The global ceiling tiles market is foreseen to reflect an impressive 9.5% value CAGR through the period of forecast, 2017 to 2026.
Rockville, MD -- (SBWIRE) -- 06/14/2019 -- Decorative interior & exterior trends in the construction market have made it imperative for the adoption of innovative printing & designing technologies in building materials industry. In recent years, there is a widespread adoption of ceiling tiles in interior owing to its ability to enhance acoustic aesthetics and insulation.
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In addition, acoustic insulation has been playing a crucial part in the demand for ceiling tiles, with technological advancement resulting in increased usage of ceiling tiles. Ceiling tiles are manufactured by using naturally present raw materials which are available in large amount & are renewable. Banking on this factor, the product cost of ceiling tiles has significantly reduced, allowing vendors to sell them at inexpensive prices. Moreover, the presence of thermal mass in certain type of ceiling tiles helps to absorb daytime heat which is released in the room at night, which helps consumers to reduce their overall cost for lighting, cooling, and heating.
Besides saving costs and energy, ceiling tiles provides exceptional interior finish to residential and commercial buildings, rendering them aesthetically appealing. Recently, decorative PVC ceiling panels have witnessed huge popularity owing to its higher reliability, increased lifespan, and termite resistance. This, in turn, has boosted their demand in construction segment. These ceiling panels are available in different patterns and colors and are strong, lightweight, easy to handle & install, which reduces the need for the requirement of special tools.
Major key players in the ceiling tiles market are introducing application-specific and advanced products so as to maintain their foothold in the market and gain a competitive edge over their rivals. For instance, recently, Rockfon had introduced a novel ceiling tile which is produced of stone wool suitable for live performances, filming, and music. They have launched their latest offering under the brand name – Cinema Black, for using it in commercial spaces such as restaurants, auditoriums, and theaters.
Ceiling Tiles Market: Overview
The ceiling tiles market has been analyzed in a comprehensive manner to offer definitive forecast information on the market for the period 2017-26. This report is a detailed accumulation of a thorough overview of ceiling tiles market and examines the industry in terms of micro and macro-economic determinants, market dynamics that build market growth, and enlightening on other essential factors that guide future opportunities of the market trajectory.
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The market research report's primary aim is to provide clients with sufficient competitive benefit & hints on market entry restrictions, depending on which potential entrants and key players can drive profitable investment discretion. To help the clients in comprehending the study, research study is methodically categorized into comprehensive parts.
Ceiling Tiles Market: Competitive Landscape
This section of the research study provides a comprehensive section on leading players in ceiling tiles market. Dashboard view of every single of the mentioned profiles complete with comprehensive information of their respective SWOT analysis along with thorough study of their product portfolio, contribution to the market and recent advancements have been mentioned to help the clients in comprehending about the competition field.
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