Ceiling tiles are construction materials used to cover the ceiling of a room or space. They are made of various materials, including mineral fibres, metals, gypsum, and plastics, and come in a variety of sizes, shapes, and colours. They are primarily used to enhance a space's aesthetic appeal, provide acoustic insulation, and conceal wiring and ductwork.Several factors are driving the global ceiling tiles market, including the expansion of the construction industry, rising demand for energy-efficient buildings, and the rising trend of sustainable and eco-friendly building materials. Furthermore, improved indoor air quality and noise reduction in commercial and residential spaces are expected to drive market growth in the coming years.
Because of the high level of construction activity and the adoption of advanced building technologies, North America and Europe are expected to hold significant market shares. Due to rising demand for infrastructure development and urbanisation in countries such as China and India, the Asia-Pacific region is expected to have the highest growth potential in the coming years.
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5 Key Projections on Future of Ceiling Tiles Market for Forecast Period 2018-2027
1- The market in Asia-Pacific excluding Japan (APEJ) is expected to spearhead the market in terms of sales expansion. Increasing foreign investments particularly in India and Southeast Asia, coupled with robust construction activities apropos information technology parks and new offices that is driven by the rise in working populace is a key factor propelling the market expansion in APEJ.
2- Among product types, mineral fiber will remain sought-after in the market on account of their noise reduction characteristics.
3- Commercial application of ceiling tiles will continue to account for leading revenue share of the market. This can be mainly attributed to commercial use-specific product launches by companies, for example - Rockfon's new stone wool ceiling panel for application in auditoriums, theatres, and restaurants.
4- Surface mount installation will remain preferred for ceiling tiles on their back of their operational convenience and user-friendly attributes.
5- Based on form, laminated ceiling tiles will continue to lead the market, in terms of both value and volume.
The market for ceiling tiles is developing quickly, which increases competition for major players. Key market players have started introducing a wide range of products in order to take advantage of the upcoming opportunities.
For instance :
- In 2020, Knauf will introduce a wide variety of new ceiling tiles, including AQUAPANEL® Cement Board Indoor, KNAUF CLEANEO ACOSTIC, and others.
- 2019 saw the launch of a new line of ceiling tiles from SAS International, including SAS Metal Ceiling Tiles, SAS Open Cell Ceilings, SAS Suspended Timber Ceilings, and others.
Key Companies Profiled
- Armstrong World Industries, Inc.
- Saint-Gobain S.A.
- USG Corporation
- Techno Ceiling Products
- Mada Gypsum
- Odenwald Faserplattenwerk GmbH
- SAS International
New Ceiling Tiles LLC
Original Source of the original story >> Global Ceiling Tiles Market to Witness Significant Growth Due to Increasing Demand for Sustainable Building Materials and Improved Indoor Air Quality