Ceiling Tiles Market by Material Type (Mineral Fiber, Metal and Gypsum), Property Type (Acoustic and Non-Acoustic), End User (Residential and Non-Residential), and Region (NA, EU, APAC, MEA, and SA)-Global Forecast to 2022
Northbrook, IL, United States -- (SBWIRE) -- 03/05/2018 -- The growth of the ceiling tiles market can be attributed to the increasing use of ceiling tiles in construction activities, owing to their exceptional properties, such as aesthetic appeal, sound absorption, fire resistance, and moisture resistance.
Based on material type, the mineral fiber segment of the ceiling tiles market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume.
Mineral fiber ceiling tiles include stone wool, glass wool, wet felted mineral wool, and mineral wool tiles. These ceiling tiles are available at low costs and are easy to install, repair, and maintain. Mineral fiber ceiling tiles are made available in various sizes, colors, and textures. They are recyclable in nature and are used in various non-residential applications, such as offices, institutions, hospitals, and retail stores. The increasing applicability of mineral fiber ceiling tiles, owing to their superior properties, is projected to drive the growth of the mineral fiber segment of the ceiling tiles market.
To know about the assumptions considered for the study,download PDF brochure https://www.marketsandmarkets.com/pdfdownload.asp?id=65818677
The non-residential end user segment is projected to lead the ceiling tiles market during the forecast period, in terms of value and volume.
Ceiling tiles are increasingly used in residential and non-residential buildings. The non-residential end user segment is projected to lead the ceiling tiles market between 2017 and 2022 both, in terms of value and volume. Advantages of ceiling tiles include visual attractiveness, sound blocking, sound absorption, and easy installation. Ceiling tiles also offer several other benefits, such as moisture absorption, fire resistance, and durability, which, in turn, is contributing to the increased demand for ceiling tiles in the building & construction industry.
North America is estimated to be the largest market for ceiling tiles in 2017, in terms of value.
North America is estimated to be the largest market for ceiling tiles in 2017. The growth of the North American ceiling tiles market can be attributed to the expansion of the building & construction industry and presence of well-established ceiling tiles manufacturers, such as Armstrong World Industries (US), in this region. Additionally, increase in the number of residential and non-residential construction activities in various North America countries is contributing to the growth of the North American ceiling tiles market.
For more information https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=65818677
Key players operating 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).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441