The latest report published by IMARC Group, titled “Ceiling Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ″offers a comprehensive analysis of the industry, which comprises insights on ceiling tiles market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global ceiling tiles market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.96% during 2023-2028.
Ceiling tiles, or ceiling panels, are construction materials used to cover ceilings. They are designed to improve a room’s aesthetics and acoustics while providing thermal insulation. They are mostly made from mineral fibre, but other materials, such as fiberglass or thermoformed plastic, are also available. There are four types of ceiling tiles, acoustic, plastic, tin, and cork. All these tiles are highly reflective, which makes it easier to light up ample space. They are ideally suited for soundproofing and are one of the most excellent ways to hide wires and conduits running along the walls near the ceiling.
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Market Trends:
The global market is majorly driven by the increasing commercial construction activities, such as office complexes, institutional buildings, and healthcare facilities. In line with this, the rising consumer focus on the aesthetics of office and home buildings and the inflating disposable income in emerging economies are significantly contributing to the market growth. Furthermore, the growing demand for thermal and acoustic insulation and the rapid utilization of innovative and sustainable construction solutions involving eco-friendly materials for floors, ceilings, and walls, are favourably impacting the market. Apart from this, the key players are improving their product portfolio by developing low-VOC emitting and asbestos-free product lines. Moreover, the rapid adoption of recyclable and reusable technologies by the leading players across the globe is creating a positive outlook for the market. Besides, real estate developers and investors are focusing on green building finance. This, along with consumer awareness about pollution and CO2 emissions, offers numerous opportunities for green construction, thus catalysing product demand. Additionally, the widespread application of the product for improving the look of the home and outer parts of residential buildings is another growth-inducing factor.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- SAS International
- ROCKFON International A/S
- USG Corporation
- Knauf Gips KG
- Odenwald Faserplattenwerk GmbH
Ceiling Tiles Market Segmentation:
Our report has categorized the market based on region, product type and application.
Breakup by Product Type:
- Mineral Wool
- Gypsum
- Metallic
- Others
Breakup by Application:
- Non-Residential Applications
- Residential Applications
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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