Ceiling tiles market – Booming construction sector bolsters Growth

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The global market for ceiling tiles is a medley of a large number of medium, large, and small-sized companies, says Transparency Market Research (TMR) in a new report. The leading four names in the market, Armstrong World Industries Inc., USG Corporation, Saint-Gobain S.A., and Knauf held 33.9% of the overall market in 2015 on account of their unwavering winning strategies. This includes consistent product innovation and use of technology for improvements in existing products. To further boost their market presence, these companies are engaged in the development of environmentally sustainable products.

As per the report by TMR, the global ceiling tiles market is projected to reach a valuation of US$51.3 bn until the end of 2024, considerably up from its evaluated value of US$21.6 bn in 2015. The global ceiling tiles market is expected to rise at a CAGR of 10.1% for the forecast period between 2016 and 2024.

North America is expected to lead amongst other key regional segments in the ceiling tiles market. The region is expected to hold a share of 31.8% by the end of 2024. In terms of product, the segment of mineral wool is expected to display substantial growth expanding at a CAGR of 10.2% between 2016 and 2024. The growth of this segment is mainly because of environmentally sustainable new construction undertakings in developed as well as developing economies.

Environmental Benefits of Ceiling Tiles over Conventional Products Boost Uptake

Due to rampant industrialization and urbanization, construction activities have received a boost across the world. In particular, large investments for infrastructural development in emerging economies of Asia Pacific and South America is leading to a large number of construction undertakings. These factors are directly influencing the demand for ceiling tiles on account of cost and other advantages such as acoustics and thermal insulation. Therefore, ceiling tiles are best suited for low-cost accommodations that are designed for low-income group individuals.

Some other factors stoking growth of the ceiling tiles market are rising GDPs, increasing disposable incomes, demand for better designs and aesthetics, and improved standard of living. At present, ceiling tiles find applications in residential, non-residential, and industrial spaces as these tiles are recyclable. Due to the advantage of reducing carbon footprint, ceiling tiles are increasingly being adopted for environmentally sustainable construction in place of conventional ones. Amongst several types of ceiling tiles, mineral wool ceiling tiles are anticipated to garner significant market share due to their low cost advantage to landfills. Thus, they provide a sustainable solution for waste management over other products.

Availability of Par Excellence Substitutes Challenges Growth

However, the growth of the global ceiling tiles market is restrained due to several factors. The availability of substitutes such as asphalt and mortar that have been identified to be at par with ceiling tiles is expected to hamper the market’s growth. Furthermore, fluctuating raw material prices is challenging the growth of ceiling tiles market. For instance, prices of mineral wool and gypsum have been consistently rising since 2012, which has negatively impacted the cost of ceiling tiles.

The global ceiling tiles market is segmented as follows:

Ceiling Tiles Market – Product Analysis

  • Mineral Wool
  • Metal
  • Gypsum
  • Others

Ceiling Tiles Market – Application Analysis

  • Residential
  • Non-residential
  • Hospitality
  • Commercial
  • Institutional
  • Industrial

The review presented is based on the findings of a report by Transparency Market Research, titled “Ceiling Tiles Market (Product – Mineral Wool, Metal, and Gypsum; Application – Residential, Non-residential, Industrial, Hospitality, Commercial, and Institutional) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.

John Des is a market research analyst. He is conducting in-depth data analyses using traditional and advanced methods to build a detailed database for understanding the target market and industry.

Ceiling Tiles Market Size, Share, Growth, Trends and Forecasts To 2024

Global Ceiling Tiles Market: Snapshot

 

Ceiling tiles, also known as ceiling panels, are sound absorbing and lightweight construction materials which are used to cover a ceiling area. These lightweight tiles are used in the interior of buildings, placed in an aluminum grid for the primary purpose of enhancing the acoustics of a room, besides providing thermal insulation. Different types of ceiling tiles are manufactured in the industry such as mineral wool ceiling tiles, metal ceiling tiles and gypsum ceiling tiles. Based on application ceiling tiles are employed in residential, non-residential and industrial application.

This 178 page report gives readers a comprehensive overview of the Ceiling Tiles market Browse through 57 data tables and 85 figures to unlock the hidden opportunities in this market.

http://www.transparencymarketresearch.com/ceiling-tiles-market.html

 

The report estimates and forecasts the ceiling tiles market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (million square meters) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. The study includes drivers and restraints for the ceiling tiles market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the ceiling tiles market on the global and regional level. Furthermore, the report analyzes substitutes of ceiling tiles. It also provides the global average price trend analysis.

The report includes Porter’s Five Forces Model to determine the degree of competition in the ceiling tiles market. The report comprises a qualitative write-up on market attractiveness analysis, wherein product, application and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market.

Global Ceiling Tiles Market: Segmentation

 

The study provides a comprehensive view of the ceiling tiles market by dividing it into product, application and geography. In terms of product, the ceiling tiles market has been segmented into mineral wool, metal, gypsum and others. In terms of application, the ceiling tiles market has been segmented into residential, non-residential and industrial. The non-residential segment has been further bifurcated into hospitality, commercial and institutional. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated in terms of volume (million square meters) and revenue (US$ Mn) between 2016 and 2024.

Global Ceiling Tiles Market: Scope

 

In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

Global Ceiling Tiles Market: Geographical Outlook

 

Regional segmentation includes the current and forecast demand for ceiling tiles in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for product and application segments. Key countries such as the U.S., Canada, Mexico, Germany, France, the U.K., Spain, Italy, India, China, South Africa, and Brazil have been included in the study. Market segmentation includes demand for individual product and application in all the regions and countries.

Key Players Mentioned in this Report are:

 

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Armstrong World Industries, Inc., New Ceiling Tiles, LLC, Saint-Gobain S.A., SAS International, USG Corporation, Knauf, Techno Ceiling Products, ROCKFON, MADA GYPSUM, and Odenwald Faserplattenwerk GmbH. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Get accurate market forecast and analysis on the Ceiling Tiles market. Request a sample to stay abreast on the key trends impacting this market.

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The ceiling tiles market has been divided into the following segments:

 

Ceiling Tiles Market – Product Analysis

  • Mineral Wool
  • Metal
  • Gypsum
  • Others

 

Ceiling Tiles Market – Application Analysis

  • Residential
  • Non-residential
  • Hospitality
  • Commercial
  • Institutional
  • Industrial

 

Ceiling Tiles Market – Regional Analysis

 

North America

  • S.
  • Canada
  • Mexico

Europe

  • France
  • K.
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific (APAC)

Latin America

  • Brazil
  • Rest of Latin America (LATAM)

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa (MEA)

 

 

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

 

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