According to the research report titled ‘Global Stainless Steel Tile Market Size study with COVID-19 Impact, by Type (Rectangle Type, Others), by Application (Commercial, Residential) and Regional Forecasts 2020-2026‘, available with Market Study Report, global stainless steel tile market is anticipated to amass substantial revenues by the year 2026.
 

Amplifying construction sector is a major factor expected to drive global stainless steel tile market growth over the ensuing years. These tiles have major benefits such as durability, easy cleaning and maintenance, and are available in satin or matte finish, which is boosting the demand from construction sector.
 

Stainless steel tiles are applied in kitchens, bathrooms, doors, windows panel, and factories. They are corrosion resistant and durable. Introduction of new tiles in recent times that are customizable according to interior and easily cleanable, are gaining attention from the customers, hence propelling the market size.
 

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However, stainless steel tiles get dented easily as compared to ceramic tiles, which along with restricted usage in low temperature regions due to its cold surface are the major factors hampering global stainless steel tile market growth during the forecast period.
 

Rising prevalence of COVID-19 has caused drop in profit margins of industry partakers due to low demand and high supply of product. Temporary shutdown of factories to ensure labor safety is negatively impacting the market growth. Although, global stainless steel tile industry is poised to recover swiftly after the pandemic due to government tenders for large infrastructure projects.
 

With regards to type, global stainless steel tile industry is bifurcated into rectangle and others. Based on application spectrum, the industry is segmented into residential and commercial.  
 

As per regional analysis, worldwide stainless steel tile market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America was the major contributor in terms of industry share in the recent past. Meanwhile, Asia Pacific stainless steel tile market is anticipated to witness highest growth rate over 2020-2026.
 

Major players operating in global stainless steel tile marketplace include Eden Mosaic Tile, Hoba Steel GmbH, Dal-Tile Group Inc., Tilebar LLC, Metal Tile Co., SS Tile and Stone Inc., Arizona Tile LLC, Stainless Steel Tile Inc., Inoxia Inc., and Foshan Hermes Steel Co. Ltd.