Ceiling Tiles Market – Industry Analysis and Forecast (2019-2027) _ by Material Type, by Property Type, by End User and by Geography

The Global Ceiling Tiles Market is expected to reach US $10.22 billion by 2027, thanks to growth in the non-residential segment. The report analyzes ceiling tiles market dynamics by region and applications.

Global Ceiling Tiles Market Overview:

The global ceiling tiles market was valued at US $5.55 Bn. in 2020, and it is expected to reach US $10.22 Bn. by 2027 with a CAGR of 9.15% during the forecast period. Growth in the commercial construction industry is likely to support the market, with new office complexes, institutional buildings, healthcare facilities, and malls being built all over the world. With growing need for acoustic and thermal insulation, rising disposable income in developing nations like India, Vietnam, and others, and varying consumer choices for house and office building designs, the market is likely to grow. Over the forecast period, the use of sustainable and creative building solutions incorporating the use of eco-friendly materials for ceilings, floors, and walls is likely to influence market dynamics. Global Ceiling Tiles Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Ceiling Tiles Market Dynamics:

Biodegradable Gypsum Tiles: In comparison to commercially consumed gypsum-based ceiling tiles, biodegradable bagasse gypsum ceiling tiles offer substantially higher flexural strength, superior moisture resistance, and equivalent flammability. Bamboo and coir, two bio-based sustainable materials, are being used in both indoor and outdoor applications. Gypsum board recycling is commonly available, but the key issue is that the anaerobic breakdown of gypsum can release toxic gases such as hydrogen sulphide. Biodegradable bagasse gypsum, on the other hand, has the properties to offset the negative consequences of traditional gypsum board. Ceiling Tiles with A Functional Edge: Apart from its aesthetic appeal, manufacturers are increasing the functioning of ceiling tiles. Ceiling grid systems that can carry low-voltage electrical current can be included in high-functioning ceiling tiles. This functional edge in the ceiling tiles is expected to drive market growth over the forecast period. Ceiling Tiles Are Affected By Environmental Factors: Despite having the ideal ceiling tile type for the room, tiles are affected by the environment. The majority of acoustical ceiling panels are intended to be used in regular occupancy temperatures with a maximum relative humidity of 70%. Humidity and temperature, on the other hand, have an impact on tiles and can surpass the relative humidity values. Humidity-resistant panels, which are specifically engineered to endure greater humidity levels and avoid sinking, can help to reduce the environmental effect. Key Trends: • The non-residential market's domination enhances pandemic-related losses in 2020. Because the majority of ceiling tiles are used in nonresidential buildings, the COVID-19 outbreak had a negative influence on the nonresidential ceiling tile trade, particularly in the United States. Social distance and lockdown measures had an impact on both where and how workers went about their tasks around the world; they also disrupted supply and demand patterns, producing financial insecurity for many business owners. The ceiling tile market is expected to bounce back strongly, especially in the Asia/Pacific region and Europe, as construction activity is expected to grow at a healthy rate of xx% through 2025, particularly in new applications in the Asia/Pacific region, despite price increases and expanding renovation activity in the US. • In Asia Pacific, non-residential building design trends are gradually embracing ceiling tiles. Ceiling tiles are likely to continue to replace drywall and building plaster in nonresidential buildings thanks to global design trends endorsing improved acoustics and aesthetics, particularly in developing Asia/Pacific countries such as China, India, and Indonesia, where nonresidential construction is expected to grow rapidly. Also, as mineral fiber ceiling tiles are increasingly used in both new and renovation nonresidential construction applications in South Korea, the country's growing commercial development is expected to drive growth: o South Korea is expected to attain mineral fibers tile demand levels in a volume comparable to those in Russia, the world's second-largest buyer of these materials after the United States, by 2025. o However, thanks to the usage of considerably higher quality tiles, South Korea is likely to significantly outperform the Russian market in terms of value.

Global Ceiling Tiles Market Segment Analysis:

Based on Product, the ceiling tiles market is segmented as, powdered mineral wool, metal, gypsum, and others. In 2020, the mineral wool segment was dominant and held almost 42% of the overall market share in terms of revenue. This is thanks to enhanced properties such as reduced weight, acoustic insulation, recyclability, and thermal insulation, which have led to increased product usage in a variety of end-use sectors. Tin, aluminum, and steel are the most often used metals in production, and they come in a variety of hues and provide a clean, high-tech, and crisp interior display. Powder-coated metal ceiling tiles possess better shine and are more corrosion resistant, which is expected to uplift the need for ceiling tiles during the forecast period. Global Ceiling Tiles MarketBased on Application, the ceiling tiles market is segmented as follows, non-residential, residential, and industrial. In 2020, the non-residential segment was dominant and held almost 92% of the overall market in terms of revenue. This can be related to the fast-increasing commercial building construction activity all around the world. Over the forecast period, investments in the non-residential building industry in numerous developing nations such as India, Brazil, and South Korea are expected to drive market expansion. Ceiling tiles are commonly used in medical hallways, corridors, operation theatres, diagnostic centers, and clinics in a variety of commercial settings such as hospitality, healthcare, and retail. These tiles are primarily used to enhance the looks of commercial and cultural structures as well as their thermal and acoustic insulation capabilities.

Global Ceiling Tiles Market Regional Insights:

In 2020, because of significant product adoption in the non-residential building industry, North America led the market and accounted for roughly 34% of worldwide revenue. Technological advancements in this field, together with the growing need for superior thermal and acoustic insulation, are likely to drive up product demand in the region. Thanks to widening consumer preferences for home renovations and increased adoption of soundproof and beautiful interior materials in commercial buildings such as business centers, malls, clubs, and restaurants, the United States accounted for a large market in North America in 2020. The residential sector's expansion, particularly in a single-family dwelling, is likely to be a key driver of market development over the forecast period. In 2020, Europe accounted for a significant portion of the market, and it is expected to grow at a CAGR of 7.21% over the forecast period. This is owing to the presence of a well-settled construction sector in the region, which is having sustainable construction technologies, which is driving up a need for ceiling tiles. Thanks to increased consumer disposable income in various emerging nations in the region, demand in the Asia Pacific is anticipated to grow at a CAGR of 10.32%, resulting in the adoption of new construction technologies. Product demand is likely to be driven by factors such as urbanization, population growth, and renovation activities in cultural and commercial spaces to improve their design and acoustic features over the forecast period. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Ceiling Tiles Market Scope: Inquire before buying

Global Ceiling Tiles Market

Global Ceiling Tiles Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Ceiling Tiles Market Key Players

• USG Corporation • Knauf Gips KG • Rockwool International A/S • Odenwald Faserplattenwerk GmbH • Saint-Gobain Gyproc • SAS International • Byucksan • HIL Limited • Hunter Douglas • KET Ceilings • Armstrong Worldwide Industries Inc. • New Ceiling Tiles LLC • Haining Shamrock • Techno Ceiling Products • Mada Gypsum • Others Frequently Asked Questions: 1. What is the forecast period considered for the Ceiling Tiles market report? Ans. The forecast period for the global ceiling tiles market is 2021-2027. 2. Which key factors are hindering the growth of the Ceiling Tiles market? Ans. The ceiling tiles are affected by environmental factors is the only key factor expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Ceiling Tiles market for the next 6 years? Ans. The global ceiling tiles market is expected to grow at a CAGR of 9.15% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Ceiling Tiles market? Ans. The increasing construction activities post-pandemic along with the substantial growth in the non-residential application segment is key factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Ceiling Tiles market report? Ans. USG Corporation, Knauf Gips KG, Rockwool International A/S, Odenwald Faserplattenwerk GmbH, Saint-Gobain Gyproc, SAS International, Byucksan, HIL Limited, Hunter Douglas, KET Ceilings, Armstrong Worldwide Industries Inc., New Ceiling Tiles LLC, Haining Shamrock, Techno Ceiling Products, Mada Gypsum, and Others.
1. Global Ceiling Tiles Market: Research Methodology 2. Global Ceiling Tiles Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Ceiling Tiles Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Ceiling Tiles Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Ceiling Tiles Market Segmentation 4.1. Global Ceiling Tiles Market, by Product (2020-2027) • Mineral Wool • Metal • Gypsum • Others 4.2. Global Ceiling Tiles Market, by Application (2020-2027) • Non-Residential • Residential • Industrial 5. North America Ceiling Tiles Market (2020-2027) 5.1. Global Ceiling Tiles Market, by Product (2020-2027) • Mineral Wool • Metal • Gypsum • Others 5.2. Global Ceiling Tiles Market, by Application (2020-2027) • Non-Residential • Residential • Industrial 5.3. North America Ceiling Tiles Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Ceiling Tiles Market (2020-2027) 6.1. European Ceiling Tiles Market, by Product (2020-2027) 6.2. European Ceiling Tiles Market, by Application (2020-2027) 6.3. European Ceiling Tiles Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Ceiling Tiles Market (2020-2027) 7.1. Asia Pacific Ceiling Tiles Market, by Product (2020-2027) 7.2. Asia Pacific Ceiling Tiles Market, by Application (2020-2027) 7.3. Asia Pacific Ceiling Tiles Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Ceiling Tiles Market (2020-2027) 8.1. The Middle East and Africa Ceiling Tiles Market, by Product (2020-2027) 8.2. The Middle East and Africa Ceiling Tiles Market, by Application (2020-2027) 8.3. The Middle East and Africa Ceiling Tiles Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Ceiling Tiles Market (2020-2027) 9.1. Latin America Ceiling Tiles Market, by Product (2020-2027) 9.2. Latin America Ceiling Tiles Market, by Application (2020-2027) 9.3. Latin America Ceiling Tiles Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. USG Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Knauf Gips KG 10.3. Rockwool International A/S 10.4. Odenwald Faserplattenwerk GmbH 10.5. Saint-Gobain Gyproc 10.6. SAS International 10.7. Byucksan 10.8. HIL Limited 10.9. Hunter Douglas 10.10. KET Ceilings 10.11. Armstrong Worldwide Industries Inc. 10.12. New Ceiling Tiles LLC 10.13. Haining Shamrock 10.14. Techno Ceiling Products 10.15. Mada Gypsum 10.16. Others

About This Report

Report ID1841
Category Material & Chemical
Published DateAug2019
Updated DateNov 2021
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