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Ceiling Tiles Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
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Ceiling Tiles Market
1. Ceiling Tiles Market: An Overview
The global ceiling tiles market is expected to reach USD 60.24 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 5.6% over the forecast period. Increasing construction activities and rapid industrialization in developing economies are expected to drive the market over the forecast period.

Ceiling tiles are used in commercial, industrial, and residential applications. They offer several advantages such as acoustical properties, fire resistance, easy installation, and low maintenance. Ceiling tiles are available in a wide range of materials such as mineral fiber, gypsum, metal, and glass fiber.

The commercial application segment accounted for the largest share of the overall market in 2016 and is expected to retain its leading position over the forecast period. The segment is anticipated to grow at a CAGR of 5.9% from 2017 to 2025. The industrial application segment is expected to be the second-largest contributor to the market and is projected to grow at a CAGR of 5.4% over the forecast period.

The Asia Pacific ceiling tiles market is expected to grow at the highest CAGR of 6.4% from 2017 to 2025. The region is anticipated to be the largest market for ceiling tiles owing to the increasing construction activities and rapid industrialization in developing countries such as China, India, and South Korea.

The North American ceiling tiles market is expected to grow at a moderate rate over the forecast period. The U.S. is the major contributor to the regional market growth owing to the presence of major ceiling tiles manufacturers in the country.

Some of the key players operating in the global ceiling tiles market include USG Corporation, Armstrong World Industries, Inc., CertainTeed Corporation, Knauf AMF, Rockfon, Odenwald Faserplattenwerk GmbH, and SAS International.

2. Ceiling Tiles Market: Key Trends
The construction industry is growing at a rapid pace globally. This is attributable to the increasing demand for construction of new residential and commercial buildings. The ceiling tiles market is expected to grow in sync with the construction industry. Some of the key trends that are currently driving the ceiling tiles market are as follows:

1. Increasing preference for acoustic ceiling tiles: There is an increasing preference for acoustic ceiling tiles, especially in office spaces and educational institutions. Acoustic ceiling tiles help in reducing noise levels and echo, thereby creating a more conducive environment for work and study.

2. Growing demand for fire-resistant ceiling tiles: Fire-resistant ceiling tiles are gaining popularity in both commercial and residential spaces. These ceiling tiles offer superior protection against fire and are thus, ideal for use in areas where there is a high risk of fire.

3. Use of sustainable materials: Sustainable materials are being increasingly used in the manufacturing of ceiling tiles. These materials help in reducing the carbon footprint of the building and also offer other environmental benefits.

4. Technological innovations: Technological innovations are helping ceiling tile manufacturers offer better products to their customers. Some of the latest innovations in the ceiling tiles market include the use of LED lights and the development of self-cleaning ceiling tiles.

The ceiling tiles market is expected to grow at a healthy rate in the coming years, owing to the above-mentioned trends.

3. Ceiling Tiles Market: Segmentation
The ceiling tiles market is segmented based on type, material, end-use, and region.

On the basis of type, the ceiling tiles market is classified into mineral fiber, metal, gypsum, and acoustical. The mineral fiber segment is anticipated to grow at the highest CAGR from 2018 to 2023. The flexibility in design, color, and pattern offered by mineral fiber ceiling tiles is anticipated to fuel the growth of this segment during the forecast period.

On the basis of material, the ceiling tiles market is split into fiberglass, calcium sulfate, wood fiber, and perlite. The fiberglass segment is expected to grow at the highest CAGR during the forecast period. Fiberglass is a lightweight material with good strength and stiffness. It is also resistant to fire and water, which makes it an ideal material for ceiling tiles.

The ceiling tiles market is categorized into residential, commercial, and industrial based on end-use. The commercial segment is expected to grow at the highest CAGR during the forecast period. The growth of the commercial segment is attributed to the increasing construction of office spaces, retail outlets, and hospitality sector.

The ceiling tiles market is analyzed across four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). The Asia Pacific region is expected to grow at the highest CAGR from 2018 to 2023. The growth in the Asia Pacific region is attributed to the increasing construction activities in countries, such as China, India, and Japan.

Some of the major players operating in the ceiling tiles market are Armstrong World Industries (US), USG Corporation (US), Knauf AMF (Germany), CertainTeed (US), Rockfon (Denmark), Odenwald Faserplattenwerk (Germany), Hunter Douglas (Netherlands), Saint-Gobain (France), and Chicago Metallic Corporation (US).

4. Ceiling Tiles Market: Competitive Landscape
The global ceiling tiles market is highly competitive. The key players in the market are focusing on strategies such as mergers and acquisitions, and product launches to gain a competitive edge in the market. The leading players in the market are USG Corporation (US), Armstrong World Industries, Inc. (US), Knauf AMF (Germany), Odenwald Faserplattenwerk GmbH (Germany), and Saint-Gobain (France).

The other players in the ceiling tiles market include CertainTeed Corporation (US), Rockfon (Denmark), Hunter Douglas N.V. (Netherlands), British Gypsum (UK), Boral Limited (Australia), and Kingspan Group plc (Ireland).

USG Corporation (US) is one of the leading players in the ceiling tiles market. The company offers a wide range of ceiling tiles under the brands USG Donn, USG Boral, and USG Interiors. The company has a strong presence in North America and Asia Pacific.

In October 2017, USG Corporation completed the acquisition of L&W Supply Corporation (US), a US-based distributor of construction materials. The acquisition is expected to help the company to expand its product portfolio and customer base.

Armstrong World Industries, Inc. (US) is another leading player in the ceiling tiles market. The company offers a wide range of ceiling tiles under the brands Armstrong, USG Boral, and CertainTeed. It has a strong presence in North America and Europe.

In February 2017, Armstrong World Industries, Inc. completed the acquisition of Continental Building Products, Inc. (US), a US-based manufacturer of gypsum wallboard and cement board. The acquisition is expected to help the company to expand its product portfolio and customer base.

Knauf AMF (Germany) is one of the leading players in the ceiling tiles market. The company offers a wide range of ceiling tiles under the brands Knauf, Gyptone, and Perforated. It has a strong presence in Europe and Asia Pacific.

In October 2017, Knauf AMF completed the acquisition of Rigips (Germany),

5. Ceiling Tiles Market: Future Outlook
The future outlook for the ceiling tiles market is positive, with a projected CAGR of 5.5% from 2019 to 2025. This growth is primarily attributed to the increasing demand for ceiling tiles from the construction industry. Ceiling tiles are widely used in commercial and residential buildings due to their aesthetic appeal and acoustic properties. In addition, ceiling tiles offer a number of benefits such as fire resistance, thermal insulation, and soundproofing, which are expected to drive the market growth over the forecast period.

The Asia-Pacific region is expected to be the fastest-growing market for ceiling tiles, with a CAGR of 6.5% from 2019 to 2025. This growth is attributed to the increasing construction activities in the region. China and India are the major contributors to the market growth in the region, due to the increasing government investment in the construction sector.

The major players in the ceiling tiles market include Armstrong World Industries, Inc., Saint-Gobain, Knauf Insulation, CertainTeed Corporation, Kingspan Group plc, and Rockfon.

LIST OF KEY COMPANIES PROFILED:

    • Armstrong World Industries (U.S.)
    • ROCKWOOL International A/S (Denmark)
    • Knauf Gips KG (Germany)
    • Saint – Gobain Gyproc (France)
    • USG Corporation (U.S.)
    • CertainTeed (U.S.)
    • Odenwald Faserplattenwerk GmbH (Germany)
    • SAS International (U.K.)
    • Georgia-Pacific (U.S.)
    • Hunter Douglas (Netherlands)
    • Other Key Players

Segmentation

 

 ATTRIBUTES 

 

 

DETAILS     

 

 

Study Period

 

 

2017-2028

 

 

Base Year

 

 

2020

 

 

Estimated Year

 

 

2021

 

 

Forecast Period

 

 

2021-2028

 

 

Historical Period

 

 

2017-2019

 

 

Unit

 

 

Value (USD Billion); Volume (Mn Sq. Mt.)

 

 

Segmentation

 

 

By Material Type, By Application, and By Geography

 

 

By Material Type

 

 

 

 

    • Mineral Wool
    • Metal
    • Gypsum
    • Others
 

By Application

 

 

 

 

    • Residential
    • Non-residential
 

By Geography

 

 

    • North America (By Material Type, By Application, By Geography)
        • U.S. (By Application)

       

        • Canada (By Application)

       

    • Europe (By Material Type, By Application, By Geography)
        • Germany (By Application)

       

        • France (By Application)

       

        • UK (By Application)

       

        • Italy (By Application)

       

        • Spain (By Application)

       

        • Rest of Europe (By Application)

       

    • Asia Pacific (By Material Type, By Application, By Geography)
        • China (By Application)

       

        • Japan (By Application)

       

        • India (By Application)

       

        • South Korea (By Application)

       

        • Rest of Asia Pacific (By Application)

       

    • Latin America (By Material Type, By Application, By Geography)
        • Brazil (By Application)

       

        • Rest of Latin America (By Application)

       

    • The Middle East & Africa (By Material Type, By Application, By Geography)
        • Saudi Arabia (By Application)

       

        • South Africa (By Application)

       

        • Rest of Middle East & Africa (By Application)

       

 

By Material Type

 

 

 

 

    • Mineral Wool
    • Metal
    • Gypsum
    • Others
 

By Application

 

 

 

 

    • Residential
    • Non-residential
    • Armstrong World Industries (U.S.)
    • ROCKWOOL International A/S (Denmark)
    • Knauf Gips KG (Germany)
    • Saint – Gobain Gyproc (France)
    • USG Corporation (U.S.)
    • CertainTeed (U.S.)
    • Odenwald Faserplattenwerk GmbH (Germany)
    • SAS International (U.K.)
    • Georgia-Pacific (U.S.)
    • Hunter Douglas (Netherlands)
    • Other Key Players

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