USD 7.87 billion
Global Ceiling Tiles Market Size, Share, Growth Analysis, By Material type(mineral wool, metal), By Application(residential and non-residential) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2033 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
62 |
Figures:
75
Global Ceiling Tiles Market Insights
Ceiling Tiles Market size was valued at USD 7.87 billion in 2019 and is poised to grow from USD 8.4 billion in 2023 to USD 14.03 billion by 2031, growing at a CAGR of 9.3% in the forecast period (2024-2031).
Ceiling tiles or panels are lightweight construction materials that are primarily used in ceilings to improve a room's interior aesthetics. Ceiling tiles are typically made of gypsum, metals, mineral fibre, PVC, wood, and other materials. These tiles outperform traditional cement-based ceilings in terms of thermal and acoustic insulation, recyclability, ease of installation, low-cost maintenance and repair, improved aesthetics, and so on. As a result, ceiling tiles are widely used in a variety of construction activities across a wide range of industries, including residential, retail, hospitality, healthcare, and corporate.
The growing construction industry, combined with an increase in the number of modern infrastructure projects, is boosting the market for ceiling tiles. Furthermore, rising levels of urbanisation and a growing consumer preference for false and aesthetically pleasing ceiling structures are driving product demand. Aside from that, the increasing use of ceiling tiles in commercial buildings such as multiplexes, shopping malls, and business centres for decorative and soundproof interiors is fueling market growth. Furthermore, the Indian government's increasing investments in the construction and renovation of schools, hospitals, transportation infrastructure, and public offices, among other things, is driving the ceiling tile market.
US Ceiling Tiles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Non-residential
Fastest Growth
Non-residential
Growth Rate
9.3% CAGR
Global Ceiling Tiles Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Ceiling Tiles Market By Application ($ Bn)
Global Ceiling Tiles Market By Application (%)
To get more reports on the above market click here to Buy The Report
Global Ceiling Tiles Market Segmental Analysis
Global Ceiling Tiles Market is segmented based on the type, application, and region. Based on material type, ceiling tiles market is segmented into mineral wool, metal, gypsum, and others. Based on application, the ceiling tiles market is segmented into residential and non-residential. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Ceiling Tiles Market Analysis by Material type
Based on material type, Mineral wool, which is made from mineral fibre, fibreglass, or ceramic fibre, has the market's largest share. The high demand can be attributed to its advantageous properties such as lightweight and thermal insulation, which make it an ideal material for ceiling tiles in institutions and offices. Steel and aluminium tiles are included in the metal segment. Because of the material's sturdiness, durability, and long shelf life, these are used in both commercial and residential sectors, driving segment growth. During the industry forecast period, the gypsum segment is expected to grow the fastest. Gypsum tiles are simple to reinstall and repair. As a result, the product is popular among various end-use industries for improving the aesthetics of the structure. Plastic tiles, wood tiles, and composite tiles are included in the Other category. Changing consumer preferences for the use of ceiling materials to improve the exterior appeal are driving demand for the product and propelling the ceiling tiles market forward.
Ceiling Tiles Market Analysis by Application
Based on application, The non-residential market accounted for the majority of ceiling tile applications. The tiles are used in hospitals, educational institutions, retail stores, and corporate offices in this application segment. The increase in construction activities as a result of rising urbanisation and government infrastructure projects is driving demand for ceiling tiles. Furthermore, developing economies such as China, India, and Brazil are investing in the development of the construction industry, which is supporting the growth of the ceiling tile market.
The residential segment is expected to grow significantly, owing to the expanding housing sector to support the growing population. The rising disposable income of consumers is causing a shift toward high-end products and lifestyles. Furthermore, government investment in housing projects for the world's ever-growing population has increased demand for tiles for ceiling applications.
Global Ceiling Tiles Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Ceiling Tiles Market Regional Insights
Asia Pacific held the largest share of the global ceiling tiles market in 2021 and it is expected to dominate the global market during the forecast period. This region's growth can be attributed to economic development and rising population. Because of the expansion of the commercial sector, the majority of the population in the region is migrating to urban cities and areas. This has resulted in a high level of product demand for both commercial and residential applications.
North America will experience significant growth from 2021 to 2028 as a result of the region's increasing renovation activities. Consumers are concentrating their efforts on improving their living conditions through renovations, resulting in increased product consumption. Furthermore, technological advancement in the region is assisting companies in providing sustainable suspended tile solutions that are appealing to consumers.
Europe is expected to grow significantly as a result of increased construction activity for infrastructure development. This, combined with favourable European government regulations to improve medical and healthcare institutions, is driving up product demand even further.
Latin America, the Middle East, and Africa are economically developing regions that are supporting the growth of the construction industry. The region's raw material availability makes it simple for manufacturers to produce their products. This, along with improving the consumer's lifestyle, is driving high consumption of the product to meet consumer demand for modernised housing and offices.
Global Ceiling Tiles Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Ceiling Tiles Market Dynamics
Ceiling Tiles Market Drivers
Rise in Construction across the Globe to Boost Demand for Ceiling Tiles
- This market is being driven by increased construction activity in commercial sectors such as hospitals and clinics, office buildings, educational institutions, and industrial complexes. Thermal insulation is becoming more popular. Improved aesthetics, combined with increased disposable income among consumers, are driving up demand for ceiling tiles. The changing commercial sector, as well as the use of tiles to improve the overall appearance of office structures, are driving market growth. Furthermore, the medical industry is rapidly expanding, which leads to the construction of hospitals, which leads to product demand. The application for improving the appearance of the home and the exterior of residential buildings is also a major driver of the market.
Ceiling Tiles Market Restraints
High Cost associated with Manufacturing and Installation to Slow Down Market Growth
- The entire process of manufacturing and installing suspended tiles and supporting grids is costly. Raw material prices, ceiling design, and skilled installation are just a few of the factors that contribute to the high cost of ceiling tiles. Fluctuations and increases in any of these factors have a direct impact on the market, making them a high-risk factor. Furthermore, these tiles are easily damaged by molds and water, necessitating frequent replacement. The damage-prone nature and high cost of these tiles may cause consumers to shift to less expensive options, restraining the market.
Request Free Customization of this report to help us to meet your business objectives.
Global Ceiling Tiles Market Competitive Landscape
Global ceiling tiles market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Armstrong World Industries, ROCKWOOL International A/S, Knauf Gips KG, and Saint-Gobain Gyproc are among the market's leading players. Armstrong World Industries offers a wide range of solutions for walls, ceilings, and floors in both residential and commercial applications. Furthermore, ROCKWOOL International A/S offers a variety of materials such as mineral wool, wood, metal, and others. Companies profiled have implemented strategies to gain a competitive advantage in the global market, such as increasing global presence through capacity expansion and new product development.
Ceiling Tiles Market Top Player's Company Profiles
- Armstrong World Industries, Inc.
- Saint-Gobain S.A.
- Hunter Douglas N.V.
- USG Corporation
- Knauf Gips KG
- Rockfon
- SAS International
- Odenwald Faserplattenwerk GmbH (OWA)
- CertainTeed Corporation
- Grenzebach BSH GmbH
- Chicago Metallic Corporation
- Gypsum Management and Supply, Inc.
- Shandong Huamei Building Materials Co., Ltd.
- SAS Ceiling Systems
- Georgia-Pacific LLC
- AWI Licensing LLC (dba AWI Manufacturing)
- Baswaphon AG
- Decorative Ceiling Tiles, Inc.
- HunterDouglas Architectural (Europe)
- Knauf Armstrong Ceiling Solutions
Ceiling Tiles Market Recent Developments
- In July 2021, Official start of commercial operations signifies first post-pandemic increase of stone wool insulation manufacturing capacity in the North American market.
- In January 2021, Saint-Gobain Gyproc announced the launch of a manufacturing facility for ceiling tiles in India. The facility has 21,000 sq. ft., strategically located for servicing the market of gypsum ceiling tiles across India and helping minimize the carbon footprint and material availability.
Global Ceiling Tiles Key Market Trends
- Green building finance is being shaped and accelerated by real estate financiers and investors. This, combined with consumer concerns about pollution and CO2 emissions, is opening up opportunities for green construction, driving demand for a sustainable product. According to the IFC report, green buildings represent one of the largest global investment opportunities in the coming years, with a USD 24.7 trillion opportunity by 2030. With a total value of USD 17.8 trillion, the emerging market cities of East Asia, the Pacific, and South Asia are the major investment opportunities. Furthermore, companies are implementing a decarbonization strategy for zero-carbon buildings and developing new materials to support initiatives for sustainable construction solutions. As a result, the growing trend of green construction is opening up new opportunities for the ceiling tile industry.
Global Ceiling Tiles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global ceiling tiles market analysis, in terms of material type, Mineral wool held a larger market share owing to high demand. And in terms of application, the non-residential segment contributes to the market share because of growing urbanization. Moreover, the key factors driving the ceiling market include rapidly rising commercial building construction activities around the world. Whereas high cost and susceptibility can hamper the ceiling tiles market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.87 billion |
| Market size value in 2031 | USD 14.03 billion |
| Growth Rate | 9.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Ceiling Tiles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Ceiling Tiles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Ceiling Tiles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Ceiling Tiles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Ceiling Tiles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Ceiling Tiles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Ceiling Tiles Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
