According to a new report by Expert Market Research, the global ceiling tiles market reached a value of US$ 25 Billion in 2018 and is further expected to reach US$ 37 Billion by 2024.
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Ceiling tiles have long been known as lightweight construction materials that are used to cover unattractive wires and pipes in the ceiling area. Not only do they play a special role in interior design, they add a sense of integrity in the space as well. Ceiling tiles also possess a number of distinct properties. They are fire resistant, impact resistant, durable and lower the ambient noise level. Along with being effective, they have a long life and serve as an affordable choice.
In the recent years, the importance of ceiling tiles has become increasingly apparent as there has been a rising demand for better structural and aesthetic designs in the construction industry. Moreover, increasing industrialization rates, infrastructure spending, constant product innovations, technological improvements, construction of new residential spaces and a growing demand for green building materials have added to the growth of the ceiling tiles market.
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Expert Market Research has analyzed the global ceiling tiles market according to segment, application and region:
Market breakup by Segment:
- Mineral Wool
- Gypsum
- Metal
- Others
Market breakup by Application:
- Commercial
- Industrial
- Residential
- Others
Market breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape:
- SAS International
- Rockfon
- Chicago Metallic Corporation
- USG Corporation
- Knauf
- Odenwald Faserplattenwek GmbH
- Grenzebach BSH GmbH
- COMPAGNIE DE ST/ADR (OTCMKTS: CODYY)
- Armstrong World Industries Inc (NYSE: AWI)
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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