The ceiling tiles market is a segment within the construction materials industry that is driven by the growing demand for decorative, acoustic, and thermal insulation ceiling tiles for use in commercial, residential, and institutional buildings. Ceiling tiles are an integral part of the building construction process, used to enhance the interior aesthetics of buildings while providing functionality such as sound absorption and heat insulation.
According to a report by Fact.MR, the global ceiling tiles market size was valued at US$ 19.7 billion in 2020 and is expected to grow at a CAGR of 5% from 2021 to 2031. The growth of the market is attributed to the increasing adoption of eco-friendly and energy-efficient building materials, the growing demand for modern and aesthetically appealing interiors, and the rising investments in commercial and residential construction projects.
The report notes that the Asia Pacific region is the largest market for ceiling tiles, accounting for a significant share of the global market. This is primarily due to the increasing investments in infrastructure and construction projects in countries such as China and India, as well as the growing demand for decorative and acoustic ceiling tiles in commercial buildings in the region. Other regions such as North America, Europe, and the Middle East and Africa are also expected to witness significant growth in the ceiling tiles market in the coming years.
The report further highlights that the COVID-19 pandemic has had a significant impact on the ceiling tiles market, with disruptions in supply chains and the slowdown of construction activities. However, with the resumption of construction activities and the increasing demand for eco-friendly and energy-efficient building materials, the market is expected to recover in the post-pandemic era.
In conclusion, the ceiling tiles market is expected to continue growing due to the increasing demand for decorative, acoustic, and thermal insulation ceiling tiles, the adoption of eco-friendly and energy-efficient building materials, and the growing investments in commercial and residential construction projects, particularly in emerging economies
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Celing Tiles Market Segmentation by Category
- By Material :
- Aluminum
- Fiber Glass
- Mineral Fiber/Gypsum
- PVC
- Steel
- Wood
- Other Material Types
- Polystyrene
- Urethane
- MDF
- Copper
- By Form :
- Laminated
- Fissured
- Patterned
- Plain
- Textured
- Coffered
- Other Forms
- Open Cell
- Fine Ceiling Tiles
- By Application :
- Residential
- Hospitality
- Commercial
- Institutional
- Industrial
- By Installation :
- Drop/Suspended
- Surface Mounted
- By Region :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
5 Key Projections on Future of Ceiling Tiles Market for Forecast Period 2018-2027
1- The market in Asia-Pacific excluding Japan (APEJ) is expected to spearhead the market in terms of sales expansion. Increasing foreign investments particularly in India and Southeast Asia, coupled with robust construction activities apropos information technology parks and new offices that is driven by the rise in working populace is a key factor propelling the market expansion in APEJ.
2- Among product types, mineral fiber will remain sought-after in the market on account of their noise reduction characteristics.
3- Commercial application of ceiling tiles will continue to account for leading revenue share of the market. This can be mainly attributed to commercial use-specific product launches by companies, for example – Rockfon’s new stone wool ceiling panel for application in auditoriums, theatres, and restaurants.
4- Surface mount installation will remain preferred for ceiling tiles on their back of their operational convenience and user-friendly attributes.
5- Based on form, laminated ceiling tiles will continue to lead the market, in terms of both value and volume.
Key Companies Profiled
- Armstrong World Industries, Inc.
- Saint-Gobain S.A.
- USG Corporation
- Knauf
- Techno Ceiling Products
- ROCKFON
- Mada Gypsum
- Odenwald Faserplattenwerk GmbH
- SAS International
- New Ceiling Tiles LLC
Acquisitions and Product Innovation to Remain Key Expansion Strategies among Market Players
The goal of ceiling tile producers is to grow their company through the application of key techniques including product innovation and acquisitions. The specialist ceiling panels made by USG Boral called GeometrixTM, intended for high-end design projects, show promise for making even the most intricate ceiling designs possible. Geometrix 3D metal-based specialized ceiling panels, which are made of lightweight aluminum, provide ceiling spaces an unexpected dimension and distinctive perspective. This world-leading ceilings and plasterboard joint venture has also made Geometrix products with high recycled content (HRC) available.
A recent announcement regarding the acquisition of Ceilings Plus by USG Corporation was made. For the right to purchase this top manufacturer of specialist ceiling products, USG will shell out close to US$ 52 Mn. By incorporating Ceilings Plus, USG is likely to expand the range of products it offers, accelerating innovation and strengthening its position in the specialty ceilings market. By partnering with USG, Ceilings Plus hopes to advance their continuing evolution by giving customers access to more advanced manufacturing technologies and a wider range of market segments. In the approaching years, the market for ceiling tiles is projected to increase as a result of such innovation and acquisition operations.
Contact:
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
