Global Ceiling Tiles Market Information Report, By Product (Mineral Wool, Metal, Gypsum, Wood and Others), By Installation Type (Drop In, and Glue Up), By Application (Residential and Non-residential) and By Region - Forecast To 2023
Pune, India -- (SBWIRE) -- 12/14/2017 -- Market research future published a half cooked research report on Global Ceiling Tiles Market.
The increase in the home improvement and the renovation projects in developed countries are driving huge opportunities for the growth of the market. Ceiling tiles are generally used everywhere such as the retail store, offices, hospitals, building perimeter, hotels, and transportation terminals. Growing demand for decorative interior and low maintenance building products, is also expected to generate growth for the market. However, availability of substitutes and fluctuating prices of raw material, may restrict the growth of the market.
The Ceiling Tiles Market is expected to grow at the CAGR of around 8.2% during the period 2017 to 2023
North America region dominates the global Ceiling tiles market
Geographically, the global ceiling tiles market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. North America region, has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. Increasing demand for low maintenance building products, is driving the growth of the market in North America region. U.S. is the largest contributor in global as well as North America ceiling tiles market. Strong development commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region. Additionally, consumer preference for green buildings and sustained investments in commercial real estate, have also had positive influence on the growth of the market. Europe is the second-largest market for ceiling tiles. Increasing repair and rehabilitation activities of existing infrastructure. create huge potential demand for market in coming years.
Asia Pacific is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and Singapore are the major market in Asia Pacific region. Growing residential and non-residential construction activities in the region, are driving the growth of the market. Additionally, growing awareness about green construction among the consumers is also expected to provide a lucrative opportunities for market growth. In rest of the world, Middle East region is expected to contribute significantly during the forecast period mainly due to changing lifestyle and development of the hotels. This is due to the increasing government initiatives regarding the tourism industry in these regions.
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The Prominent Players in the ceiling tiles market include
- Armstrong World Industries, Inc. (U.S.),
- Knauf (Germany),
- Grenzebach BSH GmbH (Germany),
- Rockfon (U.S.),
- USG Corporation (U.S.),
- Saint Gobain S.A. (France),
- SAS International (U.K.),
- Odenwald Faserplattenwerk GmbH (Germany),
- Hunter Douglas (The Netherlands),
- Burgess CEP (U.K.).,
- Decorative Ceiling Tiles, Inc. (U.S.),
- VANS Gypsum Pvt Ltd (India),
- The ReWall Company, LLC (U.S.).
Market Research Analysis
For this study, the global ceiling tiles market has been divided, based on products, installation types and applications. On the basis of products, the market has been segmented as mineral wool, metal, gypsum, wood and others. Among products, mineral wool accounted for the largest market share. Mineral wool includes fibers derived from slag, rock, and glass wool. These have noise reduction characteristics and are highly utilized in commercial spaces that are exposed to noisy surroundings. Gypsum is the second largest product type of the market. Now a days, new eco-friendly gypsum based construction materials have come up, which are expected to fuel the demand of the gypsum product. Based on installation type, the market has been segmented as drop in, and glue up. In glue up, ceiling tiles are attached, directly to a ceiling surface using adhesive.
On the basis of application, the market has been segmented as residential and non-residential. Non-residential dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Ceiling tiles are installed in numerous sub-applications within the non-residential construction sector, in corporate offices, healthcare centers, retail & grocery stores, and educational institutions. They are also installed in cafeterias, hotels, gymnasiums, and airport terminals. Residential is the second largest application segment of the market. Non-residential application is expected to contribute significantly during the forecast period.
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Table of Content
1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Ceiling Tiles Market, By Product
4.2 Mineral Wool
5 Global S Market, By Installation Type
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