Stainless steel is an alloy of iron. It is scientifically defined as an iron alloy with a minimum of 10.5% chromium. The addition of chromium allows the formation of a thin layer of oxide on stainless steel. This layer prevents surface corrosion, thereby keeping the stainless steel in an optimum condition. Increase in the chromium content leads to an increase in the resistance to corrosion. Therefore, products made from stainless steel are more durable as compared to those manufactured from various other metals. This allows the metal to be used in a variety of products, ranging from industrial equipment, to kitchen utensils and windows panes. Stainless steel is also used to manufacture tiles.
Stainless steel tiles are tiles manufactured from stainless steel metal. They are primarily used for their non-corrosive and durable nature. These tiles are highly resistant to wear-and-tear and corrosion, while also being adaptable to installation in a wide range of climates, from extreme heat to extreme cold. However, an equally important reason for their extensive use is the decorative and stylish qualities of these tiles. Stainless steel tiles are sleek and provide a glazed finish. Furthermore, it is possible to carry-out more processing on these tiles, for e.g. by coating them, in order to make them anti-bacteria resistant. Other effects such as sandy textures can be incorporated so as to make them more resistant to damages caused by stains.
The stainless steel tiles are easy to clean and sanitize. These properties, along with their durable and decorative properties, are likely to drive the stainless steel tile market. These tiles are primarily used in indoor applications, rather than outdoor use. In case of indoors, these tiles are commonly used on kitchen walls and as bathroom tiles, apart from fire-side places. Outdoor applications include commercial establishments, where they are used as dining table tops and in reception areas. Other outdoor applications, though rare, include swimming pools and gymnasiums.
Stainless steel tiles are popular due to their availability in a wide variety. These tiles are available in various shapes, colors, and dimensions. Stainless steel tiles are available in various customizable shapes and sizes. Rectangle is the most popular shape of stainless steel tiles. Others shapes include square, circle, hexagonal, triangular, cross, L-shape, V-shape, various combinations of such shapes, and other curved shapes as per requirement. Similarly, stainless steel tiles are available in a wide range of colors. The most commonly used colors include grey, silver, and black; however, other colors encompass shades of brown, green, maroon, copper yellow, blue, and white, among others. The dimensions of stainless steel tiles are varied, apart from the customization available, and consist of factors such as their length, breadth, and thickness. Examples of dimensions include sizes like 12” X 12”, 3” X 6” or 4” X 4” etc. and thickness like 2”, 3” or 5”. In terms of regions, the global stainless steel tiles market can be classified as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Major companies operating in the global stainless steel tiles market include Metal Tile Co. Ltd., Tile Bar, Stainless Steel Tile Inc., The Complete Tile Collection LLC, Fuleitat Metal Mosaic Building Materials Co. Ltd., United International Private Limited, Inoxia, Daltile, and Linagolan.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.