The global glass tiles market is currently witnessing a strong growth. A glass tile is a thin and flat reflective surface that is available in a wide variety of shapes, transparencies and colors. It is commonly used for surface decorations, owing to various associated advantages, such as low maintenance requirements, high durability and resistance to frost, water and sunlight. Glass tiles are usually manufactured using sand and thin pieces of recycled glass that are fired onto the back of a ceramic tile. Some of the most common types of glass tiles include smalti, fused, sintered, anti-slip and cast tiles that are available with smooth and matte-finishing.
Continuous growth in the real estate sector and rapid urbanization across the globe are among the key factors driving the growth of the market. In line with this, there is an escalating product demand from the commercial sector that uses glass tiles for multi-story buildings, luxury complexes, hospitals, shopping malls and sports complexes. Growing environmental-consciousness is acting as another major growth-inducing factor. Glass tiles can reflect light, which aids in keeping indoor spaces brighter and warmer, thereby minimizing the overall energy consumption. Additionally, glass tiles are being manufactured using solar and wind power, which is further reducing the impact on the environment. Other factors, including the implementation of favorable government policies to promote sustainable living and the utilization of cleaner and renewable sources for the production of these tiles, are projected to drive the market in the coming years. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 7% during 2020-2025.
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The competitive landscape of the industry has also been examined with some of the key players being American Olean, Arizona Tile, Bellavita Tile Inc., Crossville Inc., Dal-Tile Group Inc., Emser Tile LLC, Fireclay Tile Inc., Hirsch Glass (Dalian) Co. Ltd., Compagnie de Saint-Gobain, Sonoma Tilemakers Inc., Susan Jablon Mosaics LLC, etc.
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