Ceiling Tiles Market

Ceiling Tiles Market by Raw Materials (Metals, Mineral Wool, Gypsum, and Others), Applications (Commercials, Residentials, Industrials, and Institutional), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-893
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
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The global ceiling tiles market size is estimated to expand at a substantial CAGR of 6.5% during the forecast period, 2021–2028. Ceiling tiles are otherwise known as ceiling panels. These are incredibly lightweight building materials that are utilized to cover the ceiling. They offer thermal insulation and are typically designed to improve room appearance and acoustics. It is commonly used to decorate the interior of a room as well as to reduce noise. They can also be utilized for thermal insulation to some extent.
 

Ceiling Tiles Market Key Takeaways


Ceiling tiles are widely used in commercial and industrial settings, including workplaces, hospitals, homes, and retail stores. They have many prominent characteristics, including excellent performance, fire prevention, thermal insulation, and noise cancellation. They are used in a wide range of industries, including warehousing, healthcare, architecture, and retail stores. Ceiling tiles are also long-lasting and have numerous advantages, including moisture absorption and fire protection.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing attention on developing, producing, and marketing ceiling tiles for a variety of commercial purposes are key factors spurring the market growth in the coming years.
  • Increasing need for acoustic and thermal insulation, growing disposable income in emerging countries, and changing consumer preferences for residential and office building aesthetics are projected to fuel the market expansion during the forecast period.
  • Growing awareness about the use of environmentally friendly components is anticipated to enhance the green building concept in developed countries, while major players' increasing acceptance of recycling and reuse of building materials is projected to boost the market expansion in the coming years.
  • High costs of ceiling tiles installation are projected to hinder the market growth.
  • The risk of competitors such as asphalt and mortar is anticipated to hamper the market expansion.
  • Ceiling tiles have become increasingly useful as a way of boosting visual appeal is expected to create significant opportunities for the market players.

Scope of the Report

The report on the global ceiling tiles market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Ceiling Tiles Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Raw Materials (Metals, Mineral Wool, Gypsum, and Others), and Applications (Commercials, Residentials, Industrials, and Institutional)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Armstrong World Industries Inc.; Foshan Ron Building Material Trading Co., Ltd.; Guangzhou Tital Commerce Co., Ltd; Haining Shamrock Import & Export Co. Ltd.; Knauf; MADA GYPSUM; New Ceiling Tiles LLC; Odenwald Faserplattenwerk GmbH; Rockfon; Saint Gobain SA; SAS International; Shandong Huamei Building Materials Co. Ltd; Techno Ceiling Products; and IMREYS

 

Global Ceiling Tiles Market Segment Insights

Mineral wool segment is projected to account for a major market share
Based on raw materials, the global ceiling tiles market is divided into metals, mineral wool, gypsum, and others. The mineral wool segment is expected to account for a key share of the market during the forecast period due to improved properties such as reduced weight, sound absorption, recyclability, and heat insulation, which have led to increased product utilization in a variety of end-use sectors.

However, the gypsum segment is anticipated to expand at a rapid pace during the forecast period owing to the various advantages offered by ceramic tiles, including ease of installation, reduced structural weight, and ease of maintenance and repair. These tiles are frequently utilized for attractive feature improvement in many modern office buildings in the United States.

Commercials segment is expected to expand at a significant pace
On the basis of applications, the market is segregated into commercials, residential, industrials, and institutional. The commercials segment is expected to represent a key share of the market in the coming years due to its visual appeal, simplicity of installation, and acoustical qualities. Ceiling tiles are also long-lasting and have numerous advantages, including moisture absorption and fire protection. Ceiling tiles are commonly used in workplaces, retail establishments, academic institutions, healthcare, the hospitality industry, movie theaters, home theatres, auditoriums, and other commercial spaces.
 

Ceiling Tiles Market By applications


Asia Pacific is anticipated to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive  CAGR during the forecast period. The regional market growth can be attributed to the rising expenditures in residential and commercial buildings in countries like China, India, Vietnam, the Philippines, and Indonesia.

China currently has several airport infrastructure projects in the planned or development stages. The government's USD 115 billion investment plan for building 25 industries in India is projected to increase commercial construction in the nation. The Indonesian government has announced its aim to spend USD 440 billion in the construction industry by 2021, to increase residential development in the country.
 

Ceiling Tiles Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ceiling Tiles Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ceiling Tiles Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ceiling Tiles Market - Supply Chain
  4.5. Global Ceiling Tiles Market Forecast
     4.5.1. Ceiling Tiles Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ceiling Tiles Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Ceiling Tiles Market Absolute $ Opportunity
5. Global Ceiling Tiles Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Ceiling Tiles Market Size and Volume Forecast by Applications
     5.3.1. Commercials
     5.3.2. Residentials
     5.3.3. Industrials
     5.3.4. Institutional
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Ceiling Tiles Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Ceiling Tiles Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Ceiling Tiles Demand Share Forecast, 2019-2026
7. North America Ceiling Tiles Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Ceiling Tiles Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Ceiling Tiles Market Size and Volume Forecast by Applications
     7.4.1. Commercials
     7.4.2. Residentials
     7.4.3. Industrials
     7.4.4. Institutional
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Ceiling Tiles Demand Share Forecast, 2019-2026
8. Latin America Ceiling Tiles Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Ceiling Tiles Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Ceiling Tiles Market Size and Volume Forecast by Applications
     8.4.1. Commercials
     8.4.2. Residentials
     8.4.3. Industrials
     8.4.4. Institutional
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Ceiling Tiles Demand Share Forecast, 2019-2026
9. Europe Ceiling Tiles Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Ceiling Tiles Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Ceiling Tiles Market Size and Volume Forecast by Applications
     9.4.1. Commercials
     9.4.2. Residentials
     9.4.3. Industrials
     9.4.4. Institutional
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Ceiling Tiles Demand Share Forecast, 2019-2026
10. Asia Pacific Ceiling Tiles Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Ceiling Tiles Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Ceiling Tiles Market Size and Volume Forecast by Applications
     10.4.1. Commercials
     10.4.2. Residentials
     10.4.3. Industrials
     10.4.4. Institutional
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Ceiling Tiles Demand Share Forecast, 2019-2026
11. Middle East & Africa Ceiling Tiles Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Ceiling Tiles Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Ceiling Tiles Market Size and Volume Forecast by Applications
     11.4.1. Commercials
     11.4.2. Residentials
     11.4.3. Industrials
     11.4.4. Institutional
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Ceiling Tiles Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Ceiling Tiles Market: Market Share Analysis
  12.2. Ceiling Tiles Distributors and Customers
  12.3. Ceiling Tiles Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Armstrong World Industries Inc.
     12.4.2. Foshan Ron Building Material Trading Co., Ltd.
     12.4.3. Guangzhou Tital Commerce Co., Ltd.
     12.4.4. Haining Shamrock Import & Export Co. Ltd.

Segments Covered in the Report
The global ceiling tiles market has been segmented based on

Raw materials

  • Metals
  • Mineral Wool
  • Gypsum
  • Others

Applications

  • Commercials
  • Residentials
  • Industrials
  • Institutional

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Armstrong World Industries Inc.
  • Foshan Ron Building Material Trading Co., Ltd.
  • Guangzhou Tital Commerce Co., Ltd.
  • Haining Shamrock Import & Export Co. Ltd.
  • Knauf
  • MADA GYPSUM
  • New Ceiling Tiles LLC
  • Odenwald Faserplattenwerk GmbH
  • Rockfon
  • Saint Gobain SA
  • SAS International
  • Shandong Huamei Building Materials Co. Ltd
  • Techno Ceiling Products
  • IMREYS

Key players competing in the global ceiling tiles market are Armstrong World Industries Inc.; Foshan Ron Building Material Trading Co., Ltd.; Guangzhou Tital Commerce Co., Ltd; Haining Shamrock Import & Export Co. Ltd.; Knauf; MADA GYPSUM; New Ceiling Tiles LLC; Odenwald Faserplattenwerk GmbH; Rockfon; Saint Gobain SA; SAS International; Shandong Huamei Building Materials Co. Ltd; Techno Ceiling Products; and IMREYS. Some of these players are adopting several business strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
 

Ceiling Tiles Market By Key Players

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