Metallic Tiles Market

Market Overview

The global metallic tiles market size was valued at USD 1.50 billion in 2022. It is estimated to reach USD 2.58 billion by 2031, growing at a CAGR of 6.25% during the forecast period (2023–2031). There has been a growth in the urbanization rate worldwide as more people move towards cities from rural areas. This trend of surging urbanization gives rise to several homeownership and home improvement projects, thereby driving the global metallic tiles market. Moreover, as people are more concerned about the environmental impact of every product nowadays, there is a growing demand for metallic tiles in the construction industry, which are sustainable and eco-friendly. This is expected to create opportunities for metallic tiles market growth.

Metallic tiles are a type of tile that has a metallic finish or appearance. These tiles are often used in interior design and can be made from various materials, including metal, glass, or ceramic with a metallic glaze. Metallic tiles can come in various shapes and sizes and are known for adding a touch of sophistication and glamour to spaces. The metallic finish can range from a subtle sheen to a highly reflective and polished surface, depending on the manufacturing process and the materials used.

These tiles are commonly used in kitchen backsplashes, bathroom walls, and accent areas to create a modern and stylish look. They can also be employed in commercial spaces to enhance the overall aesthetic. The choice of metallic tiles can contribute to a contemporary and luxurious feel in interior design, making them a popular option for those looking to add a touch of elegance to their homes or businesses.

Market Dynamics

Global Metallic Tiles Market Drivers

Growing Urbanization

There has been a surge in the urbanization rate worldwide. For instance, according to the World Bank report published in April 2023, approximately 56% of the global population, equivalent to 4.4 billion people, currently resides in urban areas. The urban population is anticipated to expand at an annual rate of over 2% until 2050 when nearly one-seventh of the world's population will reside in cities. With surging urbanization, homeownership is increasingly gaining momentum in various economies worldwide.

Additionally, the increasing standard of living and rising income levels drive a surge in the demand for single-family residential ownership, which drives the demand for more home improvement projects to enhance the aesthetic appeal of houses. Metallic tiles are frequently selected in modern home improvement projects due to their contemporary and luxurious aesthetic. Moreover, the increasing prevalence of modern and contemporary interior design aesthetics contributes to the surge in demand for metallic tiles.

Global Market Restraint

High Cost of Metallic Tiles

The production of metallic tiles may incur higher costs than conventional ceramic or porcelain tiles. The surging cost of metal worldwide is further limiting market growth. For instance, according to the U.S. Bureau of Labor Statistics, the cost of primary metals imported for manufacturing rose by 51.1 percent between December 2019 and December 2022. In 2020, the index experienced a growth of 20.9 percent; in 2021, it further escalated by 24.0 percent. In 2022, the import price index for the manufacturing of primary metals increased by 0.8%.

Additionally, the maximum year-on-year increase in import prices for primary metal manufacturing since 12-month changes for the index were first published in December 2006 was 24.0 percent. This increase occurred in 2021. The surge in costs associated with alumina and aluminum production resulted in elevated import costs for primary metal manufacturing during the first quarter of 2022 and the entirety of 2021. This increases the production cost of metallic tiles, which is expected to restrict market expansion.

Global Metallic Tiles Market Opportunities

Demand for Eco-Friendly and Sustainable Construction Materials

Recyclable materials, including aluminum and stainless steel, are typically used to construct metallic tiles. The ability of these materials to undergo multiple cycles of recycling without deterioration contributes to the reduction of raw material demand and waste. Typically, metallic tiles are durable and constructed to last. They reduce the environmental impact associated with production, transportation, and disposal by eliminating the need for replacement more often than other materials due to their durability. Numerous metallic tiles are constructed to emit minimal or no volatile organic compounds, thereby enhancing indoor air quality.

In recent years, consumers have increasingly engaged with a sustainability approach. According to The Economist Intelligence Unit, online queries for sustainable products have increased 71% worldwide over the past five years. In addition, according to a survey by McKinsey & Co., 66% of all respondents and 76% of millennial respondents take sustainability into account when making purchases. Thus, there is a surge in the use of metallic tiles in the construction industry to meet sustainability standards, generating market growth opportunities.

Regional Analysis

Based on region, the global metallic tiles market is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Asia-Pacific is a rapidly expanding market because more than half of the world's urban population resides in Asian cities, and the region is projected to experience two-thirds of the global urban population growth. The primary factors driving the demand for metallic tiles in the Asia-Pacific region are the increasing requirements of residential and commercial construction and governmental regulations to safeguard human health and the environment from hazardous VOC emissions. Moreover, the Asia-Pacific construction sector's expansion can be ascribed to inexpensive labor and heightened regional demand. Thus, market participants are focusing their efforts on this sector in an attempt to increase their market share and profits.

Furthermore, increasing population, housing building demand, and investments in numerous projects are a few of the elements that have contributed to the Asia-Pacific construction industry's accelerated expansion. South Korea, China, India, and Japan are the most significant developing nations in the Asia-Pacific region. The National Development and Reform Commission (NDRC) reported that construction has resumed on just under 90 percent of significant projects in China. All significant railway undertakings have resumed operations, along with 87% of airport projects and 97% of essential roadway and canal undertakings. Therefore, the growing construction industry is estimated to positively affect the metallic tiles market in the Asia-Pacific region.

The North American region is growing at a significant pace. The region has a presence of highly developed nations that are undergoing rapid urbanization. For instance, according to Statista, the North American region exhibited the highest degree of urbanization, as more than 80% of its inhabitants resided in metropolitan areas. Similarly, according to GlobalData, in 2021, the United States's urban population reached 274 million individuals. In 2021, there was a documented growth of 0.7% compared to the preceding year. The urban population of the US increased by 2.0% between 2018 and 2021.

In addition, the urban population of the United States reached its peak in 2021, totaling 274 million individuals, while its lowest point was observed in 2018, with a recorded value of 268 million. This fluctuation occurred throughout the timeframe, spanning from 2018 to 2021. Additionally, the considerable government stimulus package has increased discretionary family spending, resulting in a continued high demand for house remodeling and renovation. All these factors together contribute to the metallic tiles market share in the region.

Segmental Analysis

The global market is segmented by type and application.

Based on type, the global metallic tiles market is divided into shake type, modena type, shingle type, classical type, and others. 

Shake tiles possess a timeless and traditional aesthetic that is highly appealing to a wide range of homeowners. They can also provide a sense of warmth and invitation by incorporating natural elements. Shake tiles of superior quality are durable, particularly when subjected to appropriate maintenance practices. These entities have the ability to withstand challenging meteorological conditions, including high winds, precipitation, and snowfall.

Based on application, the global market is segmented into residential, commercial, and others.

Metallic tiles have versatile applications within the commercial domain, providing visual appeal and practical utility advantages. In commercial spaces, metallic tiles can impart a contemporary and streamlined aesthetic. Their longevity, resistance to deterioration, and ease of maintenance render them appropriate for heavily trafficked zones such as lobbies, corridors, and entrances. In addition, the implementation of metallic tiling on walls in commercial spaces may create an aesthetically pleasing and refined ambiance. This is especially prevalent in high-end restaurants, hotels, and retail establishments that desire a luxurious atmosphere.

Additionally, the commercial sector has developed since 2021, following the re-establishment of economic activity. The commercial construction market is experiencing growth due to the increasing development of hotels, amusement parks, private and government offices, sports and convention centers. This growth in the commercial construction sector is driving the demand for metallic tiles in this segment.

Recent Developments

• August 2023- Grasim Industries Limited, which the Aditya Birla Group owns, announced the inauguration of Birla Pivot, a comprehensive B2B e-commerce platform for construction materials. The platform will guarantee punctual delivery and products of exceptional quality, covering an extensive selection of construction materials such as steel, tiles, cement, plywood, doors, paints, and ply, as well as sanitary and piping components.
• February 2023- Wienerberger UK and Ireland announced the launch of Sandtoft in-roof solar, an innovative solar roof tile that offers housebuilders a streamlined solar energy solution. This product guarantees that newly constructed homes will adhere to the Future Homes Standard 2025 and satisfy the recent Part L legislation requirements.