Ceiling Tiles Market Size, Share, Trends, Growth and Forecast 2030

Ceiling Tiles Industry Prospective:

The global ceiling tiles market size was evaluated at $7 billion in 2022 and is slated to hit $20 billion by the end of 2030 with a CAGR of nearly 9.4% between 2023 and 2030.

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Ceiling Tiles Market: Overview

Ceiling tiles also referred to as ceiling panels are low-weighing construction materials that are utilized for covering ceilings. These products are placed within an aluminum grid and offer thermal insulation. These ceiling tiles are designed for enhancing the aesthetic appeal of the room. These tiles can be easily customized based on size, coloration, and design, thereby enhancing their demand in various kinds of construction activities. Reportedly, these tiles are used in commercial & residential constructions such as retail stores, hotels & restaurants, and hospitals & clinics.

Key Insights

• As per the analysis shared by our research analyst, the global ceiling tiles market is projected to expand annually at the annual growth rate of around 9.4% over the forecast timespan (2023-2030)
• In terms of revenue, the global ceiling tiles market size was evaluated at nearly $7 billion in 2022 and is expected to reach $20 billion by 2030.
• The global ceiling tiles market is anticipated to grow rapidly over the forecast timeline owing to an increase in the construction of new offices, healthcare units, and shopping malls.
• In terms of material type, the gypsum segment is slated to register the highest CAGR over the analysis period.
• Based on end-user, the commercial segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific ceiling tiles industry is projected to register the fastest CAGR during the assessment timeline.

Ceiling Tiles Market: Growth Factors

Thriving construction sector will spearhead the global market expansion over the forecast timespan

An increase in the construction of new offices, healthcare units, and shopping malls is predicted to define the growth of the global ceiling tiles market in the years ahead. Apart from this, escalating demand for thermal and acoustic insulation along with growing consumer preference for improving the aesthetic appeal of offices will prompt global market trends. Large-scale application of products in sustainable construction activities along with the demand for eco-friendly materials for ceilings and flooring is expected to steer the global market dynamics over the years ahead.

Manufacturers make use of backward & forward integration strategies and this will expand the scope of the demand and growth of the ceiling tiles, thereby embellishing the expansion of the global market. The global market is predicted to expand by leaps & bounds subject to a notable rise in investments in creating ceiling tiles possessing strong fire-resistant abilities. A surge in the number of green constructions in emerging economies owing to growing awareness about reducing the greenhouse effects is projected to expand the global market space. Launching new units for expanding the production capacity of ceiling tiles will prop up the global market size in the coming years. For instance, in the first half of 2021, Saint-Gobain Gyproc launched a ceiling tile production establishment in India. The move is aimed at reducing carbon footprints in the country.

Ceiling Tiles Market: Restraints

Massive product costs and proneness of product to damage can hinder the global industry expansion by 2030

Interruptions in supply chain activities and factory shutdowns can restrict the growth of the ceiling tiles industry across the globe. High product costs and an increase in the product susceptibility to damage will inhibit the demand for ceiling tiles in the upcoming years.

Ceiling Tiles Market: Opportunities

Huge product penetration in emerging economies will open new growth domains for the global market

Escalating product demand in the emerging economies of the Middle East & Africa and Asia-Pacific will open new facets of growth for the global ceiling tiles market in the years ahead. A surge in the purchasing power of the consumers has translated into massive sales of the product in the residential and commercial sectors. This, in turn, has opened a plethora of opportunities for the global market.

Ceiling Tiles Market: Challenges

Oscillating product costs can put a big challenge for the global industry over 2023-2030

Fluctuations in the costs of raw components and supply chain disruptions can create a huge challenge for the global ceiling tiles industry in the foreseeable future. Apart from this, an increase in the installation costs of ceiling tiles has led to their reduced demand across the residential sector and this has transformed into a big obstruction for the global industry surge.

Ceiling Tiles Market: Segmentation

The global ceiling tiles market is sectored into material type, property type, end-user, and region.        

In material type terms, the global ceiling tiles market is segregated into mineral fibers, metal, gypsum, and others segments. Furthermore, the gypsum segment, which acquired nearly 70% of the global market revenue share in 2022, is predicted to register the highest CAGR in the upcoming years. The growth of the segment in the forecasting timespan can be subject to a slew of benefits offered by the products such as deployment ease, low weight, and reduced maintenance & repairing charges.

Based on the end-user, the global ceiling tiles industry is sectored into residential and commercial segments. Moreover, the commercial segment, which accrued a large chunk of the global industry share in 2022, is expected to lead the global industry over the analysis timeline. The segmental expansion over the assessment timeframe can be due rise in the construction of commercial structures globally. Furthermore, surging investments in commercial construction activities in countries such as Brazil, India, and South Korea will spearhead the global market expansion over the projection period. Reportedly, ceiling tiles are commonly utilized in a variety of commercial spaces such as hospitality, healthcare, retail, diagnostic centers, and clinics. These products can improve the aesthetic sense of commercial edifices along with improving their thermal and acoustic insulation abilities.

In terms of property type, the global ceiling tiles market is segregated into acoustic and non-acoustic segments.

Ceiling Tiles Market: Report Scope

Ceiling Tiles Market: Regional Insights

North America is anticipated to retain its leading position in the global ceiling tiles business over the expected timeframe

North America, which contributed about half of the global ceiling tiles market revenue in 2022, will be a dominating region over the projected timeline. Furthermore, the regional market growth can be due to a large-scale presence of mammoth players in the countries such as Canada and the U.S. Product innovations and demand for acoustic insulation will favorably leverage the growth of the market in the region.

Asia-Pacific ceiling tiles industry is set to register the fastest CAGR in the forthcoming years owing to a rise in the spending of consumers in construction activities. Surge in the refurbishment activities in the Southeast Asian countries will further prop up the industry expansion in the region.

Ceiling Tiles Market: Competitive Space

The global ceiling tiles market profiles key players such as:

• BYUCKSAN
• AWI Licensing LLC
• Knauf Gips KG
• Odenwald Faserplattenwerk GmbH
• Saint-Gobain Gyproc
• ROCKWOOL International A/S
• Hunter Douglas
• HIL Limited
• KET Ceilings
• USG Corporation
• SAS International

The global ceiling tiles market is segmented as follows:

By Material Type

• Mineral Fiber
•  Metal
• Gypsum
• Others

By Property Type

• Acoustic
• Non-Acoustic

By End-User

• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa