According to a recent market study published by Growth Market Reports titled, "Saudi Arabia Ceiling Tiles Market by material types, property type, and by end users : Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 270.6 Million in 2019 and is expected to grow at a healthy growth rate of 7.2% by the year 2027. The Saudi Arabia ceiling tiles market is anticipated to grow significantly during forecast period due to rise in number of construction activities. Moreover, strong growth in interior decorating market is driving demand for ceiling tiles in Saudi Arabia.

Saudi Arabia ceiling tiles market has been fragmented based on material types, property type, and by end users. In terms of material types, the Saudi Arabia ceiling tiles market is categorized as mineral fiber, metal, gypsum, wood, and others. Based on property type, the market is classified as acoustic and non-acoustic. In terms of end-users, the market is segregated into residential and non- residential.

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The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has slowed down the production activities across Ceiling tiles manufacturing units worldwide, the demand for ceiling tiles has declined throughout the pandemic. As construction and renovation activities are halted temporarily in Saudi Arabia during the lockdown period. The global supply chain has slowed down due to restrictions on national borders. Inadequate ancillary supplies such as raw materials used for the manufacturing ceiling tiles are expected to hamper the market during the forecast period, as supply shortages lead to pricing volatility; however, this is expected to create opportunities for domestic players. The crisis is likely to force some companies to think about changing their business models. Regarding the ceiling tiles market as demand has been growing at low growth rate during pandemic situation, ceiling tiles production has stopped or halted and the market is expected to witness sluggish growth post COVID.

As per Growth Market Reports industry analyst Vidya Jadhav, “The increasing expenditure on aesthetically pleasing looks of interior of the building across residential and non-residential areas in Saudi Arabia is anticipated to drive the growth of ceiling tiles market significantly. Moreover, the rising awareness about personal health and growing popularity of eco-friendly and sustainable materials for the production of ceiling tiles are anticipated to create lucrative opportunity for Saudi Arabia ceiling tiles market during forecast period.”

Key Takeaways from the Study:

  • On the basis of property types, the Saudi Arabia ceiling tiles market has been divided into acoustic and non-acoustic ceiling tiles. The acoustic segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period.
  • The growth of the non-residential ceiling tiles segment is owed to fast growing service sector. Less cost, easy installation, and aesthetically appealing appearance is fueling the demand for ceiling tiles in non-residential buildings such as institutes, hospitals, offices, museums, auditoriums, gymnasiums, and cinema theatres.
  • The mineral fibers segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period. The growth of the mineral fibers ceiling tiles segment is due to easy installation and superior acoustic and thermal insulation properties.
  • The market is highly fragmented, as a large number of players operate in this market. The risk of competitive rivalry is expected to rise in the future due to rising penetration of local ceiling tiles manufacturers.
  • The constant research and development across ceiling tiles for developing sustainable products using eco-friendly raw materials is anticipated to create lucrative opportunity during forecast period.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 270.6 Million

Market Growth Rate (from 2021 to 2027)

7.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Material Types, Property Types, End Users

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

Saudi Arabia

Key Companies Profiled

Al Danube Building Materials LLC, Ceilume, Compagnie de Saint-Gobain SA, Gebr. Knauf KG, Hunter Douglas N.V., Mada Gypsum, Odenwald Faserplattenwerk GmbH, SAS International, RAM Metal Industries LLC, United Mining Industries

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: ceiling tiles manufacturers, raw material suppliers, primary respondents, and distributors,
  • Demand Side: construction industry and interior designing industry.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Saudi Building Codes (SBC), The International Building Code (IBC), International Fire Code (IFC), Saudi Arabian Standards Organization (SASO)