The global ceiling tiles market size is
expected to reach USD 9.91 billion by 2025, according to a new report by Grand
View Research, Inc. It is anticipated to expand at a CAGR of 9.3% during the
forecast period. The positive growth trends in the commercial construction
sector across the globe are expected to play a vital role in creating ample
scope for the consumption of building materials thereby driving the market
growth.
Ceiling tiles are
utilized primarily for providing better acoustic insulation to interior
constructions. The raw materials such as mineral wool, metal, and gypsum have
significant noise reduction coefficient and they are light in weight and
environment-friendly; which makes them favorable for use in ceiling systems.
This factor is projected to drive the product demand in the forthcoming years.
The market participants
supply ceiling tiles through different distribution channels including direct
supply, wholesale or bulk selling, third-party supply contracts, and through
online portals. The major players are expected to be benefited from third-party
agreements, by obtaining access to the regional distribution and marketing
networks.
Rising demand for
decorative interiors and exterior in the construction sector has urged the use
of advanced designing and printing technologies in the building materials
market. Innovation in an enhancement of aesthetics of non-residential buildings
is expected to create new avenues for research and development in terms of
providing improved visual effects and finishing of ceilings.
Environmental concerns
regarding waste generation are expected to create the need for inventions in
recycling and reuse technologies in the ceiling tiles market. Recycling of
waste mineral tiles has boosted sustainable development in the industry and has
minimized the dumping of ceiling tiles in landfills primarily in developed
economies of North America and Europe.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market
https://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market
Further key findings from the report suggest:
· Mineral wool ceiling tiles include wet
felt, cast mineral fiber as well as fiberglass and accounted for 42.2% of the
market share in terms of revenue in 2018 on account of superior performance and
recyclability of the product
· Metal-based segment is expected to register
a CAGR of 9.4% from 2019 to 2025 and is expected to be the second fastest
growing segment on account of extensive product portfolio manufactured using
steel, aluminum, and tin offering high durability products
· Non-residential application segment
accounted for 92.1% of the revenue share in 2018 as these products are majorly
used in offices, retail stores, institutes, healthcare, and hospitality sector
to improve aesthetics as well as to offer acoustic insulation
· The product demand primarily from offices
is expected to register the highest CAGR 9.7% from non-residential application
segment on account of increasing construction of new office spaces across the
globe
· North America accounted for 33.9% of
revenue share in 2018 on account of high adoption of the tiles to improve
aesthetics and thermal and acoustic insulation in non-residential buildings primarily
offices, institutes, and commercial spaces
· The ceiling tiles market is highly
fragmented in nature with the presence of global and regional players. The
major players implement various strategies such as acquisitions of business
assets of raw material providers, product upgrades, and accessing global
distribution network.
Grand View Research has
segmented the global ceiling tiles market on the basis of product, application,
and region:
Ceiling Tiles Product Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
Mineral Wool
·
Metal
·
Gypsum
·
Others
Ceiling Tiles Application Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
Non-Residential
·
Residential
·
Industrial
Ceiling Tiles Regional Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Russia
o
Spain
o
Italy
o
Austria
o
Poland
o
Belgium
o
Switzerland
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
o
Indonesia
·
Central & South America
o
Brazil
·
Middle East & Africa
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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