Saudi Arabia Ceiling Tiles Market Size, Share & Report 2030
Saudi Arabia Ceiling Tiles Market
Segments - by Material Types (Mineral Fibers, Metal, Gypsum, Wood, and Others), by Property Types (Acoustic, Non- Acoustic) by End Users (Residential, Non- Residential), and Country (Saudi Arabia) - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Segments - by Material Types (Mineral Fibers, Metal, Gypsum, Wood, and Others), by Property Types (Acoustic, Non- Acoustic) by End Users (Residential, Non- Residential), and Country (Saudi Arabia) - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The Saudi Arabia ceiling tiles market size was valued at USD 270.6 Million in 2019 and is projected to reach USD 455.1 Million by 2027, expanding at a CAGR of7.2% during the forecast period, 2020-2027. The demand for Ceiling tiles is growing as residential and commercial construction is growing in Saudi Arabia due to rising population and industrialization in the country.
Moreover, increasing disposable income across Saudi Arabia is boosting the demand for ceiling tiles. People are increasingly spending on interior constructions to make them visually appealing. Additionally, ceiling tiles have proven to be very efficient, as a thermal and acoustic insulator. The cost of acoustic tiles is lower than the cost of acoustic insulations done using other methods.
Saudi Arabia Ceiling Tiles Market Dynamics
Residential and commercial construction is growing in Saudi Arabia due to rising population and industrialization in the country. Ceiling tiles are used to improve the visual appeal and acoustics of a room. These demand for these tiles is rising in building structures to make them look modern.
Modular tiles are used in constructions, as they are customized as per the need. Increasing use of these tiles in buildings is driving the Saudi Arabia ceiling tiles market. Moreover, increasing disposable income across Saudi Arabia is boosting the demand for ceiling tiles.
People are increasingly spending on interior constructions to make them visually appealing. Factors such as rapid growth in economy, rise in standard of living, and increase in western influence are propelling the demand for ceiling tiles. Growing use of these tiles is anticipated to drive the market during the forecast period.
Furthermore, Old cities and towns are getting urbanized rapidly in Saudi Arabia, and with urbanization comes re-construction or renovation of old buildings. Ceiling tiles are being used in the renovation of residential and commercial structures, as they are easy to install and look visually pleasing. This is surging the demand for these tiles.
The wave of restoration and renovation caused by urbanization is driving the Saudi Arabia ceiling tiles market. The construction industry and tourism industry are growing in Saudi Arabia. This is fueling the demand for unique and esthetically appealing buildings. The use of ceiling tiles is expected to grow significantly during the forecast period to make interiors of buildings attractive.
Growing use of modular tiles in the construction of buildings is anticipated to fuel the demand for ceiling tiles. The use of ceiling tiles has increased during the last decade owing to they are easy to install and have modular designs. However, these tiles are susceptible to molds.
A few types of molds are considered highly poisonous and inhaling their spores can be fatal. Health risks caused by molds are lessening the demand for ceiling tiles. These factors are restraining the market.
Saudi Arabia Ceiling Tiles Market Segment Insights
Material Types Segment Analysis
In terms of material types, the market is segmented into mineral fibers, metal, gypsum, wood, and others. The mineral fibers ceiling tiles segment accounts for a major share of the market and is estimated to expand at a substantial 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.
Property Types Segment Analysis
On the basis of property types, the Saudi Arabia ceiling tiles market is divided into acoustic and non-acoustic ceiling tiles. The acoustic segment accounts for a noteworthy share of the market and is anticipated to expand at a considerable CAGR during the forecast period.
The growth of the acoustic segment is attributed to the soundproofing characteristic of these ceiling tiles. Acoustic ceiling tiles are used in crowded places such as schools, shopping complexes, and offices.
End-users Segment Analysis
In terms of end-users, the Saudi Arabia ceiling tiles market is categorized as residential and non-residential ceiling tiles. The non-residential ceiling tiles 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 nonresidential ceiling tiles segment is attributed to the growth of the service sector and commercial sector in Saudi Arabia.
Less cost, easy installation, and esthetic appeal of ceiling tiles fuels their demand in non-residential buildings such as institutes, hospitals, offices, museums, auditoriums, gymnasiums, and cinema theatres.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Ceiling tiles market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Saudi Arabia Ceiling tiles market Performance
Key players in the market include 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.
These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for ceiling tiles.
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According to this Growth Market Reports report, the market from Saudi Arabia ceiling tiles is likely to register a CAGR of 7.2% during forecast period 2020-2027, with an anticipated valuation of USD 455.1 million by the end of the 2027.
In addition to market size (in USD Million) and Volume (Million sq. meter) Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Ceiling tiles market is available in final report.
Investments in the construction industry are high in Saudi Arabia due to the growing economy of the country. Increasing use of these tiles in buildings is driving the Saudi Arabia ceiling tiles market.
The base year considered for the Saudi Arabia ceiling tiles market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include 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, and United Mining Industries
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