The Ceiling Tiles Market was valued at $6.13 Billion in 2018 and is forecast to grow at a modest 8.7 % CAGR between 2018 and 2025, culminating in 2026 global sales of $23.56 Billion.
Industry at a Glance.
Ceiling tiles are typically made with mineral wool, fiberglass, gypsum, perlite, clay, cellulose or starch. Ceiling tiles, also known as ceiling panels, are lightweight construction materials, which are used to cover ceilings.
Owing to their visual attractiveness, ease of installation, and sound blocking and sound absorption properties, the demand for ceiling tiles has been increasing progressively in the residential application.
Growing a greater number of population and urbanization, which expands the number of residential construction projects, institutional buildings, healthcare facilities, malls, new office centers, rising disposable income, shifting consumer perception, demand for thermal insulation and re-development is also projected to fuel the global Ceiling Tiles market during the forecast period. The thriving commercial sector is anticipated to extend profitable growth prospects for the global Ceiling Tiles market in the coming future.
In October 2017, Rockfon (Denmark) inaugurated its manufacturing facility in Marshall County, Mississippi (US). The new manufacturing facility of Rockfon majorly focuses on the production of stone wool acoustic ceilings. The expansion has helped the company to enhance its North American capacity and to meet the growing demand for acoustically advanced stone wool ceiling products.
“Optimal Price Point (OPP) for Global Ceiling Tiles”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Ceiling Tiles are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Ceiling Tiles Market by “Key Product Categories”
We have segmented the Global Ceiling Tiles-based on Key Product categories as Mineral Wool, Metal, Gypsum, and Others.
We have observed the rapid growth of Ceiling Tiles followed by Mineral Wool segment has dominated the market with share of 43.22% and is expected to propel the market growth over the forecast period. Mineral wool insulation is fireproof and does not conduct heat. Because of this, it is very fit for environments that put high demands on fire safety. Mineral wool is therefore often used in fireproof doors, partition walls, ceilings, protective clothing and other fire-retardant products.
We also noticed the Gypsum segment anticipated to drive the market with a CAGR of 8.8% from 2018 to 2026. This gives the gypsum ceiling tiles superior, maintenance, free finish along with additional thermal insulation properties. It can be used in areas requiring clean, dust-free interior such as computer rooms, food processing electronics and pharmaceutical companies.
Global Ceiling Tiles Market by “Application Categories”
We have segmented the Global Ceiling Tiles-based on Application Categories as Non-residential, Residential, and Industrial.
We have observed the rapid growth of Ceiling Tiles followed by the Non-residential/Infrastructure segment has the largest market share of 93.2% in 2018 and is estimated to grow during the prediction period. Basically, Increasing rate of population, rapid urbanization, increasing number of construction activities, and commercial places such as retail, medical sector, healthcare, platforms, colleges, and corridors which augments the market demand in a profitable way.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Ceiling Tiles followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
North America is having the largest market share of 36.9% in the global market in 2018. Demand for reasonable housing from emerging economies like India and China. Rising income levels, growing population, Technological innovations, demand for high thermal and acoustic insulation, increasing adoption of soundproof and decorative interior materials, and rapid growyh of commercial buildings are propelling the marketn demand in this region.
The Asia Pacific region led the market and accounted for the second-largest share, in terms of developing market and End-use industries, in the global market. The rising demand for public infrastructure, rising consumer disposable, renovation activities, and population growth are the key factor enhancing the market growth.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are USG Corporation, Knauf Gips KG, ROCKWOOL International A/S, Odenwald Faserplattenwerk GmbH, Saint-Gobain Gyproc, SAS International, BYUCKSAN, HIL Limited, Hunter Douglas, and KET Ceilings. are few major players in Global Ceiling Tiles markets. The Global Ceiling Tiles market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Ceiling Tiles Market by Key Product categories (Revenue, Million, 2018 – 2026)
- Mineral Wool
Global Ceiling Tiles Market by Application Categories (Revenue, Million, 2018 – 2026)
Global Ceiling Tiles Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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