Ceiling Tiles Market Expected to Boost Moderately over 2023
Market Highlights
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 Research Analysis
For this study, the global ceiling tiles market
has been divided, based on products, installation types and applications. On
the basis of products, 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. These have noise reduction characteristics and are highly utilized 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 a
ceiling surface using adhesive.
On the basis of application, 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 sector, in corporate
offices, healthcare centers, retail & grocery stores, and educational
institutions. They are also installed in cafeterias, hotels, gymnasiums, and
airport terminals. Residential is the second largest application segment of the
market. Non-residential application is expected to contribute significantly
during the forecast period.
Scope of the Report
This study provides an overview of the global
ceiling tiles market, tracking three market segments across four geographic
regions. The report studies key players, providing a five-year annual trend
analysis that highlights market size, volume and share for North America,
Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also
provides a forecast, focusing on the market opportunities for the next six
years for each region. The scope of the study segments the global ceiling tiles
market by product, by installation type, by application, and region.
By Product
- Mineral
Wool
- Metal
- Gypsum
- Wood
- Others
By Installation
Type
- Drop
In
- Glue
Up Wall
Application
- Residential
- Non-residential
By
Region
- North
America
- Asia-Pacific
- Europe
- Rest
of the World
Key Players
The prominent players
in the ceiling tiles market include 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), and The
ReWall Company, LLC (U.S.).
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