The benefits of ceiling tiles include fire resistance, moisture absorption, and durability. As more architects and construction designers choose these tiles over others, the need for ceiling tiles is expanding.
JERSEY CITY, N.J., Oct. 4, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Ceiling Tiles Market" By Product Outlook(Mineral wool, Metal, Gypsum), By Application(residential, non-residential), and By Geography.
According to the extensive research done by Verified Market Research experts, the Ceiling Tiles Market size was valued at USD 7.2 Billion in 2021 and is projected to reach USD 15.7 Billion by 2030, growing at a CAGR of 8.4% from 2022 to 2030.
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Browse in-depth TOC on "Ceiling Tiles Market"
202 - Pages
126 - Tables
37 - Figures
Global Ceiling Tiles Market Overview
Ceiling tiles, also known as ceiling panels, are a lightweight building material that are used to enhance the aesthetic appeal of any room or area. The several varieties of ceilings, including tray, domed, suspended, shed, vaulted, and decorative, can be covered with these tiles. The ceiling tiles have some advantages, such as low maintenance, thermal insulation, fire resistance, durability, and sound absorption. Ceiling tiles or ceiling boards are one of the most frequently used construction components. Generally speaking, these tiles are used to enhance the aesthetic appeal of any building or construction.
During the forecast period, it is expected that the increasing use of environmentally friendly tiles that have received certification for meeting green building standards for emitting low VOCs will have an impact on how conventional products are used. A low-VOC emitting and asbestos-free product line has been introduced by well-known manufacturers into the market for ceiling tiles worldwide. The green retrofit or renovation activities of the existing constructions are expected to increase in the developed economies of North America and Europe as a result of the growing public awareness regarding the use of eco-friendly building materials. Additionally, leading regional players are increasingly using recyclable and reusable technologies, which is anticipated to fuel the market for ceiling tiles throughout the forecast period.
Key Developments
- In July 2021, Saint-Gyproc Gobain's division launched a new product in the ceiling tile segment which is a lightweight ceiling tile named as Gyprex L. The new Gyprex L tiles, is locally manufactured in 6.4 mm thickness and are primarily aimed at the commercial institutions like offices, healthcare, education and retail developments this Gyprex L is very simple to handle and install.
- In December 2020, Armstrong World Industries acquired all the outstanding, issued equity and several subsidiaries of Arktura LLC along with the operations in US and Argentina. Arktura, at Los Angeles, California, is a designer and fabricator of the metal and felt ceilings, partitions, walls and facades.
Key Players
The major players in the market are AWI Licensing LLC, Hunter Douglas USG Corp., ROCKWOOL International A/S, Odenwald Faserplattenwerk GmbH, Saint-Gobain Gyproc, SAS International, Knauf Gips KG, BYUCKSAN, HIL Ltd.
Verified Market Research has segmented the Global Ceiling Tiles Market On the basis of Raw Material, Application, and Geography.
- Ceiling Tiles Market, by Product Outlook
o Mineral wool
o Metal
o Gypsum
o Others
- Ceiling Tiles Market, by Application
o Residential
o Non-Residential
o Industrial
- Ceiling Tiles Market, by Geography
- North America
- U.S
-Canada
-Mexico
- Europe
-Germany
-France
- U.K
- Rest of Europe
- Asia Pacific
- China
-Japan
-India
- Rest of Asia Pacific
- ROW
-Middle East & Africa
-Latin America
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