Global Ceiling Tiles Market Is Likely To Grow At A CAGR Value Of Around 5.8% By 2028

The Ceiling Tiles Market was worth around USD 7,234.5 billion in 2021 and is estimated to grow to about USD 10,146.6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.8 percent over the forecast period. The report analyzes the Ceiling Tiles Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Ceiling Tiles Market. 

Growth in the commercial construction sector, driven by the construction of new office complexes, institutional buildings, healthcare facilities, and shopping malls throughout the world, is expected to enhance the market. In addition, the market is predicted to grow in response to rising demand for acoustic and thermal insulation, rising disposable income in developing nations, and shifting consumer preferences toward the aesthetics of the house and office structures. The usage of sustainable and innovative construction solutions, including the use of eco-friendly materials for ceilings, floors, and walls, is expected to improve market dynamics throughout the forecast period. Several big and small-scale raw material providers for mineral fibers, metals, gypsum, fiberglass, plastics, and wood are present in the market. Manufacturers use backward and forward integration strategies to gain control over the quality of raw materials used to build tiles, as well as to expand their consumer reach by controlling distribution networks. The industry is predicted to increase significantly as a result of various businesses' investments in the creation of ceiling tiles with strong fire-resistant capabilities. This is due to rising trends in the safe development of residential, commercial, and industrial complexes. Green construction methods are expected to be promoted in developed economies as there is a growing awareness of the use of eco-friendly building materials. Additionally, leading players' increasing use of reuse and recycling of building materials is likely to drive market expansion in the future years. Moreover, changes in consumer preferences in commercial space designs, as well as emerging demands for soundproof interiors, are expected to boost the use of mineral wool-based ceiling tiles in the country.

The Ceiling Tiles Market is segregated based on Material Type, Property Type, and End User. Based on Material Type, the global market is distinguished into Mineral Fiber, Metal, Gypsum, and Others. Based on Property Type, the global market is distinguished into Acoustic and Non-Acoustic. Based on End User, the global market is distinguished into Residential and Non-Residential.

North America led the market and accounted for the largest share of global revenue in the forecast period due to significant product adoption in the non-residential building industry. Technological advancements in this industry, together with an increased need for superior thermal and acoustic insulation, are likely to play a significant part in the region's rising product demand. The expansion of the residential industry, particularly single-family housing, will be a major driver of market growth in the coming years.  The United States accounted for a sizable share in North America during the forecast period, owing to rising consumer preferences for home renovations and increased adoption of soundproof and decorative interior materials in a variety of commercial buildings such as business centers, malls, clubs, and restaurants. The Asia Pacific demand is predicted to grow at a rapid pace due to increased consumer disposable income in various developing countries in the region, which would lead to the adoption of modern construction practices. Product demand is predicted to be driven by factors such as urbanization, population growth, and renovation operations in cultural and commercial spaces to improve their aesthetical and acoustical features over the forecast period.

Key players functioning in the Ceiling Tiles Market include Armstrong World Industries (US), USG Corporation (US), Hunter Douglas (Netherlands), SAS International (UK), CertainTeed (US), Rockfon (Denmark), Odenwald Faserplattenwerk GmbH (Germany), Knauf (Germany), Saint-Gobain Gyproc (France), and Georgia-Pacific (US)

Recent developments:

• In 2021, Saint-Gobain Gyproc has announced the opening of a ceiling tile manufacturing factory in India. The 21,000-square-foot facility is conveniently placed to service the gypsum ceiling tile industry in India while reducing carbon footprint and material availability.

Browse the full “Ceiling Tiles Market By Material Type (Mineral Fiber, Metal, Gypsum, and Others). By Property Type (Acoustic and Non-Acoustic). By End User (Residential and Non-Residential)..” Report at https://www.zionmarketresearch.com/report/ceiling-tiles-market

The 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
• Non-Residential

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

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