gradual lockdown relaxations, manufacturers started operating with minimum workforce abiding by necessary COVID-19 norms. The Building and Construction works gradually started across the globe. The Glass Tiles Market is expected to overcome the small economic disruption and further grow in the forecast period. 

The report: “Glass Tiles Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of 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: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

• Asia Pacific dominates the Glass Tiles Market, owing to the increasing construction activity and urbanization in the region. In the construction industry, a new expenditure and finance pattern has been detected. Construction activity will transition away from nonresidential structures and toward infrastructure, followed by residential developments in the long run. In Asia, funding structures are changing as well, with a rise in the use of private capital, including public-private partnerships.

• The versatility of glass tiles, offering various colors, textures, and sizes, aligns with the evolving design preferences of consumers. Their durability and easy maintenance further contribute to their popularity in diverse applications. The growing emphasis on sustainability in construction materials bolsters the demand for eco-friendly glass tiles.

• The surge in construction activities worldwide is another driver, as glass mosaic tiles are favored for both residential and commercial projects. Due to the growth of construction industry growth globally the glass tiles market is going to grow in the forecast period.

                                                             

Fused glass tile segment held the largest share of 36% in the Glass Tiles Market in 2023. Whole pieces of glass are fused together in a kiln at temperatures ranging from 1100 to 1500 degrees Fahrenheit to create fused glass tiles. The bigger the physical shift in the glass, the higher the temperature. The majority of modern fusing techniques involve stacking and layering thin sheets of glass. To successfully fuse glass, it is necessary to use glasses that expand at the same rate when heated; otherwise, the glass may break apart over time. Fused glass tiles are ideal for a variety of applications, including kitchen backsplashes, dining room walls, bathroom showers, and more. They can be placed anywhere in the home or company to bring beauty and originality. Black and white fused glass accent tiles are available in a number of strong, vibrant colors, as well as transparent, semi-transparent, and opaque forms. Due to the durability and vast use of fused glass tiles, the Glass Tiles Market is projected to grow in the forecast period.

Residential segment held the largest share in the Paraffin Market in 2023 and is growing at a CAGR of 6.5% during 2024-2030. According to U.S. Census Bureau, the estimated seasonally adjusted annual rate of construction spending in December 2023 was $2,096.0 billion, which is 0.9 percent (± 0.8 percent) more than the revised November estimate of $2,078.3 billion. Global construction market's growth includes rapid technical breakthroughs in infrastructure development and rising demand for environmentally friendly buildings with low carbon footprints. Another factor projected to drive construction market growth is improving economic conditions in developing countries, which would lead to increased consumer disposable income and government investment in public infrastructure. Hence the growth of construction sector is going to boost the growth of Glass Tiles Market in the forecast period.

Asia Pacific region held the largest share in the Glass Tiles Market in 2023 up to 43%. Global construction output is expected to climb by 85% to US$15.5 trillion by 2030, according to Oxford Economics, with three countries leading the way and accounting for 57% of overall growth: China, the United States, and India. Due to developed countries' economic recovery and emerging countries' continued industrialization, the benchmark global study, the fourth in a series from Global Construction Perspectives and Oxford Economics, forecasts average global construction growth of 3.9% per year to 2030, outpacing global GDP by more than 1% point. As the world's largest economy slows, China's share of the global construction sector will only expand modestly. In comparison, construction in the United States will grow at a greater rate than in China over the next 15 years, averaging 5% each year. According to Invest India, India's real estate industry is predicted to reach US$1 trillion in value by 2030, accounting for 13% of GDP. As a result of the global construction industry's growth, the Glass Tiles Market is expected to grow over the forecast period.

Urbanization is a global trend that reflects the world's expanding population. Less-developed countries' urban populations are growing at a quicker rate than those of more-developed countries. Urbanization is the result of natural population growth and rural-to-urban migration. According to UNFPA (United Nations Population Fund), the world’s population in 2023 is 8 billion. The annual population change rate is 0.7%. China's population in 2023 was 1.40 billion, according to the National Bureau of Statistics. During the period 2011-2036, India's population is predicted to grow from 121.1 crores to 152.2 crores, a 25.7% increase in 25 years at a 1% annual growth rate. As a result, population density will rise from 368 to 463 people per square kilometer. As a result, the growing population will stimulate the building sector, resulting in significant growth in the glass tile market over the forecast period.

Industrialization has traditionally resulted in urbanization by generating economic growth and job possibilities, which attract people to cities. These technological hubs, like factories in the past, attract people from distant places, contributing to urbanization. The use of mechanization and automation in industrialized construction (IC) supports the advancement of construction operations. The industrialization of construction has numerous goals, including boosting labor productivity, replacing labor-intensive processes with machines, speeding up construction, commissioning new projects more quickly, lowering costs, lean construction, and adding augmented reality (AR). As technology changes how we design, manufacture, and assemble, industrialization is a significant trend of scientific and technical improvement in construction. By 2035, it is expected that the bulk of buildings would be built using IC for manufacture and construction. As a result of the increase in industrial building, the Glass Tiles Market is expected to expand over the forecast period.

According to Original Mission Tile, the cost of mosaic glass tiles is one of the most significant disadvantages. It may discover a bargain for US$10 per square foot. Most expensive ones lie somewhere in the range of US$20 and US$30 per square foot, with very good quality choices going up to US$50 per square foot. For a single square foot of design, repeating patterns can cost up to US$100. Glass mosaics are harder to install than ceramic or real stone tiles. The adhesive will show through the tile if you aren't careful. It's best to engage a professional who works with glass mosaics experienced with placing tile. The expense of purchasing, installing, and repairing glass mosaic tile flooring is high. Scratches on its surface might ruin the aesthetic of the tiles over time, necessitating their replacement. Hence these factors can restrict the growth of the Glass Tiles Market.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Glass Tiles Market. Glass Tiles Market top companies are

1. Villi USA

2. Saint Gobain

3. Arizona Tiles

4. Daltile

5. Emser Tile LLC

6. Fireclay Tile Inc

7. AquaBlu Mosaics

8. Virginia Tile

9. Genesee Ceramic Tile

10. Onix Ceramica, S.L.

• In August 2023, Artistic Tile introduced Trombone Triangles, a captivating addition to its Jazz Glass collection, featuring hand-assembled art glass triangles in vibrant Pink and Blue colorways, ideal for wet areas, walls, and light residential floors.

• In September 2022, Sicis launched its Vetrite Collection of glass tile coverings in India, offering a blend of traditional craftsmanship and modern technology for highly decorative and versatile design solutions.