Ceiling tiles Market 2019 Size, Trends, Growth, Outlook and Forecast to 2023

 Global ceiling tiles market is expected to grow at CAGR of 8.2% during the forecast period 2019-2023.

The increase in the home improvement and the renovation projects in developed countries are driving huge opportunities for the growth of the market. Ceiling tiles are generally used everywhere such as the retail store, offices, hospitals, building perimeter, hotels, and transportation terminals. Growing demand for decorative interior and low maintenance building products, is also expected to generate growth for the market. However, availability of substitutes and fluctuating prices of raw material, may restrict the growth of the market

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Market Synopsis of Global Ceiling tiles Market

Ceiling tiles are essentially lightweight building materials used for covering the ceiling area. Ceiling tiles are usually used in industries such as the retail store, offices, building perimeter, hotels, hospitals, and transportation terminals.

Increased consumption in the Asia is considered as one of the driving factors responsible for the growth of the ceiling markets. According to Tile Edizioni, global tile consumption rose to 12,175 million sq.m in 2015, which is 0.8% more than the previous year. With increasing construction activities in the APAC region, especially in the countries of India, China and Indonesia, there is seen an increasing demand for such tiles.

Key Players

  • Armstrong World Industries Inc. (U.S.)
  • Knauf (Germany)
  • Grenzebach BSH GmbH (Germany)
  • Rockfon (U.S.)
  • USG Corporation (U.S.)
  • Saint Gobain S.A. (France)
  • SAS International (U.K.)
  • Odenwald Faserplattenwerk GmbH (Germany)
  • Hunter Douglas (The Netherlands)
  • Burgess CEP (U.K.)
  • Decorative Ceiling Tiles Inc. (U.S.)
  • VANS Gypsum Pvt Ltd (India)
  • The ReWall Company, LLC (U.S.)

Global Ceiling Tiles Market - Segments

Global Ceiling Tiles Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Product : Comprises - Mineral Wool, Metal, Gypsum, Wood and Others

Segmentation By Installation Type : Comprises - Drop In, and Glue Up

Segmentation By Application : Comprises - Residential and Non-residential

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Market Segmentation and Regional Analysis

For the purpose of this study, the global ceiling tiles market has been divided on the basis of products, installation types and applications. On the basis of product, the market has been segmented as mineral wool, metal, gypsum, wood and others. Among products, mineral wool accounted for the largest market share. Mineral wool includes fibers derived from slag, rock, and glass wool, which have noise reduction characteristics and are highly used in commercial spaces that are exposed to noisy surroundings. Gypsum is the second largest product type of the market. Now a days, new eco-friendly gypsum based construction materials have come up, which are expected to fuel the demand of the gypsum product. Based on installation type, the market has been segmented as drop in, and glue up. In glue up, ceiling tiles are attached directly to the ceiling surface using adhesive.

On the basis of applications, the market has been segmented as residential and non-residential. Non-residential dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Ceiling tiles are installed in numerous sub-applications within the non-residential construction areas such as corporate offices, healthcare centers, retail & grocery stores, and educational institutions. They are also installed in Cafeterias, hotels, gymnasiums, and airport terminals. Although non-residential application is expected to contribute significantly during the forecast period, the residential segment contributes significantly, in the market.

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